Loggerhead Marinelife Center Inc
- Assets
- $33.8m
- Revenue
- $7.9m
- Investments
- $74.1k
- Employees
- 105
- Location
- Juno Beach, FL
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 59-2445926
Organization Overview
Loggerhead Marinelife Center Inc is located in Juno Beach, FL. The organization was established in 1988. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Loggerhead Marinelife Center Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loggerhead Marinelife Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Loggerhead Marinelife Center Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A LEADING AUTHORITY LOCALLY AND INTERNATIONALLY IN OCEAN CONSERVATION VIA SEA TURTLE RESEARCH, REHABILITATION AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
IN 2021, THE SEA TURTLE HOSPITAL AT LOGGERHEAD MARINELIFE CENTER TREATED 683 SEA TURTLE PATIENTS. BY THE END OF THE YEAR, 462 SEA TURTLES WERE RELEASED BACK INTO THE WILD.
LOGGERHEAD MARINELIFE CENTER MONITORS 9.5 MILES OF BEACH WHICH SERVES AS A CRITICALLY IMPORTANT NESTING HABITAT FOR ENDANGERED SEA TURTLES. THE RESEARCH DEPARTMENT REPORTED NEARLY 15,018 SEA TURTLE NESTS AND 38,419 SEA TURTLE CRAWLS IN 2021. APPROXIMATELY 954,728 HATCHLINGS WERE PRODUCED ON THE BEACH DURING THE 2021 NESTING SEASON. THE RESEARCH DEPARTMENT TAGGED 275 INDIVIDUAL NESTING FEMALE SEA TURTLES ON LOCAL BEACHES.
OVER 79,000 INDIVIDUALS PARTICIPATED IN ONE OF THE 25 STEM EDUCATION PROGRAMS WHICH INCLUDED THE JUNIOR MARINE BIOLOGIST SUMMER CAMP AND NATIONAL AND STATE ACADEMIC STANDARD-ALIGNED STUDENT FIELD TRIPS AND GUIDED PROGRAMS FOR ADULTS AND FAMILIES. LOGGERHEAD MARINELIFE CENTER ENGAGED OVER 64,908 LEARNERS THROUGH STUDENT-LED OCEAN CONSERVATION INITIATIVES LOCALLY AND NATIONALLY.
PIER AND OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caitlin Farmer Co-Interim CEO And CFO | 40 | $150,351 | |
Tim Hannon Co-Interim CEO & COO | 40 | $149,448 | |
Kyle Van Houtan President/ceo | Officer | 40 | $129,217 |
Karen Marcus Secretary | OfficerTrustee | 1 | $0 |
Jim Mullen Treasurer | OfficerTrustee | 1 | $0 |
Brian Waxman Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $281,166 |
| Related organizations | $0 |
| Government grants | $449,009 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,279,388 |
| Noncash contributions included in lines 1a–1f | $49,248 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,009,563 |
| Total Program Service Revenue | $1,236,493 |
| Investment income | $8,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $83,645 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,521,697 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,891,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $452,809 |
| Compensation of current officers, directors, key employees. | $49,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,933,751 |
| Pension plan accruals and contributions | $45,282 |
| Other employee benefits | $161,433 |
| Payroll taxes | $172,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $45,599 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,715 |
| Advertising and promotion | $181,608 |
| Office expenses | $298,779 |
| Information technology | $40,073 |
| Royalties | $0 |
| Occupancy | $145,269 |
| Travel | $5,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,022 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $318,521 |
| Insurance | $117,052 |
| All other expenses | $160,140 |
| Total functional expenses | $4,741,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,067 |
| Savings and temporary cash investments | $2,377,170 |
| Pledges and grants receivable | $3,405,213 |
| Accounts receivable, net | $39,578 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $478,442 |
| Prepaid expenses and deferred charges | $237,065 |
| Net Land, buildings, and equipment | $26,885,413 |
| Investments—publicly traded securities | $105,357 |
| Investments—other securities | $74,053 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $184,056 |
| Total assets | $33,821,414 |
| Accounts payable and accrued expenses | $814,255 |
| Grants payable | $0 |
| Deferred revenue | $114,618 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,316,462 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,511,810 |
| Total liabilities | $9,757,145 |
| Net assets without donor restrictions | $19,867,616 |
| Net assets with donor restrictions | $4,196,653 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,821,414 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loggerhead Marinelife Center Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Velaj Foundation Inc Stamford, CT PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $70,578 |
| Earnings | $14,186 |
| Ending Balance | $84,764 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harbor Branch Oceanographic Institution Foundation Inc Vero Beach, FL | $102,821,969 | $9,522,450 |
Loggerhead Marinelife Center Inc Juno Beach, FL | $33,821,414 | $7,891,474 |
Florida Oceanographic Society Inc Stuart, FL | $10,987,978 | $3,269,743 |
Charles F Chapman School Of Seamanship Inc Stuart, FL | $4,982,985 | $2,226,904 |
Sea To Shore Alliance Clearwater, FL | $214,918 | -$2 |
Marine Science Foundation Stuart, FL | $754,154 | $1,403,481 |
Blue World Research Institute Inc Cocoa, FL | $159,452 | $809,366 |
Bimini Biological Field Station Foundation Inc Hollywood, FL | $1,569,665 | $516,165 |
Oceans For Youth Foundation Augusta, GA | $271,528 | $311,391 |
Saving The Blue Cooper City, FL | $136,410 | $292,176 |
Florida Ocean Alliance Inc Fort Lauderdale, FL | $106,806 | $0 |
Ladies Annual Fish-Off Inc Lighthouse Point, FL | $6,241 | $0 |