Atlantic Shark Institute
- Assets
- $209.5k
- Revenue
- $210.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, RI
- Founding
- 10/2018
- Data as of
- 08/2023
- EIN
- 83-2119880
Organization Overview
Atlantic Shark Institute is located in Wakefield, RI. The organization was established in 2018. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Shark Institute 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 08/2023, Atlantic Shark Institute generated $210.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 74.0% each year . All expenses for the organization totaled $129.3k during the year ending 08/2023. While expenses have increased by 73.9% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT AND RESOURCES AND CONDUCT SHARK RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMED VARIOUS IN FIELD STUDIES AND OBSERVATIONS RECORDING SHARK MOVEMENTS AND ACTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon F Dodd Director | Trustee | 15 | $0 |
Jose L Romeiro Director | Trustee | 2 | $0 |
Paul N Laprocina Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,278 |
| Total Program Service Revenue | $126,815 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,093 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,212 |
| Information technology | $8,054 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,366 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,815 |
| Insurance | $0 |
| All other expenses | $12,710 |
| Total functional expenses | $129,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,294 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $46,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,576 |
| Total assets | $209,500 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,162 |
| Total liabilities | $23,162 |
| Net assets without donor restrictions | $149,336 |
| Net assets with donor restrictions | $37,002 |
| 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 | $209,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oceanographic Research & Exploration Foundation Westport, CT | $198,595,941 | $31,428,615 |
Sea Education Association Inc Falmouth, MA | $23,348,494 | $10,645,271 |
The Global Foundation For Ocean Exploration Inc Mystic, CT | $2,116,191 | $5,022,655 |
Gloucester Marine Genomics Institute Incorporated Gloucester, MA | $9,194,920 | $5,663,713 |
Atlantic White Shark Conservancy Inc Chatham, MA | $3,021,890 | $1,764,374 |
Inter District Committee For Project Oceanology Groton, CT | $1,801,177 | $2,033,915 |
Ocean Discovery League Inc Saunderstown, RI | $1,278,133 | $1,833,953 |
Zephyr Education Foundation Falmouth, MA | $14,140 | $0 |
Atlantic Shark Institute Wakefield, RI | $209,500 | $210,093 |
Associated Scientists At Woods Hole Inc Woods Hole, MA | $37,737 | $0 |
Marine Studies Consortium Jamaica Plain, MA | $126,942 | $0 |
Hamblin Bogs Inc Osterville, MA | $513,433 | $541,757 |
Northfield Underwater Search And Rescue Team Northfield, MA | $9,102 | $13,713 |
Ocean Genome Legacy Inc Ipswich, MA | $0 | $0 |
Team Adventure Education Foundation Inc Marblehead, MA | $0 | $0 |