Marine Science Foundation
- Assets
- $754.2k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Stuart, FL
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 83-2515263
Organization Overview
Marine Science Foundation is located in Stuart, FL. The organization was established in 2020. 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, Marine Science Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Science Foundation 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, Marine Science Foundation generated $1.4m in total revenue. All expenses for the organization totaled $868.8k during the year ending 12/2021. While expenses have increased by 65.4% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BRING THE LATEST ADVANCEMENTS IN SENSOR AND DATA COLLECTION/ANALYSIS TECHNOLOGY TO MARINE SCIENTISTS AND LABORATORIES TO FURTHER MARINE CONSERVATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MSF'S PURPOSE IS TO BRING THE LATEST IN SENSOR AND DATA COLLECTION.ANALYSIS TECHNOLOGY ADVANCEMENTS TO MARINE SCIENTIST AND LABORATORIES AROUND THE WORLD TO ADVANCE MARINE CONSERVATION AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad King President | OfficerTrustee | 40 | $0 |
Shari King Board Member | Trustee | 40 | $0 |
Brian Mcgarvey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,403,481 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,403,481 |
| Total Program Service Revenue | $0 |
| 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 | $1,403,481 |
| 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 | $63,465 |
| 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 | $675,201 |
| Advertising and promotion | $0 |
| Office expenses | $108,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,163 |
| Travel | $4,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $868,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $619,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,666 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,704 |
| Other assets | $0 |
| Total assets | $754,154 |
| Accounts payable and accrued expenses | $82,653 |
| 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 | $14,961 |
| Other liabilities | $0 |
| Total liabilities | $97,614 |
| Net assets without donor restrictions | $656,540 |
| Net assets with donor restrictions | $0 |
| 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 | $754,154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amikids Inc Tampa, FL | $67,750,979 | $50,036,943 |
Marine Resources Development Foundation Key Largo, FL | $14,206,249 | $9,020,399 |
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 |