Promoting responsible & sustainable use of Marine Resources through education, research,& collaboration.

501(c)(3) charity; gifts are tax-deductible.
7¢ of each $1 spent went to programs.
$170K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $2.8M a year · 30% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
7%
of spending
Concern: 7% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$170K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $57K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12.1M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$11.4M
To programs
7%
Net assets
$20.8M
By yearFY2020–FY2024
Revenue
$1.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$9.0M
FY2022$26.7M
FY2023$3.2M
FY2024$6.7M
Expenses
$11.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$11.4M
FY2021$20.6M
FY2022$7.8M
FY2023$10.1M
FY2024$11.3M
Net assets
$20.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$20.8M
FY2021$9.3M
FY2022$28.1M
FY2023$23.1M
FY2024$18.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

7 cents of each dollar spent went to programs.

Program services 7% · $757K Management & general 6% · $646K Fundraising 88% · $10.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $170K paid to officers and key staff.

Part VII, Section A · reportable compensation
$75,978Pt VII · Sec A
President
$49,755Pt VII · Sec A
Treasurer
$44,645Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Ginette Hughes’s $85K as CEO is at the 9th percentile of top reported officer pay among 363 $1–10M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ginette Hughes$84,761$75,449$86,753$79,796$75,978
Sarah Egner$64,618$57,331$55,583——
Ian Koblick————$49,755
Joann Smenda———$25,940$44,645

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Marine Resources Development Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educating, researching, and collaborating to promote responsible and sustainable use of marine resources.

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Provided by the organization

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3 programs · $757K · in their own filed words · FY2020
01

Covid struck in the middle of our busy season, but we still reached over 1000 students during 2020! Our marinelab onsite programs introduce students to marine science concepts through hands-on labs, discussion activities, and snorkeling explorations by boat on our us coast guard inspected vessels.

$754Kprogram expense
02

When students could not come to marinelab, we brought marinelab programs to them via zoom. We developed five different virtual programs that included at least one live instructor demonstrating and interacting with a variety of marine invertebrates. We even had a virtual coral reef snorkel!

$3Kprogram expense
03

The marinelab undersea laboratory hosted research and educational programs while it was submerged in our lagoon from 1985 - 2018. After it was removed from the water in 2018, it was renovated and turned into an interactive museum, designed to provide an experience that mimics the feeling of being in a working undersea research station.

$56program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$57K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Other incomeLn 4–11$721K
Fees for servicesLn 2g$511K
Gifts and grantsLn 1h$116K
Money outPt IX
$11.4M
Ln 25
Programscol B$757K
Managementcol C$646K
Fundraisingcol D$10.0M
Owns and owesPt X
$20.8M
net assets · Ln 32
Cash and savingsLn 1–2$220K
Total assetsLn 16$33.0M
LiabilitiesLn 26$12.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$116K
Fees for servicesLn 2g$511K
Investment incomeLn 3$3K
Other incomeLn 4–11$721K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$120K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$220K
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$1K
Total assetsLn 16$33.0M
LiabilitiesLn 26$12.1M
Net assetsLn 32$20.8M
OperationsPt I, VI
EmployeesI 564
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$220K
Land, buildings, equipmentLn 10c$2.2M$2.1M
Total assetsLn 16$44.7M$33.0M
LiabilitiesLn 26$13.8M$12.1M
Net assetsLn 32$30.9M$20.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$121K$121K
Other salaries and wagesLn 7$476K$373K$103K
Pension plan contributionsLn 8$13K$8K$5K
Other employee benefitsLn 9$94K$73K$21K
Payroll taxesLn 10$45K$28K$17K
Management feesLn 11a$50K$50K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$3K$105$442$2K
Office expensesLn 13$11K$2K$7K$1K
OccupancyLn 16$50K$31K$19K
TravelLn 17$1K$20$1K
InterestLn 20$114K$114K
Depreciation, depletion and amortizationLn 22$9.6M$65K$9.6M
InsuranceLn 23$151K$134K$17K
Other expenses (24a–d)Ln 24$608K$76K$64K$469K
All other expensesLn 24e$66K$31K$34K$706
Total functional expensesLn 25$11.4M$757K$646K$10.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.7M$11.3M−$4.6M$18.5M 990 PDF
FY2023 $3.2M$10.1M−$6.9M$23.1M 990 PDF
FY2022 $26.7M$7.8M$18.9M$28.1M 990 PDF
FY2021 $9.0M$20.6M−$11.5M$9.3M 990 PDF
FY2020 Viewing $1.4M$11.4M−$10.1M$20.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,351,257 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,675,655$115,959
I-9 Program service revenuePrior year $2,305,464$511,365
I-10 Investment incomePrior year $12,801$2,806
I-11 Other revenuePrior year $175,025$721,127
I-12 Total revenuePrior year $15,168,945$1,351,257
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,095,753$749,968
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,272,170$10,681,562
I-18 Total expensesPrior year $10,367,923$11,431,530
I-19 Revenue less expensesPrior year $4,801,022−$10,080,273
Part VI · Governance 7 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,351,257 across 7 lines filed
Lines not itemized here account for $810 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$115,959
VIII-1h Total contributions, gifts and grants$115,959
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $511,365$511,365
VIII-3 Investment incomeUnrelated business $2,806$2,806
VIII-6 Net rental income or lossUnrelated business $73,197$73,197
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $641,160 · Unrelated business $5,960$647,120
VIII-12 Total revenueRelated to mission $1,152,525 · Unrelated business $82,773 · Excluded from tax $0$1,351,257
Part IX · Statement of functional expenses $11,431,530 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $120,623$120,623
IX-7 Other salaries and wagesPrograms $372,976 · Management $103,499$476,475
IX-8 Pension plan contributionsPrograms $8,263 · Management $4,953$13,216
IX-9 Other employee benefitsPrograms $73,424 · Management $20,738$94,162
IX-10 Payroll taxesPrograms $28,448 · Management $17,044$45,492
IX-11a Management feesManagement $49,755$49,755
IX-11c Accounting feesManagement $7,950$7,950
IX-12 Advertising and promotionPrograms $105 · Management $442 · Fundraising $2,301$2,848
IX-13 Office expensesPrograms $2,347 · Management $7,234 · Fundraising $1,094$10,675
IX-16 OccupancyPrograms $30,835 · Management $18,746$49,581
IX-17 TravelPrograms $20 · Management $1,251$1,271
IX-20 InterestManagement $114,200$114,200
IX-22 Depreciation, depletion and amortizationManagement $65,327 · Fundraising $9,555,080$9,620,407
IX-23 InsurancePrograms $133,991 · Management $16,715$150,706
IX-24 Other expenses (24a–d)Programs $75,785 · Management $64,145 · Fundraising $468,524$608,454
IX-24e All other expensesPrograms $31,173 · Management $33,836 · Fundraising $706$65,715
IX-25 Total functional expensesPrograms $757,367 · Management $646,458 · Fundraising $10,027,705$11,431,530
Part X · Balance sheet $32,963,977 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $579,870$119,707
X-2 Savings and temporary cash investmentsStart of year $535,837$100,000
X-4 Accounts receivableStart of year $93,708$57,714
X-8 Inventories for sale or useStart of year $41,264,720$30,540,400
X-10c Land, buildings and equipment, netStart of year $2,179,341$2,145,156
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $44,654,476$32,963,977
X-17 Accounts payable and accrued expensesStart of year $43,486$14,216
X-19 Deferred revenueStart of year $461,745$117,640
X-25 Other liabilitiesStart of year $11,555$377,824
X-26 Total liabilitiesStart of year $13,760,215$12,149,989
X-27 Net assets without donor restrictionsStart of year $28,316,217$18,238,619
X-28 Net assets with donor restrictionsStart of year $2,578,044$2,575,369
X-32 Total net assets or fund balancesStart of year $30,894,261$20,813,988
X-33 Total liabilities and net assetsStart of year $44,654,476$32,963,977
Part XI · Reconciliation of net assets $20,813,988 net assets at year end
XI-1 Total revenue$1,351,257
XI-2 Total expenses$11,431,530
XI-3 Revenue less expenses−$10,080,273
XI-4 Net assets at start of year$30,894,261
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$20,813,988

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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