Bermuda Institute Of Ocean Sciences Bios Inc
- Assets
- $41.0m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 45
- Location
- Founding
- 10/1947
- Data as of
- 12/2022
- EIN
- 06-0706038
Organization Overview
Bermuda Institute Of Ocean Sciences Bios Inc is located in null. The organization was established in 1947. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Bermuda Institute Of Ocean Sciences Bios Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bermuda Institute Of Ocean Sciences Bios 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 12/2022, Bermuda Institute Of Ocean Sciences Bios Inc generated $19.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $18.1m during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 8 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.
Since 2014, Bermuda Institute Of Ocean Sciences Bios Inc has awarded 90 individual grants totaling $12,048,616. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BIOS'S MISSION IS TO SEEK AND SHARE FUNDAMENTAL KNOWLEDGE THROUGH (CONTINUED IN SCHEDULE O) STATE-OF-THE-ART SCIENTIFIC RESEARCH, WORLD-CLASS FIELD EXPEDITIONS, AND COMPREHENSIVE EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
SEE SCHEDULE O.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Barlow Trustee | Trustee | 0.5 | $0 |
Jose Cardenas Until Feb 2022 Trustee | Trustee | 0.5 | $0 |
J William Charrier Vice-Chair | Trustee | 10 | $0 |
Graham Collis Trustee | Trustee | 0.5 | $0 |
Catherine Duffy Trustee | Trustee | 0.5 | $0 |
Richard Ferrett Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bae Systems Jacksonville Ship Rvae Shipyard/repairs - Shipyard | 12/30/22 | $1,438,201 |
Bernhard Schulte Shipmanagement Ship Management Services (Crew) | 12/30/22 | $460,889 |
Marine Systems Inc Rvae Shipyard/repairs Inframe Overhaul | 12/30/22 | $286,152 |
Markey Machinery Company Inc Rvae Sse - Winch Refitting And Retrofit | 12/30/22 | $187,150 |
Sea-bird Electronics Inc Rvae Ctd, Mesocosm Sensors | 12/30/22 | $101,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,014,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,997,505 |
| Noncash contributions included in lines 1a–1f | $6,337 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,011,648 |
| Total Program Service Revenue | $587,526 |
| Investment income | $36,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $350,364 |
| Net Gain/Loss on Asset Sales | -$91 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,743 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,370,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,463,437 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $562,724 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,832,493 |
| Compensation of current officers, directors, key employees. | $804,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,297,894 |
| Pension plan accruals and contributions | $233,101 |
| Other employee benefits | $661,741 |
| Payroll taxes | $283,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,549 |
| Fees for services: Accounting | $72,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,848 |
| Fees for services: Other | $737,083 |
| Advertising and promotion | $4,120 |
| Office expenses | $372,127 |
| Information technology | $60,670 |
| Royalties | $0 |
| Occupancy | $665,366 |
| Travel | $764,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,029 |
| Interest | $120,793 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,079,731 |
| Insurance | $341,209 |
| All other expenses | $0 |
| Total functional expenses | $18,071,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,135,470 |
| Savings and temporary cash investments | $2,448,808 |
| Pledges and grants receivable | $4,509,279 |
| Accounts receivable, net | $1,726,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,183 |
| Prepaid expenses and deferred charges | $36,685 |
| Net Land, buildings, and equipment | $15,031,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $14,067,988 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,025,025 |
| Accounts payable and accrued expenses | $1,086,580 |
| Grants payable | $34,497 |
| Deferred revenue | $444,079 |
| 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 | $869,445 |
| Other liabilities | $0 |
| Total liabilities | $2,434,601 |
| Net assets without donor restrictions | -$248,195 |
| Net assets with donor restrictions | $38,838,619 |
| 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 | $41,025,025 |
Grants Awarded
Over the last fiscal year, Bermuda Institute Of Ocean Sciences Bios Inc has awarded $1,463,436 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BENEATH THE WAVES INC PURPOSE: TO FACILITATE SCIENTIFIC RESEARCH | $20,074 |
CARNEGIE MELLON PURPOSE: TO FACILITATE SCIENTIFIC RESEARCH | $99,607 |
MARINE BIOLOGICAL LABORATORY PURPOSE: TO FACILITATE SCIENTIFIC RESEARCH | $347,952 |
OREGON STATE UNIVERSITY PURPOSE: TO FACILITATE SCIENTIFIC RESEARCH | $132,177 |
THE REGENTS OF UNIVERSITY OF CALIFORNIA SANTA BARBARA PURPOSE: TO FACILITATE SCIENTIFIC RESEARCH | $288,648 |
UNIVERSITY OF MIAMI PURPOSE: TO FACILITATE SCIENTIFIC RESEARCH | $152,586 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|