Marine Science And Technology Foundation
- Assets
- $1.6m
- Revenue
- $354.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 26-3630378
Organization Overview
Marine Science And Technology Foundation is located in Palo Alto, CA. The organization was established in 2010. 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. Marine Science And Technology 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 12/2023, Marine Science And Technology Foundation generated $354.8k in total revenue. All expenses for the organization totaled $41.9k during the year ending 12/2023. While expenses have increased by 19.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCEANIC AND MARINE SCIENCE AND TECHNOLOGY RESEARCH, INCLUDING MAINTAINING ASSETS TO BE USED IN OCEANIC AND MARINE SCIENCE AND TECHNOLOGY RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Schmidt President | 0.5 | $0 | |
Eric Schmidt Vice President | 0.5 | $0 | |
Frances Babb Secretary | 0.27 | $3,500 | |
Trang Nguyen Acting Treasurer | 0.43 | $6,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $324,869 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $354,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,936 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,003 |
| Total operating and administrative expenses | $41,899 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $41,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $976,344 |
| Savings and temporary cash investments | $628,143 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,012 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,605,499 |
| Accounts payable and accrued expenses | $18,216 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,216 |