Friends Of Thunderbay National Marine Sanctuary
- Assets
- $442.9k
- Revenue
- $410.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Alpena, MI
- Founding
- 09/2011
- Data as of
- 02/2022
- EIN
- 27-3494471
Organization Overview
Friends Of Thunderbay National Marine Sanctuary is located in Alpena, MI. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 02/2022, Friends Of Thunderbay National Marine Sanctuary employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Thunderbay National Marine Sanctuary 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 02/2022, Friends Of Thunderbay National Marine Sanctuary generated $410.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $232.3k during the year ending 02/2022. While expenses have increased by 3.1% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND AND SUPPORT THE OPERATIONS AND PROGRAMS OF THE THUNDER BAY NATIONAL MARINE SANCTUARY. THIS INCLUDES PROVIDING EDUCATIONAL OPPORTUNITIES AT THE SANCTUARY BUILDING AND WITHIN THE SANCTUARY BOUNDARIES.
Describe the Organization's Program Activity:
TO SUPPORT OPERATIONS AND PROGRAMS OF THE THUNDER BAY NATIONAL MARINE SANCTUARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Gray Director | OfficerTrustee | 1 | $0 |
Charles Wiesen President | OfficerTrustee | 2 | $0 |
Carol Shafto Treasurer / | OfficerTrustee | 2 | $0 |
Beach Hall Director | Trustee | 1 | $0 |
Al Moe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,236 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,956 |
| Total Program Service Revenue | $3,362 |
| Investment income | $3,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,014 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,010 |
| 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 | $50,139 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,380 |
| Fees for services: Other | $95 |
| Advertising and promotion | $750 |
| Office expenses | $5,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,521 |
| Travel | $294 |
| 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 | $6,227 |
| Insurance | $3,804 |
| All other expenses | $2,671 |
| Total functional expenses | $232,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $124,106 |
| Pledges and grants receivable | $17,058 |
| 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 | $21,999 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,909 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $254,822 |
| Total assets | $442,893 |
| 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 | $9,658 |
| Total liabilities | $9,658 |
| Net assets without donor restrictions | $433,235 |
| 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 | $442,893 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Thunderbay National Marine Sanctuary has recieved totaling $115,025.
| Awarding Organization | Amount |
|---|---|
Walters Family Foundation Milford, MI PURPOSE: WFF FUNDING WILL HELP TO FUND AND SUPPORT THE OPERATIONS AND PROGRAMS OF THE THUNDER BAY NATIONAL MARINE SANCTUARY THIS INCLUDES PROVIDING EDUCATIONAL OPPORTUNITIES AT THE SANCTUARY BUILDING AND WITHIN THE SANCTUARY BOUNDARIES. | $115,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |