Marine Applied Research And Exploration
- Assets
- $1.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Richmond, CA
- Founding
- 01/2004
- Data as of
- 06/2021
- EIN
- 31-1821639
Organization Overview
Marine Applied Research And Exploration is located in Richmond, CA. The organization was established in 2004. 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 06/2021, Marine Applied Research And Exploration employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Applied Research And Exploration 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 06/2021, Marine Applied Research And Exploration generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 6 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
MARINE APPLIED RESEARCH & EXPLORATION MARE PROVIDES TECHNOLOGY AND OFFSHORE OPERATIONS EXPERTISE NEEDED TO SEE AND WORK IN DEEPWATER MARINE ENVIRONMENT - THOSE BEYOND THE REACH OF MOST DIVERS. MARE COLLABORATES WITH SCIENTISTS, RESOURCE MANAGERS AND ENVIRONMENTAL GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONITORING OF NEAR SHORE UNDERWATER RESOURCES AND FISH POPULATIONS INCLUDING MAPPING AND COUNTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dirk Rosen Executive Dir. | Officer | 40 | $148,000 |
Kellie Aamodt Treasurer | Officer | 0 | $0 |
Jon Glassman Chairman | Officer | 5 | $0 |
Mansi Konar Secretary | Officer | 0 | $0 |
Kerry Davidson Director | Trustee | 0 | $0 |
Mark Gordon Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $680,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $901,439 |
| Noncash contributions included in lines 1a–1f | $295,256 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,582,158 |
| Total Program Service Revenue | $0 |
| Investment income | $334 |
| 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 | $1,582,492 |
| 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. | $160,400 |
| Compensation of current officers, directors, key employees. | $64,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,423 |
| Pension plan accruals and contributions | $31,437 |
| Other employee benefits | $123,537 |
| Payroll taxes | $41,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,527 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,660 |
| Advertising and promotion | $4,628 |
| Office expenses | $8,378 |
| Information technology | $15,508 |
| Royalties | $0 |
| Occupancy | $64,271 |
| Travel | $4,744 |
| 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 | $121,358 |
| Insurance | $59,986 |
| All other expenses | $20,493 |
| Total functional expenses | $1,475,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,689 |
| Savings and temporary cash investments | $316,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,737 |
| 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 | $28,065 |
| Net Land, buildings, and equipment | $570,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,137,478 |
| Accounts payable and accrued expenses | $170,404 |
| 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 | $202,818 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,597 |
| Total liabilities | $485,819 |
| Net assets without donor restrictions | $512,700 |
| Net assets with donor restrictions | $138,959 |
| 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 | $1,137,478 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Marine Applied Research And Exploration has recieved totaling $116,352.
| Awarding Organization | Amount |
|---|---|
The Marisla Foundation Laguna Beach, CA PURPOSE: GENERAL SUPPORT | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $28,400 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,972 |
Herbert & Gertrude Halverstadt Foundation Fairview, TN PURPOSE: CHARITABLE | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theiss Research La Jolla, CA | $1,142,512 | $2,838,989 |
Altasea At The Port Of Los Angeles San Pedro, CA | $13,326,843 | $2,313,467 |
Sylvia Earle Alliance Mission Blue Napa, CA | $2,340,872 | $1,830,629 |
Marine Science Institute Redwood City, CA | $3,001,123 | $1,755,713 |
Marine Applied Research And Exploration Richmond, CA | $1,137,478 | $1,582,492 |
Oceanic Society Expeditions Ross, CA | $1,543,344 | $1,070,677 |
Climate Foundation Carson City, NV | $2,970,996 | $1,167,133 |
Rv Pilar Inc San Diego, CA | $1,347,535 | $0 |
Algalita Marine Research And Education Long Beach, CA | $558,525 | $426,453 |
Medical Foundation For The Stdy Of The Envir & Hum Bdy Char Tr 060789 Kailua, HI | $3,073,806 | $271,975 |
Marine Life Studies Monterey, CA | $302,023 | $222,959 |
California Ocean Alliance Aptos, CA | $294,095 | $351,707 |