Water Institute Of The Gulf
- Assets
- $6.7m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 106
- Location
- Baton Rouge, LA
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 45-1066585
Organization Overview
Water Institute Of The Gulf is located in Baton Rouge, LA. The organization was established in 2011. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2022, Water Institute Of The Gulf employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Water Institute Of The Gulf 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, Water Institute Of The Gulf generated $14.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $15.0m during the year ending 12/2022. While expenses have increased by 4.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WATER INSTITUTE IS AN INDEPENDENT RESEARCH RESOURCE TO PROMOTE RESILIENT AND SUSTAINABLE COASTS WORLDWIDE TO ENSURE LIVABLE COMMUNITITES AND A THRIVING ECONOMY AND ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WATER INSTITUTE CONNECTS ACADEMIC, PUBLIC, AND PRIVATE RESEARCH PROVIDERS AND CONDUCTS APPLIED RESEARCH TO SERVE COMMUNITIES AND INDUSTRY. THE INSTITUTE CONDUCTS APPLIED RESEARCH THAT WILL HELP COASTAL COMMUNITIES AND ECONOMIES BECOME MORE RESILIENT TO LAND SUBSIDENCE, STORMS, RISING SEA LEVELS, AND OTHER COASTAL THREATS. KEY INITIATIVES INCLUDE DEVELOPMENT OF NUMERICAL MODELING AND DECISION SUPPORT TOOLS, REAL-TIME FORECASTING, AND COMPREHENSIVE INTEGRATED RISK ASSESSMENT MODELING TO ESTABLISH SCIENTIFIC BENCHMARKS AND PROVIDE GUIDANCE THAT WILL BETTER INFORM POLICY MAKERS, COMMUNITIES, AND BUSINESSES. BY LEVERAGING THE KNOWLEDGE AND TOOLS OF THE INSTITUTE, GOVERNMENT, BUSINESS, INDUSTRY, AND PHILANTHROPIC INTERESTS, MAY THOUGHTFULLY PLAN FOR SUSTAINABLE INFRASTRUCTURE, LANDSCAPES, ECOSYSTEMS AND ECONOMIES, AND EMERGENCY PREPAREDNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Reilly Jr Board Chairman | OfficerTrustee | 1 | $0 |
Thomas Sands Board Member | Trustee | 1 | $0 |
William G Shafroth Board Member | Trustee | 1 | $0 |
Oliver Richard III Vice Chairman | OfficerTrustee | 1 | $0 |
J Gerard Jolly Secretary/treasurer | OfficerTrustee | 1 | $0 |
Norma Jean Mattei Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lsu-office Of Sponsored Program Accounti Subawards | 12/30/22 | $764,789 |
Colibri Ecological Consulting Llc Subcontracts | 12/30/22 | $881,195 |
The Data Center Of Southeast La Subawards | 12/30/22 | $171,646 |
Dynamic Solutions Llc Subcontracts | 12/30/22 | $157,920 |
Rand Corporation Subcontracts | 12/30/22 | $146,268 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,851,866 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,162,116 |
| Total Program Service Revenue | $676,840 |
| Investment income | $739 |
| 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 | $14,889,801 |
| 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. | $938,126 |
| Compensation of current officers, directors, key employees. | $938,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,796,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $937,968 |
| Payroll taxes | $524,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,323 |
| Fees for services: Accounting | $57,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,220,592 |
| Advertising and promotion | $0 |
| Office expenses | $38,516 |
| Information technology | $68,798 |
| Royalties | $0 |
| Occupancy | $325,461 |
| Travel | $217,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,097 |
| Interest | $5,824 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,275 |
| Insurance | $81,583 |
| All other expenses | $196,590 |
| Total functional expenses | $14,959,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,933 |
| Savings and temporary cash investments | $30,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,656,728 |
| 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 | $110,564 |
| Net Land, buildings, and equipment | $313,691 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,320,060 |
| Total assets | $6,717,372 |
| Accounts payable and accrued expenses | $2,367,435 |
| Grants payable | $0 |
| Deferred revenue | $20,143 |
| 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 | $1,475,876 |
| Total liabilities | $3,863,454 |
| Net assets without donor restrictions | $2,853,918 |
| 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 | $6,717,372 |