Bimini Biological Field Station Foundation Inc
- Assets
- $1.6m
- Revenue
- $516.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Hollywood, FL
- Founding
- 05/2012
- Data as of
- 12/2020
- EIN
- 45-3573540
Organization Overview
Bimini Biological Field Station Foundation Inc is located in Hollywood, FL. The organization was established in 2012. 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 12/2020, Bimini Biological Field Station Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bimini Biological Field Station Foundation 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 12/2020, Bimini Biological Field Station Foundation Inc generated $516.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $559.2k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE KNOWLEDGE OF THE BIOLOGY OF MARINE ANIMALS ESPECIALLY THE HEAVILY IMPACTED ELASMOBRANCH FISH FAUNA (SHARKS AND RAYS); TO EDUCATE FUTURE SCIENTISTS AT THE UNDERGRADUATE AND GRADUATE LEVELS; AND TO DISSEMINATE OUR RESEARCH RESULTS TO ADVANCE THE FIELD OF MARINE SCIENCE AND CONVERSATION BIOLOGY, AS WELL AS RAISE PUBLIC PERCEPTION AND AWARENESS OF SHARKS AND OTHER MARINE SPIECIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORM 990, SCHEDULE O, PART III, LINE 4A-EXEMPT PURPOSE ACCOMPLISHMENTS: TRAINING AND EDUCATION TO ADVANCE THE KNOWLEDGE OF MARINE ANIMALS ESPECIALLY THE HEAVILY IMPACTED ELASMOBRANCH FISH FAUNA (SHARKS AND RAYS); AND TO DISSEMINATE THE RESEARCH RESULTS TO ADVANCE THE FIELD OF MARINE SCIENCE AND CONVERSATION BIOLOGY; AND TO RAISE PUBLIC PERCEPTION AND AWARENESS OF SHARKS AND OTHER MARINE SPIECIES.
OTHER PROGRAM EXPENSES ARE MADE UP OF DEPRECIATION ON EQUIPMENT USED FOR MARINE RESEARCH AND RELATED ADMINISTRATIVE COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Smukall President | Officer | 40 | $70,457 |
Duncan Brake Treasurer | Officer | $0 | |
Dr Kevin Feldheim Secretary | Officer | $0 | |
Dr Brian Franks Vice Chairma | Trustee | $0 | |
Dr Ralph Grubbs Director | Trustee | $0 | |
Professor Aya Gruber Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $284,565 |
| Noncash contributions included in lines 1a–1f | $105,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,565 |
| Total Program Service Revenue | $230,867 |
| Investment income | $573 |
| 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 | $516,165 |
| 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. | $70,457 |
| Compensation of current officers, directors, key employees. | $70,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,656 |
| Advertising and promotion | $1,885 |
| Office expenses | $12,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,957 |
| Travel | $91,724 |
| 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 | $28,092 |
| Insurance | $17,131 |
| All other expenses | $7,436 |
| Total functional expenses | $559,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,045 |
| Savings and temporary cash investments | $834,282 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,352 |
| 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 | $7,571 |
| Net Land, buildings, and equipment | $673,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,569,665 |
| Accounts payable and accrued expenses | $2,094 |
| 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 | $0 |
| Total liabilities | $2,094 |
| Net assets without donor restrictions | $1,567,571 |
| 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 | $1,569,665 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bimini Biological Field Station Foundation Inc has recieved totaling $901.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $901 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amikids Inc Tampa, FL | $67,750,979 | $50,036,943 |
Marine Resources Development Foundation Key Largo, FL | $14,206,249 | $9,020,399 |
Harbor Branch Oceanographic Institution Foundation Inc Vero Beach, FL | $102,821,969 | $9,522,450 |
Loggerhead Marinelife Center Inc Juno Beach, FL | $33,821,414 | $7,891,474 |
Florida Oceanographic Society Inc Stuart, FL | $10,987,978 | $3,269,743 |
Charles F Chapman School Of Seamanship Inc Stuart, FL | $4,982,985 | $2,226,904 |
Sea To Shore Alliance Clearwater, FL | $214,918 | -$2 |
Marine Science Foundation Stuart, FL | $754,154 | $1,403,481 |
Blue World Research Institute Inc Cocoa, FL | $159,452 | $809,366 |
Bimini Biological Field Station Foundation Inc Hollywood, FL | $1,569,665 | $516,165 |
Oceans For Youth Foundation Augusta, GA | $271,528 | $311,391 |
Saving The Blue Cooper City, FL | $136,410 | $292,176 |