Dauphin Island Sea Lab Foundation Inc
- Assets
- $3.5m
- Revenue
- $726.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 01/2003
- Data as of
- 09/2022
- EIN
- 46-0502262
Organization Overview
Dauphin Island Sea Lab Foundation Inc is located in Mobile, AL. The organization was established in 2003. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dauphin Island Sea Lab 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 09/2022, Dauphin Island Sea Lab Foundation Inc generated $726.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $180.5k during the year ending 09/2022. While expenses have increased by 32.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE STEWARDSHIP OF THE MARINE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL ASSISTANCE TO THE DAUPHIN ISLAND SEA LAB TO FUND PROJECTS THAT ENCOMPASS MARINE SCIENCE EDUCATION, MARINE SCIENCE RESEARCH, COASTAL ZONE MANAGEMENT POLICY AND EDUCATING THE GENERAL PUBLIC THROUGH THE ESTUARIUM, THE DAUPHIN ISLAND SEA LABS PUBLIC AQUARIUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helene Hassell Executive Director | Officer | 30 | $32,000 |
Ben King Vice Chair | OfficerTrustee | 3 | $0 |
Bob Collins Chair | OfficerTrustee | 3 | $0 |
Brooks Hieronymus Treasurer | OfficerTrustee | 3 | $0 |
Karen Chambless Secretary | OfficerTrustee | 3 | $0 |
Jeffrey St John Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,024 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,604 |
| Noncash contributions included in lines 1a–1f | $30,775 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676,628 |
| Total Program Service Revenue | $0 |
| Investment income | $73,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,306 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $726,766 |
| 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. | $32,000 |
| Compensation of current officers, directors, key employees. | $4,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,924 |
| Office expenses | $12,582 |
| Information technology | $4,067 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $3,971 |
| Insurance | $668 |
| All other expenses | $0 |
| Total functional expenses | $180,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,166,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $300 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $2,863 |
| Net Land, buildings, and equipment | $23,829 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,326,668 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,520,597 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,499,674 |
| Net assets with donor restrictions | $1,020,923 |
| 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 | $3,520,597 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Dauphin Island Sea Lab Foundation Inc has recieved totaling $53,637.
| Awarding Organization | Amount |
|---|---|
Alabama Power Foundation Inc Birmingham, AL PURPOSE: GENERAL/OPERATING | $50,000 |
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $1,000 |
Tonsmeire Charitable Foundation 2008 Fairhope, AL PURPOSE: UNRESTRICTED CONTRIBUTION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $512 |
Skyros Benevolent Society Tr 1255000802 Mobile, AL PURPOSE: GENERAL BUDGET | $500 |
Ernest G & Cecil B Williams Foundation Birmingham, AL PURPOSE: FUND CHARITABLE ORGANIZATION | $500 |
Endowment Analysis
| Beg. Balance | $2,745,504 |
| Earnings | -$389,893 |
| Admin Expense | $28,943 |
| Net Contributions | $13,130 |
| Other Expense | $13,130 |
| Ending Balance | $2,326,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
African Community And Conservation Foundation Inc Palm Beach, FL | $736,890 | $5,137,031 |
Memphis Botanic Garden Foundation Inc Memphis, TN | $14,081,049 | $3,694,417 |
Tall Timbers Foundation Inc Tallahassee, FL | $42,561,841 | $4,468,604 |
Birmingham Botanical Society Inc Birmingham, AL | $25,181,384 | $2,808,388 |
Patch Of Heaven Sanctuary Inc Miami, FL | $1,426,299 | $2,084,650 |
Captain Planet Foundation Inc Atlanta, GA | $680,888 | $2,286,899 |
Friends Of The Mounts Botanical Garden Inc West Palm Beach, FL | $1,022,656 | $1,743,029 |
Friends Of Huntsville Parks And Recreation Huntsville, AL | $50,605 | $1,621,669 |
Florida Botanical Gardens Foundation Inc Largo, FL | $1,671,232 | $1,004,261 |
Riverwalk Fort Lauderdale Inc Fort Lauderdale, FL | $412,188 | $501,771 |
Metro Nashville Parks Foundation Nashville, TN | $463,128 | $172,023 |
Friends Of Rookery Bay Naples, FL | $701,665 | $545,416 |