Marine Renewable Energy Collaborative Of New England
- Assets
- $280.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, MA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-3825104
Organization Overview
Marine Renewable Energy Collaborative Of New England is located in Marion, MA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Renewable Energy Collaborative Of New England 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 12/2023, Marine Renewable Energy Collaborative Of New England generated $134.8k in total revenue. All expenses for the organization totaled $150.5k during the year ending 12/2023. While expenses have increased by 125.0% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
BOURNE, MA TIDAL TEST SITE. SITE IS AVAILBLE FOR USE BY MARINE SENSOR AND INSTRUMENTATION DEVICE TESTING AND EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Amsler Director | 1 | $0 | |
Stephen Barrett President | 3 | $0 | |
Harlan Doliner Director | 1 | $0 | |
Andrea Brady Director | 1 | $0 | |
John Miller Secretary & Executive Director | 20 | $0 | |
David Duquette Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,771 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,772 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,678 |
| Professional fees and other payments to independent contractors | $85,266 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $75 |
| Other expenses | $40,521 |
| Total expenses | $150,540 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,611 |
| Other assets | $0 |
| Total assets | $280,805 |
| Total liabilities | $1,637 |
| Net assets or fund balances | $279,168 |