Marine Technology Society Inc

Organization Overview

Marine Technology Society Inc is located in Washington, DC. The organization was established in 1969. 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 06/2022, Marine Technology Society Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Technology Society 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 06/2022, Marine Technology Society Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AWARENESS, UNDERSTANDING, ADVANCEMENT AND APPLICATION OF MARINE TECHNOLOGY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONFERENCES AND WORKSHOPS: ANNUAL REGIONAL, LOCAL, AND INTERNATIONAL CONFERENCES ON MATTERS RELATING TO THE OCEAN AND MARINE TECHNOLOGY. ADDITIONALLY, MTS OFFERED SEVERAL FREE-OF-CHARGE WEBINARS IN FY 2022.


MEMBERSHIP SERVICES: SUPPORT AND SERVICE TO MEMBERS


PUBLICATIONS: DISTRIBUTION OF OCEAN AND MARINE TECHNOLOGY LITERATURE AND PERIODICALS


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Board, Officers & Key Employees

Name (title)Compensation
Kathleen Herndon
Executive Dir.
$164,800
Kristina Norman
Director Of Events
$112,923
Debbi Kill
VP Budget & Fin
$0
Zdenka Willis
President
$0
Liesl Hotaling
VP Communicat.
$0
Justin Manley
President Elect
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $295,291
All other contributions, gifts, grants, and similar amounts not included above$1,505
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$296,796
Total Program Service Revenue$1,407,765
Investment income $94,214
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $24,689
Net Income from Fundraising Events $57,175
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,889,360

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Marine Technology Society Inc has recieved totaling $11,000.

Awarding OrganizationAmount
Schmidt Ocean Institute

Palo Alto, CA

PURPOSE: MARINE TECHNOLOGY SOCIETY SPONSORSHIP OCEANS (GLOBAL) STUDENT POSTER COMPETITION

$6,000
The Schmidt Family Foundation

Palo Alto, CA

PURPOSE: OCEAN STEWARDSHIP AND RESEARCH

$5,000
View Grant Recipient Profile

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