Harbor Branch Oceanographic Institution Foundation Inc

Organization Overview

Harbor Branch Oceanographic Institution Foundation Inc is located in Vero Beach, FL. The organization was established in 1977. 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 06/2023, Harbor Branch Oceanographic Institution Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor Branch Oceanographic Institution 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 06/2023, Harbor Branch Oceanographic Institution Foundation Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $7.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Harbor Branch Oceanographic Institution Foundation Inc has awarded 35 individual grants totaling $27,108,160. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION PROVIDES FUNDING & SUPPORT TO HARBOR BRANCH OCEANOGRAPHIC INSTITUTE AT FAU FOR RESEARCH & EDUCATION (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION, INC. IS THE LEGISLATIVELY-DESIGNATED RECIPIENT FROM THE STATE OF FLORIDA FOR AND ADMINISTERS THE FLORIDA "PROTECT WILD DOLPHINS", "PROTECT FLORIDA WHALES", "AQUACULTURE", AND "SAVE OUR SEAS" LICENSE PLATES ALONG WITH THE CALCULATED ANNUAL SPENDABLE FUNDING GENERATED FROM INVESTMENTS SUPPORT VETTED FINITE GRANTS SUBJECT TO SPECIFIED TERMS. SAID GRANT HELPED FUND THE ADDITION OF CERTAIN NEW FACULTY, PROVIDED FACULTY INCENTIVES, AND PROVIDED SALARY SUPPORT, RESEARCH PROJECTS, FELLOWSHIPS, AND CERTAIN OPERATIONAL SUPPORT AT THE HARBOR BRANCH OCEANOGRAPHIC INSTITUTE AT FAU.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Atherton Galardi Mullen Reeder
Legal
$396,933
Flare Media Agency Llc
Advertising
$220,700
Boies Schiller Flexner Llp
Legal
$219,899
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,079,228
All other contributions, gifts, grants, and similar amounts not included above$7,371
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,086,599
Total Program Service Revenue$0
Investment income $2,283,258
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $66,365
Net Gain/Loss on Asset Sales -$1,727,483
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,708,847

Grants Awarded

Over the last fiscal year, Harbor Branch Oceanographic Institution Foundation Inc has awarded $4,424,996 in support to 5 organizations.

Grant RecipientAmount

FLORIDA ATLANTIC UNIVERSITY

PURPOSE: RESEARCH GRANTS

$4,388,366

CLEARWATER MARINE AQUARIUM

PURPOSE: RESEARCH GRANTS

$10,000

BLUE WORLD RESEARCH INSTITUTE

PURPOSE: RESEARCH GRANTS

$10,000

HUBBS-SEAWORLD RESEARCH INSTITUTE

PURPOSE: RESEARCH GRANTS

$9,995

GULF WORLD MARINE INSTITUTE

PURPOSE: RESEARCH GRANTS

$6,635
View Grant Profile

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