Gulf Specimen Marine Laboratories Inc
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Panacea, FL
- Founding
- 01/1981
- Data as of
- 12/2021
- EIN
- 59-2021454
Organization Overview
Gulf Specimen Marine Laboratories Inc is located in Panacea, FL. The organization was established in 1981. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Gulf Specimen Marine Laboratories Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Specimen Marine Laboratories 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 12/2021, Gulf Specimen Marine Laboratories Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $735.8k during the year ending 12/2021. While expenses have increased by 1.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MARINE RESEARCH AND EDUCATION PROVIDE COLLECTION AND STORAGE OF SPECIMENS FOR RESEARCH AND PROVIDE EDUCATIONAL TOURS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVEMENT - MARINE RESEARCH AND EDUCATION SPECIMEN SALES - SUPPORTS MARINE RESEARCH BY PROVIDING MARINE SPECIMENS TO COLLEGE, UNIVERSITIES, AND PUBLIC AQUARIUMS.
ACHIEVEMENT - MARINE RESEARCH AND EDUCATION TOURS - SUPPORTS MARINE RESEARCH AND EDUCATION BY PROVIDING TOURS AND FIELD TRIPS TO THE GENERAL PUBLIC AND SCHOOL GROUPS, INCLUDING THE SEA-MOBILE TRAVELING EXHIBIT WHICH ALLOWS GULF SPECIMEN TO BRING THE LAB'S TOUCH TANKS TO SCHOOLS AND PUBLIC EVENTS.
ACHIEVEMENT - MARINE RESEARCH AND EDUCATION GIFT SHOP SALES - SALES OF EDUCATIONAL PRODUCTS FROM THE GIFT SHOP ENCOURAGES CONTINUED AWARENESS OF MARINE ECOLOGY AND CONSERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cypress Rudloe Vicepresident | 40 | $51,675 | |
Jack J Rudloe President | Officer | 40 | $32,667 |
Sky Rudloe Director | Trustee | $0 | |
David Frisby Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,189 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $359,984 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,154 |
| Total Program Service Revenue | $535,070 |
| Investment income | $79 |
| 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 | $67,055 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,202,357 |
| 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. | $82,099 |
| Compensation of current officers, directors, key employees. | $82,099 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,075 |
| Payroll taxes | $20,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $14,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,234 |
| Advertising and promotion | $14,460 |
| Office expenses | $11,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,661 |
| Travel | $2,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,063 |
| Insurance | $19,574 |
| All other expenses | $16,268 |
| Total functional expenses | $735,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,850 |
| Savings and temporary cash investments | $169,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,551 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,339,381 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,573 |
| Total assets | $1,629,767 |
| Accounts payable and accrued expenses | $6,979 |
| 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 | $2,367 |
| Other liabilities | $202,263 |
| Total liabilities | $211,609 |
| Net assets without donor restrictions | $1,380,230 |
| Net assets with donor restrictions | $37,928 |
| 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 | $1,629,767 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Gulf Specimen Marine Laboratories Inc has recieved totaling $322,627.
| Awarding Organization | Amount |
|---|---|
Volunteer Florida Foundation Inc Tallahassee, FL PURPOSE: FLORIDA DISASTER FUND GRANT | $284,106 |
Sea Turtle Conservancy Gainesville, FL PURPOSE: Education | $18,434 |
Community Foundation Of North Florida Inc Tallahassee, FL PURPOSE: GENERAL SUPPORT | $10,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tall Timbers Research Inc Tallahassee, FL | $45,948,039 | $14,658,022 |
Turner Institute Of Ecoagriculture Inc Atlanta, GA | $75,213,938 | $77,334,224 |
Ataxia Telangiectasia Childrens Project Inc Coconut Creek, FL | $2,011,038 | $1,739,187 |
Us Poultry & Egg Harold E Ford Foundation Tucker, GA | $19,098,856 | $279,782 |
Lemur Conservation Foundation Inc Myakka City, FL | $9,311,530 | $980,232 |
Gulf Specimen Marine Laboratories Inc Panacea, FL | $1,629,767 | $1,202,357 |
Beta Beta Beta Biological Society Florence, AL | $677,418 | $484,474 |
Florida Wildflower Foundation Inc Maitland, FL | $1,182,551 | $528,033 |
Metabolomics Association Of North America Atlanta, GA | $201,971 | $0 |
Association For Tropical Biology Inc Gainesville, FL | $642,276 | $92,844 |
Florida Rice Growers Inc Cooper City, FL | $214,710 | $0 |
Keiki Kohola Project Delray Beach, FL | $44,552 | $68,780 |