Mote Marine Foundation Inc
- Assets
- $21.2m
- Revenue
- $1.5m
- Investments
- $21.5k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 04/1983
- Data as of
- 09/2021
- EIN
- 59-2226800
Organization Overview
Mote Marine Foundation Inc is located in Sarasota, FL. The organization was established in 1983. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mote Marine 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 09/2021, Mote Marine Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $609.2k during the year ending 09/2021. 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
MOTE MARINE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION OPERATING AS A FUND-RAISING ARM TO PROVIDE FUNDING FOR SCIENTIFIC AND EDUCATION PROGRAMS AT MOTE MARINE LABORATORY, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SUPPORT SCIENTIFIC AND EDUCATION PROGRAMS AT MOTE MARINE LABORATORY, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Lowe Morrison Chairman | OfficerTrustee | 0.25 | $0 |
Robert Essner Vice Chairman | OfficerTrustee | 0.25 | $0 |
Dr Michael P Crosby PHD President/ceo | OfficerTrustee | 0.25 | $0 |
Deborah Allen Schultz Secretary/treasurer | Officer | 5 | $0 |
Arthur Armitage Chairman Emeritus | Trustee | 0.25 | $0 |
Eugene Beckstein Chairman Emeritus | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,525 |
| Total Program Service Revenue | $0 |
| Investment income | $455,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,014,845 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,476,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $524,748 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $12,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,373 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $360 |
| Total functional expenses | $609,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $283,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,399 |
| 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 | $0 |
| Net Land, buildings, and equipment | $16,181 |
| Investments—publicly traded securities | $20,872,728 |
| Investments—other securities | $21,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,207,644 |
| 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 | $529,283 |
| Total liabilities | $529,283 |
| Net assets without donor restrictions | $907,039 |
| Net assets with donor restrictions | $19,771,322 |
| 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 | $21,207,644 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mote Marine Foundation Inc has recieved totaling $38,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $38,000 |
Endowment Analysis
| Beg. Balance | $12,823,568 |
| Earnings | $2,788,906 |
| Net Contributions | $6,525 |
| Other Expense | $524,748 |
| Ending Balance | $15,094,251 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Information System Security Certification Consortium Clearwater, FL | $115,725,304 | $70,448,515 |
Institute Of Industrial And Systems Engineers Inc Norcross, GA | $4,759,560 | $4,186,288 |
Association For Institutional Research Tallahassee, FL | $4,169,384 | $3,399,261 |
Society Of Environmental Toxicology And Chemistry Of North America Inc Pensacola, FL | $2,035,820 | $1,483,548 |
Mote Marine Foundation Inc Sarasota, FL | $21,207,644 | $1,476,799 |
International Precious Metals Educational & Scientific Foundatio Pensacola, FL | $1,141,905 | $589,640 |
Tampa Bay Technology Forum Inc Tampa, FL | $702,445 | $478,253 |
Gathering 4 Gardner Inc Atlanta, GA | $197,937 | $0 |
Society Of American Military Engineers Jacksonville, FL | $1,067,855 | $90,048 |
The Biotechnology Association Of Alabama Normal, AL | $216,650 | $0 |
Cuban-American Association Of Civil Engineers Inc Miami, FL | $171,777 | $0 |
Georgia Society Of Professional Engineers Atlanta, GA | $75,411 | $0 |