Loggerhead Marinelife Center Inc
- Assets
- $33.6m
- Revenue
- $6.3m
- Investments
- $563.4k
- Employees
- 118
- Location
- Juno Beach, FL
- Founding
- 12/1988
- Data as of
- 12/2022
- EIN
- 59-2445926
Organization Overview
Loggerhead Marinelife Center Inc is located in Juno Beach, FL. The organization was established in 1988. 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 12/2023, Loggerhead Marinelife Center Inc employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loggerhead Marinelife Center 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 12/2022, Loggerhead Marinelife Center Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. While expenses have increased by 10.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A LEADING AUTHORITY LOCALLY AND INTERNATIONALLY IN OCEAN CONSERVATION VIA SEA TURTLE TO OCEAN ECOSYSTEM CONSERVATION WITH A SPECIAL FOCUS ON THREATENED AND ENDANGERED SEA TURTLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, LOGGERHEAD MARINELIFE CENTER ADMITTED 2,593 SEA TURTLES REPRESENTING ALL 5 SPECIES FOUND IN THE U.S. ATLANTIC OCEAN (KEMP'S RIDLEY, LOGGERHEAD, GREEN, HAWKSBILL, AND LEATHERBACK) INTO THE HOSPITAL. THERE WERE 2,380 HATCHLINGS & POST-HATCHLINGS, AND 213 JUVENILES OR LARGER. WE RELEASED 1,867 TURTLES AFTER REHABILITATION. SO, SURVIVAL RATE OVERALL WAS 72%, BUT IF THE CARE TEAM WAS ABLE TO GET THE ANIMALS THROUGH THE FIRST CRITICAL 24 HOUR PERIOD, THAT RATE JUMPED TO >95%.
LOGGERHEAD MARINELIFE CENTER MONITORS 9.5 MILES OF BEACH, WHICH SERVES AS A CRITICALLY IMPORTANT NESTING HABITAT FOR ENDANGERED SEA TURTLES. THE RESEARCH DEPARTMENT REPORTED 25,025 SEA TURTLE NESTS AND 42,387 NON-NESTING EMERGENCES IN 2023. APPROXIMATELY 1.1 MILLION HATCHLINGS WERE PRODUCED ON THE BEACH DURING THE 2023 NESTING SEASON. THE RESEARCH DEPARTMENT TAGGED AND IDENTIFIED 215 INDIVIDUAL NESTING SEA TURTLES ON LOCAL BEACHES.
OVER 95,000 INDIVIDUALS PARTICIPATED IN ONE OF THE 25 STEM EDUCATION PROGRAMS WHICH INCLUDED THE JUNIOR MARINE BIOLOGIST SUMMER CAMP AND NATIONAL AND STATE ACADEMIC STANDARD-ALIGNED STUDENT FIELD TRIPS AND GUIDED PROGRAMS FOR ADULTS AND FAMILIES. LOGGERHEAD MARINELIFE CENTER ENGAGED NEARLY 27,000 LEARNERS THROUGH STUDENT-LED OCEAN CONSERVATION INITIATIVES LOCALLY AND NATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Waxman Chairman | OfficerTrustee | 1 | $0 |
Monique Brechter Vice Chairman | OfficerTrustee | 1 | $0 |
Beau Standish Treasurer | OfficerTrustee | 1 | $0 |
Karen Marcus Secretary | OfficerTrustee | 1 | $0 |
Natasha Ziff Member | Trustee | 1 | $0 |
Charles Schoenherr Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $375,516 |
| Related organizations | $0 |
| Government grants | $1,030,414 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,356,043 |
| Noncash contributions included in lines 1a–1f | $183,430 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,761,973 |
| Total Program Service Revenue | $1,172,387 |
| Investment income | $2,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$44,390 |
| Net Gain/Loss on Asset Sales | -$121,386 |
| Net Income from Fundraising Events | $98,134 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,434,457 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,291,719 |
| 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. | $617,389 |
| Compensation of current officers, directors, key employees. | $67,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,980,368 |
| Pension plan accruals and contributions | $42,841 |
| Other employee benefits | $175,430 |
| Payroll taxes | $188,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $274,532 |
| Advertising and promotion | $181,355 |
| Office expenses | $425,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $301,513 |
| Travel | $9,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $192,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $990,424 |
| Insurance | $224,619 |
| All other expenses | $241,296 |
| Total functional expenses | $6,646,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,502 |
| Savings and temporary cash investments | $2,259,069 |
| Pledges and grants receivable | $2,026,408 |
| Accounts receivable, net | $117,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $575,715 |
| Prepaid expenses and deferred charges | $376,904 |
| Net Land, buildings, and equipment | $27,315,237 |
| Investments—publicly traded securities | $73,900 |
| Investments—other securities | $563,443 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $255,501 |
| Total assets | $33,615,095 |
| Accounts payable and accrued expenses | $844,148 |
| Grants payable | $0 |
| Deferred revenue | $210,251 |
| 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 | $6,788,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,573,407 |
| Total liabilities | $9,415,906 |
| Net assets without donor restrictions | $20,983,023 |
| Net assets with donor restrictions | $3,216,166 |
| 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 | $33,615,095 |