Marine Spill Response Corporation
- Assets
- $171.5m
- Revenue
- $110.6m
- Investments
- $0.0
- Employees
- 534
- Location
- Herndon, VA
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 62-1437621
Organization Overview
Marine Spill Response Corporation is located in Herndon, VA. The organization was established in 0000. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2023, Marine Spill Response Corporation employed 534 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Spill Response Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Marine Spill Response Corporation generated $110.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $111.8m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MSRC PROVIDES OIL SPILL RESPONSE SERVICES. SEE PART III, LINE 1 FOR DETAILS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MSRC HAS ESTABLISHED A PROGRAM TO RENDER ITS BEST EFFORTS TO CONTAIN, CLEANUP OR OTHERWISE MITIGATE A DISCHARGE OR TO MITIGATE A THREAT OF A DISCHARGE OF OIL OR OTHER SUBSTANCES. THIS IS ACCOMPLISHED THROUGH UTILIZATION OF PERSONNEL AND EQUIPMENT OF THE CORPORATION AND VARIOUS CONTRACTORS. MSRC DEVELOPS AND MAINTAINS INFORMATION REGARDING OIL DISCHARGE RESPONSE RESOURCES AND RELATED INFORMATION. MSRC CONDUCTS TRAINING, DRILLS, AND EXERCISES IN ORDER TO REVIEW OIL DISCHARGE CAPABILITIES AND FACILITATE RESPONSE RELATED READINESS. IN 1999, AND IN ACCORDANCE WITH AN IRS RULING, MSRC EXPANDED ITS PURPOSE TO ALSO INCLUDE MAKING ITS COMMUNICATIONS EQUIPMENT AND OTHER RESOURCES AVAILABLE FOR USE IN RESPONSE TO OTHER NATURAL OR MANMADE DISASTERS, SUCH AS HURRICANES, FLOODS, OR FIRES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Drewry Director | Trustee | 2 | $0 |
John Swift President | OfficerTrustee | 40 | $409,395 |
Joe Bowles VP | Officer | 40 | $420,222 |
Mike Walker VP | Officer | 40 | $358,692 |
Carmine Dulisse Former President | OfficerTrustee | 6.5 | $400,369 |
Christine Murphy Vp-Cfo/treasurer | Officer | 40 | $344,435 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dynamic Aviation Dispersant Aircraft | 12/30/23 | $8,952,997 |
Bollinger Shipyards Llc Drydock Services | 12/30/23 | $2,261,733 |
Conrad Shipyard Llc Drydock Services | 12/30/23 | $2,249,612 |
E3 Environmental Omi Oil Spill Response | 12/30/23 | $1,580,733 |
Crosby Tugs Llc Tug Services | 12/30/23 | $1,383,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $97,588,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,554 |
| Noncash contributions included in lines 1a–1f | $79,554 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,667,554 |
| Total Program Service Revenue | $13,450,296 |
| Investment income | $328,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,605,194 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,626,949 |
| 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. | $3,730,963 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,063,757 |
| Pension plan accruals and contributions | $3,089,382 |
| Other employee benefits | $6,016,869 |
| Payroll taxes | $2,841,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $233,204 |
| Fees for services: Accounting | $612,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $773,043 |
| Information technology | $1,784,688 |
| Royalties | $0 |
| Occupancy | $5,976,200 |
| Travel | $2,832,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230,496 |
| Interest | $7,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,572,433 |
| Insurance | $3,243,936 |
| All other expenses | $34,350 |
| Total functional expenses | $111,818,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,051 |
| Savings and temporary cash investments | $4,664,234 |
| Pledges and grants receivable | $7,284,000 |
| Accounts receivable, net | $870,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,557,604 |
| Prepaid expenses and deferred charges | $1,516,938 |
| Net Land, buildings, and equipment | $73,742,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,782,040 |
| Total assets | $171,467,087 |
| Accounts payable and accrued expenses | $9,996,885 |
| 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 | $421,654 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $67,184,337 |
| Total liabilities | $77,602,876 |
| Net assets without donor restrictions | $93,864,211 |
| Net assets with donor restrictions | $0 |
| 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 | $171,467,087 |