Institute For Marine Mammal Studies Inc
- Assets
- $19.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 127
- Location
- Gulfport, MS
- Founding
- 12/1995
- Data as of
- 07/2023
- EIN
- 64-0706659
Organization Overview
Institute For Marine Mammal Studies Inc is located in Gulfport, MS. The organization was established in 1995. 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 07/2023, Institute For Marine Mammal Studies Inc employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Marine Mammal Studies 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 07/2023, Institute For Marine Mammal Studies Inc generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $4.7m during the year ending 07/2023. 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
EDUCATION, RESEARCH, CONSERVATION, AND PUBLIC DISPLAY OF MARINE ANIMALS AND THEIR ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, CONSERVATION, AND RESEARCH IN A MARINE ENVIRONMENT RELATIVE TO THE STUDY OF MARINE ANIMALS. PROVIDES STUDIES TO THE FEDERAL AND STATE GOVERNMENTS AND PUBLIC AND PRIVATE INSTITUTIONS RELATED TO MARINE ANIMALS, HABITATS, COASTAL ECO SYSTEMS, POTENETIAL IMPACT TO HUMANS, RELIEF FOR STRANDED DOLPHINS AND SEA TURTLES. PROVIDES TRAINING & EDUCATION FOR UNIVERSITY LEVEL STUDENTS, ASSISTS WITH UNIVERSITY RESEARCH PROGRAMS. PROVIDES EDUCATIONAL EXPERIENCES TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mobashir Moby A Solangi President And CEO | OfficerTrustee | 40 | $208,717 |
Samia S Ahmad Vice President And CFO | OfficerTrustee | 40 | $130,899 |
Dr Delphine Shannon Director | Trustee | 0.5 | $0 |
Dr Joseph Alexander Director | Trustee | 0.5 | $0 |
Ellie Roche Director | Trustee | 0.5 | $0 |
Luqman Ahmad Director Of Operations And It | 40 | $119,795 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,091,228 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,233,110 |
| Total Program Service Revenue | $2,256,193 |
| Investment income | $4,241 |
| 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 | $444,626 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,596,393 |
| 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. | $339,616 |
| Compensation of current officers, directors, key employees. | $101,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,866,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $160,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,300 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,548 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $239,650 |
| Travel | $9,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $180 |
| Interest | $14,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $927,190 |
| Insurance | $87,502 |
| All other expenses | $148,952 |
| Total functional expenses | $4,716,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,383,048 |
| Savings and temporary cash investments | $511,685 |
| Pledges and grants receivable | $508,554 |
| Accounts receivable, net | $423,339 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,336 |
| Prepaid expenses and deferred charges | $85,130 |
| Net Land, buildings, and equipment | $16,112,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,071,328 |
| Accounts payable and accrued expenses | $233,900 |
| 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 | $34,834 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $519,251 |
| Total liabilities | $787,985 |
| Net assets without donor restrictions | $18,283,343 |
| 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 | $19,071,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Marine Mammal Studies Inc Gulfport, MS | $19,071,328 | $4,596,393 |
Society For Research On Biological Rhythms Inc Brentwood, TN | $644,076 | $517,352 |
Beta Beta Beta Biological Society Florence, AL | $837,548 | $486,647 |
Fed Is Best Foundation Little Rock, AR | $6,424 | $0 |
Center Of Unification Of Science Consciousness Huntsville, AL | $144,301 | $0 |
Bio-Crises Intervention Inc Soddy Daisy, TN | $0 | $0 |