Terra Marine Research & Education Inc
- Assets
- $245.1k
- Revenue
- $212.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Carpinteria, CA
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 77-0125733
Organization Overview
Terra Marine Research & Education Inc is located in Carpinteria, CA. The organization was established in 1992. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, 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. Terra Marine Research & Education 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, Terra Marine Research & Education Inc generated $212.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $47.8k during the year ending 12/2022. While expenses have increased by 12.6% 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
TERRA MARINE RESEARCH & EDUCATION, (TMRE), WAS INCORPORATED IN 1986 TO CONDUCT RESEARCH AND EDUCATION IN THE MARINE SCIENCES AND RELATED FIELDS. TMRE SEEKS FUNDING AND PROVIDES LOGISTICAL SUPPORT FOR GROUPS AND INDIVIDUALS ENGAGED IN PROJECTS DESIGNED TO FURTHER OUR UNDERSTANDING OF MARINE, ISLAND, AND COASTAL ECOSYSTEMS, AS WELL AS PROJECTS DESIGNED TO MINIMIZE IMPACT AND ENHANCE RESPONSIBLE UTILIZATION OF NATURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TMRE IS CONTINUING THEIR PARTNERSHIP WITH THE SANTA CRUZ ISLAND FOUNDATION TO CREATE THE CHRISMAN CALIFORNIA ISLANDS CENTER. IT WILL BE A LEADING DEPOSITORY OF RESEARCH AND ARCHIVES OF ALL THE CALIFORNIA ISLANDS. IT WILL ALSO BE OPEN TO THE PUBLIC WITH EDUCATIONAL DISPLAYS; AND HAVE AN OFFICE FOR TMRE, AS WELL AS A CENTER OF OPERATIONS FOR TMRE'S UNDERWATER ROV PROGRAM. BUILDING INTERIOR IMPROVEMENTS ARE NEAR COMPLETION; AND PLANS FOR THE EXTERIOR HAVE BEEN SUBMITTED TO THE CITY. PROJECT PROJECTED OPENING IS SEPTEMBER,2023.
TMRE SPONSORED CONTINUED RESEARCH OF WHALE SHARKS WITH PREPARATION OF MANUSCRIPTS FOR PEER REVIEWED SCIENTIFIC LITERATURE; DEVELOPMENT AND PLANNING FOR FURTHER FIELD RESEARCH OF WHALE SHARKS IN BAJA CALIFORNIA AND COSTA RICA.
TMRE HAS PARTNERED WITH THE SANTA CRUZ ISLAND FOUNDATION UNDER FLAG CARRYING EXPEDITIONS OF THE EXPLORERS CLUB OF NEW YORK TO CONDUCT UNDERWATER RESEARCH. TMRE HAS OUTFITTED A COMMERCIAL ROV, AND ASSEMBLED A GROUP OF PROFESSIONAL VOLUNTEERS TO CONDUCT RESEARCH OFF THE CALIFORNIA CHANNEL ISLANDS. TMRE HAS RECRUITED TWO ROV COMPANIES, OCEANBOTICS AND OCEAN INNOVATIONS TO ASSIST IN THIS PROJECT WITH THEIR LATEST GENERATION EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Connally President | Trustee | 20 | $0 |
Pancho Mayoral Director | Trustee | 1 | $0 |
Thomas Donnelly Director | Trustee | 1 | $0 |
Dr Henry Chaney Director | Trustee | 1 | $0 |
Jay Carroll Director | Trustee | 1 | $0 |
Joseph Gnagey Secretary/treas | Trustee | 1 | $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 | $212,258 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,258 |
| Total Program Service Revenue | $0 |
| Investment income | $516 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $212,774 |
| 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. | $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 | $700 |
| 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 | $822 |
| 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 | $0 |
| Total functional expenses | $47,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,122 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $245,122 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $245,122 |
| 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 | $245,122 |