Monterey Bay Aquarium Research Institute
- Assets
- $238.7m
- Revenue
- $90.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Moss Landing, CA
- Founding
- 05/1988
- Data as of
- 12/2022
- EIN
- 77-0150580
Organization Overview
Monterey Bay Aquarium Research Institute is located in Moss Landing, CA. The organization was established in 1988. According to its NTEE Classification (D50) the organization is classified as: Zoos & Aquariums, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey Bay Aquarium Research Institute 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, Monterey Bay Aquarium Research Institute generated $90.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $65.2m during the year ending 12/2022. While expenses have increased by 2.9% 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.
Since 2015, Monterey Bay Aquarium Research Institute has awarded 46 individual grants totaling $3,925,595. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF OCEANOGRAPHIC INSTRUMENTS - DNA PROBES, SEA-FLOOR MAPPING SYSTEMS, IN SITU ANALYZERS/SAMPLERS, CHEMICAL SENSORS, ETC.
NEW TECHNOLOGY DATA COLLECTION VEHICLES - AUV DEVELOPMENT AND ENHANCEMENTS, AND ROV UPGRADES AND ENHANCEMENTS.
STUDY THE COMPOSITION, STRUCTURE, ECOLOGICAL DYNAMICS AND POPULATION DYNAMICS OF THE WATER COLUMNS AND SEA-FLOOR OF THE MONTEREY BAY AND OTHER WEST COAST SITES.
MAINTAIN AN OCEAN OBSERVATORY SYSTEM AND A DATA REFERENCE SYSTEM WHICH PROVIDES THE OCEANOGRAPHIC COMMUNITY WITH ACCESS TO KEY DATA AND DATA COLLECTION OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Christopher Scholin President & CEO | 40 | $423,781 | |
Basilio Martinez CFO | 40 | $265,182 | |
Julie Packard Chairman | 4 | $0 | |
Dona Crawford Director | 4 | $6,000 | |
Edward William Barnholt Director | 4 | $6,000 | |
Dr Franklin M Orr Jr Vice Chairman | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pricewaterhouse Coopers Llp | 12/30/22 | $241,025 |
Sliced Bread Design | 12/30/22 | $140,000 |
Ropes And Gray | 12/30/22 | $67,835 |
Dale Graves | 12/30/22 | $78,678 |
Visceral Llc | 12/30/22 | $128,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $89,975,157 |
| Interest on Savings | $849,888 |
| Dividends & Interest | $0 |
| Net Rental Income | $140,382 |
| Net Gain on Sale of Assets | -$261,712 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $233,376 |
| Total Revenue | $90,937,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $849,376 |
| Other employee salaries and wages | $21,469,942 |
| Pension plans, employee benefits | $9,879,328 |
| Interest | $61,609 |
| Taxes | $16,233 |
| Depreciation | $8,341,126 |
| Occupancy | $2,537,580 |
| Travel, conferences, and meetings | $825,048 |
| Printing and publications | $279,364 |
| Other expenses | $20,046,090 |
| Total operating and administrative expenses | $64,874,239 |
| Contributions, gifts, grants paid | $320,500 |
| Total expenses and disbursements | $65,194,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,192,147 |
| Savings and temporary cash investments | $64,394,065 |
| Net Accounts receivable | $263,345 |
| Net Pledges Receivable | $0 |
| Grants receivable | $74,958,737 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $63,254 |
| Prepaid expenses and deferred charges | $2,034,925 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $61,245,629 |
| Other assets | $33,504,367 |
| Total assets | $238,656,469 |
| Accounts payable and accrued expenses | $14,781,427 |
| Grants payable | $0 |
| Deferred revenue | $1,741,625 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $14,144,000 |
| Total liabilities | $30,667,052 |
Grants Awarded
Over the last fiscal year, Monterey Bay Aquarium Research Institute has awarded $320,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LELAND STANFORD JR UNIV PURPOSE: SUPPORT FOR COLLABORATIVE RESEARCH PROGRAM. | $150,000 |
PACIFIC GROVE HIGHSCHOOL PTA PURPOSE: TO SUPPORT HIGHSCHOOL ACTIVITY ON BEHALF OF SERVICE AWARD RECIPIENT. | $500 |
UNIVERSITY OF SOUTH FLORIDA PURPOSE: TO EXPAND THE ORGANIZATION'S OCEAN EXPLORATION AND RESEARCH PROGRAM. | $170,000 |