Aqualink Inc
- Assets
- $2.2m
- Revenue
- $534.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Bolinas, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4907253
Organization Overview
Aqualink Inc is located in Bolinas, CA. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., 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. Aqualink 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 12/2021, Aqualink Inc generated $534.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (55.2%) each year. All expenses for the organization totaled $615.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THIS FOUNDATION IS TO CREATE DATA TO BETTER FOCUS ON OCEAN CONSERVATION EFFORTS. THE FOUNDATION HAS INVESTED IN SYSTEMS AND HARDWARE TO SCALE AND IMPROVE TASKS PERFORMED BY OCEAN CONSERVATION SCIENTISTS BY ENGINEERING SOFTWARE AND HARDWARE TO MONITOR SUB-SURFACE OCEAN TEMPERATURES ACROSS THE WORLD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyndon Rive Co-Ceo & Secretary | 0.25 | $0 | |
Peter Rive Co-Ceo, CFO & Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $534,099 |
| Interest on Savings | $215 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $502,258 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $534,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,000 |
| Depreciation | $104,161 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $341,246 |
| Total operating and administrative expenses | $615,087 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $615,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,393,095 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $817,409 |
| Other assets | $0 |
| Total assets | $2,210,504 |
| Accounts payable and accrued expenses | $79,727 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $79,727 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aqualink Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Edward Charles Foundation Beverly Hills, CA PURPOSE: CHARITABLE GIFT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Flextech Alliance Inc San Jose, CA | $34,447,158 | $61,964,414 |
Wadhwani Institute For Artificial Intelligence Foundation Los Altos, CA | $3,256,790 | $7,610,704 |
Imec Inc San Francisco, CA | $1,494,519 | $4,897,734 |
Scintillon Institute San Diego, CA | $1,260,479 | $3,205,276 |
Kestrel Institute Palo Alto, CA | $2,764,272 | $3,386,483 |
Open Research Lab Inc Oakland, CA | $10,022,134 | $10,163,260 |
Sierra Institute For Community And Taylorsville, CA | $4,935,635 | $3,987,418 |
Phoenix Bioinformatics Corporation Newark, CA | $2,438,726 | $1,432,149 |
Scientific Analysis Corp Alameda, CA | $2,082,230 | $1,446,716 |
Biocom Institute San Diego, CA | $371,676 | $1,938,912 |
Group Conscience San Diego, CA | $762,518 | $582,951 |
Project Invent San Francisco, CA | $570,134 | $1,005,665 |