Hubbs Florida Ocean Fund Inc
- Assets
- $41.8k
- Revenue
- $395.2k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 03/2005
- Data as of
- 06/2023
- EIN
- 86-1100953
Organization Overview
Hubbs Florida Ocean Fund Inc is located in San Diego, CA. The organization was established in 2005. According to its NTEE Classification (D05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Hubbs Florida Ocean Fund 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 06/2023, Hubbs Florida Ocean Fund Inc generated $395.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $395.2k during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 7 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, Hubbs Florida Ocean Fund Inc has awarded 16 individual grants totaling $2,964,265. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLLECT SCIENTIFIC DATA TO IMPLEMENT PROGRAMS FOR OBJECTIVE, COMMON-SENSE SCIENTIFIC SOLUTIONS TO COMPLEX MARINE AND COASTAL PROBLEMS FACING FLORIDA. CREATE RESEARCH AND EDUCATION PROGRAMS THAT CONTRIBUTE TO THE DEVELOPMENT AND DIVERSIFICATION OF FLORIDA'S KNOWLEDGE ECONOMY. RESEARCH THE ECONOMIC BENEFITS AND PUBLIC USE OF FLORIDA'S OCEAN, ESTUARY AND COASTAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE GIVEN TO ORGANIZATIONS TO INCREASE SCIENTIFIC UNDERSTANDING IN SUPPORT OF OCEAN, ESTUARINE AND COASTAL REGIONS IN FLORIDA. THE RESEARCH AND APPLIED KNOWLEDGE GAINED ARE DESIGNED TO ENHANCE CONSERVATION OF HABITATS AND ANIMALS IN THESE REGIONS WITHIN FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald B Kent Trustee | Trustee | 0.25 | $0 |
Wendy Noke Trustee | Trustee | 0.25 | $0 |
Jeff Eble Trustee | Trustee | 0.25 | $0 |
Chris Dold Trustee | Trustee | 0.25 | $0 |
Laurilee Thompson Trustee | Trustee | 0.25 | $0 |
Jerry Sansom Chairman | OfficerTrustee | 0.25 | $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 | $395,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,216 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| 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 | $395,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $395,216 |
| 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 | $0 |
| 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 | $0 |
| 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 | $395,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,827 |
| 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 | $41,827 |
| Accounts payable and accrued expenses | $39,710 |
| 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 | $39,710 |
| Net assets without donor restrictions | $2,117 |
| 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 | $41,827 |
Grants Awarded
Over the last fiscal year, Hubbs Florida Ocean Fund Inc has awarded $395,216 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FISH & WILDLIFE FDN OF FL PURPOSE: SCIENTIFIC STUDIES | $79,043 |
HUBBS-SEAWORLD RESEARCH PURPOSE: SCIENTIFIC RESEARCH | $316,173 |