Pacific Marine Research
- Assets
- $127.4k
- Revenue
- $43.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Seattle, WA
- Founding
- 01/1985
- Data as of
- 12/2020
- EIN
- 91-1271685
Organization Overview
Pacific Marine Research is located in Seattle, WA. The organization was established in 1985. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. As of 12/2020, Pacific Marine Research employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Marine Research 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 12/2020, Pacific Marine Research generated $43.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $95.3k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROMOTE RESPECT AND APPRECIATION FOR PUGET SOUND BY TEACHING PRINCIPLES OF ENVIRONMENTAL STEWARDSHIP AND INSPIRE OBSERVATION OF AND INVOLVEMENT WITH PUGET SOUND. THROUGH ITS MARINE SCIENCE AFLOAT PROGRAM, IT IS DEDICATED TO FURTHERING PEOPLE'S UNDERSTANDING OF AND CONNECTION TO PUGET SOUND AND ITS WATERSHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION EXCURSION CRUISES ON PUGET SOUND FOR ELEMENTARY SCHOOL STUDENTS TO EXPLORE AND STUDY MARINE LIFE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Maxwell President/executive Director | OfficerTrustee | 10 | $27,500 |
Sarah Mathisen Secretary/treasurer | Trustee | 6 | $0 |
Shelly Hall Vice President | Trustee | 4 | $0 |
David Todd Director | Trustee | 2 | $0 |
Kathryn Pizzo Director | Trustee | 3 | $0 |
Rose Donner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,848 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,195 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $43,195 |
| 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. | $27,500 |
| Compensation of current officers, directors, key employees. | $27,500 |
| Compensation to disqualified persons | $37,837 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $244 |
| Fees for services: Accounting | $7,715 |
| 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 | $2,851 |
| Information technology | $592 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $93 |
| 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 | $6,864 |
| All other expenses | $6,310 |
| Total functional expenses | $95,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,612 |
| Savings and temporary cash investments | $66,837 |
| 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 | $127,449 |
| Accounts payable and accrued expenses | $19,647 |
| 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 | $19,647 |
| Net assets without donor restrictions | $0 |
| 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 | $107,802 |
| Total liabilities and net assets/fund balances | $127,449 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pacific Marine Research has recieved totaling $15,091.
| Awarding Organization | Amount |
|---|---|
The Russell Family Foundation Gig Harbor, WA PURPOSE: MARINE SCIENCE REMOTE | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Straits Marine Conservation Foundation Bellingham, WA | $720,035 | $1,957,055 |
Foundation For Marine Ecology And Telemetry Research Seabeck, WA | $588,491 | $1,803,023 |
Bristol Bay Science & Research Institute Dillingham, AK | $1,477,988 | $1,262,079 |
Oceans Initiative Seattle, WA | $229,940 | $899,313 |
Pacific Shellfish Institute Olympia, WA | $212,140 | $930,129 |
Port Townsend Marine Science Society Fort Worden State Park Port Townsend, WA | $1,314,110 | $690,694 |
Center For Whale Research Friday Harbor, WA | $2,528,855 | $953,722 |
Octo Woodinville, WA | $92,478 | $299,552 |
Underwater Admiralty Sciences Puyallup, WA | $3,773 | $0 |
Pacific Marine Research Seattle, WA | $127,449 | $43,195 |
Meet The Ocean Portland, OR | $21,588 | $0 |