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Nonprofiteer
← HUBBS FLORIDA OCEAN FUND INC

Form 990 for tax year 2023

Filed by HUBBS FLORIDA OCEAN FUND INC.

Totals

Total revenue
$371,036
Total expenses
$371,010
Contributions and grants received
$371,010
Grants paid
$371,010
Program service revenue
$0
Investment income
$26
Other revenue
$0
Total assets, end of year
$35,148
Total liabilities, end of year
$33,005
Net assets or fund balances, end of year
$2,143
Program services expenses (Part IX)
$371,010
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$371,010

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $371,010

  • 3 · Investment income

    total $26 · excluded $26

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $371,010 · program services $371,010

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,827 · end of year $35,148

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,710 · end of year $33,005

  • 27 · Net assets without donor restrictions

    beginning of year $2,117 · end of year $2,143

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $371,010 · Grants $371,010

As filed on the 2023 return.

Listed in Part VII

  • Donald B Kent

    Trustee

    Total calculated
    $245,228
    From this org
    $0
    From related orgs
    $219,937
    Other
    $25,291
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $219,937 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $9,083 related
    Nontaxable benefits
    not reported + $16,208 related
    Filer's total
    not reported + $245,228 related
  • Wendy Noke

    Trustee

    Total calculated
    $64,288
    From this org
    $0
    From related orgs
    $64,288
    Other
    $0
    Hours/week
    0.25 + 40 related
  • Jeff Eble

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 40 related
  • Chris Dold

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related
  • Laurilee Thompson

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related
  • Jerry Sansom

    Chairman

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PACIFIC OCEAN FRESH

    C CORP · MARINE RESEARCH · CA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521349349310452

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