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Nonprofiteer
← THE PERRY INSTITUTE FOR MARINE SCIENCE INC

Form 990 for tax year 2024

Filed by THE PERRY INSTITUTE FOR MARINE SCIENCE INC.

Totals

Total revenue
$3,540,520
Total expenses
$3,499,586
Contributions and grants received
$3,371,986
Grants paid
$127,021
Program service revenue
$168,534
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,691,672
Total liabilities, end of year
$1,195,158
Net assets or fund balances, end of year
$496,514
Program services expenses (Part IX)
$3,061,869
Management and general expenses
$392,116
Fundraising expenses
$45,601
Program service expenses (Part III)
$3,061,869

Program services were 87.5% 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

    $3,371,986

  • 2a · Program service revenue: CONTRACTED SERVICES

    total $167,728 · related or exempt $167,728

  • 2b · Program service revenue: MERCHANDISE SALES

    total $736 · excluded $736

  • 2c · Program service revenue: CREDIT CARD REWARDS

    total $70 · excluded $70

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $127,021 · program services $127,021

  • 5 · Compensation of officers, directors and key employees

    total $175,779 · program services $158,201 · management and general $17,578

  • 7 · Other salaries and wages

    total $198,560 · program services $183,248 · management and general $15,312

  • 8 · Pension plan contributions

    total $11,112 · program services $6,320 · management and general $4,792

  • 9 · Other employee benefits

    total $36,310 · program services $32,679 · management and general $3,631

  • 10 · Payroll taxes

    total $27,301 · program services $25,335 · management and general $1,966

  • 11c · Fees: accounting

    total $79,380 · management and general $79,380

  • 11g · Fees: other

    total $2,018,547 · program services $1,827,241 · management and general $177,099 · fundraising $14,207

  • 12 · Advertising and promotion

    total $15,977 · fundraising $15,977

  • 13 · Office expenses

    total $19,087 · program services $3,176 · management and general $15,479 · fundraising $432

  • 14 · Information technology

    total $4,607 · management and general $4,607

  • 16 · Occupancy

    total $39,614 · program services $8,530 · management and general $31,084

  • 17 · Travel

    total $241,507 · program services $237,987 · fundraising $3,520

  • 19 · Conferences, conventions and meetings

    total $18,061 · program services $17,861 · fundraising $200

  • 22 · Depreciation, depletion and amortization

    total $44,403 · program services $44,403

  • 23 · Insurance

    total $20,417 · program services $20,417

  • 24a · Other expenses: RESEARCH SUPPLIES

    total $109,352 · program services $109,352

  • 24b · Other expenses: RENTAL/CHARTER

    total $83,235 · program services $83,079 · fundraising $156

  • 24c · Other expenses: BOAT MAINTENANCE

    total $70,531 · program services $70,531

  • 24d · Other expenses: SOFTWARE FEES

    total $43,698 · management and general $32,589 · fundraising $11,109

  • 24e · All other expenses

    total $115,087 · program services $106,488 · management and general $8,599

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,408,273 · end of year $893,416

  • 3 · Pledges and grants receivable

    beginning of year $284,360 · end of year $172,532

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,005 · end of year $7,967

  • 10a · Land, buildings and equipment: cost or other basis

    $233,845

  • 10b · Land, buildings and equipment: accumulated depreciation

    $169,006

  • 10c · Land, buildings and equipment, net

    beginning of year $99,243 · end of year $64,839

  • 15 · Other assets

    beginning of year $227,840 · end of year $552,918

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,121 · end of year $1,284

  • 19 · Deferred revenue

    beginning of year $1,549,142 · end of year $1,182,246

  • 25 · Other liabilities

    beginning of year $11,800 · end of year $11,628

  • 27 · Net assets without donor restrictions

    beginning of year $422,658 · end of year $496,514

Mission and programs · 2024

Mission

OUR MISSION IS TO CONDUCT AND SUPPORT INNOVATIVE RESEARCH, CONSERVATION AND EDUCATION THAT RESULTS IN EFFECTIVE STEWARDSHIP OF OUR OCEANS.

  • CORAL RESTORATION: THE PROGRAM IS AIMED AT RESTORING POPULATIONS OF CRITICALLY ENDANGERED CORAL SPECIES IN THE WIDER CARRIBEAN REGION AND CONDUCTING RESEARCH TO ADVANCE THE SCIENCE OF CORAL RESTORATION. THE INSTITUTE IS ASSESSING CORAL REEF HEALTH THROUGHOUT THE BAHAMAS TO IDENTIFY KEY THREATS TO CORAL REEF HEALTH AND TO PROVIDE SCIENTIFIC SUPPORT FOR THE PLANNING, MANAGEMENT AND EVALUATION OF THE EFFICACY OF MARINE PROTECTED AREAS. THIS PROGRAM ALSO AIMS TO BUILD CAPACITY FOR CONDUCTING CORAL REEF HEALTH ASSESSMENTS BY HOSTING TRAINING WORKSHOPS AND EDUCATING THE GENERAL PUBLIC THROUGH VARIOUS MEDIA.

    Expenses $2,194,381 · Grants $45,000 · Revenue $2,285,864

  • IMPROVED FISHERIES MANAGEMENT: THE INSTITUTE IS CONDUCTING RESEARCH AIMED AT IMPROVING THE MANAGEMENT OF BOTH TRADITIONAL BAHAMIAN FISHERIES (NASSAU GROUPER, QUEEN CONCH) AND EMERGING FISHERIES SUCH AS PARROTFISH, AND BIOPROSPECTING FOR NATURAL PRODUCTS DERIVED FROM SPONGES, SEA FANS AND OTHER ORGANISMS. THIS RESEARCH IS AIMED AT PROMOTING SUSTAINABLE HARVESTS THAT PRESERVE THE VIABILITY OF HARVESTED STOCKS AND PROMOTE ECOSYSTEM HEALTH. WE ARE ALSO ENGAGING LOCAL COMMUNITIES TO PROMOTE COMPLAINCE WITH FISHERIES REGULATIONS AND OTHER BEST PRACTICES TO MINIMIZE IMPACTS OF FISHING TO ECOSYSTEMS.

    Expenses $212,931 · Revenue $241,275

  • MANGROVE RESTORATION: MANGROVE RESTORATION INVOLVES REHABILITATING AND REESTABLISHING DEGRADED OR DESTROYED ECOSYSTEMS. OUR APPROACH INCLUDES A RANGE OF TECHNIQUES TAILORED TO SPECIFIC ENVIRONMENTAL CONDITIONS AND BIOLOGICAL INTERACTIONS WITHIN MANGROVE ECOSYSTEMS E.G. PLANTING AND PROPAGULE DISPERSAL, HYDROLOGICAL (BLOCKED CREEK) RESTORATION, AND GREEN INFRASTRUCTURE.

    Expenses $629,557 · Grants $82,021 · Revenue $988,381

  • COMMUNITY CONSERVATION EDUCATION AND ACTION PROGRAM PROVIDES, EDUCATION, OUTREACH AND COMMUNITY ENGAGEMENT PROGRAMS THAT COMPLIMENT THE INSTITUTES RESEARCH PROGRAMS. THIS PROGRAM IS AIMED AT DEVELOPING CONSERVATION LEADERS AND PROMOTING CONSERVATION ACTIONS THROUGH TARGETED COMMUNICATIONS, TRAINING PROGRAMS TO BUILD CONSERVATION CAPACITY IN THE BAHAMAS, AND WORKING DIRECTLY WITH STAKEHOLDERS LIKE FISHERS AND DIVERS TO PROMOTE POSITIVE PRACTICES THAT PROMOTE HEALTHY MARINE ECOSYSTEMS.

    Expenses $25,000 · Revenue $25,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Craig Dahlgren

    EXECUTIVE DI

    Total calculated
    $175,779
    From this org
    $175,779
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,779
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $175,779

  • Lynn Gape

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Mark Grosby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • David Knight

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Dr John Marr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Livingston Marshall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Roger McManus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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

No itemized grants to organizations 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.

  • BAHAMAS UNDERSEA RESEARCH FOUNDATIO BAHAMAS UNDERSEA RESEARCH FOUNDAT

    RESEARCH · BF · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
20 October 2025
IRS schema version
2024v5.0
Source object
202542939349301479

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