Skip to content
Nonprofiteer
← THE PERRY INSTITUTE FOR MARINE SCIENCE INC

Form 990 for tax year 2023

Filed by THE PERRY INSTITUTE FOR MARINE SCIENCE INC.

Totals

Total revenue
$2,744,471
Total expenses
$2,767,947
Contributions and grants received
$2,629,983
Grants paid
$251,967
Program service revenue
$114,488
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,038,721
Total liabilities, end of year
$1,616,063
Net assets or fund balances, end of year
$422,658
Program services expenses (Part IX)
$2,354,439
Management and general expenses
$268,391
Fundraising expenses
$145,117
Program service expenses (Part III)
$2,354,439

Program services were 85.1% 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.

  • 1b · Membership dues

    $2,621

  • 1d · Related organizations

    $4,029

  • 1e · Government grants (contributions)

    $31,821

  • 1f · All other contributions, gifts and grants

    $2,591,512

  • 2a · Program service revenue: CONTRACTED SERVICES

    total $113,936 · related or exempt $113,936

  • 2b · Program service revenue: MERCHANDISE SALES

    total $552 · excluded $552

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $251,967 · program services $251,967

  • 5 · Compensation of officers, directors and key employees

    total $164,216 · program services $148,549 · management and general $15,667

  • 7 · Other salaries and wages

    total $178,815 · program services $112,370 · management and general $3,552 · fundraising $62,893

  • 8 · Pension plan contributions

    total $12,484 · program services $9,342 · management and general $627 · fundraising $2,515

  • 9 · Other employee benefits

    total $75,098 · program services $63,128 · management and general $1,998 · fundraising $9,972

  • 10 · Payroll taxes

    total $25,664 · program services $17,808 · management and general $1,567 · fundraising $6,289

  • 11b · Fees: legal

    total $2,908 · management and general $2,908

  • 11c · Fees: accounting

    total $51,395 · management and general $51,395

  • 11g · Fees: other

    total $1,196,949 · program services $1,039,348 · management and general $97,601 · fundraising $60,000

  • 12 · Advertising and promotion

    total $15,239 · management and general $15,239

  • 13 · Office expenses

    total $13,917 · program services $8,860 · management and general $4,802 · fundraising $255

  • 14 · Information technology

    total $12,452 · management and general $12,452

  • 16 · Occupancy

    total $23,300 · program services $5,400 · management and general $17,900

  • 17 · Travel

    total $189,772 · program services $189,167 · fundraising $605

  • 19 · Conferences, conventions and meetings

    total $15,482 · program services $15,482

  • 22 · Depreciation, depletion and amortization

    total $43,671 · program services $43,671

  • 23 · Insurance

    total $22,212 · program services $22,212

  • 24a · Other expenses: RESEARCH SUPPLIES

    total $159,634 · program services $159,634

  • 24b · Other expenses: BOAT MAINTENANCE

    total $84,648 · program services $84,648

  • 24c · Other expenses: RENTAL/CHARTER

    total $83,610 · program services $83,410 · fundraising $200

  • 24d · Other expenses: TRAINING

    total $43,752 · program services $43,752

  • 24e · All other expenses

    total $100,762 · program services $55,691 · management and general $42,683 · fundraising $2,388

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,646,500 · end of year $1,408,273

  • 3 · Pledges and grants receivable

    beginning of year $150,135 · end of year $284,360

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,326 · end of year $19,005

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

    $223,845

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

    $124,602

  • 10c · Land, buildings and equipment, net

    beginning of year $136,923 · end of year $99,243

  • 15 · Other assets

    end of year $227,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,247 · end of year $55,121

  • 19 · Deferred revenue

    beginning of year $1,445,874 · end of year $1,549,142

  • 25 · Other liabilities

    beginning of year $33,629 · end of year $11,800

  • 27 · Net assets without donor restrictions

    beginning of year $446,134 · end of year $422,658

Mission and programs · 2023

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 $1,404,756 · Grants $221,967 · Revenue $1,540,759

  • 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 $167,253 · Revenue $167,253

  • 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 $441,360 · Grants $30,000 · Revenue $421,164

  • 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 $341,070 · Revenue $341,070

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Craig Dahlgren

    EXECUTIVE DI

    Total calculated
    $185,105
    From this org
    $164,216
    From related orgs
    $0
    Other
    $20,889
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,216
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,889
    Nontaxable benefits
    not reported
    Filer's total
    $185,105

  • 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

  • 3 · Approval by the board or compensation committee

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
2023
Filed
5 October 2025
IRS schema version
2023v6.0
Source object
202512799349300236

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.