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Nonprofiteer
← FARALLON INSTITUTE

Form 990 for tax year 2023

Filed by FARALLON INSTITUTE.

Totals

Total revenue
$2,100,575
Total expenses
$2,117,057
Contributions and grants received
$1,924,112
Grants paid
$416,081
Program service revenue
$175,423
Investment income
$1,040
Other revenue
$0
Total assets, end of year
$268,012
Total liabilities, end of year
$116,178
Net assets or fund balances, end of year
$151,834
Program services expenses (Part IX)
$1,849,589
Management and general expenses
$247,845
Fundraising expenses
$19,623
Program service expenses (Part III)
$1,849,589

Program services were 87.4% 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.

  • 1e · Government grants (contributions)

    $1,830,830

  • 1f · All other contributions, gifts and grants

    $93,282

  • 2a · Program service revenue: PROGRAM REVENUE

    total $175,423 · related or exempt $175,423

  • 3 · Investment income

    total $1,040 · excluded $1,040

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $416,081 · program services $416,081

  • 5 · Compensation of officers, directors and key employees

    total $294,160 · program services $191,953 · management and general $97,696 · fundraising $4,511

  • 7 · Other salaries and wages

    total $869,830 · program services $775,995 · management and general $81,551 · fundraising $12,284

  • 9 · Other employee benefits

    total $64,968 · program services $51,710 · management and general $12,715 · fundraising $543

  • 10 · Payroll taxes

    total $75,394 · program services $63,349 · management and general $10,949 · fundraising $1,096

  • 11c · Fees: accounting

    total $28,000 · management and general $28,000

  • 13 · Office expenses

    total $1,107 · program services $412 · management and general $688 · fundraising $7

  • 16 · Occupancy

    total $27,644 · program services $21,855 · management and general $5,427 · fundraising $362

  • 17 · Travel

    total $32,208 · program services $30,203 · management and general $1,960 · fundraising $45

  • 19 · Conferences, conventions and meetings

    total $3,417 · program services $2,462 · management and general $955

  • 22 · Depreciation, depletion and amortization

    total $1,957 · management and general $1,957

  • 23 · Insurance

    total $3,005 · program services $769 · management and general $2,223 · fundraising $13

  • 24a · Other expenses: CONTRACTORS FEES

    total $275,069 · program services $274,079 · management and general $990

  • 24b · Other expenses: SUPPLIES

    total $11,297 · program services $11,297

  • 24c · Other expenses: PRINTING & POSTAGE

    total $6,534 · program services $6,450 · management and general $84

  • 24d · Other expenses: UTILITIES

    total $2,877 · program services $2,315 · management and general $524 · fundraising $38

  • 24e · All other expenses

    total $3,509 · program services $659 · management and general $2,126 · fundraising $724

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,001 · end of year $116,226

  • 2 · Savings and temporary cash investments

    beginning of year $8,676 · end of year $13,924

  • 4 · Accounts receivable

    beginning of year $274,566 · end of year $122,766

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,958 · end of year $11,996

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

    $27,538

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

    $24,438

  • 10c · Land, buildings and equipment, net

    beginning of year $5,057 · end of year $3,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $166,688 · end of year $116,178

  • 19 · Deferred revenue

    beginning of year $2,254

  • 27 · Net assets without donor restrictions

    beginning of year $147,212 · end of year $135,026

  • 28 · Net assets with donor restrictions

    beginning of year $21,104 · end of year $16,808

Mission and programs · 2023

Mission

SCIENTIFIC RESEARCH ORGANIZATION DEDICATED TO THE UNDERSTANDING AND PRESERVATION OF HEALTHY MARINE ECOSYSTEMS.

  • CONDUCTED VARIOUS RESEARCH PROJECTS SUBJECT TO ECOLOGICAL CHANGES, SPECIFICALLY IN THE PACIFIC NORTHWEST. PROJECTS INCLUDED STUDIES ON MARINE BIRDS, PLANKTON IN THE GULF OF ALASKA, AND ANALYSIS OF ECOSYSTEMS INFORMATION IN SUPPORT OF THE NORTHERN CALIFORNIA COASTAL AREA. PROJECTS FUNDED BY FEDERAL, STATE AND LOCAL GOVERNMENTS, AND CHARITABLE FOUNDATION GRANTS. ALL RESULTS OF THE INSTITUTE'S PROJECTS ARE HELD IN THE PUBLIC DOMAIN FOR THE BENEFIT OF THE GENERAL PUBLIC.

    Expenses $1,849,589 · Grants $416,081 · Revenue $175,423

As filed on the 2023 return.

Listed in Part VII

  • William J Sydeman PhD

    PRESIDENT

    Total calculated
    $179,879
    From this org
    $163,818
    From related orgs
    $0
    Other
    $16,061
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,818
    Bonus
    $0
    Other
    $0
    Deferred
    $2,000
    Nontaxable benefits
    $14,061
    Filer's total
    $179,879

  • Hope Millholland

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Catherine Madonia

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alec D Maccall PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathan Mantua PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Dorman PhD

    EXECUTIVE DIRECTOR

    Total calculated
    $110,767
    From this org
    $108,767
    From related orgs
    $0
    Other
    $2,000
    Hours/week
    32

  • Chelle White PhD

    SENIOR SCIENTIST

    Total calculated
    $116,375
    From this org
    $116,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marisol Garcia Reyes

    PRINCIPAL SCIENTIST

    Total calculated
    $131,884
    From this org
    $124,038
    From related orgs
    $0
    Other
    $7,846
    Hours/week
    40

  • Trond Kristiansen

    PRINCIPAL SCIENTIST

    Total calculated
    $124,200
    From this org
    $122,200
    From related orgs
    $0
    Other
    $2,000
    Hours/week
    40

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 · Written employment contract
  • 3 · Compensation survey or study
  • 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

  • UNIVERSITY OF WASHINGTON

    $196,291

    RESEARCH: MULTI-SENSOR IMPROVED SEA SURFACE TEMPERATURE (SST)-CONTINUE GHRSST PARTNERSHIP AND IMPROVING ARCTIC DATA

  • UNIVERSITY OF COLORADO-BOULDER

    $95,321

    RESEARCH: MULTI-SENSOR IMPROVED SEA SURFACE TEMPERATURE (SST)-CONTINUE GHRSST PARTNERSHIP AND IMPROVING ARCTIC DATA

  • UNIVERSITY OF MIAMI OFFICE OF RESEARCH & ADMINISTRATION

    $84,457

    RESEARCH: MULTI-SENSOR IMPROVED SEA SURFACE TEMPERATURE (SST)-CONTINUE GHRSST PARTNERSHIP AND IMPROVING ARCTIC DATA

  • THE UNIVERSITY OF RHODE ISLAND OFFICEOF SPONSORED & COST ACCTG

    $40,012

    RESEARCH: MULTI-SENSOR IMPROVED SEA SURFACE TEMPERATURE (SST)-CONTINUE GHRSST PARTNERSHIP AND IMPROVING ARCTIC DATA

Provenance

Return type
form_990
Tax year
2023
Filed
16 April 2024
IRS schema version
2023v5.0
Source object
202401079349300925

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