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Nonprofiteer
← FARALLON INSTITUTE

Form 990 for tax year 2024

Filed by FARALLON INSTITUTE.

Totals

Total revenue
$1,419,388
Total expenses
$1,417,079
Contributions and grants received
$1,107,895
Grants paid
$113,380
Program service revenue
$310,884
Investment income
$609
Other revenue
$0
Total assets, end of year
$190,678
Total liabilities, end of year
$36,535
Net assets or fund balances, end of year
$154,143
Program services expenses (Part IX)
$1,190,799
Management and general expenses
$211,265
Fundraising expenses
$15,015
Program service expenses (Part III)
$1,190,799

Program services were 84.0% 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.

  • 1e · Government grants (contributions)

    $1,052,298

  • 1f · All other contributions, gifts and grants

    $55,597

  • 2a · Program service revenue: PROGRAM REVENUE

    total $310,884 · related or exempt $310,884

  • 3 · Investment income

    total $609 · excluded $609

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $113,380 · program services $113,380

  • 5 · Compensation of officers, directors and key employees

    total $257,885 · program services $172,252 · management and general $81,071 · fundraising $4,562

  • 7 · Other salaries and wages

    total $681,486 · program services $604,502 · management and general $70,598 · fundraising $6,386

  • 9 · Other employee benefits

    total $60,104 · program services $51,353 · management and general $8,288 · fundraising $463

  • 10 · Payroll taxes

    total $59,822 · program services $49,743 · management and general $9,365 · fundraising $714

  • 11c · Fees: accounting

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

  • 11g · Fees: other

    total $137,979 · program services $137,979

  • 12 · Advertising and promotion

    total $2,993 · program services $2,993

  • 13 · Office expenses

    total $12,874 · program services $11,240 · management and general $1,275 · fundraising $359

  • 16 · Occupancy

    total $28,381 · program services $23,738 · management and general $4,337 · fundraising $306

  • 17 · Travel

    total $23,994 · program services $21,606 · management and general $2,383 · fundraising $5

  • 18 · Travel or entertainment for public officials

    total $922 · program services $702 · management and general $220

  • 22 · Depreciation, depletion and amortization

    total $1,958 · management and general $1,958

  • 23 · Insurance

    total $3,420 · program services $923 · management and general $2,485 · fundraising $12

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $3,881 · program services $388 · management and general $1,285 · fundraising $2,208

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $116,226 · end of year $22,857

  • 2 · Savings and temporary cash investments

    beginning of year $13,924 · end of year $11,302

  • 4 · Accounts receivable

    beginning of year $122,766 · end of year $140,726

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,996 · end of year $13,621

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

    $27,538

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

    $26,396

  • 10c · Land, buildings and equipment, net

    beginning of year $3,100 · end of year $1,142

  • 15 · Other assets

    beginning of year $0 · end of year $1,030

  • 17 · Accounts payable and accrued expenses

    beginning of year $116,178 · end of year $36,535

  • 27 · Net assets without donor restrictions

    beginning of year $135,026 · end of year $149,143

  • 28 · Net assets with donor restrictions

    beginning of year $16,808 · end of year $5,000

Mission and programs · 2024

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, 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 $1,190,799 · Grants $113,380 · Revenue $310,884

As filed on the 2024 return.

Listed in Part VII

  • WILLIAM J SYDEMAN PHD

    PRESIDENT

    Total calculated
    $163,184
    From this org
    $145,950
    From related orgs
    $0
    Other
    $17,234
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,950
    Bonus
    $0
    Other
    $0
    Deferred
    $1,833
    Nontaxable benefits
    $15,401
    Filer's total
    $163,184

  • 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
    $94,702
    From this org
    $92,869
    From related orgs
    $0
    Other
    $1,833
    Hours/week
    32

  • MARISOL GARCIA REYES

    PRINCIPAL SCIENTIST

    Total calculated
    $114,613
    From this org
    $106,407
    From related orgs
    $0
    Other
    $8,206
    Hours/week
    40

  • TROND KRISTIANSEN

    PRINCIPAL SCIENTIST

    Total calculated
    $121,683
    From this org
    $119,850
    From related orgs
    $0
    Other
    $1,833
    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

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202522889349300622

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