Totals
- Total revenue
- $1,191,396
- Total expenses
- $1,159,352
- Contributions and grants received
- $0
- Grants paid
- $0
- Program services expenses (Part IX)
- $1,032,510
- Management and general expenses
- $126,842
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,032,510
Program services were 89.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
CHARISSA KERR
TREASURER
- Total calculated
- $164,106
- From this org
- $0
- From related orgs
- $154,696
- Other
- $9,410
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $141,060 related
- Bonus
- $0 + $13,498 related
- Other
- $0 + $138 related
- Deferred
- $0 + $6,660 related
- Nontaxable benefits
- $0 + $2,750 related
- Filer's total
- $0 + $164,106 related
-
CHARLES E MILLER ESQ
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
TOM HANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID LAWRENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TONY MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DONALD W PERKINS JR
PRESIDENT
- Total calculated
- $897,390
- From this org
- $0
- From related orgs
- $688,571
- Other
- $208,819
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $347,684 related
- Bonus
- $0 + $230,492 related
- Other
- $0 + $110,395 related
- Deferred
- $0 + $198,487 related
- Nontaxable benefits
- $0 + $10,332 related
- Filer's total
- $0 + $897,390 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 — 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION'S PRESIDENT IS GMRI'S PRESIDENT. WHEN NEGOTIATING THE PRESIDENT'S COMPENSATION, GMRI HAS USED A BOARD CEO COMPENSATION COMMITTEE, ADVICE FROM INDEPENDENT COMPENSATION CONSULTANTS REGARDING THE CEO COMPENSATION MARKET, INFORMATION FROM PEER ORGANIZATION 990S, AND A WRITTEN EMPLOYMENT AGREEMENT APPROVED BY GMRI'S BOARD OF DIRECTORS.
- PART I, LINE 4B
- DONALD PERKINS PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN UNDER SECTIONS 409 AND 457 OF THE INTERNAL REVENUE CODE WITH A TOTAL MAXIMUM OBLIGATION OF $800,000. ACCRUAL OF FUNDING FOR THIS PLAN BEGAN IN 2016 AS PART OF A FIVE-YEAR EMPLOYMENT CONTRACT. QUARTERLY PAYMENTS STARTED IN 2021 FOLLOWING COMPLETION OF THE EXECUTIVE'S FIVE-YEAR EMPLOYMENT COMMITMENT. FUNDING OF THIS PLAN WAS EXTENDED TO 2023 DUE TO THE EXECUTIVE'S AGREEMENT TO EXTEND HIS EMPLOYMENT THROUGH DECEMBER 2023.
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.
-
GULF OF MAINE RESEARCH INSTITUTE
501(C)(3) · SEE PART VII · ME
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400609349301320
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