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Nonprofiteer
← GULF OF MAINE LOBSTER FOUNDATION INC

Form 990 for tax year 2022

Filed by GULF OF MAINE LOBSTER FOUNDATION INC.

Totals

Total revenue
$540,400
Total expenses
$531,667
Contributions and grants received
$520,007
Grants paid
$0
Program service revenue
$20,393
Investment income
$0
Other revenue
$0
Total assets, end of year
$170,006
Total liabilities, end of year
$67,347
Net assets or fund balances, end of year
$102,659
Program services expenses (Part IX)
$447,438
Management and general expenses
$82,089
Fundraising expenses
$2,140
Program service expenses (Part III)
$447,438

Program services were 84.2% 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)

    $293,690

  • 1f · All other contributions, gifts and grants

    $226,317

  • 2a · Program service revenue: DRIFTER INCOME

    total $20,393 · related or exempt $20,393

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $77,036 · program services $53,925 · management and general $23,111

  • 7 · Other salaries and wages

    total $39,586 · program services $27,710 · management and general $11,876

  • 9 · Other employee benefits

    total $24,737 · program services $17,316 · management and general $7,421

  • 11g · Fees: other

    total $1,725 · management and general $1,725

  • 16 · Occupancy

    total $5,925 · management and general $5,925

  • 17 · Travel

    total $22,806 · program services $15,964 · management and general $6,842

  • 23 · Insurance

    total $2,423 · management and general $2,423

  • 24a · Other expenses: CONTRACTED SERVICES

    total $279,403 · program services $279,403

  • 24b · Other expenses: EQUIPMENT

    total $34,583 · program services $24,208 · management and general $10,375

  • 24c · Other expenses: SUPPLIES

    total $33,126 · program services $23,188 · management and general $9,938

  • 24d · Other expenses: TELEPHONE

    total $2,581 · program services $1,807 · management and general $774

  • 24e · All other expenses

    total $7,736 · program services $3,917 · management and general $1,679 · fundraising $2,140

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,725 · end of year $109,658

  • 4 · Accounts receivable

    beginning of year $59,941 · end of year $46,395

  • 8 · Inventories for sale or use

    beginning of year $6,769 · end of year $9,298

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,766 · end of year $4,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,035 · end of year $15,372

  • 19 · Deferred revenue

    beginning of year $44,240 · end of year $49,491

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,484

  • 27 · Net assets without donor restrictions

    beginning of year $93,926 · end of year $102,659

Mission and programs · 2022

Mission

TO ENGAGE IN AND FACILITATE COLLABORATIVE RESEARCH AND PROJECTS WITH LOBSTERMEN, SCIENTISTS, AGENCIES AND RESOURCE MANAGERS PROMOTING THE HEALTH AND SUSTAINABILITY OF THE AMERICAN LOBSTER FISHERY WITHIN THE GULF OF MAINE ECOSYSTEM.

  • TO GATHER AND DISSEMINATE LONG-TERM SCIENTIFIC DATA AND INFORMATION ON AMERICAN LOBSTER AND THE GULF OF MAINE ECOSYSTEM.

    Expenses $447,438 · Revenue $20,393

As filed on the 2022 return.

Listed in Part VII

  • Colby Davidson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bill Adler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marc Palombo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Steve Train

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • David Casoni

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Melissa Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Walter Crites

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jeff White

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jayson Hillman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Erin Pelletier

    EXECUTIVE DIRECTOR

    Total calculated
    $77,036
    From this org
    $77,036
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202342939349300404

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