Form 990 for tax year 2022
Filed by HUBBS SEA WORLD RESEARCH INSTITUTE.
Totals
- Total revenue
- $5,374,614
- Total expenses
- $5,019,328
- Contributions and grants received
- $5,144,155
- Grants paid
- $0
- Program service revenue
- $189,368
- Investment income
- $23,247
- Other revenue
- $17,844
- Total assets, end of year
- $8,546,563
- Total liabilities, end of year
- $919,123
- Net assets or fund balances, end of year
- $7,627,440
- Program services expenses (Part IX)
- $3,721,770
- Management and general expenses
- $1,053,757
- Fundraising expenses
- $243,801
- Program service expenses (Part III)
- $3,721,770
Program services were 74.1% 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.
-
1d · Related organizations
$316,173
-
1e · Government grants (contributions)
$2,024,659
-
1f · All other contributions, gifts and grants
$2,803,323
-
2a · Program service revenue: MISCELLANEOUS INCOME
total $22,244 · excluded $22,244
-
2b · Program service revenue: PROGRAM SERVICE INCOME
total $167,124 · related or exempt $167,124
-
3 · Investment income
total $23,247 · excluded $23,247
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $17,844
-
6c · Rental income or loss
real property $17,844
-
6d · Net rental income or loss
total $17,844 · excluded $17,844
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $642,557 · program services $102,069 · management and general $540,488
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,941,193 · program services $1,343,105 · management and general $464,737 · fundraising $133,351
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $572,319 · program services $522,111 · management and general -$1,799 · fundraising $52,007
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $205,392 · program services $88,168 · management and general $117,224
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $353,625 · program services $244,257 · management and general $109,368
-
17 · Travel
total $67,001 · program services $42,894 · management and general $21,938 · fundraising $2,169
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $4,250 · fundraising $4,250
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $355,471 · program services $93,265 · management and general $262,206
-
23 · Insurance
total $0
-
24a · Other expenses: SUPPLIES
total $602,425 · program services $468,039 · management and general $86,217 · fundraising $48,169
-
24b · Other expenses: BUSINESS EXPENSES
total $158,594 · program services $8,511 · management and general $147,458 · fundraising $2,625
-
24c · Other expenses: EQUIPMENT
total $116,501 · program services $62,271 · management and general $53,000 · fundraising $1,230
-
24d · Other expenses: ALLOCATED EXPENSES
total $0 · program services $747,080 · management and general -$747,080
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $377,444 · end of year $298,983
-
2 · Savings and temporary cash investments
beginning of year $315,109 · end of year $729,547
-
3 · Pledges and grants receivable
beginning of year $1,126,527 · end of year $551,454
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,256,024 · end of year $1,257,849
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $31,951 · end of year $21,226
-
10a · Land, buildings and equipment: cost or other basis
$8,535,229
-
10b · Land, buildings and equipment: accumulated depreciation
$6,511,070
-
10c · Land, buildings and equipment, net
beginning of year $2,098,273 · end of year $2,024,159
-
11 · Investments: publicly traded securities
beginning of year $266,308 · end of year $990,122
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,644,887 · end of year $2,673,223
-
17 · Accounts payable and accrued expenses
beginning of year $268,480 · end of year $294,801
-
19 · Deferred revenue
end of year $20,000
-
23 · Secured mortgages and notes payable
beginning of year $42,610 · end of year $34,637
-
24 · Unsecured notes and loans payable
beginning of year $518,391 · end of year $511,139
-
25 · Other liabilities
beginning of year $30,023 · end of year $58,546
-
27 · Net assets without donor restrictions
beginning of year $3,611,557 · end of year $3,040,083
-
28 · Net assets with donor restrictions
beginning of year $3,645,462 · end of year $4,587,357
Mission and programs · 2022
Mission
Hubbs-SeaWorld Research Institute (the Institute) was organized pursuant to the General Nonprofit Corporation Law of the State of California. The primary purpose for which the Institute was formed is to conduct biological, environmental, and other general scientific studies, and to engage in the development of the technologies which will enhance public awareness and mankinds dedication to the public service responsibility in both the public and private sector.
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SUSTAINABLE SEAFOOD Conducted scientific research on 26 sustainable seafood projects, feeding a hungry world and restoring depleted fish populations. Aquaculture is a practical solution to renewing regional fish stocks, producing domestic supplies of sustainable seafood, and reducing the need for fresh water to produce terrestrial animal protein as a food source.This year, the white seabass hatchery program (OREHP) continued refining and evaluating our collaborative research with the South Carolina Department of Natural Resources on the use of genetic markers to identify hatchery-reared fish from wild stocks. Much effort was spent working with the OREHP Science Advisory Committee to identify research priorities for the program and next steps for using genetic techniques to evaluate enhancement efforts. This effort included collecting additional heads from commercial and recreational fishers to obtain new genetic samples and identify coded wire tags using both traditional sensors as well as X-ray imaging. Follow-on funding from the Saltonstall-Kennedy program has been awarded and includes work to develop a fin-clip genetic sample collection feasibility program. Research on yellowtail and halibut continued this year, supported by various grants and private contributions. Yellowtail research continues to focus on maximizing the quality and quantity of produced fish, focusing on new self-cleaning tank system development, larval nutrition, swim bladder inflation, and development of sustainable feed formulations. Ongoing halibut research remains focused on the effects of stressors, like water temperature, on sex determination in young halibut. New genetic marker tools are being developed to assist in identifying sex at earlier life stages, as well as pigmentation anomalies. In addition, recently published work highlighted the importance of release-strategy variables in marine stock enhancement, such as fish size, number, and sex, using halibut as an example species. These interconnected factors were shown to influence post-release survival. For example, rearing larger fish may raise costs and reduce the number released. The research also suggests that if culture protocols disproportionally favor one sex, it could alter the wild-sex ratio. Understanding these variables is crucial for hatchery design and future stock enhancement efforts.HSWRIs research on Integrated Multi-Trophic Aquaculture (IMTA) continued to expand this year and successfully incorporated additional invertebrate and macroalgae species into recirculating and flow-through systems at both our Mission Bay and Carlsbad laboratories. We worked with commercial fishers to source sea cucumbers, sea urchins, and Pacific calico scallops and tested the efficacy of solid waste removal from finfish effluent water. Additionally, new infrastructure and systems were developed to support growing and maintaining stock cultures of microalgae and macroalgae that were found to effectively absorb some dissolved nutrients in fish effluent water, as well as provide a food source for feeding larval sea urchins and scallops. Much effort was spent refining life support and culture techniques for these new species to provide an ongoing supply of these species for future research, with ongoing support funded by the Saltonstall-Kennedy Program.
Expenses $3,051,980 · Revenue $189,369
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $325,516
-
EDUCATION AND OUTREACHConducted scientific research on 4 grant-funded education and outreach projects, inspiring a love for science. We are committed to creating future citizen advocates for ocean health and marine life by advancing public appreciation for scientific discovery. HSWRI scientists work with students at all levels, committed to a K to Gray lifelong learning approach to inspiring all citizens to be ocean stewards with an appreciation for scientific discovery, targeting Title 1 schools for outreach and presentations. Seabass in the Classroom (SITC) continued this year with 13 schools across San Diego, Los Angeles, and Orange counties participating in the raising and releasing of white seabass. Additional schools are in the process of joining SITC for the spring of 2024. During the past year, we developed plans to hire an Education and Outreach Manager committed to growing this program, in particular by working to bring these systems to Title 1 and minority-serving school districts that often lack robust STEM education programs. Further, we continued our work to inspire hands-on and experiential learning and career development opportunities, with more than 500 students visiting the Carlsbad hatchery and Mission Bay facilities for educational tours and career chats with scientists.The Institute has long worked to increase the involvement of traditionally under-represented groups in STEM (Science, Technology, Engineering, Math) careers. The effort expanded this year and included our Diversity, Equity, and Inclusion Committee at HSWRI to highlight our commitment to a diverse, equitable, and inclusive work environment. In addition, effort was made to formalize paid internship opportunities for college-age students over the summer to provide them with invaluable hands-on experience working alongside our researchers. The Institute pledges to provide equal opportunities for employment, volunteering, representation, and advancement in all areas of our work.
Expenses $130,001
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Donald B KentDONALD B KENT
President
- Total calculated
- $232,544
- From this org
- $206,808
- From related orgs
- $0
- Other
- $25,736
- Hours/week
- 40 + 0.25 related
Schedule J breakdown matched by us
- Base
- $206,808
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,817
- Nontaxable benefits
- $15,919
- Filer's total
- $232,544
-
Mark DrawbridgeMARK DRAWBRIDGE
SR. SCIENTIST
- Total calculated
- $176,420
- From this org
- $150,014
- From related orgs
- $0
- Other
- $26,406
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,014
- Bonus
- not reported
- Other
- not reported
- Deferred
- $7,375
- Nontaxable benefits
- $19,031
- Filer's total
- $176,420
-
Bethany J SmithBETHANY J SMITH
CFO/SECRETARY
- Total calculated
- $134,981
- From this org
- $113,967
- From related orgs
- $0
- Other
- $21,014
- Hours/week
- 40 + 0.25 related
-
Danielle HaulseeDANIELLE HAULSEE
CSO
- Total calculated
- $26,443
- From this org
- $26,443
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jerry SansomJERRY SANSOM
Trustee
- Total calculated
- $0
- Hours/week
- 0.5 + 0.25 related
-
Paul FruchbornPAUL FRUCHBORN
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Dan PittardDAN PITTARD
Former Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris DoldCHRIS DOLD
Trustee
- Total calculated
- $0
- Hours/week
- 0.5 + 0.25 related
-
Ermelinda Ruiz MorettiERMELINDA RUIZ MORETTI
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Reese JarrettREESE JARRETT
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Julee JenkinsJULEE JENKINS
Former Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert WeinerROBERT WEINER
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael KingMICHAEL KING
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Louis ZimmLOUIS ZIMM
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim LakeJIM LAKE
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert FletcherROBERT FLETCHER
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura MacKinnonLAURA MACKINNON
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Murray HutchisonMURRAY HUTCHISON
FORMER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Sharon VidalSHARON VIDAL
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bill SheddBILL SHEDD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John MorrellJOHN MORRELL
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
David GardnerDAVID GARDNER
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Laurilee ThompsonLAURILEE THOMPSON
Trustee
- Total calculated
- $0
- Hours/week
- 0.5 + 0.25 related
-
Nick SanzoneNICK SANZONE
Trustee
- Total calculated
- $0
- Hours/week
- 40
-
Ian StewartIAN STEWART
Trustee
- Total calculated
- $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. 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 · Compensation committee
- 3 · Form 990 of other organizations
- 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
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.
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501(C)(3) · FUNDRAISING · FL · controlled entity
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
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PACIFIC OCEAN FRESH
C CORP · MARINE RESEARCH · CA · 100% owned · share of assets $3,637,355 · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430269349300523
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