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Nonprofiteer
← MOTE MARINE FOUNDATION INC

Form 990 for tax year 2022

Filed by MOTE MARINE FOUNDATION INC.

Totals

Total revenue
$569,929
Total expenses
$507,529
Contributions and grants received
$1,607
Grants paid
$436,785
Program service revenue
$0
Investment income
$568,322
Other revenue
$0
Total assets, end of year
$19,043,985
Total liabilities, end of year
$454,441
Net assets or fund balances, end of year
$18,589,544
Program services expenses (Part IX)
$436,785
Management and general expenses
$70,744
Fundraising expenses
$0
Program service expenses (Part III)
$436,785

Program services were 86.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,607

  • 3 · Investment income

    total $491,530 · excluded $491,530

  • 7a · Gross sales of assets other than inventory

    securities $1,493,710

  • 7b · Less cost or other basis and sales expenses

    securities $1,416,918

  • 7c · Gain or loss

    securities $76,792

  • 7d · Net gain or loss

    total $76,792 · excluded $76,792

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $436,785 · program services $436,785

  • 5 · Compensation of officers, directors and key employees

    total $5,000 · management and general $5,000

  • 11c · Fees: accounting

    total $14,820 · management and general $14,820

  • 11f · Fees: investment management

    total $50,480 · management and general $50,480

  • 24a · Other expenses: REAL ESTATE TAXES

    total $444 · management and general $444

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $323,851 · end of year $234,429

  • 4 · Accounts receivable

    beginning of year $13,399 · end of year $13,399

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

    $16,181

  • 10c · Land, buildings and equipment, net

    beginning of year $16,181 · end of year $16,181

  • 11 · Investments: publicly traded securities

    beginning of year $16,601,585 · end of year $18,779,976

  • 12 · Investments: other securities

    beginning of year $667 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,000 · end of year $4,320

  • 25 · Other liabilities

    beginning of year $470,049 · end of year $450,121

  • 27 · Net assets without donor restrictions

    beginning of year $540,677 · end of year $719,642

  • 28 · Net assets with donor restrictions

    beginning of year $15,940,957 · end of year $17,869,902

Mission and programs · 2022

Mission

MOTE MARINE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION OPERATING AS A FUND-RAISING ARM TO PROVIDE FUNDING FOR SCIENTIFIC AND EDUCATION PROGRAMS AT MOTE MARINE LABORATORY, INC.

  • GRANTS TO SUPPORT SCIENTIFIC AND EDUCATION PROGRAMS AT MOTE MARINE LABORATORY, INC.

    Expenses $436,785 · Grants $436,785

As filed on the 2022 return.

Listed in Part VII

  • ARTHUR ARMITAGE

    CHAIRMAN EMERITUS DEC. MARCH 23

    Total calculated
    $0
    Hours/week
    0.25

  • EUGENE BECKSTEIN

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    0.25

  • SCOTT COLLINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • MO CUNNIFFE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • DON FEATHERMAN

    TRUSTEE/ADVISORY COUNSEL

    Total calculated
    $0
    Hours/week
    0.25

  • JUDY GRAHAM

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    0.25

  • JEAN MARTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • ALAN ROSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • SKIP SWAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • ROBERT ESSNER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • HOWARD SEIDER JR

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • DR MICHAEL P CROSBY PHD

    PRESIDENT/CEO

    Total calculated
    $439,909
    From this org
    $0
    From related orgs
    $415,091
    Other
    $24,818
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $370,091 related
    Bonus
    $0 + $45,000 related
    Other
    $0
    Deferred
    $0 + $24,818 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $439,909 related

  • DEBORAH ALLEN SCHULTZ

    SECRETARY/TREASURER

    Total calculated
    $140,612
    From this org
    $5,000
    From related orgs
    $130,197
    Other
    $5,415
    Hours/week
    5

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

None.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202442289349302819

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