Skip to content
Nonprofiteer
← MARINE RESOURCES DEVELOPMENT FOUNDATION

Form 990 for tax year 2024

Filed by MARINE RESOURCES DEVELOPMENT FOUNDATION.

Totals

Total revenue
$6,747,764
Total expenses
$11,306,421
Contributions and grants received
$4,010,110
Grants paid
$0
Program service revenue
$2,684,452
Investment income
$14,371
Other revenue
$38,831
Total assets, end of year
$27,843,607
Total liabilities, end of year
$9,332,181
Net assets or fund balances, end of year
$18,511,426
Program services expenses (Part IX)
$2,192,502
Management and general expenses
$647,677
Fundraising expenses
$8,466,242
Program service expenses (Part III)
$2,192,502

Program services were 19.4% 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

    $4,010,110

  • 1g · Noncash contributions included above

    $3,818,587

  • 2a · Program service revenue: EDUCATIONAL PROGRAMS

    total $2,672,044 · related or exempt $2,672,044

  • 2f · All other program service revenue

    total $12,408 · related or exempt $12,408

  • 3 · Investment income

    total $14,371 · related or exempt $14,371

  • 6a · Gross rents

    real property $129,495

  • 6b · Less rental expenses

    real property $90,664

  • 6c · Rental income or loss

    real property $38,831

  • 6d · Net rental income or loss

    total $38,831 · excluded $38,831

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $169,674 · management and general $169,674

  • 7 · Other salaries and wages

    total $1,237,192 · program services $1,090,868 · management and general $81,616 · fundraising $64,708

  • 8 · Pension plan contributions

    total $26,112 · program services $16,547 · management and general $7,649 · fundraising $1,916

  • 9 · Other employee benefits

    total $88,426 · program services $61,202 · management and general $20,987 · fundraising $6,237

  • 10 · Payroll taxes

    total $108,865 · program services $84,541 · management and general $19,429 · fundraising $4,895

  • 11a · Fees: management

    total $41,872 · management and general $41,685 · fundraising $187

  • 11b · Fees: legal

    total $346 · management and general $346

  • 11c · Fees: accounting

    total $175 · management and general $175

  • 11g · Fees: other

    total $24,562 · program services $6,705 · management and general $2,124 · fundraising $15,733

  • 12 · Advertising and promotion

    total $19,729 · program services $790 · management and general $9,945 · fundraising $8,994

  • 13 · Office expenses

    total $31,322 · program services $19,112 · management and general $10,123 · fundraising $2,087

  • 14 · Information technology

    total $20,146 · program services $6,664 · management and general $12,573 · fundraising $909

  • 16 · Occupancy

    total $79,887 · program services $52,045 · management and general $27,842

  • 17 · Travel

    total $25,836 · program services $10,242 · management and general $12,715 · fundraising $2,879

  • 19 · Conferences, conventions and meetings

    total $4,996 · management and general $4,996

  • 20 · Interest

    total $135,431 · program services $87,151 · management and general $48,280

  • 22 · Depreciation, depletion and amortization

    total $7,610,737 · program services $16,283 · management and general $17,477 · fundraising $7,576,977

  • 23 · Insurance

    total $293,616 · program services $242,996 · management and general $50,495 · fundraising $125

  • 24a · Other expenses: DONATED BOAT EXPENSES

    total $777,475 · fundraising $777,475

  • 24b · Other expenses: MAINT. & REPAIRS PROGRA

    total $231,168 · program services $231,168

  • 24c · Other expenses: PROGRAM COSTS

    total $206,891 · program services $206,891

  • 24d · Other expenses: MAINT. & REPAIRS

    total $85,866 · program services $57,547 · management and general $28,319

  • 24e · All other expenses

    total $86,097 · program services $1,750 · management and general $81,227 · fundraising $3,120

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $499,177 · end of year $454,779

  • 2 · Savings and temporary cash investments

    beginning of year $99,701 · end of year $129,923

  • 4 · Accounts receivable

    beginning of year $15,293 · end of year $13,176

  • 8 · Inventories for sale or use

    beginning of year $28,735,330 · end of year $24,889,730

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

    $5,616,128

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

    $3,307,737

  • 10c · Land, buildings and equipment, net

    beginning of year $2,348,560 · end of year $2,308,391

  • 15 · Other assets

    beginning of year $42,166 · end of year $47,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,650 · end of year $78,286

  • 19 · Deferred revenue

    beginning of year $599,209 · end of year $560,011

  • 23 · Secured mortgages and notes payable

    beginning of year $7,859,478 · end of year $8,527,173

  • 25 · Other liabilities

    beginning of year $177,808 · end of year $166,711

  • 27 · Net assets without donor restrictions

    beginning of year $20,218,987 · end of year $15,649,454

  • 28 · Net assets with donor restrictions

    beginning of year $2,851,095 · end of year $2,861,972

Mission and programs · 2024

Mission

WE INSPIRE TODAY'S STUDENTS TO BECOME TOMORROW'S OCEAN PROTECTORS THROUGH ENGAGING, HANDS-ON ACTIVITIES, GUIDED FIELD TRIPS, VIRTUAL CLASSES, FREE LEARNING RESOURCES, AND PROFESSIONAL DEVELOPMENT WORKSHOPS. OUR MARINELAB UNDERSEA LABORATORY MUSEUM INVITES THE PUBLIC TO EXPERIENCE WHAT IT WAS LIKE TO LIVE AND WORK IN AN UNDERSEA RESEARCH STATION.

Activities or mission (Part I)

PROMOTING RESPONSIBLE & SUSTAINABLE USE OF MARINE RESOURCES THROUGH EDUCATION, RESEARCH,& COLLABORATION.

  • OUR PROGRAMS INTRODUCED 7,000 PEOPLE TO MARINE SCIENCE CONCEPTS THROUGH HANDS-ON LABS, DISCUSSION ACTIVITIES, CITIZEN SCIENCE PROJECTS, AND SNORKELING EXPLORATIONS BY BOAT. FOR MANY PARTICIPANTS, THIS IS THEIR FIRST EXPERIENCE OF THE OCEAN. OVER 100 TEACHERS, INCLUDING SEVERAL FROM CARIBBEAN NATIONS, PARTICIPATED IN SEVERAL PROFESSIONAL DEVELOPMENT WORKSHOPS. OUR CURRICULUM IS BASED ON PEER-REVIEWED SCIENCE. FIELD EXPERIENCES HAVE BEEN PROVEN TO INCREASE RETENTION OF KNOWLEDGE, PLUS THE STUDENTS ARE EXPERIENCING NATURE UNPLUGGED IN AN INCREASINGLY PLUGGED-IN WORLD. VIRTUAL EMARINELAB PROGRAMS INCLUDE INTERACTING WITH A LIVE MARINE SCIENCE INSTRUCTOR AND REACHED 1800 PARTICIPANTS IN 2023. FREE LEARNING RESOURCES ARE AVAILABLE FOR TEACHERS AND HOMESCHOOLING FAMILIES.

    Expenses $2,192,502 · Revenue $2,672,044

  • THE MARINELAB UNDERSEA LABORATORY HOSTED RESEARCH AND EDUCATIONAL PROGRAMS WHILE IT WAS SUBMERGED IN OUR LAGOON FROM 1985 - 2018. AFTER IT WAS REMOVED FROM THE WATER IN 2018, IT WAS RENOVATED AND TURNED INTO AN INTERACTIVE MUSEUM, DESIGNED TO PROVIDE AN EXPERIENCE THAT MIMICS THE FEELING OF BEING IN A WORKING UNDERSEA RESEARCH STATION.

  • MARINELAB CONDUCTS OUTREACH PROGRAMS THROUGH HOSTING EVENTS ON SITE, SUCH AS OUR MONTHLY FREE FAMILY DAYS, AND HAVING A PRESENCE AT LOCAL COMMUNITY EVENTS. THOUSANDS OF PEOPLE OF ALL AGES HAVE LEARNED SOMETHING NEW ABOUT THE OCEAN THIS YEAR.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bob Russell

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Tonya Koblick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ian Koblick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • David Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Neil Monney

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Craig Mullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kathleen McCue

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Shawn Tolley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Les Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ginette Hughes

    CEO

    Total calculated
    $84,761
    From this org
    $84,761
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sarah Egner

    OFFICER

    Total calculated
    $64,618
    From this org
    $64,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349309331

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.