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Nonprofiteer
← GULF OF MAINE RESEARCH INSTITUTE

Form 990 for tax year 2024

Filed by GULF OF MAINE RESEARCH INSTITUTE.

Totals

Total revenue
$23,325,937
Total expenses
$19,359,497
Contributions and grants received
$21,021,414
Grants paid
$0
Program services expenses (Part IX)
$13,139,939
Management and general expenses
$4,849,772
Fundraising expenses
$1,369,786
Program service expenses (Part III)
$13,139,939

Program services were 67.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL BONNEY

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • DENISE DESCHENES

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LISA HOOK

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PAT PANAIA

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • GEORGE BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAWNY ALVAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER BRYANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DICK CURRAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JILL DUSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAY ESPY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEAN GULLIVER

    DIRECTOR (THRU

    Total calculated
    $0
    Hours/week
    1

  • ERIC HALEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REBECCA HATFIELD

    DIRECTOR (THRU

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LUKE HOLDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARGARET HONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC KOLBEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R SCOTT MAHONEY

    DIRECTOR (THRU

    Total calculated
    $0
    Hours/week
    1

  • RICHARD MERRICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TONY MCDONALD

    DIRECTOR (THRU

    Total calculated
    $0
    Hours/week
    1

  • STEVEN MURAWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PENNY NOYCE

    DIRECTOR (THRU

    Total calculated
    $0
    Hours/week
    1

  • ANNE OLIVIERO

    DIRECTOR (THRU

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW O'REILLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CECILY PINGREE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANK SIMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JULIA TROTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ABIGAL WARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARISSA KERR

    CHIEF FINANCIAL OFFICER

    Total calculated
    $190,315
    From this org
    $180,020
    From related orgs
    $0
    Other
    $10,295
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $179,882
    Bonus
    $0
    Other
    $138
    Deferred
    $10,165
    Nontaxable benefits
    $130
    Filer's total
    $190,315

  • NANA ANNAN

    CHIEF OPERATING OFFICER

    Total calculated
    $203,821
    From this org
    $198,907
    From related orgs
    $0
    Other
    $4,914
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,152
    Bonus
    $0
    Other
    $34,755
    Deferred
    $0
    Nontaxable benefits
    $4,914
    Filer's total
    $203,821

  • GLENN PRICKETT

    PRESIDENT/CEO

    Total calculated
    $380,023
    From this org
    $371,136
    From related orgs
    $0
    Other
    $8,887
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $362,891
    Bonus
    $0
    Other
    $8,245
    Deferred
    $0
    Nontaxable benefits
    $8,887
    Filer's total
    $380,023

  • BLAINE GRIMES

    CHIEF VENTURES OFFICER

    Total calculated
    $333,537
    From this org
    $307,355
    From related orgs
    $0
    Other
    $26,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,959
    Bonus
    $50,000
    Other
    $396
    Deferred
    $12,462
    Nontaxable benefits
    $13,720
    Filer's total
    $333,537

  • MARGARET HENDRICKS ROUDSARI

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $186,572
    From this org
    $174,333
    From related orgs
    $0
    Other
    $12,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,289
    Bonus
    $25,000
    Other
    $44
    Deferred
    $9,143
    Nontaxable benefits
    $3,096
    Filer's total
    $186,572

  • JANET DUFFY-ANDERSON

    CHIEF SCIENTIFIC OFFICER

    Total calculated
    $207,691
    From this org
    $192,017
    From related orgs
    $0
    Other
    $15,674
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,759
    Bonus
    $0
    Other
    $258
    Deferred
    $11,708
    Nontaxable benefits
    $3,966
    Filer's total
    $207,691

  • DAVID REIDMILLER

    CLIMATE CENTER DIRECTOR

    Total calculated
    $197,423
    From this org
    $175,355
    From related orgs
    $0
    Other
    $22,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,265
    Bonus
    $0
    Other
    $90
    Deferred
    $11,170
    Nontaxable benefits
    $10,898
    Filer's total
    $197,423

  • LEIGH PEAKE

    CHIEF EDUCATION OFFICER

    Total calculated
    $202,794
    From this org
    $185,333
    From related orgs
    $0
    Other
    $17,461
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,937
    Bonus
    $0
    Other
    $396
    Deferred
    $11,433
    Nontaxable benefits
    $6,028
    Filer's total
    $202,794

  • KATHY MILLS

    RESEARCH SCIENTIST

    Total calculated
    $167,229
    From this org
    $157,777
    From related orgs
    $0
    Other
    $9,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,639
    Bonus
    $0
    Other
    $138
    Deferred
    $9,322
    Nontaxable benefits
    $130
    Filer's total
    $167,229

  • GRAHAM SHERWOOD

    RESEARCH SCIENTIST

    Total calculated
    $175,875
    From this org
    $156,509
    From related orgs
    $0
    Other
    $19,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,371
    Bonus
    $0
    Other
    $138
    Deferred
    $9,755
    Nontaxable benefits
    $9,611
    Filer's total
    $175,875

  • DONALD W PERKINS JR

    PRESIDENT/CEO THRU12/31/23

    Total calculated
    $452,220
    From this org
    $451,198
    From related orgs
    $0
    Other
    $1,022
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $17,029
    Bonus
    $50,000
    Other
    $384,169
    Deferred
    $1,022
    Nontaxable benefits
    $0
    Filer's total
    $452,220

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
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, LINES 4A-B
LINE 4A: FORMER OFFICER RECEIVED SEVERANCE PAYMENTS OF $136,469 IN FY25. FORMER PRESIDENT RECEIVED A TRANSITION PAYMENT OF $100,000. LINE 4B: THE PRESIDENT PARTICIPATES IN AN UNFUNDED SUPPLEMENTAL RETIREMENT PLAN UNDER SECTIONS 409 AND 457 OF THE INTERNAL REVENUE CODE OF $25,000 PER YEAR. IN JUNE 2024 $25,000 WAS ACCRUED AND SET ASIDE FOR THIS PLAN. LINE 4B: THE FORMER PRESIDENT PARTICIPATED 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. THE SUPPLEMENTAL RETIREMENT PLAN WAS FULLY FUNDED AS OF DECEMBER 2023 AND QUARTERLY PAYMENTS STARTED IN 2021.
PART I, LINE 5
THE FORMER PRESIDENT PARTICIPATED IN A DEFERRED INCENTIVE COMPENSATION PLAN FOR PROGRESS ON MEETING LONG-TERM FINANCIAL GOALS FROM 2015 THROUGH 2023 UNDER WHICH PAYMENTS STARTED IN 2021. THE 2025 TOTAL ACCRUAL BALANCE TO SATISFY FUTURE OBLIGATIONS OF THE LONG TERM INCENTIVE PLAN WAS $104,544.
PART I, LINE 7
EXECUTIVE OFFICERS RECEIVED BONUSES DURING THE YEAR BASED ON THEIR PERFORMANCE IN ACHIEVING GOALS THROUGHOUT THE YEAR.

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 PROPERTIES INC

    501(C)(3) · SEE SCHEDULE R, PART VII · ME · controlled entity

    Directly controlled by GULF OF MAINE RESEARCH INSTITUTE

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202601339349305555

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