← THE PERRY INSTITUTE FOR MARINE SCIENCE INC

Form 990 for tax year 2022

Filed by THE PERRY INSTITUTE FOR MARINE SCIENCE INC.

Totals

Total revenue: $2,329,840
Total expenses: $1,690,460
Contributions and grants received: $2,203,230
Grants paid: $0
Program service revenue: $126,610
Investment income: $0
Other revenue: $0
Total assets, end of year: $1,820,070
Total liabilities, end of year: $57,577
Net assets or fund balances, end of year: $1,762,493
Program services expenses (Part IX): $1,307,858
Management and general expenses: $289,936
Fundraising expenses: $92,666
Program service expenses (Part III): $1,307,858

Program services were 77.4% 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.

1e · Government grants (contributions)

$69,689
1f · All other contributions, gifts and grants

$2,133,541
2a · Program service revenue: CONTRACTED SERVICES

total $126,610 · related or exempt $126,610

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $687,084 · program services $585,671 · management and general $16,413 · fundraising $85,000
8 · Pension plan contributions

total $27,508 · program services $15,011 · management and general $12,497
9 · Other employee benefits

total $37,294 · program services $37,294
10 · Payroll taxes

total $37,345 · program services $20,011 · management and general $10,832 · fundraising $6,502
11b · Fees: legal

total $68,357 · management and general $68,357
11c · Fees: accounting

total $35,096 · management and general $35,096
11g · Fees: other

total $18,141 · management and general $18,141
13 · Office expenses

total $1,769 · program services $1,302 · management and general $467
14 · Information technology

total $2,919 · management and general $2,919
16 · Occupancy

total $12,462 · management and general $12,462
17 · Travel

total $145,486 · program services $145,486
22 · Depreciation, depletion and amortization

total $43,571 · program services $43,571
23 · Insurance

total $23,644 · program services $16,957 · management and general $6,687
24a · Other expenses: CONTRACTED SERVICES

total $347,745 · program services $276,530 · management and general $70,120 · fundraising $1,095
24b · Other expenses: SUPPLIES

total $74,290 · program services $64,789 · management and general $9,432 · fundraising $69
24c · Other expenses: WORK PERMITS

total $40,754 · program services $40,754
24d · Other expenses: BOOKS/SUBSCRIPTIONS/REF

total $27,990 · program services $9,596 · management and general $18,394
24e · All other expenses

total $59,005 · program services $50,886 · management and general $8,119

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $935,485 · end of year $1,638,762
3 · Pledges and grants receivable

beginning of year $54,315 · end of year $26,603
4 · Accounts receivable

beginning of year $11,383 · end of year $17,782
10a · Land, buildings and equipment: cost or other basis

$217,854
10b · Land, buildings and equipment: accumulated depreciation

$80,931
10c · Land, buildings and equipment, net

beginning of year $180,494 · end of year $136,923
17 · Accounts payable and accrued expenses

end of year $1,629
25 · Other liabilities

beginning of year $58,564 · end of year $55,948
27 · Net assets without donor restrictions

beginning of year $170,843 · end of year $1,762,493
28 · Net assets with donor restrictions

beginning of year $952,270

Mission and programs · 2022

Mission

OUR MISSION IS TO CONDUCT AND SUPPORT INNOVATIVE RESEARCH, CONSERVATION AND EDUCATION THAT RESULTS IN EFFECTIVE STEWARDSHIP OF OUR OCEANS.

CORAL RESTORATION: THE PROGRAM IS AIMED AT RESTORING POPULATIONS OF CRITICALLY ENDANGERED CORAL SPECIES IN THE WIDER CARRIBEAN REGION AND CONDUCTING RESEARCH TO ADVANCE THE SCIENCE OF CORAL RESTORATION.
CORAL REEF ASSESSMENT: THE INSTITUTE IS ASSESSING CORAL REEF HEALTH THROUGHOUT THE BAHAMAS TO IDENTIFY KEY THREATS TO CORAL REEF HEALTH AND TO PROVIDE SCIENTIFIC SUPPORT FOR THE PLANNING, MANAGEMENT AND EVALUATION OF THE EFFICACY OF MARINE PROTECTED AREAS. THIS PROGRAM ALSO AIMS TO BUILD CAPACITY FOR CONDUCTING CORAL REEF HEALTH ASSESSMENTS BY HOSTING TRAINING WORKSHOPS AND EDUCATING THE GENERAL PUBLIC THROUGH VARIOUS MEDIA.
IMPROVED FISHERIES MANAGEMENT: THE INSTITUTE IS CONDUCTING RESEARCH AIMED AT IMPROVING THE MANAGEMENT OF BOTH TRADITIONAL BAHAMIAN FISHERIES (NASSAU GROUPER, QUEEN CONCH) AND EMERGING FISHERIES SUCH AS PARROTFISH, AND BIOPROSPECTING FOR NATURAL PRODUCTS DERIVED FROM SPONGES, SEA FANS AND OTHER ORGANISMS. THIS RESEARCH IS AIMED AT PROMOTING SUSTAINABLE HARVESTS THAT PRESERVE THE VIABILITY OF HARVESTED STOCKS AND PROMOTE ECOSYSTEM HEALTH. WE ARE ALSO ENGAGING LOCAL COMMUNITIES TO PROMOTE COMPLAINCE WITH FISHERIES REGULATIONS AND OTHER BEST PRACTICES TO MINIMIZE IMPACTS OF FISHING TO ECOSYSTEMS.
COMMUNITY CONSERVATION EDUCATION AND ACTION PROGRAM PROVIDES, EDUCATION, OUTREACH AND COMMUNITY ENGAGEMENT PROGRAMS THAT COMPLIMENT THE INSTITUTES RESEARCH PROGRAMS. THIS PROGRAM IS AIMED AT DEVELOPING CONSERVATION LEADERS AND PROMOTING CONSERVATION ACTIONS THROUGH TARGETED COMMUNICATIONS, TRAINING PROGRAMS TO BUILD CONSERVATION CAPACITY IN THE BAHAMAS, AND WORKING DIRECTLY WITH STAKEHOLDERS LIKE FISHERS AND DIVERS TO PROMOTE POSITIVE PRACTICES THAT PROMOTE HEALTHY MARINE ECOSYSTEMS.

Expenses $1,307,858

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

CRAIG DAHLGREN

BOARD CHAIR

Total calculated

$163,481

From this org

$139,416

From related orgs

$0

Other

$24,065

Hours/week

40

Schedule J breakdown matched by us

Base

$139,416

Bonus

not reported

Other

not reported

Deferred

$24,065

Nontaxable benefits

not reported

Filer's total

$163,481
LYNN GAPE

BOARD MEMBER

Total calculated

$0
DAVID KNIGHT

SECRETARY

Total calculated

$0
DR JOHN MARR

VICE CHAIR

Total calculated

$0
LIVINGSTON MARSHALL

BOARD MEMBER

Total calculated

$0
ROGER MCMANUS

BOARD MEMBER

Total calculated

$0

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202303199349328810

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