Bigelow Laboratory for Ocean Sciences

EIN: 016006001 501(c)(3) Science & Technology

East Boothbay, ME

Total Revenue
$29,714,759
Total Expenses
$20,548,715
Total Assets
$113,685,553
Net Assets
$94,755,487
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
ME
Principal Officer
Deborah Bronk
Phone
2073152567
Tax Period
2024-07-01 to 2025-06-30

Bigelow Laboratory for Ocean Sciences, founded in 1974, is a mid-sized nonprofit in the Science & Technology sector that reported $29.7M in total revenue in fiscal year 2024. The organization ran a surplus of $9.2M, a strong 31% operating margin.

Mission

To understand key processes driving the world's ocean ecosystems, their evolution and their fundamental relationship to life on earth through interrelated research, education, and technology transfer programs.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,069,861
Program Service Revenue $2,828,858
Investment Income $620,578
Other Revenue $195,462
TOTAL REVENUE $29,714,759

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,370,457
Fundraising Expenses $1,935,080
Program Expenses $18,138,491
Other Expenses $9,178,258
TOTAL EXPENSES $20,548,715

Year-over-Year Comparison

2024 2023 Change
Revenue $29,714,759 $30,523,194 0.0%
Expenses $20,548,715 $19,546,629 +0.1%
Net Income $9,166,044 $10,976,565 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
128
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$407,136
Total Directors
17
$0
Key Employees
8
$1,766,451
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Abbott Director 2.00
Director
$0 $0 $0
Jon Bigelow Director 2.00
Director
$0 $0 $0
Elizabeth Bishop Director 2.00
Director
$0 $0 $0
Priscilla Brooks PhD Director 2.00
Director
$0 $0 $0
Barbara Burgess Director 2.00
Director
$0 $0 $0
Michael Conathan Director 2.00
Director
$0 $0 $0
Kimberly Hamilton PhD Director 2.00
Director
$0 $0 $0
Peter Handy Director 2.00
Director
$0 $0 $0
John L Heyl Director 2.00
Director
$0 $0 $0
Marion Howard Director 2.00
Director
$0 $0 $0
Randall Jeffrey Director 2.00
Director
$0 $0 $0
Judith Kildow PhD Director 2.00
Director
$0 $0 $0
Dimitri Michaud Director 2.00
Director
$0 $0 $0
Craig Muir Director 2.00
Director
$0 $0 $0
Edwin Trautman PhD Director 2.00
Director
$0 $0 $0
Stewart Bither PhD Vice Chair 4.00
Officer Director
$0 $0 $0
Wendy Wolf MD MPH Chair 4.00
Officer Director
$0 $0 $0
Deborah Bronk President & CEO 37.50
Officer
$377,375 $29,761 $407,136
Jennifer Cutshall VP Strategic Alliances and 37.50
Key Emp
$246,261 $29,964 $276,225
Ramunas Stepanauskas Senior Research Scientist 37.50
Key Emp
$198,426 $50,302 $248,728
Benjamin Twining VP Education & Research 37.50
Key Emp
$196,325 $36,977 $233,302
David Fields Senior Research Scientist 37.50
Key Emp
$159,916 $59,449 $219,365
David Whitt CFO/VP for Administration 37.50
Key Emp
$186,715 $22,152 $208,867
Michael Lomas Senior Research Scientist 37.50
Key Emp
$158,632 $30,300 $188,932
Steve Archer Senior Research Scientist 37.50
Key Emp
$156,308 $28,142 $184,450
Beth Orcutt VP for Research/Senior Res 37.50
Key Emp
$176,643 $29,939 $206,582
Rachel Sipler Senior Research Scientist 37.50
Highest
$144,029 $8,817 $152,846
Nicole Poulton Senior Research Scientist 37.50
Highest
$140,883 $22,085 $162,968
Steven Profaizer Chief Communications Offic 37.50
Highest
$147,565 $13,269 $160,834
Nick Record Senior Research Scientist 37.50
Highest
$136,272 $25,285 $161,557
Pete Countway Senior Research Scientist 37.50
Highest
$142,344 $8,708 $151,052
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $29,714,759 $20,548,715 $113,685,553 $9,166,044
2024 $30,523,194 $19,546,629 $104,522,449 $10,976,565
2023 $41,488,593 $18,589,257 $87,500,256 $22,899,336
2022 $20,387,195 $16,928,139 $62,794,897 $3,459,056
2021 $19,007,017 $14,437,344 $61,124,086 $4,569,673
2020 $13,783,271 $13,855,896 $53,800,318 $-72,625
2019 $12,875,623 $12,839,999 $51,185,244 $35,624
2019 $12,875,623 $12,839,999 $51,185,244 $35,624
2019 $12,875,623 $12,839,999 $51,185,244 $35,624
2018 $11,519,803 $12,768,567 $49,964,771 $-1,248,764
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