WOODS HOLE OCEANOGRAPHIC INSTITUTION

EIN: 042105850 501(c)(3) Science & Technology

WOODS HOLE, MA

Total Revenue
$345,864,759
Total Expenses
$331,628,959
Total Assets
$766,141,956
Net Assets
$603,300,153
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1930
Legal Domicile
MA
Principal Officer
PETER DE MENOCAL
Phone
5084572000
Tax Period
2023-01-01 to 2023-12-31

WOODS HOLE OCEANOGRAPHIC INSTITUTION, founded in 1930, is a major nonprofit in the Science & Technology sector that reported $345.9M in total revenue in fiscal year 2023. Expenses of $331.6M left a modest 4% surplus.

Mission

FORM 990, PART I, LINE 1 AND PART III, LINE 1 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION IS DEDICATED TO ADVANCING KNOWLEDGE OF THE OCEAN AND ITS CONNECTION WITH THE EARTH SYSTEM THROUGH A SUSTAINED COMMITMENT TO EXCELLENCE IN SCIENCE, ENGINEERING, AND EDUCATION, AND TO THE APPLICATION OF THIS KNOWLEDGE TO PROBLEMS FACING SOCIETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $334,061,264
Program Service Revenue $10,435,673
Investment Income $0
Other Revenue $1,367,822
TOTAL REVENUE $345,864,759

Expense Breakdown

Grants Paid $14,447,303
Salaries & Benefits $149,148,752
Fundraising Expenses $5,356,462
Program Expenses $287,705,071
Other Expenses $167,516,821
TOTAL EXPENSES $331,628,959

Year-over-Year Comparison

2023 2022 Change
Revenue $345,864,759 $353,851,530 0.0%
Expenses $331,628,959 $296,228,623 +0.1%
Net Income $14,235,800 $57,622,907 -0.8%
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
32
Independent Members
31
Employees
1354
Volunteers
94

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
10
$3,579,620
Total Directors
38
$2,982,073
Key Employees
2
$893,254
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER DE MENOCAL PRESIDENT/DIRECTOR 50.0
Officer Director
$1,684,069 $624,753 $2,308,822
CHRISTOPHER LAND VP LEGAL AFRS/GC (UNTIL 06/23) 50.0
Officer Director
$651,647 $21,604 $673,251
KATHRYN LINK VP OPS & CFO 50.0
Officer
$473,784 $39,050 $512,834
ROBERT MUNIER VP MARINE FACILITIES & OPS 50.0
Key Emp
$390,574 $73,410 $463,984
SAMUEL HARP VP FOR ADVANCEMENT & CMO 50.0
Highest
$383,568 $62,904 $446,472
RICHARD MURRAY DD & VP SCIENCE & ENGINEERING 50.0
Key Emp
$391,593 $37,677 $429,270
KEITH GLAVIN SR. DIR. INFORMATION SYSTEMS 50.0
Highest
$308,110 $62,000 $370,110
PAUL MATTHIAS SENIOR PROGRAM MANAGER AOPE 50.0
Highest
$283,784 $82,719 $366,503
GEORGE C CLAYTON CHIEF DEVELOPMENT OFFICER 50.0
Highest
$311,624 $48,020 $359,644
DONALD ANDERSON SENIOR SCIENTIST 50.0
Highest
$291,306 $63,124 $354,430
MARY MCNAIR INTERIM SECRETARY (AS OF 6/23) 40.0
Officer
$55,211 $29,502 $84,713
PAUL SALEM CHAIRMAN 2.5
Officer Director
$0 $0 $0
MARIA WILHELM VICE CHAIR - BD OF TRUSTEES 2.5
Officer Director
$0 $0 $0
MARGARET A FLANAGAN VICE CHAIR - BD OF TRUSTEES 2.5
Officer Director
$0 $0 $0
STEVEN G HOCH CHAIR OF CORP. (UNTIL 05/23) 2.5
Officer Director
$0 $0 $0
JAMES M CLARK JR CHAIR OF CORP. (AS OF 05/23) 2.5
Officer Director
$0 $0 $0
WILLIAM SCHMIDT TREASURER 2.5
Officer Director
$0 $0 $0
CULLEN BUIE TRUSTEE 2.5
Director
$0 $0 $0
SUSAN BURKE TRUSTEE 2.5
Director
$0 $0 $0
ALAN CHUNG TRUSTEE 2.5
Director
$0 $0 $0
H LARRY CLARK TRUSTEE 2.5
Director
$0 $0 $0
GEORGE DAVID TRUSTEE 2.5
Director
$0 $0 $0
ROBERT C DUCOMMUN Trustee 2.5
Director
$0 $0 $0
MICHAEL ESPOSITO TRUSTEE 2.5
Director
$0 $0 $0
LAWRENCE FISH TRUSTEE 2.5
Director
$0 $0 $0
CLINT HARRIS TRUSTEE 2.5
Director
$0 $0 $0
SARAH JOHNSON TRUSTEE 2.5
Director
$0 $0 $0
JOHN KREIDER TRUSTEE 2.5
Director
$0 $0 $0
ANNE C KRONENBERG TRUSTEE 2.5
Director
$0 $0 $0
ROBIN POWELL MANDJES TRUSTEE 2.5
Director
$0 $0 $0
SALLY ROCKER TRUSTEE 2.5
Director
$0 $0 $0
LINDA SALLOP TRUSTEE 2.5
Director
$0 $0 $0
ROBERT SMITH TRUSTEE (AS OF 05/23) 2.5
Director
$0 $0 $0
JOHN STAVIS TRUSTEE 2.5
Director
$0 $0 $0
EDWARD TREGURTHA TRUSTEE 2.5
Director
$0 $0 $0
BARBARA WU TRUSTEE 2.5
Director
$0 $0 $0
JAMES A AUSTIN JR TRUSTEE 2.5
Director
$0 $0 $0
JAMES P ROSENFIELD TRUSTEE 2.5
Director
$0 $0 $0
JEFFERSON E HUGHES JR TRUSTEE 2.5
Director
$0 $0 $0
JOYCE K MOSS TRUSTEE 2.5
Director
$0 $0 $0
SAMUEL COLEMAN TRUSTEE 2.5
Director
$0 $0 $0
CHARLES WARD TRUSTEE (UNTIL 05/23) 2.5
Director
$0 $0 $0
MICHELE S FOSTER TRUSTEE (UNTIL 05/23) 2.5
Director
$0 $0 $0
THOMAS J TIERNEY TRUSTEE (UNTIL 05/23) 2.5
Director
$0 $0 $0
D ALEC SARGENT TRUSTEE (UNTIL 10/23) 2.5
Director
$0 $0 $0
ROBERT JEFFE TRUSTEE (AS OF 10/23) 2.5
Director
$0 $0 $0
STEPHANIE VAN PUTTEN TRUSTEE (AS OF 10/23) 2.5
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $345,864,759 $331,628,959 $766,141,956 $14,235,800
2022 $353,851,530 $296,228,623 $715,285,770 $57,622,907
2021 $294,655,196 $297,419,661 $725,776,960 $-2,764,465
2020 $255,307,779 $265,292,350 $670,381,093 $-9,984,571
2019 $261,786,466 $257,326,966 $626,827,966 $4,459,500
2018 $203,711,976 $227,673,490 $598,068,698 $-23,961,514
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