MARINE APPLIED RESEARCH AND EXPLORATION

EIN: 311821639 501(c)(3) Science & Technology

TIBURON, CA

Total Revenue
$1,657,451
Total Expenses
$1,596,043
Total Assets
$632,056
Net Assets
$50,451
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CA
Phone
4156926693
Tax Period
2024-07-01 to 2025-06-30

MARINE APPLIED RESEARCH AND EXPLORATION, founded in 2003, is a community nonprofit in the Science & Technology sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 4% surplus.

Mission

Marine Applied Research & Exploration (MARE) provides technology and offshore operations expertise needed to see and work in deepwater marine environments - those beyond the reach of most divers. MARE collaborates with scientists, resource managers, and environmental groups.

Program Service Accomplishments

Program 1
Expenses: $749,986 Revenue: $917,048

Monitoring of near shore underwater resources and fish populations including mapping and counting.

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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 $740,403
Program Service Revenue $914,805
Investment Income $2,243
Other Revenue $0
TOTAL REVENUE $1,657,451

Expense Breakdown

Grants Paid $0
Salaries & Benefits $947,125
Fundraising Expenses $55,933
Program Expenses $749,986
Other Expenses $648,918
TOTAL EXPENSES $1,596,043

Year-over-Year Comparison

2024 2023 Change
Revenue $1,657,451 $959,347 +0.7%
Expenses $1,596,043 $1,750,539 -0.1%
Net Income $61,408 $-791,192 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
9
Employees
15
Volunteers
N/A

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
6
$150,000
Total Directors
11
$150,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dirk Rosen Past President 40.00
Officer Director
$150,000 $0 $150,000
ANDREW LAUREMANN SCIENCE DIRECTOR 40.00
$132,211 $0 $132,211
Larissa Pommeraud Chairman 40.00
Officer Director
$0 $0 $0
Gabriella Levine Vice Chairman 0.00
Officer Director
$0 $0 $0
Patrick Donovan Treasurer 0.00
Officer Director
$0 $0 $0
Vilas Rao Secretary 0.00
Officer Director
$0 $0 $0
Jon Glassman Past Chairman 0.00
Officer Director
$0 $0 $0
Mark Gordon Director 0.00
Director
$0 $0 $0
Tom Hourigan Director 0.00
Director
$0 $0 $0
Erin O'Toole Director 0.00
Director
$0 $0 $0
Adeline Cheam Director 0.00
Director
$0 $0 $0
Mats Nilsson Director 0.00
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
2025 $1,657,451 $1,596,043 $632,056 $61,408
2024 $959,347 $1,750,539 $336,806 $-791,192
2023 $1,295,840 $1,454,202 $1,139,713 $-158,362
2022 $1,698,520 $1,633,861 $1,174,372 $64,659
2021 $1,582,492 $1,475,428 $1,137,478 $107,064
2020 $1,280,140 $1,325,243 $1,017,546 $-45,103
2019 $1,089,340 $1,056,359 $704,283 $32,981
2018 $750,338 $1,033,398 $665,932 $-283,060
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