BAHAMAS MARINE ECOCENTRE

EIN: 464866535 501(c)(3) Environment

Miami, FL

Total Revenue
$425,349
Total Expenses
$311,507
Total Assets
$134,700
Net Assets
$134,700
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
FL
Principal Officer
Ruth Pamela Reid
Phone
3052380186
Tax Period
2023-01-01 to 2023-12-31

BAHAMAS MARINE ECOCENTRE, founded in 2014, is a small nonprofit in the Environment sector that reported $425K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 27% operating margin.

Mission

Research and Education: Bahamas Marine EcoCentre focuses on marine science education and research and promotes scientific and artistic activities that foster environmental stewardship. In 2023, activities were focused in three geographic areas: Bahamas, Western Australia, and Northern Chile. Research on gypsum depositional system in lagoons in the Atacama Desert, which initiated as a consulting service in 2017, became a funded research project in 2018. Supported by the Chilean mining company, SQM, BME is investigating the role of microbes in sedimentation in the desert lagoon systems.

Program Service Accomplishments

Program 1
Expenses: $6,668 Revenue: $0

Research and education activities in the Bahamas are based out of the Darby Island Research Station, Bahamas which is maintained and operated by Bahamas Marine EcoCentre. In 2023, we focused on...

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Research and education activities in the Bahamas are based out of the Darby Island Research Station, Bahamas which is maintained and operated by Bahamas Marine EcoCentre. In 2023, we focused on preparation of two manuscripts, both of which were submitted for publication in 2024. One was an evaluation of early diagenetic signatures of lithium and stable strontium isotopes in shallow marine carbonate sediments submitted to Chemical Geology. The second was synthesis of previous Bahamian microbialite research in an invited paper for Annual Reviews of Marine Science. Costs for Bahamian program services were mainly associated with station maintenance and travel.

Program 2
Expenses: $206,892 Revenue: $0

Our second geographic area of research was the Atacama Desertof northern Chile where we continued monitoring stromatolite growth in saline lagoons. This research involved one post doctoral fellow and...

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Our second geographic area of research was the Atacama Desertof northern Chile where we continued monitoring stromatolite growth in saline lagoons. This research involved one post doctoral fellow and a consultant. Program expenses pertain to field activities, laboratory analyses and writing reports and publications. As reported in 2022, three peer reviewed papers were published in 2022 and additional papers are currently in preparation. (1) Oehlert AM, Suosaari EP, Kong T, Piggot AM, Maizel D, Lascu I, Demergasso C, Chong Díaz G, Reid RP. (2022) Physical, chemical, and microbial feedbacks controlling brine geochemistry and lake morphology in polyextreme salar environments. Sci Total Environ. 2022 Aug 25;836:155378. doi.org10.1016/j.scitotenv.2022.155378. Epub 2022 Apr 27. PMID: 35489513. (2) Suosaari, E.P., Lascu, I., Oehlert, A.M., Parlanti, P., Machabee, P.F., Piggot, A.M., Reid, R.P. 2022. Mg-clay biomineralization as a prerequisite to microbial carbonate precipitation in non-marine settings: a case study from the Puquios, Salar de Llamara, Northern Chile. Nature Communications Earth and Environment 2022 DOI 10.1038/s43247-022-00658-5. (3) Suosaari, E.P.; Oehlert,A.M.; Lascu, I.; Decho, A.W.; Piggot, A.M.; Palma, A.T.; Machabee, P.F.; Reid, R.P. (2022) Environmental and Biological Controls on Sedimentary Bottom Types in the Puquios of the Salar de Llamara, Northern Chile. Geosciences 2022, 12, 247. https:// doi.org/10.3390/geosciences12060247.

Program 3
Expenses: $70,609 Revenue: $0

A third area of research activity was Western Australia,where we cont'd research into modern marine stromatolites in Shark Bay. This research involved one PhD student. The following three papers were...

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A third area of research activity was Western Australia,where we cont'd research into modern marine stromatolites in Shark Bay. This research involved one PhD student. The following three papers were published in 2022 and 2023: (1) Vitek, B.E.; Suosaari, E.P.; Stolz, J.F.; Oehlert, A.M.; Reid, R.P. Initial Accretion in Hamelin Pool Microbialites: The Role of Entophysalis in Precipitation of Microbial Micrite. Geosciences 2022, 12, 304. https://doi.org/10.3390/geosciences12080304. (2) Suosaari, E.P., Reid, R.P. Mercadier, C., Vitek, B.E, Oehlert, A.M., Stolz, J.F., Giusfredi, P.E., Eberli, G.P. (2022) The microbial carbonate factory of Hamelin Pool, Shark Bay, Western Australia: Scientific Reports (2022) 12:12902 | https://doi.org/10.1038/s41598-022-16651-z. (3) Vitek,B.E., Suosaari, E.P., Oehlert, A, M., Dupraz, C. Pollier, C.G.L., Reid, R.P. 2023. Bidirectional Fabric Evolution in Hamelin Pool Microbialites, Shark Bay, Western Australia. The Depositional Record, https://onlinelibrary.wiley.com/doi/10.1002/dep2.244.

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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 $425,349
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $425,349

Expense Breakdown

Grants Paid $87,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $284,169
Other Expenses $224,007
TOTAL EXPENSES $311,507

Year-over-Year Comparison

2023 2022 Change
Revenue $425,349 $240,840 +0.8%
Expenses $311,507 $288,456 +0.1%
Net Income $113,842 $-47,616 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
9

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ruth Pamela Reid President 10
Officer Director
$0 $0 $0
Alexander Tecle Treasurer 1
Officer Director
$0 $0 $0
Peter Ortner Director 1
Director
$0 $0 $0
Jamie Foster Secretary 1
Officer 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
2023 $425,349 $311,507 $134,700 $113,842
2022 $240,840 $288,456 $20,858 $-47,616
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