Harbor Branch Oceanographic Institute Foundation Inc

EIN: 591644333 501(c)(3) Science & Technology

Vero Beach, FL

Total Revenue
$5,631,774
Total Expenses
$7,231,150
Total Assets
$116,646,374
Net Assets
$114,717,965
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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
1975
Legal Domicile
FL
Principal Officer
MIKE O'REILY
Phone
7724669876
Tax Period
2023-07-01 to 2024-06-30

Harbor Branch Oceanographic Institute Foundation Inc, founded in 1975, is a community nonprofit in the Science & Technology sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $7.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION PROVIDES FUNDING & SUPPORT TO HARBOR BRANCH OCEANOGRAPHIC INSTITUTE AT FAU FOR RESEARCH & EDUCATION (CONTINUED ON SCHEDULE O)

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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 $2,899,931
Program Service Revenue $0
Investment Income $2,663,385
Other Revenue $68,458
TOTAL REVENUE $5,631,774

Expense Breakdown

Grants Paid $5,630,041
Salaries & Benefits $186,441
Fundraising Expenses $18,349
Program Expenses $6,181,106
Other Expenses $1,414,668
TOTAL EXPENSES $7,231,150

Year-over-Year Comparison

2023 2022 Change
Revenue $5,631,774 $3,708,847 +0.5%
Expenses $7,231,150 $7,022,912 +0.0%
Net Income $-1,599,376 $-3,314,065 -0.5%
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
7
Independent Members
7
Employees
2
Volunteers
7

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL O'REILLY BOARD CHAIR 1.0
Officer Director
$0 $0 $0
MICHAEL TONER VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
MARJORIE D RAINES TREASURER 1.0
Officer Director
$0 $0 $0
WILL J STEWART ESQ SECRETARY/EX OFFICIO 1.0
Officer Director
$0 $0 $0
MICHAEL BROWN SR BOARD MEMBER 1.0
Director
$0 $0 $0
JOSEPH Z DUKE III BOARD MEMBER, EX-OFFICIO 1.0
Director
$0 $0 $0
JOSEPH FERRO MD BOARD MEMBER 1.0
Director
$0 $0 $0
GEORGE FRAZZA BOARD MEMBER (THRU 4/24) 1.0
Director
$0 $0 $0
JOHN A PAPA BOARD MEMBER 1.0
Director
$0 $0 $0
JAMES L SEITZ BOARD MEMBER 1.0
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 No data No data No data No data
2024 $5,631,774 $7,231,150 $116,646,374 $-1,599,376
2023 $3,708,847 $7,022,912 $100,207,340 $-3,314,065
2022 $7,288,557 $6,063,145 $89,656,827 $1,225,412
2021 $9,522,450 $5,276,491 $102,821,969 $4,245,959
2020 $4,552,244 $5,395,676 $81,642,529 $-843,432
2019 $10,079,489 $4,625,243 $82,163,702 $5,454,246
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