MOTE MARINE FOUNDATION INC

EIN: 592226800 501(c)(3) Science & Technology

SARASOTA, FL

Total Revenue
$2,234,296
Total Expenses
$6,481,040
Total Assets
$16,681,722
Net Assets
$16,432,286
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
FL
Principal Officer
MICHAEL P CROSBY PHD
Phone
9413884441
Tax Period
2023-10-01 to 2024-09-30

MOTE MARINE FOUNDATION INC, founded in 1982, is a community nonprofit in the Science & Technology sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 292% from the prior year, signaling strong growth momentum. Expenses of $6.5M exceeded revenue, resulting in a 190% operating deficit.

Mission

MOTE MARINE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION OPERATING AS A FUND-RAISING ARM TO PROVIDE FUNDING FOR SCIENTIFIC AND EDUCATION PROGRAMS AT MOTE MARINE LABORATORY, INC.

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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 $2,502
Program Service Revenue $0
Investment Income $2,231,794
Other Revenue $0
TOTAL REVENUE $2,234,296

Expense Breakdown

Grants Paid $6,402,892
Salaries & Benefits $5,000
Fundraising Expenses $0
Program Expenses $6,402,892
Other Expenses $73,148
TOTAL EXPENSES $6,481,040

Year-over-Year Comparison

2023 2022 Change
Revenue $2,234,296 $569,929 +2.9%
Expenses $6,481,040 $507,529 +11.8%
Net Income $-4,246,744 $62,400 -69.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
5
$610,130
Total Directors
11
$464,510
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUGENE BECKSTEIN CHAIRMAN EMERITUS 0.25
Director
$0 $0 $0
SCOTT COLLINS TRUSTEE 0.25
Director
$0 $0 $0
DON FEATHERMAN TRUSTEE/ADVISORY COUNSEL 0.25
Director
$0 $0 $0
JUDY GRAHAM CHAIRMAN EMERITUS 0.25
Director
$0 $0 $0
JEAN MARTIN TRUSTEE 0.25
Director
$0 $0 $0
ALAN ROSE TRUSTEE 0.25
Director
$0 $0 $0
SANDI STUART TRUSTEE 0.25
Director
$0 $0 $0
ROBERT ESSNER CHAIRMAN THRU DEC 2023 0.25
Officer Director
$0 $0 $0
HOWARD SEIDER JR CHAIRMAN EFF. JAN 2024 0.25
Officer Director
$0 $0 $0
MO CUNNIFFE VICE CHAIR EFF. JAN 2024 0.25
Officer Director
$0 $0 $0
DR MICHAEL P CROSBY PHD PRESIDENT/CEO 0.25
Officer Director
$0 $27,009 $464,510
DEBORAH ALLEN SCHULTZ SECRETARY/TREASURER 5.00
Officer
$5,000 $5,731 $145,620
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 $2,234,296 $6,481,040 $16,681,722 $-4,246,744
2023 $569,929 $507,529 $19,043,985 $62,400
2022 $792,571 $545,578 $16,955,683 $246,993
2021 $1,476,799 $609,181 $21,207,644 $867,618
2020 $620,782 $1,070,329 $17,861,086 $-449,547
2019 $1,022,264 $700,146 $16,981,926 $322,118
2018 $727,095 $821,082 $17,017,064 $-93,987
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