Inwater Research Group Inc

EIN: 651090322 501(c)(3) Science & Technology

Jensen Beach, FL

Total Revenue
$1,810,790
Total Expenses
$1,699,197
Total Assets
$523,129
Net Assets
$494,429
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
FL
Principal Officer
Michael Bresette
Phone
7723495905
Tax Period
2024-01-01 to 2024-12-31

Inwater Research Group Inc, founded in 2001, is a community nonprofit in the Science & Technology sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 6% surplus.

Mission

IRG'S MISSION IS TO PROVIDE THE SCIENTIFIC COMMUNITY AND THE GENERAL PUBLIC WITH INFORMATION TO PROMOTE CONSERVATION OF COASTAL AND MARINE SPECIES AND THEIR HABITATS.

Program Service Accomplishments

Program 1
Expenses: $888,076 Revenue: $1,344,731

In 2024, IRG successfully captured, tagged, sampled, and released over 700 threatened and endangered sea turtles across eight field sites throughout Florida. This effort included attaching satellite...

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In 2024, IRG successfully captured, tagged, sampled, and released over 700 threatened and endangered sea turtles across eight field sites throughout Florida. This effort included attaching satellite tags to five male loggerhead turtles in the Florida Keys to study their movements and migratory patterns. Biologists also partnered with universities, rehabilitation facilities, and aquariums to collect additional samples supporting broader sea turtle conservation efforts. Findings from ongoing research were shared through peer reviewed publications, regional and international conferences, and various social media platforms. This information was also incorporated into IRG wide range of educational initiatives.

Program 2
Expenses: $338,797 Revenue: $366,368

IRG education team reached over 30,000 individuals across four states and ten countries through hands on, standards aligned programs that integrate sea turtle science with real world conservation...

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IRG education team reached over 30,000 individuals across four states and ten countries through hands on, standards aligned programs that integrate sea turtle science with real world conservation. From empowering K 12 students through our Traveling Trunks to engaging Spanish speaking communities via Amigos de las Tortugas and supporting global conservation through the International Sea Turtle Ambassadors program, our efforts fostered environmental stewardship on both local and international scales. We expanded professional development for educators, launched new outreach initiatives like Tag, You are It!, and grew our trunk partner network by 350%, creating powerful pathways for inclusive, science based learning.

Program 3
Expenses: $158,150 Revenue: $99,692

IRG made significant progress on both sea turtle abundance estimation and deterrent testing projects. Key accomplishments include the successful tagging of 940 individual nesting sea turtles on...

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IRG made significant progress on both sea turtle abundance estimation and deterrent testing projects. Key accomplishments include the successful tagging of 940 individual nesting sea turtles on Hutchinson Island by the saturation tagging team and the procurement of critical equipment for the offshore abundance estimation surveys, including satellite tags, side scan sonar, and adaptive resolution imaging sonar (ARIS). This equipment will be used in a project to understand how to reduce sea turtle entrainment into the St. Lucie Power Plant on Hutchinson Island. Additionally, we provided technical support to design plans for the construction of a test tank that we will use to test sea turtle deterrents that would reduce the number of sea turtles entering the canal system of the power plant.

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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 $466,059
Program Service Revenue $1,344,731
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,810,790

Expense Breakdown

Grants Paid $0
Salaries & Benefits $864,373
Fundraising Expenses $6,687
Program Expenses $1,385,023
Other Expenses $834,824
TOTAL EXPENSES $1,699,197

Year-over-Year Comparison

2024 2023 Change
Revenue $1,810,790 $1,370,580 +0.3%
Expenses $1,699,197 $1,253,533 +0.4%
Net Income $111,593 $117,047 0.0%
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

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Governance

Voting Members
9
Independent Members
6
Employees
4
Volunteers
2

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
$156,199
Total Directors
9
$157,695
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Bresette President 40.00
Officer Director
$102,005 $0 $102,005
Blair Witherington Vice President 20.00
Officer Director
$32,976 $0 $32,976
Carrie Keske Treasurer 20.00
Officer Director
$21,218 $0 $21,218
Dave Clark Director 1.00
Director
$1,496 $0 $1,496
Dean Bagley Vice President 1.00
Officer Director
$0 $0 $0
Steve Traxler Secretary 1.00
Officer Director
$0 $0 $0
Anne Birch Director 1.00
Director
$0 $0 $0
Keith Sahm Director 1.00
Director
$0 $0 $0
Rachel Smith Director 1.00
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
2024 $1,810,790 $1,699,197 $523,129 $111,593
2023 $1,370,580 $1,253,533 $423,974 $117,047
2023 $1,370,580 $1,253,533 $423,974 $117,047
2022 $940,339 $870,118 $269,706 $70,221
2022 $940,339 $870,118 $269,706 $70,221
2021 $1,026,199 $891,741 $197,337 $134,458
2021 $1,026,199 $891,741 $197,337 $134,458
2020 $721,464 $713,399 $169,929 $8,065
2018 $692,951 $750,599 $70,208 $-57,648
2018 $692,951 $750,599 $70,208 $-57,648
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