MARINE SCIENCE FOUNDATION INC

EIN: 832515263 501(c)(3) Science & Technology

STUART, FL

Total Revenue
$6,035,700
Total Expenses
$1,539,688
Total Assets
$10,867,423
Net Assets
$10,393,229
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Principal Officer
BRADLY KING
Phone
4108019404
Tax Period
2024-01-01 to 2024-12-31

MARINE SCIENCE FOUNDATION INC is a small nonprofit in the Science & Technology sector that reported $439K in total revenue in fiscal year 2020. The organization ran a surplus of $121K, a strong 28% operating margin.

Mission

OUR MISSION IS TO BRING THE LATEST ADVANCEMENTS IN SENSOR AND DATA COLLECTION/ANALYSIS TECHNOLOGY TO MARINE SCIENTISTS AND LABORATORIES TO FURTHER MARINE CONSERVATION AND RESEARCH.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,666,016
Program Service Revenue $0
Investment Income $369,684
Other Revenue $0
TOTAL REVENUE $6,035,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,148,473
Fundraising Expenses $0
Program Expenses $1,539,688
Other Expenses $391,215
TOTAL EXPENSES $1,539,688

Year-over-Year Comparison

2024 2023 Change
Revenue $6,035,700 $6,058,032 0.0%
Expenses $1,539,688 $1,349,595 +0.1%
Net Income $4,496,012 $4,708,437 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
3
Independent Members
N/A
Employees
5
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
1
$149,870
Total Directors
3
$534,532
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILL FRISHE H.C. EMPLOYE 40.00
Highest
$207,896 $0 $207,896
DENNIS KINGSLEY H. C. EMPLOY 40.00
Highest
$206,714 $0 $206,714
SHARI KING CHIEF FINANC 40.00
Director
$202,949 $0 $202,949
BRIAN MCGARVEY CHIEF INFORM 40.00
Director
$181,713 $0 $181,713
BRADLY KING PRESIDENT 40.00
Officer Director
$149,870 $0 $149,870
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 $6,035,700 $1,539,688 $10,867,423 $4,496,012
2023 $6,058,032 $1,349,595 $7,669,343 $4,708,437
2022 $1,784,950 $1,081,345 $3,528,196 $703,605
2021 $1,403,481 $868,771 $754,154 $534,710
2020 $438,758 $317,376 $248,350 $121,382
2020 $438,758 $317,376 $248,350 $121,382
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