MARINE SCIENCE FOUNDATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MARINE SCIENCE FOUNDATION (EIN 83-2515263)
Tax period
2021-01-01 to 2021-12-31
Filed
2023-02-13
IRS object ID
202340449349301204
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-02-13T10:35:09-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN814693463PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COMPASS US ACCOUNTANTS & ADVISORSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1130 ADMIRAL COCHRANE DR SUITE 200AddressLine1Txt
CityANNAPOLISCityNm
State AbbreviationMDStateAbbreviationCd
ZIP214017368ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832515263EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARINE SCIENCE FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMARIBusinessNameControlTxt
Phone4108019404PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17304 SE PIERRE CIRCLEAddressLine1Txt
CitySTUARTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34997ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRAD KINGPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4108019404PhoneNum
Signature2023-02-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBRADPersonFirstNm
Person LastKINGPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHADDEUS N TOAL CPAPreparerPersonNm
PTINP00780668PTIN
Phone4102240343PhoneNum
Preparation2023-02-13PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRAD KINGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1332 LOBLOLLY WAYAddressLine1Txt
CityGRASONVILLECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21638ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,403,481GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MARINESCIENCEFOUNDATION.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Activity Or MissionOUR 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.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$435,757PYContributionsGrantsAmt
CY Contributions Grants$1,403,481CYContributionsGrantsAmt
PY Program Service Revenue$3,000PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$438,758PYTotalRevenueAmt
CY Total Revenue$1,403,481CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$24,176PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$63,465CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$293,200PYOtherExpensesAmt
CY Other Expenses$805,306CYOtherExpensesAmt
PY Total Expenses$317,376PYTotalExpensesAmt
CY Total Expenses$868,771CYTotalExpensesAmt
PY Revenues Less Expenses$121,382PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$534,710CYRevenuesLessExpensesAmt
Total Assets BOY$248,350TotalAssetsBOYAmt
Total Assets EOY$754,154TotalAssetsEOYAmt
Total Liabilities BOY$126,520TotalLiabilitiesBOYAmt
Total Liabilities EOY$97,614TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$121,830NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$656,540NetAssetsOrFundBalancesEOYAmt
MissionOUR MISSION IS TO BRING THE LATEST ADVANCEMENTS IN SENSOR AND DATA COLLECTION/ANALYSIS TECHNOLOGY TO MARINE SCEINTISTS AND LABORATORIES TO FURTHER MARINE CONSERVATION RESEARCH.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$868,771ExpenseAmt
DescMSF'S PURPOSE IS TO BRING THE LATEST IN SENSOR AND DATA COLLECTION.ANALYSIS TECHNOLOGY ADVANCEMENTS TO MARINE SCIENTIST AND LABORATORIES AROUND THE WORLD TO ADVANCE MARINE CONSERVATION AND RESEARCH.Desc
Total Program Service Expenses$868,771TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee5EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBRAD KINGPersonNm
Phone4108019404PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1332 LOBLOLLY WAYAddressLine1Txt
CityGRASONVILLECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21638ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BRAD KING
PRESIDENT40.00Yes (X)Yes (X)$0$0$0
SHARI KING
BOARD MEMBER40.00Yes (X)$0$0$0
BRIAN MCGARVEY
BOARD MEMBER1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$1,403,481GovernmentGrantsAmt
Total Contributions$1,403,481TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,403,481TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$63,465TotalAmt
Program Services$63,465ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$675,201TotalAmt
Program Services$675,201ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$108,431TotalAmt
Program Services$108,431ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$7,163TotalAmt
Program Services$7,163ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,348TotalAmt
Program Services$4,348ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
OTHER DIRECT COSTS$10,046$10,046
MISCELLANEOUS$117$117

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$868,771TotalAmt
Program Services$868,771ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$144,934BOYAmt
EOY$619,784EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$90,812BOYAmt
EOY$122,666EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$12,604BOYAmt
EOY$11,704EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$248,350BOYAmt
EOY$754,154EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$98,055BOYAmt
EOY$82,653EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$28,465BOYAmt
EOY$14,961EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$126,520BOYAmt
EOY$97,614EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$121,830BOYAmt
EOY$656,540EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$121,830BOYAmt
EOY$656,540EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$248,350BOYAmt
EOY$754,154EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$534,710ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$435,757CurrentTaxYearMinus1YearAmt
Current Tax Year$1,403,481CurrentTaxYearAmt
Total$1,839,238TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$3,001CurrentTaxYearMinus1YearAmt
Total$3,001TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$438,758CurrentTaxYearMinus1YearAmt
Current Tax Year$1,403,481CurrentTaxYearAmt
Total$1,842,239TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$1,842,239PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$438,758CurrentTaxYearMinus1YearAmt
Current Tax Year$1,403,481CurrentTaxYearAmt
Total$1,842,239TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5091.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 2BRAD KING SHARI KING MARRIED
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 15AA SALARY SURVEY WAS USED TO JUSTIFY SALARY. THE EXECUTIVE DIRECTOR AND CEO SALARY IS WELL BELOW THE SALARY SURVEY. THEY ARE THE ONLY TWO KEY PEOPLE IN THE COMPANY.
FORM 990, PAGE 6, PART VI, LINE 15BA SALARY SURVEY WAS USED TO JUSTIFY SALARY. THE EXECUTIVE DIRECTOR AND CIO SALARY IS WELL BELOW THE SALARY SURVEY. THEY ARE THE ONLY TWO KEY PEOPLE IN COMPANY.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC
FORM 990, PART IX, LINE 11GDIRECT COST LABOR 334,510 0 0 SUBCONTRACTOR LABOR 337,262 0 0 SUBCONTRACTOR - OTHER 3,429 0 0 TOTAL 675,201 0 0

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