MARINE SCIENCE FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
MARINE SCIENCE FOUNDATION (EIN 83-2515263)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-14
IRS object ID
202313189349305736
Schema version
2022v5.0
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)
Return2023-11-14T11:47:12-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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 Line17560 SW JACK JAMES DRIVEAddressLine1Txt
CitySTUARTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34997ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRAD KINGPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4108019404PhoneNum
Signature2023-11-13SignatureDt
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
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHADDEUS N TOAL CPAPreparerPersonNm
PTINP00780668PTIN
Phone4102240343PhoneNum
Preparation2023-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRAD KINGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line17304 SE PIERRE CIRCLEAddressLine1Txt
CitySTUARTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34997ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,784,950GrossReceiptsAmt
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$1,403,481PYContributionsGrantsAmt
CY Contributions Grants$1,784,944CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$6CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,403,481PYTotalRevenueAmt
CY Total Revenue$1,784,950CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$397,975PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$475,987CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$470,796PYOtherExpensesAmt
CY Other Expenses$605,358CYOtherExpensesAmt
PY Total Expenses$868,771PYTotalExpensesAmt
CY Total Expenses$1,081,345CYTotalExpensesAmt
PY Revenues Less Expenses$534,710PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$703,605CYRevenuesLessExpensesAmt
Total Assets BOY$754,154TotalAssetsBOYAmt
Total Assets EOY$3,528,196TotalAssetsEOYAmt
Total Liabilities BOY$97,614TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,168,380TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$656,540NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,359,816NetAssetsOrFundBalancesEOYAmt
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$1,081,345ExpenseAmt
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$1,081,345TotalProgramServiceExpensesAmt
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 LiabilitiesYes (true)ReportOtherLiabilitiesInd
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 Document8IRPDocumentCnt
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 BodyYes (true)Form990ProvidedToGvrnBodyInd
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 Line17304 SE PIERRE CIRCLEAddressLine1Txt
CitySTUARTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34997ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BRAD KING
PRESIDENT40.000.00Yes (X)Yes (X)$150,000$0$0
BRIAN MCGARVEY
CHIEF INFORM40.000.00Yes (X)$149,401$0$0
SHARI KING
CHIEF FINANC20.000.00Yes (X)$48,960$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$348,361TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$1,203,620GovernmentGrantsAmt
All Other Contributions$581,324AllOtherContributionsAmt
Total Contributions$1,784,944TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6TotalRevenueColumnAmt
Exclusion$6ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,784,950TotalRevenueColumnAmt
Exclusion$6ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$348,361TotalAmt
Program Services$348,361ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$37,908TotalAmt
Program Services$37,908ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$89,718TotalAmt
Program Services$89,718ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$371,538TotalAmt
Program Services$371,538ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$124,435TotalAmt
Program Services$124,435ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$38,181TotalAmt
Program Services$38,181ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$42,828TotalAmt
Program Services$42,828ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
IR&D$14,269$14,269
OTHER DIRECT COSTS$14,079$14,079
OTHER EXPENSES$28$28

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,081,345TotalAmt
Program Services$1,081,345ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$619,784BOYAmt
EOY$3,516,492EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$122,666BOYAmt

Intangible Assets IntangibleAssetsGrp

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

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$754,154BOYAmt
EOY$3,528,196EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$82,653BOYAmt
EOY$70,311EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$2,097,337EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$14,961BOYAmt
EOY$285EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
EOY$447EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$97,614BOYAmt
EOY$2,168,380EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$656,540BOYAmt
EOY$1,359,816EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$656,540BOYAmt
EOY$1,359,816EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$754,154BOYAmt
EOY$3,528,196EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$703,605ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$329OtherChangesInNetAssetsAmt
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 Minus2 Years$435,757CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,403,481CurrentTaxYearMinus1YearAmt
Current Tax Year$1,784,944CurrentTaxYearAmt
Total$3,624,182TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$3,001CurrentTaxYearMinus2YearsAmt
Total$3,001TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$438,758CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,403,481CurrentTaxYearMinus1YearAmt
Current Tax Year$1,784,944CurrentTaxYearAmt
Total$3,627,183TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$3,627,183PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year$6CurrentTaxYearAmt
Total$6TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year$6CurrentTaxYearAmt
Total$6TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$438,758CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,403,481CurrentTaxYearMinus1YearAmt
Current Tax Year$1,784,950CurrentTaxYearAmt
Total$3,627,189TotalAmt
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 D IRS990ScheduleD

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescSHAREHOLDER LOAN PAYABLEDesc
Amt$447Amt
FieldValueIRS element (for citing)
Total Liability$447TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 2BRAD KING SHARI KING MARRIED
FORM 990, PAGE 6, PART VI, LINE 11BCOPY PROVIDED TO BOARD MEMBERS AND RESULTS AND ACTIVITIES DISCUSSED. RETURN COMPARRED TO ORGANIZATIONS BOOKS AND RECORDS.
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 11GSUBCONTRACTOR LABOR 365,229 0 0 SUBCONTRACTOR - OTHER 6,309 0 0 TOTAL 371,538 0 0
FORM 990, PART XI, LINE 9PY RETAINED EARNINGS ADJUSTMENT -329

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