2022-03-23T07:51:31-05:00 2021-06-30 390758449 WIPFLI LLP 1 MARKET SQUARE AUGUSTA ME 043304637 990 2020-07-01 010504905 GULF OF MAINE RESEARCH INSTITUTE GULF 2077722321 350 COMMERCIAL STREET PORTLAND ME 04101 DONALD W PERKINS JR PRESIDENT 2077722321 2022-03-08 1 DONALD PERKINS JR 999009999 BOB DUBE CPA P01231018 2076224766 2022-03-07 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DONALD W PERKINS JR 350 COMMERCIAL STREET PORTLAND ME 04101 13916796 0 X WWW.GMRI.ORG X 1994 ME THE GULF OF MAINE RESEARCH INSTITUTE (GMRI) PIONEERS COLLABORATIVE SOLUTIONS TO GLOBAL OCEAN CHALLENGES. 25 24 94 25 0 0 15183247 12182676 447784 461826 151962 324856 159953 78621 15942946 13047979 0 0 0 0 6757988 7479420 9447 0 1985923 5325096 3964051 12092531 11443471 3850415 1604508 26242989 29423293 2240525 1817013 24002464 27606280 X SEE SCHEDULE O. 1 0 2870700 34214 ENGAGE K-12 STUDENTS AND TEACHERS IN AUTHENTIC SCIENCE EXPERIENCES THAT INCREASE THEIR UNDERSTANDING OF THE NATURE OF SCIENCE, AWARENESS OF ECOSYSTEM COMPLEXITY, AND SKILLS USING DATA TO SUPPORT CRITICAL THINKING. 3134210 108193 CONDUCT AND MANAGE INTERDISCIPLINARY, COLLABORATIVE, AND ACTION-ORIENTED RESEARCH TO INCREASE KNOWLEDGE OF THE ECOSYSTEMS AND ECONOMIES. 2003941 156630 ENGAGE MARINE STAKEHOLDERS AND OTHER INTERESTED PUBLIC THROUGH CONVENINGS, TRAININGS, AND OTHER FORMS OF TECHNICAL ASSISTANCE TO SUPPORT LEARNING ABOUT ECOSYSTEM, BUSINESS, AND POLICY CHALLENGES AND DECISION-MAKING THAT CONTRIBUTES TO OCEAN AND COASTAL COMMUNITY RESILIENCE. 634591 254594 GMRI PROVIDES PROPERTY MANAGEMENT SERVICES TO GMP, WHOSE PURPOSE IS TO SUPPORT GMRI, AND RECEIVES OTHER EXEMPT PURPOSE REVENUE WHICH SUPPORTS GMRI'S EXEMPT PURPOSE. 261878 0 CLIMATE CENTER SUPPORTS LOCAL, STATE, NATIONAL, AND GLOBAL CLIMATE ACTIONS THAT WILL EMPOWER COASTAL COMMUNITIES TO THRIVE IN A WARMER WORLD. THIS INTERDICIPLINARY CENTER LEVERAGES THE GULF OF MAINE RESEARCH INSTITUTE'S UNIQUE MIX OF SCIENCE, EDUCATION, AND COMMUNITY EXPERTISE TO PROVIDE FORWARD-LOOKING LEADERSHIP. 896469 254594 8905320 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 46 0 1 94 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DONALD W PERKINS JR 2077722321 350 COMMERCIAL STREET PORTLAND ME 04101 LUKE HOLDEN DIRECTOR 1.00 X 0 0 0 FRANK BLAIR DIRECTOR 1.00 X 0 0 0 BETH SHISSLER VICE CHAIR 2.00 1.00 X X 0 0 0 DONALD W PERKINS JR PRESIDENT/CEO 40.00 5.00 X X 428356 0 142401 ANNE OLIVIERO DIRECTOR 1.00 X 0 0 0 PAT PANAIA DIRECTOR 1.00 X 0 0 0 TRISH HIGGINS DIRECTOR 1.00 X 0 0 0 FRANK GOVERNALI CHAIR 2.00 1.00 X X 0 0 0 FRANK SIMON DIRECTOR 1.00 X 0 0 0 JEAN GULLIVER DIRECTOR 1.00 X 0 0 0 ROBIN SAWYER TREASURER 2.00 2.00 X X 0 0 0 MIKE BONNEY SECRETARY 2.00 2.00 X X 0 0 0 PENNY NOYCE DIRECTOR 1.00 X 0 0 0 R SCOTT MAHONEY DIRECTOR 1.00 X 0 0 0 DENISE DESCHENES DIRECTOR 1.00 X 0 0 0 CHARLIE BROLL DIRECTOR 1.00 X 0 0 0 MARGARET ANGELL DIRECTOR 1.00 X 0 0 0 MIKE LANE DIRECTOR 1.00 X 0 0 0 DAVID SMITH DIRECTOR 1.00 X 0 0 0 RICHARD MERRICK DIRECTOR 1.00 X 0 0 0 LISA HOOK DIRECTOR 1.00 X 0 0 0 RICK GANONG DIRECTOR 1.00 X 0 0 0 JULIA BRADY DIRECTOR 1.00 X 0 0 0 CHARLES E MILLER ESQ DIRECTOR 1.00 2.00 X 0 0 0 MATTHEW O'REILLY DIRECTOR 1.00 X 0 0 0 CHARISSA KERR CHIEF FINANCIAL OFFICER 40.00 X 136958 0 8347 ANDREW PERSHING PAST CHIEF SCIENTIFIC OFFICER 40.00 X 150799 0 17760 ELLEN GRANT PAST CHIEF OPERATING OFFICER 40.00 X 185712 0 13878 BLAINE GRIMES CHIEF VENTURES OFFICER 40.00 X 195755 0 22155 LEIGH PEAKE CHIEF EDUCATION OFFICER 40.00 X 166330 0 17214 GRAHAM SHERWOOD RESEARCH SCIENTIST 40.00 X 129751 0 18412 KATHY MILLS RESEARCH SCIENTIST 40.00 X 122858 0 7325 JILL HARLOW PAST DIRECTOR OF ORG. GIVING 40.00 X 129173 0 7061 JONATHAN LABAREE CHIEF CONVENING OFFICER 40.00 X 120841 0 17792 LISA KERR RESEARCH SCIENTIST 40.00 X 115182 0 6856 1881715 0 279201 16 0 1 0 UPSWELL 555 SE MLK BLVD SUITE 520 PORTLAND OR 97214 COHEN CENTER NEW PROGRAMMING AND OTHER S 291704 THE MARINE BIOLOGICAL ASSOCIATION OF THE THE LABORATORY CITADEL HILL PLYMOUTH UK ANALYSIS WORK 138698 2 5606712 6575964 787940 12182676 CONTRACT INCOME 900099 443517 443517 CONSULTING INCOME 900099 18309 18309 461826 138395 138395 5040 18224 -13184 -13184 -13184 937054 100000 771663 78930 165391 21070 186461 186461 PROPERTY MANAGEMENT FEE & OTHER 900099 91805 91805 91805 13047979 553631 0 311672 X 681376 681376 4815629 3020679 851977 942973 235657 150462 51419 33776 1353684 771588 397459 184637 393074 239527 99831 53716 76916 43367 33549 58598 5965 52633 2157354 2041780 77442 38132 275392 57159 174592 43641 28069 24732 3337 684369 684369 46874 25086 15428 6360 3545 2251 827 467 3479 3479 265822 265822 75478 75478 OTHER SPECIAL COSTS 196014 156091 -6787 46710 STAFF DEVELOPMENT 34815 1758 31307 1750 DUES AND SUBSCRIPTIONS 15070 1814 3996 9260 BANK FEES 14681 14639 42 27575 2363061 -2959945 624459 11443471 8905320 552228 1985923 312564 613833 5783763 5269004 4527164 3970879 877498 1233627 50000 88760 77736 6989368 2369937 4829484 4619431 7188635 10593065 107820 -356583 2527301 3352301 26242989 29423293 1374912 1814483 265605 0 600008 2530 2240525 1817013 X 12180907 15017907 11821557 12588373 24002464 27606280 26242989 29423293 X 1604508 2628736 -629428 X 0 1 X 1 1 1 X 11002257 4318764 13355257 15183247 12182676 56042201 11002257 4318764 13355257 15183247 12182676 56042201 2265287 53776914 116135 68339 112444 148345 143435 588698 56630899 2296457 0.94960 0.94500 X PART II, SECTION A AND SECTION B COLUMN (E) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2021. COLUMN (D) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2020. COLUMN (C) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2019. COLUMN (B) REPRESENTS THE AMOUNTS FOR SHORT YEAR JANUARY 2018 - JUNE 2018. COLUMN (A) REPRESENTS THE AMOUNTS FOR CALENDAR YEAR 2017. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 37800 37800 0 PART II-B, LINE 1: PAID PINEAU POLICY ASSOCIATES FOR STATE OF MAINE LOBBYING. 6848441 1616576 2026808 287863 10203962 5872300 964793 281591 270243 6848441 4609382 1083108 410069 230259 5872300 4547374 208292 24892 171176 4609382 3099455 924679 534715 11475 4547374 0.81500 0.18500 0 0 1521336 1521336 324057 95197 228860 1054409 890651 163758 4089566 1384089 2705477 4619431 ACCRUED INTEREST AND DIVIDEND RECEIVABLE 36011 BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 220244 BENEFICIAL INTEREST IN POOLED INVESTMENTS HELD BY OTHERS 3096046 3352301 SECURITY DEPOSIT 980 CAPITAL LEASE PAYABLE 1550 2530 X 15927920 2628736 232981 18224 2879941 13047979 0 13047979 11694676 232981 18224 251205 11443471 0 11443471 PART V, LINE 4: THE INTENDED USE OF THESE ENDOWMENT FUNDS IS FOR LONG-TERM INVESTMENT PURPOSES. THE INCOME IS TO BE USED TO HELP MEET THE OPERATING COSTS OF GMRI AND, IF NECESSARY, THE BALANCE IS TO PROVIDE A LAST-RESORT SOURCE OF FUNDS IN THE CASE OF SERIOUS FINANCIAL NEED. PART X, LINE 2: GMRI AND GMPINC HAVE BEEN DETERMINED TO BE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAVE BOTH BEEN CLASSIFIED AS PUBLICLY SUPPORTED ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS UNDER SECTION 509(A) OF THE CODE. THE INSTITUTE HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. THE INSTITUTE IS SUBJECT TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THREE YEARS AFTER THE FILING OF THE INSTITUTE'S RETURN. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 18,224. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 18,224. PART V, LINE 1 COLUMN (A) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2021. COLUMN (B) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2020. COLUMN (C) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2019. COLUMN (D) REPRESENTS THE AMOUNTS FOR SHORT YEAR JANUARY 2018 - JUNE 2018. COLUMN (E) REPRESENTS THE AMOUNTS FOR CALENDAR YEAR 2017. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE CONTRACT WORK PERFORMED IN THE UK 45020 0 0 0 0 0 0 45020 0 45020 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X 0 1 0 1 0 0 0 1 0 DONALD W PERKINS JR PRESIDENT/CEO 330142 0 81862 0 16352 0 123962 0 18439 0 570757 0 0 0 BLAINE GRIMES CHIEF VENTURES OFFICER 195497 0 0 0 258 0 11964 0 10191 0 217910 0 0 0 ELLEN GRANT PAST CHIEF OPERATING OFFICER 182916 0 0 0 2796 0 10844 0 3034 0 199590 0 0 0 LEIGH PEAKE CHIEF EDUCATION OFFICER 147198 0 9461 0 9671 0 9124 0 8090 0 183544 0 0 0 ANDREW PERSHING PAST CHIEF SCIENTIFIC OFFICER 150719 0 0 0 80 0 9000 0 8760 0 168559 0 0 0 PART I, LINE 4B DONALD PERKINS PARTICIPATES IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN UNDER SECTIONS 409 AND 457 OF THE INTERNAL REVENUE CODE WITH A TOTAL OBLIGATION OF $250,000. THE PLAN IS FULLY VESTED BY DECEMBER 2020 UNLESS THE EXECUTIVE VOLUNTARILY LEAVES THE INSTITUTE OR THE BOARD DISMISSES THE EXECUTIVE OTHER THAN FOR CAUSE BEFORE THAT DATE. IN THIS CASE VESTING IS PRO-RATED BASED ON FULL MONTHS OF EMPLOYMENT. FUNDING OF THIS PLAN BEGAN IN 2016, AND PAYMENTS START IN 2021. PART I, LINE 5 EXECUTIVE EMPLOYMENT AGREEMENT EFFECTIVE JANUARY 1, 2016, THE INSTITUTE ENTERED INTO AN EMPLOYMENT AGREEMENT WITH THEIR EXECUTIVE. THE AGREEMENT'S TOTAL COMPENSATION IS CONTINGENT UPON THE EXECUTIVE'S EMPLOYMENT THROUGH DECEMBER 31, 2020 AND REACHING LONG-TERM GOALS. PORTIONS ARE PRO-RATED BASED ON MONTHS OF EMPLOYMENT SHOULD THE EXECUTIVE VOLUNTARILY LEAVE OR THE BOARD DISMISSES THE EXECUTIVE FOR OTHER THAN CAUSE BEFORE THAT DATE. THE AGREEMENT INCLUDES: -ANNUAL PERFORMANCE PAYMENTS THROUGH 2020 FOR SUCCESS AGAINST FINANCIAL AND OTHER ORGANIZATIONAL GOALS, AS DETERMINED BY THE BOARD OF DIRECTORS. IN 2020 $56,862 WAS EARNED. -DEFERRED INCENTIVE COMPENSATION FOR PROGRESS ON MEETING LONG-TERM FINANCIAL GOALS FROM 2015 THROUGH 2020, UNDER WHICH PAYMENTS WILL BE MADE STARTING IN 2021. IN 2020, $56,862 WAS EARNED AND ACCRUED. PART I, LINE 7 DONALD PERKINS, JILL HARLOW, CHARISSA KERR, AND LEIGH PEAKE RECEIVED BONUSES DURING THE YEAR, BASED ON THEIR PERFORMANCE THROUGHOUT THE YEAR. X 31 787940 MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES AN INVESTMENT FIRM TO SELL ANY STOCK CONTRIBUTIONS IT RECEIVES. FORM 990, PART III, LINE 1 MUCH OF GMRI'S WORK IS FOCUSED ON THE NORTH ATLANTIC, WITH EMPHASIS ON THE GULF OF MAINE, AS A BIOREGION THAT IS EXPERIENCING RAPID CHANGE. SCIENCE, EDUCATION, AND COMMUNITY PROGRAMS ARE INTEGRATED TO SUPPORT SOLUTIONS THAT BROADLY BENEFIT THE BIOREGION AND IT'S DIVERSE COMMUNITIES OVER GENERATIONS TO COME. THE ORGANIZATION ALSO COLLABORATES TO DESIGN, CONDUCT, AND ADVISE PROGRAMMING IN OTHER MARINE ECOSYSTEMS AND COMMUNITIES AROUND THE WORLD. FORM 990, PART III, LINE 2 CLIMATE CENTER SUPPORTS LOCAL, STATE, NATIONAL, AND GLOBAL CLIMATE ACTIONS THAT WILL EMPOWER COASTAL COMMUNITIES TO THRIVE IN A WARMER WORLD. THIS INTERDICIPLINARY CENTER LEVERAGES THE GULF OF MAINE RESEARCH INSTITUTE'S UNIQUE MIX OF SCIENCE, EDUCATION, AND COMMUNITY EXPERTISE TO PROVIDE FORWARD-LOOKING LEADERSHIP FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS THE FOLLOWING REVIEW AND APPROVAL PROCESS: 1. 990 FILINGS ARE REVIEWED BY GMRI FINANCIAL STAFF. 2. COPIES OF 990 FILINGS ARE THEN PROVIDED TO THE PRESIDENT AND FINANCE COMMITTEE. 3. COPIES OF THE FINAL 990 FILING ARE PROVIDED TO THE ORGANIZATION'S DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C STAFF AND BOARD ARE MINDFUL OF THE POTENTIAL FOR CONFLICT OF INTEREST. IF ONE ARISES, WE DISCUSS AND ADDRESS THE ISSUE. ANNUALLY BOARD MEMBERS ARE PRESENTED WITH A DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 STAFF AND EXTERNAL STAKEHOLDERS ARE ASKED TO GIVE INPUT ON THE PERFORMANCE OF THE PRESIDENT. THE INFORMATION IS THEN COMPILED AND THE RESULTS SUMMARIZED. THE CHAIRMAN OF THE BOARD COLLECTS ALL INPUTS AND REVIEWS THE RESULTS WITH THE EXECUTIVE COMMITTEE. ANNUALLY THE PRESIDENT AND CHIEF OPERATING OFFICER CONDUCT A REVIEW OF COMPENSATION OF KEY EMPLOYEES. PERIODICALLY EXTERNAL SURVEYS AND COMPARISONS ARE DONE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE. FORM 990, PART IX, LINE 11G SUBCONTRACTED RESEARCH AND OTHER SERVICES: PROGRAM SERVICE EXPENSES 1,430,373. MANAGEMENT AND GENERAL EXPENSES 48,908. FUNDRAISING EXPENSES 1,769. TOTAL EXPENSES 1,481,050. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 611,407. MANAGEMENT AND GENERAL EXPENSES -101. FUNDRAISING EXPENSES 36,363. TOTAL EXPENSES 647,669. RECEPTIONIST SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 28,635. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,635. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SUBSIDIARIES -660,472. TRANSFER OF ASSETS FROM GMP 31,044. FORM 990 - THROUGHOUT: REFERENCE TO GMPINC IS THE GULF OF MAINE PROPERTIES, INC., WHOSE NAME HAS BEEN SHORTENED ON THIS FORM IN ORDER TO FIT WITHIN THE SPACES PROVIDED. GULF OF MAINE PROPERTIES INC 350 COMMERCIAL STREET PORTLAND ME 04101 201480528 SEE SCHEDULE R, PART VII ME 501(C)(3) LINE 12A, I GULF OF MAINE RESEARCH INSTITUTE 1 GULF OF MAINE PROPERTIES I A CONDOMINIUM 350 COMMERCIAL STREET PORTLAND ME 04101 352446323 CONDOMINIUM ASSOCIATION ME GULF OF MAINE PROPERTIES INC C 1.00000 1 GULF OF MAINE SASHIMI INC 350 COMMERCIAL STREET PORTLAND ME 04101 832833089 SALE OF SASHIMI GRADE FISH ME GULF OF MAINE RESEARCH INSTITUTE C 670660 709295 1.00000 1 NEW ENGLAND MARINE MONITORING INC 350 COMMERCIAL STREET PORTLAND ME 04101 842136886 ELECTRONIC MONITORING SERVICES ME GULF OF MAINE RESEARCH INSTITUTE C 761278 1 0 1 0 1 1 0 0 0 0 0 1 1 0 0 0 0 1 0 1 GULF OF MAINE PROPERTIES INC K 678296 ACCOUNTING RECORDS GULF OF MAINE PROPERTIES INC L 97100 ACCOUNTING RECORDS GULF OF MAINE PROPERTIES INC D 2819513 TAX EXEMPT BOND ISSUE GULF OF MAINE PROPERTIES INC (GUARANTOR) E 1000000 LINE OF CREDIT LMTS ($0 O/S) GULF OF MAINE PROPERTIES INC S 31044 BOOK VALUE GULF OF MAINE SASHIMI INC B 75000 FMV NEW ENGLAND MARINE MONITORING INC B 200000 FMV SCHEDULE R, PART II, COLUMN B - GMP INC'S PRIMARY ACTIVITY TO ACQUIRE, HOLD, MANAGE, DEVELOP, OR DISPOSE OF REAL PROPERTY FOR THE BENEFIT OF AND IN CONNECTION WITH GMRI.