2020-02-20T10:31:43-06:00 2019-06-30 390758449 WIPFLI LLP 1 MARKET SQUARE AUGUSTA ME 043304637 990 2018-07-01 010504905 GULF OF MAINE RESEARCH INSTITUTE GULF 2077722321 350 COMMERCIAL STREET PORTLAND ME 04101 DONALD W PERKINS JR PRESIDENT 2077722321 2020-02-06 1 BOB DUBE CPA P01231018 2076224766 2020-02-06 174.196.192.226 2020-02-06 12:47:17 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F60847090D07EA8A664346B67C021E159FD4183C 2018 2020-09-23 17:36:50Z DONALD W PERKINS JR 350 COMMERCIAL STREET PORTLAND ME 04101 19129674 0 X WWW.GMRI.ORG X 1994 ME THE GULF OF MAINE RESEARCH INSTITUTE (GMRI) PIONEERS COLLABORATIVE SOLUTIONS TO GLOBAL OCEAN CHALLENGES. 23 22 85 25 0 0 4318764 13355257 112935 465410 53113 88751 54186 36026 4538998 13945444 0 0 0 0 3004322 6097033 16253 15035 1571776 2004747 4350149 5025322 10462217 -486324 3483227 17854866 22252142 1495789 1934990 16359077 20317152 X SEE SCHEDULE O. 0 0 3282550 16762 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. 2628776 122803 CONDUCT AND MANAGE INTERDISCIPLINARY, COLLABORATIVE, AND ACTION-ORIENTED RESEARCH TO INCREASE KNOWLEDGE OF THE ECOSYSTEMS AND ECONOMIES. 2441636 296677 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. 74587 77750 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. 74587 77750 8427549 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 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 47 0 1 85 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 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 CHARLES E MILLER CHAIR 2.00 1.00 X X 0 0 0 CORSON ELLIS DIRECTOR 1.00 X 0 0 0 DAVID T LAWRENCE DIRECTOR 1.00 2.00 X 0 0 0 DONALD W PERKINS JR PRESIDENT 40.00 5.00 X X 397739 0 89285 ELIZABETH SHISSLER DIRECTOR 1.00 X 0 0 0 FRANK BLAIR DIRECTOR 1.00 X 0 0 0 FRANK GOVERNALI VICE CHAIR 2.00 X X 0 0 0 FRANK SIMON DIRECTOR 1.00 X 0 0 0 JEAN GULLIVER DIRECTOR 1.00 X 0 0 0 JOSHUA B BRODER DIRECTOR 1.00 X 0 0 0 JOSHUA MADORE DIRECTOR 1.00 X 0 0 0 JULIA BRADY DIRECTOR 1.00 X 0 0 0 KATHERINE S POPE DIRECTOR 1.00 1.00 X 0 0 0 MARK MESSIER DIRECTOR 1.00 X 0 0 0 MICHAEL L MEYERS 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 ROBIN SAWYER TREASURER 2.00 2.00 X X 0 0 0 SHAWN GORMAN DIRECTOR 1.00 X 0 0 0 CHARLES BROLL DIRECTOR 1.00 X 0 0 0 RICHARD GANONG DIRECTOR 1.00 X 0 0 0 LISA HOOK DIRECTOR 1.00 X 0 0 0 RICHARD MERRICK DIRECTOR 1.00 X 0 0 0 CHARISSA KERR CHIEF FINANCIAL OFFICER 40.00 X 64185 0 14863 ELLEN GRANT CHIEF OPERATING OFFICER 40.00 X 164898 0 23815 BLAINE GRIMES CHIEF DEVELOPMENT OFFICER 40.00 X 178423 0 36744 ANDREW PERSHING CHIEF SCIENTIFIC OFFICER 40.00 X 151929 0 29649 LEIGH PEAKE CHIEF EDUCATION OFFICER 40.00 X 133459 0 19604 LISA KERR RESEARCH SCIENTIST 40.00 X 117235 0 4642 KATHY MILLS RESEARCH SCIENTIST 40.00 X 108374 0 4347 JONATHAN LABAREE CHIEF CONVENING OFFICER 40.00 X 112211 0 25922 GRAHAM SHERWOOD RESEARCH SCIENTIST 40.00 X 120622 0 21390 1549075 0 270261 10 0 1 0 UPSWELL 107 SE WASHINGTON STREET SUITE 238 PORTLAND OR 97214 COHEN CENTER NEW PROGRAMMING AND OTHER S 317282 CUSTOM COACH & LIMOUSINE 19 BARTLETT ROAD GORHAM ME 04038 BUSSING FOR STUDENTS 180433 ART GUILD INC 300 WOLF DRIVE WEST DEPTFORD NJ 08086 DONOR WALL 167655 3 4848114 8507143 998725 13355257 CONTRACT INCOME 900099 348608 348608 CONSULTING INCOME 900099 116802 116802 465410 107404 107404 5040 17596 -12556 -12556 -12556 5147981 5166634 -18653 -18653 -18653 PROPERTY MANAGEMENT FEE & OTHER 900099 48582 48582 48582 13945444 513992 0 76195 X 581096 503792 77304 3869213 2481414 815381 572418 146277 87956 28554 29767 1152689 662651 348337 141701 347758 213908 78210 55640 53157 43205 9952 52336 3298 49038 15035 15035 1800675 1776903 9772 14000 267272 111142 108349 47781 13105 11619 1486 195 195 657696 925 656771 325307 205870 68219 51218 19950 17479 1600 871 30843 30843 159313 159313 65398 65398 OTHER SPECIAL COSTS 642957 601227 41730 SUBCONTRACTED VESSELS 106750 106750 STAFF DEVELOPMENT 48099 3146 42555 2398 RECRUITMENT COSTS 29583 6901 4520 18162 77513 2093155 -2519198 503556 10462217 8427549 462892 1571776 106094 167460 2291127 3738299 2917723 3593371 793715 859256 49821 129641 6647079 1845665 4286002 4801414 5095050 6432016 50000 2315334 2480685 17854866 22252142 1094203 1123824 400606 810186 980 980 1495789 1934990 X 9308489 11055744 7050588 9261408 16359077 20317152 17854866 22252142 X 3483227 444188 30660 X 0 1 X 1 1 1 X 10030169 10502793 11002257 4318764 13355257 49209240 10030169 10502793 11002257 4318764 13355257 49209240 3279348 45929892 57596 78319 116135 68339 112444 432833 49642073 1835966 0.92520 0.94920 X PART II, SECTION A AND SECTION B COLUMN (E) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2019. COLUMN (D) REPRESENTS THE AMOUNTS FOR SHORT YEAR JANUARY 2018 - JUNE 2018. COLUMN (C) REPRESENTS THE AMOUNTS FOR CALENDAR YEAR 2017. COLUMN (B) REPRESENTS THE AMOUNTS FOR CALENDAR YEAR 2016. COLUMN (A) REPRESENTS THE AMOUNTS FOR CALENDAR YEAR 2015. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 20936 20936 0 PART II-B, LINE 1: PAID PINEAU POLICY ASSOCIATES FOR STATE OF MAINE LOBBYING. 4609382 1083108 410069 230259 5872300 4547374 208292 24892 171176 4609382 3099455 924679 534715 11475 4547374 2025222 901448 325042 152257 3099455 1728218 296293 711 2025222 0.81980 0.18020 0 0 1521336 1521336 324057 51989 272068 1070321 999791 70530 3731365 793885 2937480 4801414 ACCRUED INTEREST AND DIVIDEND RECEIVABLE 26649 BENEFICIAL INTEREST IN REMAINDER TRUST 156946 BENEFICIAL INTEREST IN POOLED INVESTMENTS HELD BY OTHERS 2297090 2480685 SECURITY DEPOSIT 980 980 X 14478068 444188 70840 17596 532624 13945444 0 13945444 10550653 70840 17596 88436 10462217 0 10462217 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 17,596. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 17,596. PART V, LINE 1 COLUMN (A) REPRESENTS THE AMOUNTS FOR SHORT YEAR JANUARY 2018 - JUNE 2018. COLUMN (B) REPRESENTS THE AMOUNTS FOR CALENDAR YEAR 2017. COLUMN (C) REPRESENTS THE AMOUNTS FOR CALENDAR YEAR 2016. COLUMN (D) REPRESENTS THE AMOUNTS FOR CALENDAR YEAR 2015. COLUMN (E) REPRESENTS THE AMOUNTS FOR CALENDAR YEAR 2014. X X X X X X 1 THE SOLSTICE GROUP INC 67 HURD ROAD FREEVILLE NY 13068 FUNDRAISING CONSULTING 0 0 15035 0 15035 ME NH CT NY MA X X X X X 0 1 0 1 0 0 0 1 0 DONALD W PERKINS JR PRESIDENT 304864 0 87520 0 5355 0 69885 0 19400 0 487024 0 78635 0 ELLEN GRANT CHIEF OPERATING OFFICER 150245 0 14653 0 0 0 6950 0 16865 0 188713 0 0 0 BLAINE GRIMES CHIEF DEVELOPMENT OFFICER 162675 0 15748 0 0 0 6837 0 29907 0 215167 0 0 0 ANDREW PERSHING CHIEF SCIENTIFIC OFFICER 146929 0 5000 0 0 0 6367 0 23282 0 181578 0 5000 0 LEIGH PEAKE CHIEF EDUCATION OFFICER 124014 0 5000 0 4445 0 5397 0 14207 0 153063 0 5000 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 2018 $8,885 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 2018, $8,885 WAS EARNED AND ACCRUED. PART I, LINE 7 DONALD PERKINS, ELLEN GRANT, BLAINE GRIMES, LEIGH PEAKE, ANDREW PERSHING, AND LISA KERR ALL RECEIVED BONUSES DURING THE YEAR, BASED ON THEIR PERFORMANCE THROUGHOUT THE YEAR. X 34 998725 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 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 1,280,633. MANAGEMENT AND GENERAL EXPENSES 3,446. FUNDRAISING EXPENSES 14,000. TOTAL EXPENSES 1,298,079. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 496,270. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 496,270. RECEPTIONIST SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,326. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,326. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS FROM GMP 30,660. 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 100613 65156 1.00000 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 660158 ACCOUNTING RECORDS GULF OF MAINE PROPERTIES INC L 99304 ACCOUNTING RECORDS GULF OF MAINE PROPERTIES INC D 3078391 TAX EXEMPT BOND ISSUE GULF OF MAINE PROPERTIES INC (GUARANTOR) E 378300 O/S PRINCIPAL BALANCE GULF OF MAINE PROPERTIES INC (GUARANTOR) E 424665 O/S PRINCIPAL BALANCE GULF OF MAINE PROPERTIES INC (GUARANTOR) E 400000 LINE OF CREDIT LMTS ($0 O/S) GULF OF MAINE PROPERTIES INC S 30660 BOOK VALUE GULF OF MAINE SASHIMI INC B 50000 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.