2018-07-26T10:39:27-05:00 2017-12-31 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2017-01-01 010504905 GULF OF MAINE RESEARCH INSTITUTE GULF 2077722321 350 COMMERCIAL STREET PORTLAND ME 04101 DONALD W PERKINS JR PRESIDENT 2077722321 2018-07-25 1 ROBERT P DUBE JR P01231018 2077745701 2018-07-25 X 2017 2022-09-23 18:48:47Z DONALD W PERKINS JR 350 COMMERCIAL STREET PORTLAND ME 04101 13811483 0 X WWW.GMRI.ORG X 1994 ME THE GULF OF MAINE RESEARCH INSTITUTE (GMRI) PIONEERS COLLABORATIVE SOLUTIONS TO GLOBAL OCEAN CHALLENGES. GMRI SOLVES TOUGH PROBLEMS WITHIN TWO COMPLEX SYSTEMS - MARINE RESOURCES AND SCIENCE EDUCATION - THAT HAVE AN ENORMOUS IMPACT ON THE SUSTAINABILITY OF NEW ENGLAND COMMUNITIES. 19 18 82 25 0 0 10502793 11002257 253376 308503 55244 105615 121869 131276 10933282 11547651 0 0 0 0 5701332 5934212 68217 52094 1466995 3561472 4068769 9331021 10055075 1602261 1492576 15860169 18195874 1231211 1369803 14628958 16826071 X SEE SCHEDULE O. 0 0 2989663 9482 EDUCATE K-12 STUDENTS AND TEACHERS ABOUT THE GULF OF MAINE BIOREGION. 3213126 108537 MANAGE AND CONDUCT MARINE RESEARCH PRIMARILY RELATED TO THE GULF OFMAINE BIOREGION, WITH A MINOR AMOUNT OF RESEARCH RELATED TO OTHER OCEANECOSYSTEMS. 1843617 190484 PROVIDE PROGRAMS FOR TRAINING, TECHNICAL ASSISTANCE, COMMUNICATIONSAND CONVENING FOR STAKEHOLDERS AND GENERAL PUBLIC IN POLICY ANDEMERGING CHALLENGES PRIMARILY RELATED TO THE GULF OF MAINE BIOREGION,WITH A MINOR AMOUNT OF COLLABORATIVE PROGRAM DEVELOPMENT IN OTHER OCEANREGIONS. 127951 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. 127951 8046406 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 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 42 0 1 82 1 0 0 0 0 0 0 0 0 0 0 X 19 18 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 1.00 X 0 0 0 DONALD W PERKINS JR PRESIDENT 35.00 5.00 X X 391921 0 195046 JULIA BRADY DIRECTOR 1.00 X 0 0 0 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 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 KATHERINE S POPE DIRECTOR 1.00 1.00 X 0 0 0 MARK MESSIER DIRECTOR 1.00 X 0 0 0 SHAWN GORMAN DIRECTOR 1.00 X 0 0 0 FRANK SIMON 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 ANDREW PERSHING CHIEF SCIENTIFIC OFFICER 40.00 X 150270 0 29052 BLAINE GRIMES CHIEF DEVELOPMENT OFFICER 40.00 X 195717 0 32401 ELLEN GRANT CHIEF OPERATING OFFICER 40.00 X 154214 0 24047 CHIN-HWA SUN RESEARCH SCIENTIST 40.00 X 151012 0 27560 LEIGH PEAKE CHIEF EDUCATION OFFICER 40.00 X 145990 0 20541 1189124 0 328647 12 0 1 0 CUSTOM COACH AND LIMOUSINE 19 BARTLETT RD GORHAM ME 04038 BUS TRANSPORTATION 173869 1 4542355 6459902 779101 11002257 CONTRACT INCOME 900099 285822 285822 CONSULTING INCOME 900099 22681 22681 308503 106895 106895 9240 5915 3325 3325 3325 2256637 2257917 -1280 -1280 -1280 PROPERTY MANAGEMENT FEE 900099 116270 116270 OTHER 900099 11681 11681 127951 11547651 436454 0 108940 X 426733 369463 57270 3971890 2517077 926154 528659 139532 81617 32055 25860 1067820 651776 289707 126337 328237 207476 63917 56844 1802 1802 40948 40948 52094 52094 1186318 1137710 48608 254945 82948 123364 48633 5292 4034 1258 657792 1000 656792 351047 225617 66204 59226 22148 19339 946 1863 16645 16645 144140 144140 51098 51098 OTHER SPECIAL COSTS 1086453 1036567 66 49820 SUBCONTRACTED VESSELS 136260 136260 STAFF DEVELOPMENT 42791 763 39689 2339 DUES AND SUBSCRIPTIONS 23574 6476 7805 9293 47516 1937746 -2338987 448757 10055075 8046406 541674 1466995 523801 300313 2588087 3647046 2775959 2559026 699723 916319 18118 19771 6360837 2503952 3921356 3856885 3350387 4596629 1982738 2299885 15860169 18195874 819321 960470 410910 408353 980 980 1231211 1369803 X 8165516 9179479 3270840 3840561 3192602 3806031 14628958 16826071 15860169 18195874 X 1492576 677842 26695 X 0 1 X 1 1 1 X 7550604 6847803 10030169 10502793 11002257 45933626 7550604 6847803 10030169 10502793 11002257 45933626 2652447 43281179 64933 78135 57596 78319 116135 395118 46328744 2333617 0.93420 0.89710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3099455 924679 534715 11475 4547374 2025222 901448 325042 152257 3099455 1728218 296293 711 2025222 1606724 68272 122970 69748 1728218 1373018 269032 35326 1606724 0.81690 0.15870 0.02440 0 0 1521336 1521336 308867 237439 71428 1039269 965569 73700 3491365 1300944 2190421 3856885 ACCRUED INTEREST AND DIVIDEND RECEIVABLE 19210 BENEFICIAL INTEREST IN REMAINDER TRUST 138792 ESCROWS 13587 BENEFICIAL INTEREST IN POOLED INVESTMENTS HELD BY OTHERS 2128296 2299885 SECURITY DEPOSIT 980 980 X 12353431 677842 122023 5915 805780 11547651 0 11547651 10183013 122023 5915 127938 10055075 0 10055075 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 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 5,915. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 5,915. X X X X X X 1 THE SOLSTICE GROUP INC 67 HURD ROAD FREEVILLE NY 13068 FUNDRAISING CONSULTING 0 0 52094 0 52094 ME NH CT NY MA X X X X X 1 1 0 1 0 0 0 1 0 DONALD W PERKINS JR PRESIDENT 299087 0 87479 0 5355 0 168070 0 26976 0 586967 0 0 0 ANDREW PERSHING CHIEF SCIENTIFIC OFFICER 140270 0 10000 0 0 0 11241 0 17811 0 179322 0 0 0 BLAINE GRIMES CHIEF DEVELOPMENT OFFICER 150575 0 45142 0 0 0 6290 0 26111 0 228118 0 0 0 ELLEN GRANT CHIEF OPERATING OFFICER 140214 0 14000 0 0 0 6435 0 17612 0 178261 0 0 0 CHIN-HWA SUN RESEARCH SCIENTIST 90538 0 0 0 60474 0 4558 0 23002 0 178572 0 0 0 LEIGH PEAKE CHIEF EDUCATION OFFICER 119222 0 22000 0 4768 0 9948 0 10593 0 166531 0 0 0 PART I, LINES 4A-B CHIN HWA SUN RECEIVED SEVERANCE PAYMENTS OF $60,474. 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, DONALD PERKINS. 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 DISMISS 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 2017, $28,635 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 2017, $28,635 WAS EARNED AND ACCRUED. PART I, LINE 7 DONALD PERKINS, ANDREW PERSHING, BLAINE GRIMES, ELLEN GRANT, AND LEIGH PEAKE ALL RECEIVED BONUSES DURING THE YEAR, BASED ON THEIR PERFORMANCE THROUGHOUT THE YEAR. X 46 779101 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 WE PROVIDE OBJECTIVE SCIENTIFIC AND TECHNICAL ADVICE TO HELP FISHERMEN AND RESOURCE MANAGERS MAKE INFORMED DECISIONS ABOUT THE TRADE-OFFS AMONG A MYRIAD OF OCEAN STEWARDSHIP AND USE OPTIONS. WE PROVIDE PROGRAMS FOR TRAINING, TECHNICAL ASSISTANCE, COMMUNICATIONS AND CONVENING FOR STAKEHOLDERS AND GENERAL PUBLIC IN POLICY AND EMERGING CHALLENGES PRIMARILY RELATED TO THE GULF OF MAINE BIOREGION, WITH A MINOR AMOUNT OF COLLABORATIVE PROGRAM DEVELOPMENT IN OTHER OCEAN REGIONS. THE GULF OF MAINE RESEARCH INSTITUTE IS A NEUTRAL AND STRATEGICALLY FOCUSED MARINE SCIENCE CENTER. OUR GOAL IS TO SUPPORT THE GULF OF MAINE'S EMERGENCE AS ONE OF THE WORLD'S MOST VIBRANT MARINE COMMUNITIES. WE ARE WORKING TO BALANCE THE STEWARDSHIP AND USE OF THE REGION'S OCEAN RESOURCES, PROMOTE STAKEHOLDER INVOLVEMENT IN SOUND DECISION-MAKING, INCREASE THE SCIENCE ASPIRATIONS OF SUCCESSIVE GENERATIONS OF YOUNG PEOPLE, AND CATALYZE INNOVATIVE AND SUSTAINABLE OPPORTUNITIES FOR A 21ST CENTURY MARINE ECONOMY. WE NURTURE THE CAPACITY OF MARINE BUSINESSES TO INNOVATE AND COMPETE. WE GIVE MAINE STUDENTS ACCESS TO WORLD-CLASS SCIENCE LEARNING OPPORTUNITIES AND SUPPORT THEIR TEACHERS WITH PROFESSIONAL DEVELOPMENT AND CURRICULUM RESOURCES. OUR SCIENTISTS PARTNER WITH FISHERMEN TO BUILD KNOWLEDGE OF COMMERCIAL FISH SPECIES, CRITICAL HABITATS, FISHING GEAR TECHNOLOGY, AND HUMAN BEHAVIORS TO ENABLE MORE EFFECTIVE FISHERY MANAGEMENT IN THE GULF OF MAINE. OUR EDUCATION PROGRAMS ENGAGE STUDENTS WITH THE SCIENTIFIC METHOD AND ENCOURAGE THEM TO LEARN ABOUT MAINE'S FRESH AND SALTWATER ECOSYSTEMS. OUR COMMUNITY PROGRAMS BRING TOGETHER SCIENTISTS, FISHERMEN, ENVIRONMENTALISTS, AND POLICYMAKERS TO IDENTIFY AND ADDRESS EMERGING CHALLENGES IN THE GULF OF MAINE AND ITS WATERSHED. WE HAVE BUILT A WORLD-CLASS MARINE RESEARCH LABORATORY, WHICH INCLUDES A DIGITAL INTERACTIVE EDUCATION ENVIRONMENT. GMRI LEASES 72% OF THE FACILITIES AND ATTRACTS A MIX OF FOR-PROFIT, PUBLIC AND NON-PROFIT TENANTS TO LEASE THE REMAINING SPACE AND TO CREATE A NODE OF COLLABORATIVE MARINE RESEARCH. 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 906,007. MANAGEMENT AND GENERAL EXPENSES 38,930. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 944,937. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 231,703. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 231,703. RECEPTIONIST SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,678. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,678. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS FROM GMP 26,695. 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 0 0 0 0 1 1 0 0 0 0 0 1 1 0 0 0 0 1 0 1 GULF OF MAINE PROPERTIES INC K 648208 ACCOUNTING RECORDS GULF OF MAINE PROPERTIES INC L 116270 ACCOUNTING RECORDS GULF OF MAINE PROPERTIES INC D 3260431 TAX EXEMPT BOND ISSUE GULF OF MAINE PROPERTIES INC (GUARANTOR) E 397382 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 26695 BOOK VALUE 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.