2016-11-15T15:34:24-06:00 2015-12-31 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2015-01-01 010504905 GULF OF MAINE RESEARCH INSTITUTE GULF 2077722321 350 COMMERCIAL STREET PORTLAND ME 04101 DONALD W PERKINS JR PRESIDENT 2077722321 2016-11-15 1 PETER MONTANO P01200943 2077745701 2016-11-15 2015 2017-02-10 21:41:12Z DONALD W PERKINS JR 350 COMMERCIAL STREET PORTLAND ME 04101 13356540 0 X WWW.GMRI.ORG X 1994 ME THE GULF OF MAINE RESEARCH INSTITUTE IS A NOT-FOR-PROFIT CORPORATION COMMITTED TO (I) EDUCATING THE PUBLIC ABOUT THE GULF OF MAINE AND ITS WATERSHED; (II) FACILITATING AND CONDUCTING MARINE RESEARCH; (III) ENABLING INFORMED DECISIONS ABOUT THE STEWARDSHIP AND USE OF THE GULF OF MAINE; (IV) APPLYING LESSONS LEARNED IN THE GULF OF MAINE TO OTHER MARINE COMMUNITIES WORLDWIDE; AND, (V) UNDERTAKING THE FINANCING, SITING, DESIGN, CONSTRUCTION AND OPERATION OF FACILITIES TO SUPPORT ITS EDUCATION AND RESEARCH INTERESTS. 18 17 78 22 0 0 6847803 10030169 443919 241029 16876 145967 98689 111120 7407287 10528285 0 0 0 0 4587183 5005111 141852 72639 1246237 2849031 2636595 7578066 7714345 -170779 2813940 11224552 13742473 708757 946787 10515795 12795686 X SEE SCHEDULE O. 0 0 1498711 EDUCATE K-12 STUDENTS AND TEACHERS ABOUT THE GULF OF MAINE BIOREGION. 2882284 75807 MANAGE AND CONDUCT MARINE RESEARCH PRIMARILY RELATED TO THE GULF OFMAINE BIOREGION, WITH A MINOR AMOUNT OF RESEARCH RELATED TO OTHER OCEANECOSYSTEMS. 1778297 165222 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. 6159292 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 1 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 45 0 1 78 1 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ME X X DONALD W PERKINS JR 2077722321 350 COMMERCIAL STREET PORTLAND ME 04101 ANDREW F BAROWSKY DIRECTOR 1.00 X 0 0 0 C ANTHONY MCDONALD DIRECTOR 1.00 X 0 0 0 CHARLES E MILLER DIRECTOR 1.00 X 0 0 0 CORSON ELLIS CHAIR 2.00 1.00 X X 0 0 0 DAVID T LAWRENCE DIRECTOR 1.00 1.00 X 0 0 0 DONALD W PERKINS JR PRESIDENT 40.00 5.00 X X 326661 0 66721 ELIZABETH R BUTLER SECRETARY 2.00 2.00 X X 0 0 0 FRANK BLAIR DIRECTOR 1.00 X 0 0 0 GERALD C KNECHT DIRECTOR 1.00 X 0 0 0 JOSHUA B BRODER DIRECTOR 1.00 1.00 X 0 0 0 KATHERINE S POPE VICE CHAIR 1.00 1.00 X X 0 0 0 MATTHEW E RUBEL DIRECTOR 1.00 X 0 0 0 SAMUEL A LADD TREASURER 2.00 2.00 X X 0 0 0 STEVEN X CADRIN DIRECTOR 1.00 X 0 0 0 MICHAEL L MEYERS DIRECTOR 1.00 X 0 0 0 FRANK GOVERNALI DIRECTOR 1.00 X 0 0 0 ROBIN SAWYER DIRECTOR 1.00 X 0 0 0 ELIZABETH SHISSLER DIRECTOR 1.00 X 0 0 0 ANDREW PERSHING CHIEF SCIENTIFIC OFFICER 40.00 X 129550 0 29967 BLAINE GRIMES CHIEF DEVELOPMENT OFFICER 40.00 X 155872 0 21995 JENNY SUN RESOURCE SCIENTIST 40.00 X 131306 0 18995 ELLEN GRANT CHIEF OPERATING OFFICER 40.00 X 130885 0 21526 LEIGH PEAKE CHIEF EDUCATION OFFICER 40.00 X 132825 0 9749 1007099 0 168953 7 0 1 0 CUSTOM COACH AND LIMOUSINE 19 BARTLETT RD GORHAM ME 04038 BUS TRANSPORTATION 173643 1 2458759 7571410 366565 10030169 CONTRACT INCOME 900099 129430 129430 CONSULTING INCOME 900099 111599 111599 241029 44261 44261 13335 5862 7473 7473 7473 2924099 2820203 2190 103896 -2190 101706 101706 PROPERTY MANAGEMENT FEE 900099 95388 95388 OTHER 900099 8259 8259 103647 10528285 344676 0 153440 420508 420508 3314907 2200280 630047 484580 110207 72235 22545 15427 876870 570626 202092 104152 282619 188102 54218 40299 4244 4244 17075 17075 72639 72639 15497 15497 374217 379612 -5395 254677 111458 97042 46177 7404 4276 2920 208 37 37 519951 519951 357111 236185 77822 43104 18114 16294 555 1265 13149 13149 202209 202209 56631 2951 53680 OTHER SPECIAL COSTS 577432 499495 77937 SUBCONTRACTED VESSELS 129169 129169 STAFF DEVELOPMENT 42860 4089 37832 939 DUES AND SUBSCRIPTIONS 21846 4815 9340 7691 24972 1739705 -2051018 336285 7714345 6159292 308816 1246237 353723 411520 698993 2253151 1259510 2930546 406311 593308 48878 17844 6263185 2208766 4567885 4054419 3144241 2613546 745011 868139 11224552 13742473 268927 520076 1000 439581 424731 249 980 708757 946787 X 8035379 7475018 1477317 3153315 1003099 2167353 10515795 12795686 11224552 13742473 X 2813940 -151235 -382814 X 0 1 X 1 1 1 X 7068860 7116441 7550604 6847803 10030169 38613877 7068860 7116441 7550604 6847803 10030169 38613877 4984308 33629569 68586 81079 64933 78135 57596 350329 38964206 2959436 0.86310 0.88010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1728218 296293 711 2025222 1606724 68272 122970 69748 1728218 1373018 269032 35326 1606724 1272859 162609 62450 1373018 1336654 -494 63301 1272859 0.88140 0.11860 0.00000 0 0 1521336 1521336 308867 191474 117393 1021494 857673 163821 3411488 1159619 2251869 4054419 ACCRUED INTEREST AND DIVIDEND RECEIVABLE 2322 BENEFICIAL INTEREST IN REMAINDER TRUST 113229 ESCROWS 13519 BENEFICIAL INTEREST IN POOLED INVESTMENTS HELD BY OTHERS 739069 868139 SECURITY DEPOSIT 980 980 X 10456648 -151235 73736 5862 -71637 10528285 0 10528285 7793943 73736 5862 79598 7714345 0 7714345 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 HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND HAS BEEN CLASSIFIED AS PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. ACCOUNTING STANDARDS REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS CONSOLIDATED FINANCIAL STATEMENTS. THE INSTITUTE HAS PROCESSES CURRENTLY IN PLACE TO ENSURE THE MAINTENANCE OF THEIR TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO REVIEW OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE INSTITUTE IS SUBJECT TO U.S. FEDERAL AND STATE EXAMINATIONS BY TAXING AUTHORITIES FOR THE YEARS ENDED DECEMBER 31, 2012 THROUGH 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ALLOCABLE TO RENTAL INCOME 5,862. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ALLOCABLE TO RENTAL INCOME 5,862. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE SEAFISH INDUSTRY AUTHORITY CONTRACTED WITH GMRI TO SECURE OUR CONTINUING INPUT TO THE FISHING INTO THE FUTURE (FITF) INITIATIVE, WHICH WE HAVE HELPED TO DEVELOP THROUGH FACILITATION AND CONVENING SERVICES. 7734 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICE FIELDWORK WAS COMPLETED IN THAILAND AND DATA ANALYSIS AND REPORT IN THE USA. THE OBJECTIVE OF THE PROJECT WAS TO TEST AND DEVELOP PROTOCOLS FOR MEASURING ENERGY CONSUMPTION BY THE THAI SMALL-BOAT TRAWL FLEET. THIS INCLUDED DELIVERY OF A SURVEY TO THAI FISHERMEN REGARDING THEIR ENERGY CONSUMPTION, A SITE VISIT TO DESCRIBE SOURCES OF CONSUMPTION AND MEASURE CONSUMPTION RATES, AND A FINAL ANALYSIS WITH RECOMMENDATIONS FOR THE INTRODUCTION OF ENERGY SAVING OPTIONS. THIS PROJECT WAS FUNDED BY THE FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS. NORTH AMERICA 0 0 PROGRAM SERVICE ANALYSIS OF TAGGING DATA BASE FOR NORTHERN COD. 0 0 0 0 0 0 7734 0 7734 0 0 0 0 0 0 X X X X X X 1 THE SOLSTICE GROUP 120 BRINDLEY STREET SUITE 7 ITHICA NY 14850 FUNDRAISING CONSULTING 0 0 72639 0 72639 ME NH CT X X X X X 0 0 0 1 0 0 0 1 0 DONALD W PERKINS JR PRESIDENT 271306 0 50000 0 5355 0 52658 0 14063 0 393382 0 0 0 ANDREW PERSHING CHIEF SCIENTIFIC OFFICER 129550 0 0 0 0 0 15289 0 14678 0 159517 0 0 0 BLAINE GRIMES CHIEF DEVELOPMENT OFFICER 141561 0 14311 0 0 0 5817 0 16178 0 177867 0 0 0 JENNY SUN RESOURCE SCIENTIST 131306 0 0 0 0 0 5817 0 13178 0 150301 0 0 0 ELLEN GRANT CHIEF OPERATING OFFICER 130885 0 0 0 0 0 5348 0 16178 0 152411 0 0 0 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 FROM 2015 THROUGH 2020 FOR SUCCESS AGAINST FINANCIAL AND OTHER ORGANIZATIONAL GOALS, AS DETERMINED BY THE BOARD OF DIRECTORS. " 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 2015, $42,058 WAS EARNED AND ACCRUED. PART I, LINE 7 DONALD PERKINS, BLAINE GRIMES, AND LEIGH PEAKE ALL RECEIVED BONUSES DURING THE YEAR, BASED ON THEIR PERFORMANCE THROUGHOUT THE YEAR. X 20 366565 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 THE GULF OF MAINE RESEARCH INSTITUTE IS A NOT-FOR-PROFIT CORPORATION COMMITTED TO (I) EDUCATING THE PUBLIC ABOUT THE GULF OF MAINE AND ITS WATERSHED; (II) FACILITATING AND CONDUCTING MARINE RESEARCH; (III) ENABLING INFORMED DECISIONS ABOUT THE STEWARDSHIP AND USE OF THE GULF OF MAINE; (IV) APPLYING LESSONS LEARNED IN THE GULF OF MAINE TO OTHER MARINE COMMUNITIES WORLDWIDE; AND, (V) UNDERTAKING THE FINANCING, SITING, DESIGN, CONSTRUCTION AND OPERATION OF FACILITIES TO SUPPORT ITS EDUCATION AND RESEARCH INTERESTS. 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. 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 11 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 XI, LINE 9: TRANSFER OF BUILDING AND LAND TO GMP -382,814. 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 11A, 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 1 0 1 1 0 0 0 0 0 0 0 GULF OF MAINE PROPERTIES INC K 517476 ACCOUNTING RECORDS GULF OF MAINE PROPERTIES INC L 95388 ACCOUNTING RECORDS GULF OF MAINE PROPERTIES INC I 382814 BOOK VALUE OF BUILDING & LAND GULF OF MAINE PROPERTIES INC D 3486978 TAX EXEMPT BOND ISSUE GULF OF MAINE PROPERTIES INC (GUARANTOR) E 424731 O/S PRINCIPAL BALANCE GULF OF MAINE PROPERTIES INC (GUARANTOR) E 400000 LINE OF CREDIT LMTS ($0 O/S) 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.