Overview
What is Downeast Institute For Applied Marine Research And Education Inc?
The Downeast Institute For Applied Marine Research and Education Inc, located in Beals Island, Maine, is a nonprofit organization dedicated to advancing marine resources through applied scientific research, technology transfer, public education, and aquaculture. With a team of 30 employees, they conduct research to foster innovation in public and private shellfish aquaculture. Their mission reaches beyond the lab, engaging in K-12 programming and professional educator development in marine science. The organization also offers undergraduate and graduate-level internships for college students and provides facilities and services to researchers, making it the easternmost marine science field station in the United States.
Official website here: www.downeastinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Downeast Institute for Applied Marine Research and Education Inc has earned an impressive 88% rating on Charity Navigator, indicating strong accountability and financial management. This rating is based entirely on its accountability and finance performance, reflecting the organization’s commitment to maintaining a high standard of transparency and responsibility. The institute showcases excellent governance practices, with a fully independent board and robust audit oversight.
Strengths of the organization include a high program expense ratio of 75.45%, meaning a significant portion of its funding is directed towards its educational and research initiatives. Additionally, the absence of any material diversion of assets is a positive sign of financial integrity. However, there are areas for improvement; the lack of a whistleblower policy and missing document retention policies suggest that there is room for enhancing its governance framework.
Overall, while the Downeast Institute for Applied Marine Research and Education demonstrates strong financial health and accountability, addressing its policy gaps could further bolster its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Downeast Institute For Applied Marine Research And Education Inc legitimate?
Downeast Institute For Applied Marine Research And Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downeast Institute For Applied Marine Research And Education Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $125,934
Professional Fundraising Fees: $0
Other Salaries and Wages: $683,648
For more financial information, click here
Official website here: www.downeastinstitute.org
What is the mission statement of Downeast Institute For Applied Marine Research And Education Inc?
The Downeast Institute for Applied Marine Research and Education Inc is dedicated to improving Maine's marine resources through applied scientific research, technology transfer, public education, and aquaculture. By conducting research and facilitating innovation in public and private shellfish aquaculture, the institute aims to enhance the marine environment and support sustainable growth. Additionally, they offer educational programs for K-12 students and professional educators, as well as internships for college students, all focused on marine science. The institute provides facilities and services to researchers, acting as the easternmost marine science field station in the United States. Their multifaceted approach covers various aspects of marine research and education, ultimately contributing to a better understanding and preservation of marine resources.
Official website here: www.downeastinstitute.org
Who is the CEO of Downeast Institute For Applied Marine Research And Education Inc?
Dianne Tilton is the Chair of Downeast Institute For Applied Marine Research And Education Inc.
Official website here: www.downeastinstitute.org
What is the revenue of Downeast Institute For Applied Marine Research And Education Inc?
Downeast Institute For Applied Marine Research And Education Inc's revenue in 2022 was $1,574,675.
Official website here: www.downeastinstitute.org
Who are the executives of Downeast Institute For Applied Marine Research And Education Inc and what are their salaries?
The average compensation at Downeast Institute For Applied Marine Research And Education Inc during 2022 was $26,986. There are 30 employees and 50 volunteers at Downeast Institute For Applied Marine Research And Education Inc.
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- Compensation: $92,000
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- Other: $9,540
Official website here: www.downeastinstitute.org
Where can I find the form 990 for Downeast Institute For Applied Marine Research And Education Inc?
Downeast Institute For Applied Marine Research And Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downeastinstitute.org
Learn more at the official website: www.downeastinstitute.org
Mission Statement of Downeast Institute For Applied Marine Research And Education Inc
The Downeast Institute For Applied Marine Research And Education Inc is dedicated to advancing Maine's marine resources through applied scientific research, technology transfer, public education, and aquaculture. This non-profit organization's mission is geared towards fostering innovation in both public and private shellfish aquaculture.
In the realm of research and technology transfer, the Downeast Institute plays a pivotal role in spurring growth and development. By conducting extensive research, the Institute identifies new methods and technologies that can be applied to the marine industry. This knowledge is then transferred to industry partners, helping them improve their operations and remain competitive.
The Institute's commitment to education is another key aspect of its mission. It offers K-12 programming and professional educator development in marine science. Through these initiatives, the Downeast Institute aims to inspire the next generation of marine scientists and industry professionals. Additionally, it provides undergraduate and graduate-level internships for college students, offering them valuable hands-on experience in the field.
The Downeast Institute also offers facilities and services to researchers, making it the easternmost marine science field station in the United States. By providing these resources, the Institute fosters collaboration and knowledge-sharing among researchers, ultimately contributing to advancements in marine research and technology.
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Impact
October, 2024
Downeast Institute For Applied Marine Research And Education Inc significantly impacts Maine's marine resources by conducting applied scientific research that fosters innovation in both public and private shellfish aquaculture. By focusing on technology transfer, they facilitate the adoption of new methods and practices that enhance the sustainability and productivity of local fisheries.
The Institute offers robust K-12 programming and professional development for educators in marine science, enriching the educational landscape and inspiring the next generation of marine scientists. Additionally, it plays a crucial role in the academic community by providing internships for undergraduate and graduate students, allowing them to gain hands-on experience in marine research.
Situated on Beals Island, it serves as the easternmost marine science field station in the United States, providing vital facilities and services for researchers. This strategic position enhances the capacity for research and collaboration in marine science, furthering the understanding and conservation of Maine's marine ecosystems. Through these efforts, Downeast Institute contributes to the sustainable management of marine resources, helping to secure the future of Maine's coastal communities.
This information is meant to be a general summary of Downeast Institute For Applied Marine Research And Education Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $34,447
- Program Service Revenue: $232,984
- Gross Receipts: $1,574,675
Assets and Liabilities:
- Total Assets: $5,056,684
- Total Liabilities: $1,248,328
- Net Assets: $3,808,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHELLFISH SALES
Revenue
$162,007
CAMP FEE
Revenue
$35,647
OTHER INCOME
Revenue
$35,330
Organization Details
Founding Year
1995
Phone
(207) 255-1314Principal Officer
Dianne Tilton
Main Address
PO BOX 83, BEALS ISLAND, ME, 04611
Website
www.downeastinstitute.orgNTEE Category
Code: D330 - Animals
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