Overview
What is Gulf Of Maine Lobster Foundation?
The Gulf of Maine Lobster Foundation is a nonprofit organization situated in Kennebunk, Maine. Their primary objective is to collect and disseminate long-term scientific data and information on the American lobster and the Gulf of Maine ecosystem. To achieve this goal, they engage in collaborative research and projects with lobstermen, scientists, agencies, and resource managers. Their mission is to promote the health and sustainability of the American lobster fishery within the Gulf of Maine ecosystem. They have a small workforce of three dedicated individuals who contribute to their mission.
Official website here: www.gomlf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star Rating
The Gulf of Maine Lobster Foundation has received a 69% rating from Charity Navigator, resulting in a Two-Star designation. This rating reflects a moderate level of accountability and financial health. While the charity has achieved a perfect score for having an entirely independent board and a good program expense ratio, there are significant weaknesses in its financial transparency, particularly the absence of financial statements, which is critical for donors seeking clear insights into the organization's finances.
The foundation has strengths, particularly in governance, with a fully independent board and a strong program expense ratio of 80.44%, indicating a commitment to using funds for its stated mission. However, the organization lacks several essential policies, including those for conflict of interest and whistleblower protection. Additionally, the absence of financial statements limits transparency and raises concerns for potential donors regarding how funds are managed and allocated.
Overall, while the Gulf of Maine Lobster Foundation demonstrates strong governance principles, the significant gaps in financial reporting and missing policies highlight areas for improvement that could enhance trust and accountability among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Gulf Of Maine Lobster Foundation legitimate?
Gulf Of Maine Lobster Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gulf Of Maine Lobster Foundation 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: $77,036
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,586
For more financial information, click here
Official website here: www.gomlf.org
What is the mission statement of Gulf Of Maine Lobster Foundation?
The Gulf of Maine Lobster Foundation is dedicated to fostering collaborative research and projects with lobstermen, scientists, agencies, and resource managers. This initiative aims to promote the health and sustainability of the American lobster fishery within the Gulf of Maine ecosystem. The foundation actively gathers and disseminates long-term scientific data and information on American lobster and the Gulf of Maine ecosystem, serving as a vital resource for maintaining the sustainability and health of the lobster population.
Official website here: www.gomlf.org
Who is the CEO of Gulf Of Maine Lobster Foundation?
Erin Pelletier is the Board Member of Gulf Of Maine Lobster Foundation.
Official website here: www.gomlf.org
What is the revenue of Gulf Of Maine Lobster Foundation?
Gulf Of Maine Lobster Foundation's revenue in 2022 was $540,400.
Official website here: www.gomlf.org
Who are the executives of Gulf Of Maine Lobster Foundation and what are their salaries?
The average compensation at Gulf Of Maine Lobster Foundation during 2022 was $38,874. There are 3 employees and 14 volunteers at Gulf Of Maine Lobster Foundation.
Here are 10 key members and their salaries:
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Official website here: www.gomlf.org
Where can I find the form 990 for Gulf Of Maine Lobster Foundation?
Gulf Of Maine Lobster Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gomlf.org
Learn more at the official website: www.gomlf.org
Mission Statement of Gulf Of Maine Lobster Foundation
The Gulf of Maine Lobster Foundation is committed to fostering collaboration between lobstermen, scientists, agencies, and resource managers. Their primary objective is to promote the health and sustainability of the American lobster fishery within the Gulf of Maine ecosystem. To achieve this, the foundation engages in and facilitates various research and projects. By doing so, they aim to contribute to the long-term scientific data and information collection on American lobster and the Gulf of Maine ecosystem. In essence, the Gulf of Maine Lobster Foundation serves as a bridge between different sectors, working towards the preservation and sustainable management of the American lobster fishery within its namesake marine environment.
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Impact
July, 2024
The Gulf Of Maine Lobster Foundation's impact is seen through its collaborative research and projects aimed at promoting the health and sustainability of the American lobster fishery within the Gulf of Maine ecosystem. By engaging lobstermen, scientists, agencies, and resource managers, the foundation gathers and disseminates long-term scientific data and information on American lobster and the Gulf of Maine ecosystem. Their work contributes to the conservation and management of this important marine resource, ultimately benefiting both the environment and the livelihoods of those involved in the lobster fishery.
This information is meant to be a general summary of Gulf Of Maine Lobster Foundation. 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.
- Program Service Revenue: $20,393
- Gross Receipts: $540,400
Assets and Liabilities:
- Total Assets: $170,006
- Total Liabilities: $67,347
- Net Assets: $102,659
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DRIFTER INCOME
Revenue
$20,393
Organization Details
Founding Year
2000
Phone
(207) 985-8088Principal Officer
Erin Pelletier
Main Address
POBOX 523, KENNEBUNK, ME, 04043
Website
www.gomlf.orgNTEE Category
Code: U21 - Science research
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