Overview
What is Woods Hole Oceanographic Institution?
Woods Hole Oceanographic Institution is a renowned private, nonprofit organization based on a deep-rooted mission to expand human understanding of the ocean and its role within the Earth system. Through rigorous scientific research and innovative higher education programs, the Institution is dedicated to unraveling the mysteries of the ocean and addressing societal challenges. This esteemed organization's commitment to excellence in science, engineering, and education is reflected in its ongoing efforts to explore, explain, and protect our planet's most expansive and vital resource.
Official website here: www.whoi.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% - Four-Star out of Four Star rating
The Woods Hole Oceanographic Institution received an outstanding rating of 100% from Charity Navigator, reflecting its exceptional accountability and financial management. With a majority of its board members being independent, the organization demonstrates a strong commitment to governance, ensuring that decisions are made in the best interest of its mission and stakeholders.
The comprehensive review highlights the institution's solid financial practices, evidenced by a high program expense ratio of 87.81%, indicating that the majority of its resources are directed towards its core mission. Additionally, the organization effectively adheres to various oversight policies, including whistleblower and conflict of interest policies, showing its dedication to transparency and ethical conduct.
While the rating is highly positive, prospective donors and stakeholders may want to consider the overall impact of its programs in addition to financial metrics. Nonetheless, the Woods Hole Oceanographic Institution stands out as a well-managed nonprofit with strong governance and a focus on its scientific mission.
This AI summary has been generated from information found on Charity Navigator.
Is Woods Hole Oceanographic Institution legitimate?
Woods Hole Oceanographic Institution is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woods Hole Oceanographic Institution 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: $3,791,631
Professional Fundraising Fees: $516,083
Other Salaries and Wages: $101,459,314
For more financial information, click here
Official website here: www.whoi.edu
What is the mission statement of Woods Hole Oceanographic Institution?
Woods Hole Oceanographic Institution is a nonprofit research organization deeply committed to expanding our understanding of the ocean and its link to the Earth system. They strive for excellence in science, engineering, and education, with a focus on using this knowledge to tackle societal challenges. Through their unwavering dedication to research and education, they aim to make a difference in the world by advancing knowledge about the ocean and its impact on our planet. Their mission includes a commitment to applying their findings to real-world problems and making a positive impact on society.
Official website here: www.whoi.edu
What is the revenue of Woods Hole Oceanographic Institution?
Woods Hole Oceanographic Institution's revenue in 2023 was $345,864,759.
Official website here: www.whoi.edu
Who are the executives of Woods Hole Oceanographic Institution and what are their salaries?
The average compensation at Woods Hole Oceanographic Institution during 2023 was $77,733. There are 1354 employees and 94 volunteers at Woods Hole Oceanographic Institution.
Here are 47 key members and their salaries:
- Compensation: $1,684,069
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- Compensation: $308,110
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- Compensation: $283,784
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Official website here: www.whoi.edu
Where can I find the form 990 for Woods Hole Oceanographic Institution?
Woods Hole Oceanographic Institution's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.whoi.edu
Learn more at the official website: www.whoi.edu
Mission Statement of Woods Hole Oceanographic Institution
Woods Hole Oceanographic Institution (WHOI) is a renowned private, nonprofit organization with a mission to expand human understanding of the ocean and its role in the Earth system. Committed to scientific excellence, engineering innovation, and educational outreach, WHOI explores the ocean's depths and uncovers the mysteries that lie beneath, ultimately applying this knowledge to address global challenges.
Dedicated to advancing knowledge, WHOI is a pioneering research and higher education institution. Its rigorous scientific pursuits aim to enhance our comprehension of the ocean and its intricate relationship with the Earth system. In addition to conducting groundbreaking research, WHOI also strives for educational excellence, fostering the next generation of ocean scientists and engineers through its academic programs.
The institution's unwavering commitment to excellence extends beyond the realm of research and education. WHOI also puts its discoveries to use, addressing pressing societal issues with the application of its knowledge. By combining scientific inquiry, engineering prowess, and educational outreach, Woods Hole Oceanographic Institution is a driving force in expanding our understanding of the ocean and its impact on the world.
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Impact
October, 2024
The Woods Hole Oceanographic Institution plays a pivotal role in advancing our understanding of ocean science and its interconnections with the Earth system. By conducting cutting-edge research and fostering educational initiatives, it contributes significantly to addressing pressing societal challenges related to the oceans, such as climate change, marine resource management, and environmental conservation. Its commitment to excellence in scientific and engineering practices ensures the continuous development of innovative technologies and methodologies that enhance our ability to study and protect ocean ecosystems. Through collaboration with various stakeholders, including governmental agencies, educational institutions, and international organizations, the institution drives impactful solutions that benefit both local communities and the global society.
This information is meant to be a general summary of Woods Hole Oceanographic Institution. 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 2023.
- Program Service Revenue: $10,435,673
- Gross Receipts: $557,285,061
Assets and Liabilities:
- Total Assets: $715,285,770
- Total Liabilities: $154,931,095
- Net Assets: $560,354,675
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION
Revenue
$8,814,833
CHARTER INCOME
Revenue
$1,100,000
INFO CENTER INCOME
Revenue
$520,840
Organization Details
Founding Year
1930
Phone
(508) 457-2000Principal Officer
Peter De Menocal
Main Address
569 WOODS HOLE ROAD MS 14, WOODS HOLE, MA, 02543
Website
www.whoi.eduNTEE Category
Code: U210 - Science research
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