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Bermuda Institute Of Ocean Sciences Bios Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 060706038 ✦ Designated as a 501(c)(3)

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Overview

What is Bermuda Institute Of Ocean Sciences Bios Inc?

The Bermuda Institute of Ocean Sciences Bios Inc is a nonprofit organization dedicated to expanding the understanding of oceanography, marine science, and ocean health. Through innovative research, immersive field expeditions, and comprehensive educational programs, BIOS aims to uncover fundamental ocean knowledge and disseminate it globally.


Official website here: www.bios.asu.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100% (Four-Star out of Four Star rating)

The Bermuda Institute Of Ocean Sciences Bios Inc has achieved an impressive four-star rating from Charity Navigator, signifying its strong commitment to accountability and financial health. With a perfect score in various categories, including a 100% score in accountability and finance, the organization demonstrates robust governance practices and sound fiscal management.

Strengths include a high percentage of independent board members and excellent oversight, as evidenced by their audit and oversight committee scoring full points. The organization also has effective policies in place, such as conflict of interest and whistleblower policies, which are critical for transparency and ethical governance.

While the institute shows remarkable strengths in financial stewardship and operational accountability, it has not been noted for any significant limitations based on the available data. Overall, it stands out as a well-managed nonprofit dedicated to its mission within the ocean sciences field.


This AI summary has been generated from information found on Charity Navigator.

Is Bermuda Institute Of Ocean Sciences Bios Inc legitimate?

Bermuda Institute Of Ocean Sciences Bios Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bermuda Institute Of Ocean Sciences Bios 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: $1,832,493
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,297,894

For more financial information, click here


Official website here: www.bios.asu.edu

What is the mission statement of Bermuda Institute Of Ocean Sciences Bios Inc?

The Bermuda Institute of Ocean Sciences Bios Inc is dedicated to expanding fundamental knowledge of the oceans. They accomplish this through advanced scientific research, world-class field expeditions, and comprehensive educational experiences. Their mission is geared towards revolutionizing the fields of oceanography, marine science, and ocean health. By combining innovative research methods with international knowledge sharing, Bios Inc strives to make significant contributions to the scientific community.


Official website here: www.bios.asu.edu

Who is the CEO of Bermuda Institute Of Ocean Sciences Bios Inc?

Victoria Millett is the Trustee of Bermuda Institute Of Ocean Sciences Bios Inc. The CEO's salary of Bermuda Institute Of Ocean Sciences Bios Inc is $91,267 and their total compensation is $99,688.


Official website here: www.bios.asu.edu

What is the revenue of Bermuda Institute Of Ocean Sciences Bios Inc?

Bermuda Institute Of Ocean Sciences Bios Inc's revenue in 2022 was $19,370,425.


Official website here: www.bios.asu.edu

Who are the executives of Bermuda Institute Of Ocean Sciences Bios Inc and what are their salaries?

The average compensation at Bermuda Institute Of Ocean Sciences Bios Inc during 2022 was $136,231. There are 45 employees at Bermuda Institute Of Ocean Sciences Bios Inc.


Here are 32 key members and their salaries (Bermuda Institute Of Ocean Sciences Bios Inc's CEO's salary is $91,267 and their total compensation is $99,688):


Patrick Barlow (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jose Cardenas Until Feb 2022 (Trustee)
  • Compensation: $0
  • Related: $447,006
  • Other: $23,768
J William Charrier (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Graham Collis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Duffy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Ferrett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Guishard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael D Hamer Phd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Hanle Phd Until Feb 2022 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenro Kusumi (Trustee)
  • Compensation: $0
  • Related: $326,100
  • Other: $4,525
Lisa Loo (Trustee)
  • Compensation: $0
  • Related: $448,218
  • Other: $15,326
Alan Mcgowan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morgan Olsen (Trustee)
  • Compensation: $0
  • Related: $961,274
  • Other: $31,802
Ralph E Richardson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Schlosser (Trustee)
  • Compensation: $0
  • Related: $488,757
  • Other: $5,747
Michael Schrum (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James N Stanard Phd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Stanley (Vice-Chair)
  • Compensation: $0
  • Related: $295,989
  • Other: $31,783
Bess Ward Phd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Weinstein (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Williams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Curry Phd (President And Ceo)
  • Compensation: $402,823
  • Related: $0
  • Other: $10,964
William Graham-Welton Until 92022 (Chief Financial & Operating Officer)
  • Compensation: $202,966
  • Related: $0
  • Other: $13,565
Victoria Millett (Treasurer & Controller)
  • Compensation: $173,040
  • Related: $0
  • Other: $9,827
Gillian Hollis (Assist To The Pres And Ceo, Secretary To Board)
  • Compensation: $91,267
  • Related: $0
  • Other: $8,421
Nicholas Bates (Senior Scientist & Director Of Research)
  • Compensation: $235,789
  • Related: $5,000
  • Other: $15,460
Murray Stein (Marine Superintendent)
  • Compensation: $160,519
  • Related: $0
  • Other: $1,119
Richard Verlini (Executive Director)
  • Compensation: $156,649
  • Related: $0
  • Other: $13,126
Andrew Peters (Director Of Education)
  • Compensation: $140,595
  • Related: $0
  • Other: $9,511
Julius Barsi (Biologist)
  • Compensation: $130,252
  • Related: $0
  • Other: $8,308
Rodney Johnson (Assistant Scientist)
  • Compensation: $120,419
  • Related: $0
  • Other: $13,249
Kaitlin Baird (Director Of Education And Community Engagement)
  • Compensation: $119,269
  • Related: $0
  • Other: $2,496


Official website here: www.bios.asu.edu

Where can I find the form 990 for Bermuda Institute Of Ocean Sciences Bios Inc?

Bermuda Institute Of Ocean Sciences Bios Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bios.asu.edu

Learn more at the official website: www.bios.asu.edu

Mission Statement of Bermuda Institute Of Ocean Sciences Bios Inc

The Bermuda Institute of Ocean Sciences Bios, a renowned nonprofit organization, is dedicated to expanding fundamental knowledge of the oceans through advanced scientific research, world-class field expeditions, and comprehensive educational experiences. This mission is designed to revolutionize the fields of oceanography, marine science, and ocean health.

Bios's commitment to seeking and sharing knowledge is rooted in state-of-the-art scientific research that pushes the boundaries of human understanding. The organization's researchers employ cutting-edge techniques to explore the intricacies of the ocean, its ecosystems, and the organisms that inhabit it. By transforming raw data into valuable insights, Bios is at the forefront of unraveling the mysteries of the ocean and its role in the global ecosystem.

Field expeditions are another essential component of Bios's mission. These expeditions provide opportunities for scientists to collect data in real-world environments, often in remote locations, and to collaborate with their colleagues from around the world. The invaluable data gathered during these expeditions contributes significantly to the organization's research efforts and advances the scientific community's collective understanding of the ocean.

Moreover, Bios is deeply committed to education. Through comprehensive educational experiences, the organization shares its knowledge with students, researchers, and the wider public. Bios's educational programs expose participants to the latest research methods, field techniques, and advancements in ocean science. By fostering a deeper appreciation for the ocean and its inhabitants, Bios is inspiring the next generation of ocean scientists and advocates.

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Impact




August, 2024

Bermuda Institute Of Ocean Sciences Bios Inc's impact lies in its dedication to seeking and sharing fundamental knowledge of the oceans through state-of-the-art scientific research, world-class field expeditions, and comprehensive educational experiences. By blending cutting-edge research with educational outreach, BIOS aims to transform the fields of oceanography, marine science, and ocean health. This organization is committed to sharing its knowledge internationally, making a significant contribution to advancements in science research related to the oceans.




This information is meant to be a general summary of Bermuda Institute Of Ocean Sciences Bios 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.

Revenue
$19,370,425 (2022)
Expenses
$18,071,789 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $36,633
  • Program Service Revenue: $587,526
  • Gross Receipts: $20,131,526

Assets and Liabilities:

  • Total Assets: $41,025,025
  • Total Liabilities: $2,434,601
  • Net Assets: $38,590,424

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EDUCATION

Revenue

$587,526

Organization Details

Founding Year

1926

Principal Officer

Victoria Millett

NTEE Category

Code: U50Z - Science research

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