Overview
What is Sea Research Foundation Inc?
Sea Research Foundation Inc, located at 55 Coogan Blvd, Mystic, CT, 06355, is a nonprofit organization dedicated to inspiring individuals to care for and protect our ocean planet. With a mission rooted in education and research, they operate a public aquarium that welcomed around 787,000 visitors during 2022. The organization's programs encompass animal husbandry and rehabilitation for various marine species, including marine mammals, penguins, fish, and aquatic invertebrates. Through these initiatives, Sea Research Foundation Inc promotes awareness and fosters a connection to the marine world, encouraging an appreciation for its importance and the need for conservation.
Official website here: www.mysticaquarium.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Sea Research Foundation Inc has achieved an impressive rating of 100% from Charity Navigator, signifying a strong commitment to accountability and finance. This score reflects the organization's transparency, with a complete focus on a single beacon score dedicated to financial practices. The foundation's governance is notably robust, with 96% of its board members being independent, indicating a healthy separation between management and oversight.
The financial health of Sea Research Foundation Inc is reinforced by key metrics, such as a low liabilities-to-assets ratio of 22.22% and a high program expense ratio of 72.06%. These figures suggest that the majority of the organization’s resources are directed toward its programs rather than administrative costs, highlighting its effectiveness in fulfilling its mission. Additionally, the foundation has established strong policies regarding conflict of interest, whistleblower protection, and document retention, further ensuring ethical operations.
While the data emphasizes the organization’s strengths, no significant limitations were noted in the reviewed metrics. The absence of material diversions of assets and the transparent listing of financial documentation on its website contribute to an overall positive perception of its operational integrity and commitment to service.
This AI summary has been generated from information found on Charity Navigator.
Is Sea Research Foundation Inc legitimate?
Sea Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sea Research Foundation 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: $1,290,807
Professional Fundraising Fees: $40,000
Other Salaries and Wages: $11,888,506
For more financial information, click here
Official website here: www.mysticaquarium.org
What is the mission statement of Sea Research Foundation Inc?
The Sea Research Foundation Inc inspires people to take action in caring for and safeguarding our ocean planet. Through a combination of education and research, the organization strives to foster a deep appreciation and understanding of marine ecosystems and the creatures that inhabit them. The foundation's work encompasses various programs aimed at animal husbandry, rehabilitation, and conservation efforts for marine mammals, penguins, fish, and aquatic invertebrates. In 2022, over 787,000 visitors had the opportunity to engage with the Foundation's initiatives by visiting the public aquarium.
Official website here: www.mysticaquarium.org
Who is the CEO of Sea Research Foundation Inc?
Koray Gurz is the Board Member of Sea Research Foundation Inc. The CEO's salary of Sea Research Foundation Inc is $295,194 and their total compensation is $320,206.
Official website here: www.mysticaquarium.org
What is the revenue of Sea Research Foundation Inc?
Sea Research Foundation Inc's revenue in 2022 was $32,599,649.
Official website here: www.mysticaquarium.org
Who are the executives of Sea Research Foundation Inc and what are their salaries?
The average compensation at Sea Research Foundation Inc during 2022 was $35,716. There are 369 employees and 513 volunteers at Sea Research Foundation Inc.
Here are 34 key members and their salaries (Sea Research Foundation Inc's CEO's salary is $295,194 and their total compensation is $320,206):
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Official website here: www.mysticaquarium.org
Where can I find the form 990 for Sea Research Foundation Inc?
Sea Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mysticaquarium.org
Learn more at the official website: www.mysticaquarium.org
Mission Statement of Sea Research Foundation Inc
Sea Research Foundation Inc, a nonprofit organization, is dedicated to inspiring people to care for and protect our ocean planet through education and research. With a mission rooted in cultivating a deep connection between people and the ocean, the Foundation aims to foster a sense of responsibility towards marine life and their habitats.
The organization's operations encompass an aquarium that is open to the public, offering visitors an up-close and personal encounter with various marine species. Sea Research Foundation Inc's programs extend beyond mere entertainment, focusing on animal husbandry and rehabilitation for marine mammals, penguins, fish, and aquatic invertebrates. Through these initiatives, the Foundation not only rescues and cares for injured animals but also educates the public about the importance of marine conservation.
During the year 2022, the aquarium welcomed approximately 787,000 visitors, providing them with an opportunity to learn, engage, and be inspired by the wonders of the ocean. The Foundation's commitment to education reaches far beyond the aquarium walls, as they continue to advocate for ocean preservation and research, inspiring countless individuals to make a difference in their own ways.
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Impact
August, 2024
Sea Research Foundation Inc's impact is significant in inspiring people to care for and protect our ocean planet through education and research. The organization operates an aquarium in Mystic, CT, which is open to the general public and attracts a large number of visitors annually. Their programs focus on animal husbandry and rehabilitation for marine mammals, penguins, fishes, and aquatic invertebrates, contributing to the conservation and preservation of marine life. Through their mission to educate and raise awareness about the importance of ocean conservation, Sea Research Foundation Inc plays a vital role in fostering a sense of responsibility towards our marine ecosystems.
This information is meant to be a general summary of Sea Research Foundation 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: -$388,051
- Program Service Revenue: $23,171,763
- Gross Receipts: $33,697,926
Assets and Liabilities:
- Total Assets: $54,777,845
- Total Liabilities: $12,016,372
- Net Assets: $42,761,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$15,979,935
SPECIAL EXHIBITS AND OTHER REVENU
Revenue
$3,889,357
MEMBERSHIPS
Revenue
$2,163,718
PROGRAM INCOME
Revenue
$1,138,753
Organization Details
Founding Year
1977
Phone
(860) 572-5955Principal Officer
Koray Gurz
Main Address
55 COOGAN BLVD, MYSTIC, CT, 06355
Website
www.mysticaquarium.orgNTEE Category
Code: D500 - Animals
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