Overview
What is Gulf Of Maine Properties Inc?
Gulf of Maine Properties Inc is a company that primarily serves the Gulf of Maine Research Institute (GMRI). Located in Portland, Maine, it manages, maintains, and develops real estate properties to benefit GMRI. The institute occupies about 82.35% of the facilities, while the remaining space is rented out to other tenants. This strategic approach allows Gulf of Maine Properties to subsidize the costs of maintaining the facilities, thereby supporting GMRI's mission. GMRI is a nonprofit, charitable organization dedicated to promoting scientific research and education related to marine resources and ecosystems in the Gulf of Maine. Gulf of Maine Properties Inc's purpose aligns with this mission, as it acquires, holds, manages, maintains, develops, or disposes of real property for the benefit of and in connection with GMRI.
Is Gulf Of Maine Properties Inc legitimate?
Gulf Of Maine Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gulf Of Maine Properties 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Gulf Of Maine Properties Inc?
Gulf of Maine Properties Inc's primary purpose is to support the Gulf of Maine Research Institute, a nonprofit organization, by managing real estate. The corporation acquires, maintains, develops, and disposes of properties to benefit the research institute. They do this by leasing out the remaining unoccupied space to tenants who either offer services aligned with the institute's mission or provide substantial support directly contributing to the institute's objectives. By doing so, Gulf of Maine Properties Inc helps subsidize the cost of the facilities, thereby aiding the Gulf of Maine Research Institute in its operations.
Who is the CEO of Gulf Of Maine Properties Inc?
Donald W Perkins Jr is the Chair of Gulf Of Maine Properties Inc.
What is the revenue of Gulf Of Maine Properties Inc?
Gulf Of Maine Properties Inc's revenue in 2022 was $1,057,275.
Who are the executives of Gulf Of Maine Properties Inc and what are their salaries?
There 5 volunteers at Gulf Of Maine Properties Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $577,238
- Other: $400,580
Where can I find the form 990 for Gulf Of Maine Properties Inc?
Gulf Of Maine Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gulf Of Maine Properties Inc
Gulf of Maine Properties Inc, as stated in their purpose, is committed to promoting the legal interests of the Gulf of Maine Research Institute (GMRI), a nonprofit, charitable organization. Their mission, in simpler terms, revolves around acquiring, managing, maintaining, developing, or disposing of real property for the benefit and in connection with GMRI. This involves utilizing their property resources to further the objectives and missions of the Gulf of Maine Research Institute. The company supports GMRI by leasing out the remaining unoccupied space in their facilities to tenants who either provide services consistent with GMRI's mission or offer substantial support directly contributing to GMRI's objectives. This dual approach helps subsidize the costs of the facilities, thereby aiding GMRI in its research endeavors.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Gulf Of Maine Properties Inc significantly contributes to the Gulf of Maine Research Institute (GMRI) by acquiring, managing, and developing real estate that serves the needs of this vital research institution. By maintaining a facility that GMRI occupies at over 82%, the organization ensures that essential resources and space are available for scientific research, data analysis, and community engagement around marine and environmental issues.
Additionally, Gulf Of Maine Properties generates revenue by renting out the remaining space to tenants who share a commitment to GMRI's mission. These tenants either align closely with GMRI’s objectives or provide substantial support services, thereby reinforcing the impact of GMRI's work. This strategic use of property not only sustains the financial viability of the facilities but also enhances the collaborative environment necessary for advancing marine research.
Through these activities, Gulf Of Maine Properties plays a crucial role in supporting GMRI's efforts to conduct meaningful research, promote sustainable practices, and address environmental challenges in the Gulf of Maine region. The organization’s actions directly bolster GMRI's mission, thus fostering advancements in science and community awareness related to marine ecosystems.
This information is meant to be a general summary of Gulf Of Maine Properties 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: $16,028
- Program Service Revenue: $1,041,247
- Gross Receipts: $1,057,275
Assets and Liabilities:
- Total Assets: $10,565,313
- Total Liabilities: $2,861,160
- Net Assets: $7,704,153
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENTAL REVENUE
Revenue
$1,041,247
Organization Details
Founding Year
2004
Phone
(207) 228-1690Principal Officer
Donald W Perkins Jr
Main Address
350 COMMERCIAL STREET, PORTLAND, ME, 04101
NTEE Category
Code: U11 - Science research
If you are a representative of Gulf Of Maine Properties Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.