Overview
What is Bimini Biological Field Station Foundation Inc?
Bimini Biological Field Station Foundation Inc, based in Hollywood, Florida, is a nonprofit organization dedicated to advancing the understanding of marine animal biology, with a particular focus on heavily impacted elasmobranch fish fauna, such as sharks and rays. They accomplish this through training and education, conducting research, and disseminating their findings to advance marine science and conservation biology. Their mission extends to educating future scientists at both undergraduate and graduate levels, raising public perception and awareness of marine species, and contributing to the field of marine science. The foundation employs a team of eight individuals in their mission.
Official website here: www.biminisharklab.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
The Bimini Biological Field Station Foundation Inc received a 69% rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization boasts a fully independent board, achieving the maximum score in that category, which suggests strong governance practices. However, the absence of financial statements and several key policies, such as conflict of interest and whistleblower policy, raises concerns about transparency and risk management.
Despite these limitations, the foundation demonstrates a commendable commitment to its mission, with a program expense ratio of 87.68%. This figure indicates that a significant majority of its expenses are directed toward its programs, reflecting an effective use of resources for its stated goals. Nevertheless, the lack of publicly accessible financial documents could hinder trust and accountability among potential donors and stakeholders.
To improve its overall rating and public perception, the organization should prioritize developing and implementing missing governance policies and ensuring that financial statements are made available on its website. Addressing these issues would enhance transparency and potentially lead to a more favorable evaluation in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Bimini Biological Field Station Foundation Inc legitimate?
Bimini Biological Field Station Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bimini Biological Field Station 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $135,400
For more financial information, click here
Official website here: www.biminisharklab.com
What is the mission statement of Bimini Biological Field Station Foundation Inc?
The Bimini Biological Field Station Foundation Inc is committed to expanding our understanding of marine animal biology, with a particular focus on elasmobranch fish fauna, such as sharks and rays. This organization serves as a platform for educating future scientists at both undergraduate and graduate levels. Furthermore, the foundation disseminates its research findings to advance the fields of marine science and conservation biology. Lastly, it aims to enhance public perception and awareness of various marine species, particularly sharks, to promote their conservation.
Official website here: www.biminisharklab.com
What is the revenue of Bimini Biological Field Station Foundation Inc?
Bimini Biological Field Station Foundation Inc's revenue in 2023 was $993,751.
Official website here: www.biminisharklab.com
Who are the executives of Bimini Biological Field Station Foundation Inc and what are their salaries?
The average compensation at Bimini Biological Field Station Foundation Inc during 2023 was $22,567. There are 6 employees and 6 volunteers at Bimini Biological Field Station Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $85,125
- Related: $0
- Other: $0
- Compensation: $9,117
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.biminisharklab.com
Where can I find the form 990 for Bimini Biological Field Station Foundation Inc?
Bimini Biological Field Station Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.biminisharklab.com
Learn more at the official website: www.biminisharklab.com
Mission Statement of Bimini Biological Field Station Foundation Inc
The Bimini Biological Field Station Foundation Inc is dedicated to advancing our understanding of marine animal biology, with a particular focus on elasmobranch fish fauna, which includes sharks and rays. Their mission is multifaceted, aiming to educate the next generation of scientists at both undergraduate and graduate levels. They achieve this by providing a platform for research and disseminating the findings to enhance the field of marine science and conservation biology. Furthermore, the foundation seeks to raise public perception and awareness about sharks and other marine species, fostering a greater appreciation for these important marine creatures. Through their research and educational efforts, the Bimini Biological Field Station Foundation Inc contributes to the advancement of marine science and conservation, promoting a more sustainable and informed relationship with our oceanic ecosystems.
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Impact
July, 2024
Bimini Biological Field Station Foundation Inc's impact lies in advancing the knowledge of marine animals, particularly heavily impacted elasmobranch fish fauna such as sharks and rays. Through their activities, they educate future scientists at various academic levels and disseminate research results to contribute to the field of marine science and conservation biology. Additionally, the organization works to raise public perception and awareness of sharks and other marine species, ultimately playing a vital role in research, education, and conservation efforts related to marine life.
This information is meant to be a general summary of Bimini Biological Field Station 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 2023.
- Investment Income: $4,571
- Program Service Revenue: $668,249
- Gross Receipts: $1,158,652
Assets and Liabilities:
- Total Assets: $1,916,378
- Total Liabilities: $28,267
- Net Assets: $1,888,111
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DONATIONS
Revenue
$282,981
COLLEGE COURSE FEES
Revenue
$223,356
COLLEGE COURSE SERVICE CHARGE
Revenue
$37,150
RESEARCH EXPERIENCE
Revenue
$31,450
VOLUNTEER INCOME
Revenue
$30,028
Organization Details
Founding Year
2011
Principal Officer
Matthew Smukall
Website
www.biminisharklab.comNTEE Category
Code: U21 - Science research
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