Overview
What is Gloucester Marine Genomics Institute Incorporated?
Gloucester Marine Genomics Institute Incorporated, located at 417 Main Street, Gloucester, MA 01930, is a distinguished nonprofit organization. Their primary mission is to tackle pressing issues concerning our oceans, human health, and the environment through innovative scientific research and education. The institute, with a focus on marine genomics, is at the forefront of a new era in marine science and biotechnology. The institute's research and development efforts are aimed at translational research, connecting directly with human health. With a workforce of 32 dedicated individuals, Gloucester Marine Genomics Institute Incorporated is actively stimulating the regional economy by bringing world-class science to Gloucester's historic waterfront.
Official website here: www.gmgi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Gloucester Marine Genomics Institute Incorporated has received an outstanding rating of 97%, indicating a strong commitment to accountability and financial transparency. This high score reflects the organization's effective management practices and adherence to best governance standards, with a perfect score for having a fully independent board and comprehensive oversight mechanisms in place.
Strengths include a robust financial structure, with a program expense ratio of nearly 74%, demonstrating a significant investment in its mission-related activities. Moreover, the fundraising efficiency is commendable, with only $0.08 spent to raise a dollar, showcasing the organization's effective use of resources. The presence of essential policies, such as conflict of interest and whistleblower protections, further emphasizes its commitment to ethical operations.
While the data reflects a positive overview of the organization, it is essential to maintain ongoing monitoring and support to ensure continued impact and financial health. Overall, the Gloucester Marine Genomics Institute appears to be a well-managed nonprofit dedicated to its cause, with strong financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Gloucester Marine Genomics Institute Incorporated legitimate?
Gloucester Marine Genomics Institute Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gloucester Marine Genomics Institute Incorporated 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: $501,981
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,614,558
For more financial information, click here
Official website here: www.gmgi.org
What is the mission statement of Gloucester Marine Genomics Institute Incorporated?
The Gloucester Marine Genomics Institute Incorporated is committed to addressing critical challenges in ocean health, human wellbeing, and the environment through innovative scientific research and education. By leveraging world-class science and transformative workplace development, the institute is stimulating advancements in the regional economy. The institute has established a leading marine biotechnology research center, focusing on translational research that directly impacts human health. Furthermore, the institute is bringing cutting-edge science to fishery research, playing a significant role in the progress of marine science and biotechnology.
Official website here: www.gmgi.org
Who is the CEO of Gloucester Marine Genomics Institute Incorporated?
Christine Bolzan is the President of Gloucester Marine Genomics Institute Incorporated.
Official website here: www.gmgi.org
What is the revenue of Gloucester Marine Genomics Institute Incorporated?
Gloucester Marine Genomics Institute Incorporated's revenue in 2022 was $4,950,560.
Official website here: www.gmgi.org
Who are the executives of Gloucester Marine Genomics Institute Incorporated and what are their salaries?
The average compensation at Gloucester Marine Genomics Institute Incorporated during 2022 was $66,142. There are 32 employees and 110 volunteers at Gloucester Marine Genomics Institute Incorporated.
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- Other: $7,000
- Compensation: $170,229
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- Other: $7,158
Official website here: www.gmgi.org
Where can I find the form 990 for Gloucester Marine Genomics Institute Incorporated?
Gloucester Marine Genomics Institute Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gmgi.org
Learn more at the official website: www.gmgi.org
Mission Statement of Gloucester Marine Genomics Institute Incorporated
Gloucester Marine Genomics Institute Incorporated, abbreviated as GMGI, is committed to addressing critical challenges facing our oceans, human health, and the environment. This nonprofit organization achieves this mission through innovative scientific research and education. By establishing a world-class marine biotechnology research institute on the Gloucester Harbor, GMGI is not only advancing marine science and biotechnology but also catalyzing the regional economy. The primary focus of GMGI's research is on translational work, connecting directly with human health. In the realm of marine genomics, which represents a new epoch in both marine science and biotechnology, GMGI is leading the way. Additionally, the institute is bringing the best science to fishery research, contributing significantly to the understanding and preservation of marine life and its impact on human health.
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Impact
July, 2024
Gloucester Marine Genomics Institute Incorporated is making a significant impact by addressing critical challenges facing our oceans, human health, and the environment through innovative scientific research and education. By establishing a world-class marine biotechnology research institute on the Gloucester Harbor, GMGI is leading the way in the field of marine genomics. Their research is focused on translational research that directly connects with human health, as well as bringing top-tier science to fishery research. Through their transformative work, GMGI is not only advancing scientific knowledge but also catalyzing the regional economy of Gloucester.
This information is meant to be a general summary of Gloucester Marine Genomics Institute Incorporated. 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: $30,947
- Program Service Revenue: $145,417
- Gross Receipts: $5,119,752
Assets and Liabilities:
- Total Assets: $8,833,922
- Total Liabilities: $1,937,763
- Net Assets: $6,896,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH SUPPORT
Revenue
$125,508
TUITION REVENUE
Revenue
$19,909
Organization Details
Founding Year
2013
Phone
(978) 879-4575Principal Officer
Christine Bolzan
Main Address
417 MAIN STREET, GLOUCESTER, MA, 01930
Website
www.gmgi.orgNTEE Category
Code: U21 - Science research
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