Overview
What is Harbor Branch Oceanographic Institute Foundation Inc?
Harbor Branch Oceanographic Institute Foundation Inc, based in Vero Beach, Florida, plays a crucial role in supporting the Harbor Branch Oceanographic Institute at Florida Atlantic University. This nonprofit organization administers funds derived from Florida's "Protect Wild Dolphins," "Protect Florida Whales," "Aquaculture," and "Save Our Seas" license plates, as well as investments. These funds are utilized to award finite grants with specific terms, which have aided in hiring new faculty, offering incentives, and providing salary support, research projects, fellowships, and operational assistance at the Harbor Branch Oceanographic Institute. The foundation's primary mission is to bolster the Harbor Branch Oceanographic Institute, a research institute dedicated to education and research in marine sciences.
Official website here: www.hboifoundation.org
What are the reviews and ratings of this charity?
Harbor Branch Oceanographic Institute Foundation Inc has received an impressive 96% rating from Charity Navigator, which translates to a Four-Star out of Four Star rating. This high score reflects exceptional accountability and financial management, with perfect scores in most categories, including a fully independent board of directors and robust oversight for financial statements. Such ratings signal a strong commitment to transparency and responsible financial practices.
The foundation demonstrates solid operational strengths, especially in its program expenses, where 81.81% of its budget is allocated directly to program services. This indicates a strong focus on its mission and effective use of resources. Additionally, the presence of established policies—ranging from conflict of interest to whistleblower protections—further emphasizes their diligence in maintaining high governance standards.
Unfortunately, user reviews from GreatNonprofits could not be fetched, limiting insights into public sentiment toward the foundation. However, the overall ratings from Charity Navigator suggest that the organization is reputable and well-managed, making it a valuable partner in marine research and education.
This AI summary has been generated from information found on Charity Navigator.
Is Harbor Branch Oceanographic Institute Foundation Inc legitimate?
Harbor Branch Oceanographic Institute Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harbor Branch Oceanographic Institute 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: $91,757
For more financial information, click here
Official website here: www.hboifoundation.org
What is the mission statement of Harbor Branch Oceanographic Institute Foundation Inc?
The Harbor Branch Oceanographic Institute Foundation's mission is to support the Harbor Branch Oceanographic Institute, a research institution affiliated with Florida Atlantic University. The foundation's role involves providing funding and resources for research and educational activities at the institute. The Florida state legislature has designated the foundation as the recipient of funds from special license plate sales, such as "Protect Wild Dolphins," "Protect Florida Whales," "Aquaculture," and "Save Our Seas." These funds are invested and used to grant funds for specific projects, which have aided in the hiring of new faculty, offering faculty incentives, providing salary support, funding research projects, and offering fellowships at the Harbor Branch Oceanographic Institute at FAU.
Official website here: www.hboifoundation.org
Who is the CEO of Harbor Branch Oceanographic Institute Foundation Inc?
John Papa is the Interim Exec Dir Thru 12/31/21 of Harbor Branch Oceanographic Institute Foundation Inc.
Official website here: www.hboifoundation.org
What is the revenue of Harbor Branch Oceanographic Institute Foundation Inc?
Harbor Branch Oceanographic Institute Foundation Inc's revenue in 2022 was $7,288,557.
Official website here: www.hboifoundation.org
Who are the executives of Harbor Branch Oceanographic Institute Foundation Inc and what are their salaries?
The average compensation at Harbor Branch Oceanographic Institute Foundation Inc during 2022 was $45,878. There are 2 employees and 12 volunteers at Harbor Branch Oceanographic Institute Foundation Inc.
Here are 11 key members and their salaries:
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Official website here: www.hboifoundation.org
Where can I find the form 990 for Harbor Branch Oceanographic Institute Foundation Inc?
Harbor Branch Oceanographic Institute Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hboifoundation.org
Learn more at the official website: www.hboifoundation.org
Mission Statement of Harbor Branch Oceanographic Institute Foundation Inc
Harbor Branch Oceanographic Institute Foundation's mission revolves around supporting the Harbor Branch Oceanographic Institute, a research institution affiliated with Florida Atlantic University. This foundation serves as the designated recipient of funding from the state of Florida, specifically from license plates such as "Protect Wild Dolphins," "Protect Florida Whales," "Aquaculture," and "Save Our Seas." The foundation utilizes the revenue generated from these plates and investments to dispense finite grants, subject to specific terms. These grants have played a crucial role in various initiatives at the Harbor Branch Oceanographic Institute at FAU, including the addition of new faculty, faculty incentives, salary support, research projects, fellowships, and operational aid. The mission of Harbor Branch Oceanographic Institute Foundation, therefore, is to foster research and education at the Harbor Branch Oceanographic Institute by allocating funds from these specialized license plates and investments.
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Impact
July, 2024
Harbor Branch Oceanographic Institute Foundation Inc's impact lies in its crucial support for the Harbor Branch Oceanographic Institute at FAU. By providing funding, grants, and operational support, the foundation enables the institute to conduct essential scientific research, support faculty, and drive educational initiatives. Additionally, as the administrator of various environmental conservation license plates in Florida, the foundation plays a direct role in initiatives such as protecting wild dolphins, Florida whales, promoting aquaculture, and saving the seas. Through these efforts, Harbor Branch Oceanographic Institute Foundation Inc contributes significantly to advancing science research and environmental conservation efforts.
This information is meant to be a general summary of Harbor Branch Oceanographic Institute 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: $4,187,906
- Gross Receipts: $22,097,258
Assets and Liabilities:
- Total Assets: $89,656,827
- Total Liabilities: $1,393,137
- Net Assets: $88,263,690
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Organization Details
Founding Year
1975
Phone
(772) 466-9876Principal Officer
John Papa
Main Address
3545 Ocean Drive Suite 201, Vero Beach, FL, 32963
Website
www.hboifoundation.orgNTEE Category
Code: U21 - Science research
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