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Harbor Branch Oceanographic Institute Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 591644333 ✦ Vero beach, FL ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Barbra Kavanaugh (Interim Exec Dir Thru 12/31/21)
  • Compensation: $102,855
  • Related: $0
  • Other: $0

    • Michael O'Reilly (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Toner (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marjorie Raines (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Stewart (Secretary/Ex Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Brown Sr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Duke Iii (Board Member, Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Ferro (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Frazza (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Papa (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Seitz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hboifoundation.org

    Where can I find the form 990 for Harbor Branch Oceanographic Institute Foundation Inc?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • Program Service Revenue: $0
  • Gross Receipts: $22,097,258

    • Assets and Liabilities:
  • Total Assets: $89,656,827
  • Total Liabilities: $1,393,137
  • Net Assets: $88,263,690
  • Organization Details

    Founding Year

    1975

    Principal Officer

    John Papa

    Main Address

    3545 Ocean Drive Suite 201, Vero Beach, FL, 32963

    NTEE Category

    Code: U21 - Science research

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