Overview
What is Gulf Specimen Marine Laboratories Inc?
Gulf Specimen Marine Laboratories Inc, based in Panacea, Florida, is a notable nonprofit organization, focusing on marine research and education. They play a significant role in supporting this field by supplying marine specimens to educational institutions, colleges, universities, and public aquariums. Their mission encompasses not only the collection and storage of marine specimens for research but also extends to providing educational tours of their facilities. With a dedicated team of 19 individuals, Gulf Specimen Marine Laboratories Inc contributes to advancing marine-related studies and fostering public understanding of marine life.
Official website here: www.gulfspecimen.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star rating.
Gulf Specimen Marine Laboratories Inc has received a low rating of 55%, reflecting significant concerns in its accountability and finance practices. The score is derived solely from its Accountability & Finance metrics, indicating that there are serious issues that need to be addressed. Most notably, the organization lacks independent board members and has not adequately posted its financial statements online, which are critical for transparency.
Despite these challenges, the nonprofit does have some strengths, such as a strong performance in safeguarding assets and maintaining a conflict of interest policy, both of which scored full points. It has also demonstrated effective liability management, with a relatively low liabilities-to-assets ratio. However, the absence of independent oversight and insufficient financial disclosure undermines its overall credibility.
In summary, while Gulf Specimen Marine Laboratories Inc shows promise in specific areas related to financial management, the lack of independent governance and transparency are significant limitations. Potential donors and stakeholders should consider these factors carefully when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Gulf Specimen Marine Laboratories Inc legitimate?
Gulf Specimen Marine Laboratories Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gulf Specimen Marine Laboratories 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: $76,879
Professional Fundraising Fees: $0
Other Salaries and Wages: $236,676
For more financial information, click here
Official website here: www.gulfspecimen.org
What is the mission statement of Gulf Specimen Marine Laboratories Inc?
Gulf Specimen Marine Laboratories Inc's mission is primarily focused on supporting marine research and education. They achieve this by providing marine specimens for research purposes to various institutions such as colleges, universities, and public aquariums. Additionally, the organization offers storage facilities for these marine specimens, which are crucial for ongoing studies in the field of marine biology and medicine. Furthermore, Gulf Specimen Marine Laboratories Inc offers educational tours of their facilities, allowing visitors to gain firsthand knowledge about marine life and the importance of marine research. By engaging in these activities, the company contributes significantly to the advancement of marine science and education.
Official website here: www.gulfspecimen.org
Who is the CEO of Gulf Specimen Marine Laboratories Inc?
Jack J Rudloe is the President of Gulf Specimen Marine Laboratories Inc.
Official website here: www.gulfspecimen.org
What is the revenue of Gulf Specimen Marine Laboratories Inc?
Gulf Specimen Marine Laboratories Inc's revenue in 2022 was $987,835.
Official website here: www.gulfspecimen.org
Who are the executives of Gulf Specimen Marine Laboratories Inc and what are their salaries?
The average compensation at Gulf Specimen Marine Laboratories Inc during 2022 was $16,503. There are 19 employees at Gulf Specimen Marine Laboratories Inc.
Here are 4 key members and their salaries:
- Compensation: $27,641
- Related: $0
- Other: $0
- Compensation: $54,529
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gulfspecimen.org
Where can I find the form 990 for Gulf Specimen Marine Laboratories Inc?
Gulf Specimen Marine Laboratories Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gulfspecimen.org
Learn more at the official website: www.gulfspecimen.org
Mission Statement of Gulf Specimen Marine Laboratories Inc
Gulf Specimen Marine Laboratories Inc is dedicated to supporting marine research and education. Their mission is twofold: firstly, they provide a substantial collection and storage of marine specimens for both educational and medical research purposes. Secondly, they offer educational tours of their facilities. By selling marine specimens to colleges, universities, and public aquariums, Gulf Specimen Marine Laboratories Inc contributes to the advancement of marine research. Their commitment to marine research and education is a critical part of their mission, aiming to promote a deeper understanding of marine life and its importance.
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Impact
July, 2024
Gulf Specimen Marine Laboratories Inc has made a significant impact in supporting marine research and education. Through their activities such as providing collection and storage of marine specimens for research and offering educational tours, they have played a key role in advancing scientific knowledge and increasing public awareness about marine ecosystems. Additionally, their specimen sales have supported marine research by providing marine specimens to colleges, universities, and public aquariums. Overall, Gulf Specimen Marine Laboratories Inc's dedication to marine research and education has had a positive impact on the scientific community and the general public.
This information is meant to be a general summary of Gulf Specimen Marine Laboratories 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: -$44,549
- Program Service Revenue: $672,371
- Gross Receipts: $1,112,831
Assets and Liabilities:
- Total Assets: $1,649,889
- Total Liabilities: $261,700
- Net Assets: $1,388,189
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIMEN SALES
Revenue
$304,514
EDUCATION OUTREACH
Revenue
$367,857
Organization Details
Founding Year
1980
Phone
(850) 984-5297Principal Officer
Jack J Rudloe
Main Address
PO BOX 237, PANACEA, FL, 32346
Website
www.gulfspecimen.orgNTEE Category
Code: U50Z - Science research
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