Overview
What is Monterey Bay Aquarium Support Services?
Monterey Bay Aquarium Support Services (MBASS) is a non-profit organization that previously operated as a separate legal entity but merged its operations and assets into the Monterey Bay Aquarium Foundation in August 2022. Located at 99 Pacific Street 575A, Monterey, CA, 93940, MBASS formerly held oceanfront property for future use by the Monterey Bay Aquarium Foundation, a California public benefit corporation. The primary mission of MBASS was to support and benefit the Monterey Bay Aquarium Foundation, advancing their initiatives to promote public awareness and conservation of marine life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Monterey Bay Aquarium Support Services has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is derived entirely from its Accountability & Finance metrics, reflecting a strong commitment to proper financial management and transparency. The organization has performed exceptionally well in areas such as audit oversight and asset management, scoring full points in these categories.
Strengths highlighted include a high program expense ratio of 90.32%, which demonstrates that a significant portion of its funding is directed toward its mission-related activities. Additionally, the presence of comprehensive policies regarding conflicts of interest and whistleblowers indicates a robust governance framework. The organization also maintains thorough documentation practices, as evidenced by the availability of board meeting minutes.
While the ratings are positive, the overall score of 79% suggests there may be areas for improvement in its financial practices or reporting. However, the absence of material asset diversion and a low liabilities-to-assets ratio show that the organization is operating soundly within its financial means. Overall, the Monterey Bay Aquarium Support Services appears to be a responsible and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Monterey Bay Aquarium Support Services legitimate?
Monterey Bay Aquarium Support Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey Bay Aquarium Support Services 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: $0
For more financial information, click here
What is the mission statement of Monterey Bay Aquarium Support Services?
Monterey Bay Aquarium Support Services (MBASS) previously functioned as a separate legal entity, supporting and benefiting the Monterey Bay Aquarium Foundation. MBASS operated property for the supported organization, which is a California non-profit public benefit corporation and a section 501(c)(3) entity. The property held by MBASS was key oceanfront land overlooking the National Marine Sanctuary, intended for future use by the Aquarium. In August 2022, MBASS merged its operations and assets into the Monterey Bay Aquarium Foundation, becoming a related tax-exempt organization and the sole member of the filing organization. The filing organization then ceased to exist as a separate legal entity.
Who is the CEO of Monterey Bay Aquarium Support Services?
Unavailable
What is the revenue of Monterey Bay Aquarium Support Services?
Monterey Bay Aquarium Support Services's revenue in 2022 was $1,229,292.
Who are the executives of Monterey Bay Aquarium Support Services and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $308,055
- Other: $46,496
- Compensation: $0
- Related: $187,063
- Other: $49,871
- Compensation: $0
- Related: $176,455
- Other: $31,086
Where can I find the form 990 for Monterey Bay Aquarium Support Services?
Monterey Bay Aquarium Support Services's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monterey Bay Aquarium Support Services
Monterey Bay Aquarium Support Services (MBASS), a California non-profit public benefit corporation, has played a significant role in supporting the Monterey Bay Aquarium Foundation (the Aquarium). MBASS operated property for the supported IRC section 501(c)(3) organization, and the property, which is overlooking the National Marine Sanctuary, was held for future use by the Aquarium. In August 2022, MBASS merged its operations and assets into the Monterey Bay Aquarium Foundation, becoming a related tax-exempt organization and the sole member of the filing organization. The filing organization ceased to exist as a separate legal entity at that time.
MBASS made substantial contributions to the Monterey Bay Aquarium Foundation by operating property that would benefit the organization in the future. The organization's mission centered around supporting the Aquarium, a renowned non-profit dedicated to marine conservation and education. MBASS's operations and assets were essential in furthering the Aquarium's mission to explore, protect, and understand the underwater world, inspiring individuals to make a difference for the ocean and its inhabitants.
The merger of MBASS and the Monterey Bay Aquarium Foundation marked a significant milestone in the history of both organizations. By merging, MBASS's resources and assets were integrated into the Aquarium, enhancing its ability to carry out its mission and continue inspiring visitors and making a difference in the world of marine conservation. The combined efforts of these organizations have led to a more effective and impactful organization, continuing their important work in promoting marine life and education.
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Impact
October, 2024
Monterey Bay Aquarium Support Services (MBASS) played a crucial role in enhancing the capacity and reach of the Monterey Bay Aquarium Foundation. By operating key oceanfront property overlooking the National Marine Sanctuary, MBASS ensured that vital resources were available for the future use of the aquarium, providing a strategic location for conservation and educational efforts.
The merger of MBASS with the Monterey Bay Aquarium Foundation in August 2022 allowed for a streamlined operation, consolidating resources to further advance the mission of ocean conservation and education. This integration not only solidified the foundation's assets but also ensured that the impact on marine life and public engagement could be amplified under a unified administration.
By supporting the aquarium's objectives, MBASS contributed significantly to the preservation of marine ecosystems and wildlife, fostering a deeper public understanding and appreciation for ocean health. The legacy of MBASS continues to influence the aquarium's programs and initiatives, which aim to protect the ocean and inspire future generations.
This information is meant to be a general summary of Monterey Bay Aquarium Support Services. 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.
- Program Service Revenue: $1,011,341
- Gross Receipts: $1,229,292
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY OPERATIONS
Revenue
$1,011,341
Organization Details
Founding Year
2001
Phone
(831) 648-4800Main Address
99 Pacific Street 575A, Monterey, CA, 93940
NTEE Category
Code: D115 - Animals
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