Gloucester Marine Genomics Institute Incorporated
Nonprofit profile at a glance
- EIN
- 463020006
- IRS 990 coverage
- 2016–2025
- Forms available
- Form 990 2025
- Location
- Gloucester, MA, USA
- Phone
- 9788794575
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Marine Science and Oceanography
Reported finances
- Revenue
- $4,255,401
- Expenses
- $5,946,610
- Assets
- $13,631,201
- Liabilities
- $1,458,279
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- MARC VIDAL (PRESIDENT)
- CHRISTINE BOLZAN (EXECUTIVE DIRECTOR, THRU 03/2025)
- BONNIE FENDROCK (EXECUTIVE DIRECTOR, AS OF 03/2025)
Highest reported compensation
- ANDREA BODNAR (SCIENCE DIRECTOR): $242,892 total reported compensation
- BONNIE FENDROCK (EXECUTIVE DIRECTOR, AS OF 03/2025): $187,187 total reported compensation
- JOHN DOYLE (EDUCATION DIRECTOR): $173,953 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Gloucester marine genomics institute addreses critical challenges facing our oceans, human health and the environment through innovative scientific research and education. By bringing world-class science and transformative workforce development to gloucester's historic waterfront, gmgi is catalyzing the regional economy.
What it reported doing in 2025
Gloucester biotechnology academy - gloucester biotechnology academy is the vibrant educational arm of gmgi. The academy provides tuition-free laboratory training that prepares young adults for careers in biotechnology, without needing a four-year degree. Students train in professional teaching laboratories, learning techniques used by working scientists, from dna analysis and cell culture to biomanufacturing. They also complete paid co-ops with biotechnology companies across the north shore, boston, and cambridge. In less than a year, graduates gain the skills, confidence, and industry connections needed to launch careers in the life sciences. Our summer stem programs are one-week courses designed to provide students with the opportunity to experience hands-on science in a biotechnology laboratory. Held in state-of-the-art teaching labs at gloucester biotechnology academy, the curricula immerse students in authentic laboratory investigations. Students use cutting-edge biotechnology equipment, the scientific method, and critical thinking to analyze samples and make data-driven conclusions.
Operating model
- Revenue model
- Donor-supported. 63% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 88
- Accountability: 100
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 72.8%; rating input score 73
- Fundraising efficiency: $12.87 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 21st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99%; rating input score 99; 43rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -39.7%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 2.29; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 23.7%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 17.9% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 11.6% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 14.5% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 72.8% of spending went to programs
- Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $4.3M in reported program spending
- Leadership: top reported pay $243K · 19 people listed · 5 of 6 pay-setting controls reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 9 filing years from 2016 to 2025
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.