Harbor Branch Oceanographic Institute Foundation Inc

Nonprofit profile at a glance

EIN
591644333
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Vero Beach, FL, USA
Phone
7724669876
Rating
93
Verdict
STRONG
Rating confidence
Standard
Sector
Marine Science and Oceanography

Official website

Reported finances

Revenue
$10,001,591
Expenses
$5,469,785
Assets
$129,489,067
Liabilities
$1,459,291

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • STACI ROSALIA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • STACI ROSALIA (EXECUTIVE DIRECTOR): $139,725 total reported compensation
  • CYNDI PERMENTER (DIRECTOR OF OPERATIONS): $112,685 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the harbor branch oceanographic institute foundation is to support the harbor branch oceanographic institute, a research institute of Florida atlantic university. The harbor branch oceanographic institute foundation provides funding and support to harbor branch oceanographic institute at fau for research and education in marine sciences and ocean engineering.

What it reported doing in 2024

Harbor branch oceanographic institute foundation, inc. Is the legislatively-designated recipient from the state of Florida for and administers the Florida "protect wild dolphins", "protect Florida whales", "aquaculture", and "save our seas" license plates along with the calculated annual spendable funding generated from investments support vetted finite grants subject to specified terms. Said grant helped fund the addition of certain new faculty, provided faculty incentives, and provided salary support, research projects, fellowships, and certain operational support at the harbor branch oceanographic institute at fau.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 100
  • Accountability: 95
  • Sustainability: 89
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90%; rating input score 90
  • Program expense ratio: 90.3%; rating input score 90
  • Fundraising efficiency: $561.26 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd 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; 66th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 45.3%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 23.67; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 5.8% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: -6.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 90% of revenue deployed · 90.3% of spending went to programs
  • Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.9M in reported program spending
  • Leadership: top reported pay $140K · 11 people listed
  • Highest-paid contractors: 2 contractors listed · $413K reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 4 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.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Review — Sustainability: Officer compensation ratio scored 54/100.