Civic Intelligence

Bigelow Laboratory for Ocean Sciences

EIN 01-6006001 • 501(c)3 • East Boothbay, ME

Pub. 78 Eligible

Profile

To understand key processes driving the world's ocean ecosystems, their evolution, and their fundamental relationship to life on earth through interrelated research, education, and technology transfer programs.

60 Bigelow DriveEast Boothbay, ME 04544

www.bigelow.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.17x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

63rd percentile

0.64x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$407,136

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

62nd percentile

8.8%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

22nd percentile

-2.6%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$113,685,553

Up $9,163,104 (+8.8%) from 2024

Liabilities

Down

$18,930,066

Down $2,614,005 (-12%) from 2024

Net Assets

Up

$94,755,487

Up $11,777,109 (+14%) from 2024

Revenue

Down

$29,714,759

Down $808,435 (-2.6%) from 2024

Expenses

Up

$20,548,715

Up $1,002,086 (+5.1%) from 2024

Net Income

Down

$9,166,044

Down $1,810,521 (-16%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $10,775,504Liabilities 2010: $1,094,214Net Assets 2010: $9,681,2902010Assets 2011: $20,622,508Liabilities 2011: $6,569,357Net Assets 2011: $14,053,1512011Assets 2012: $40,369,305Liabilities 2012: $16,109,152Net Assets 2012: $24,260,1532012Assets 2013: $41,526,401Liabilities 2013: $14,571,806Net Assets 2013: $26,954,5952013Assets 2014: $41,246,090Liabilities 2014: $14,862,199Net Assets 2014: $26,383,8912014Assets 2015: $40,544,613Liabilities 2015: $14,439,503Net Assets 2015: $26,105,1102015Assets 2016: $46,742,288Liabilities 2016: $15,012,134Net Assets 2016: $31,730,1542016Assets 2017: $52,556,029Liabilities 2017: $16,053,410Net Assets 2017: $36,502,6192017Assets 2018: $49,964,771Liabilities 2018: $14,664,746Net Assets 2018: $35,300,0252018Assets 2019: $51,185,244Liabilities 2019: $16,604,274Net Assets 2019: $34,580,9702019Assets 2020: $53,800,318Liabilities 2020: $21,133,652Net Assets 2020: $32,666,6662020Assets 2021: $61,124,086Liabilities 2021: $20,764,707Net Assets 2021: $40,359,3792021Assets 2022: $62,794,897Liabilities 2022: $19,061,853Net Assets 2022: $43,733,0442022Assets 2023: $87,500,256Liabilities 2023: $19,116,506Net Assets 2023: $68,383,7502023Assets 2024: $104,522,449Liabilities 2024: $21,544,071Net Assets 2024: $82,978,3782024Assets 2025: $113,685,553Liabilities 2025: $18,930,066Net Assets 2025: $94,755,4872025

Highlighted filing

2025

Assets$113,685,553
Liabilities$18,930,066
Net Assets$94,755,487

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $7,733,3822010Expenses 2011: $8,391,1682011Expenses 2012: $8,317,4602012Revenue 2013: $13,485,759Expenses 2013: $10,825,857Net Income 2013: $2,659,9022013Revenue 2014: $11,110,567Expenses 2014: $11,728,698Net Income 2014: -$618,1312014Revenue 2015: $11,610,887Expenses 2015: $11,871,120Net Income 2015: -$260,2332015Revenue 2016: $17,580,634Expenses 2016: $11,954,507Net Income 2016: $5,626,1272016Revenue 2017: $14,444,038Expenses 2017: $12,705,375Net Income 2017: $1,738,6632017Revenue 2018: $11,519,803Expenses 2018: $12,768,567Net Income 2018: -$1,248,7642018Revenue 2019: $12,875,623Expenses 2019: $12,839,999Net Income 2019: $35,6242019Revenue 2020: $13,783,271Expenses 2020: $13,855,896Net Income 2020: -$72,6252020Revenue 2021: $19,007,017Expenses 2021: $14,437,344Net Income 2021: $4,569,6732021Revenue 2022: $20,387,195Expenses 2022: $16,928,139Net Income 2022: $3,459,0562022Revenue 2023: $41,488,593Expenses 2023: $18,589,257Net Income 2023: $22,899,3362023Revenue 2024: $30,523,194Expenses 2024: $19,546,629Net Income 2024: $10,976,5652024Revenue 2025: $29,714,759Expenses 2025: $20,548,715Net Income 2025: $9,166,0442025

Highlighted filing

2025

Revenue$29,714,759
Expenses$20,548,715
Net Income$9,166,044

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$114$18.9$94.8$29.7$20.5$9.17
2024Detailed filing. Detailed filing data is available for this year.$105$21.5$83.0$30.5$19.5$11.0
2023Detailed filing. Detailed filing data is available for this year.$87.5$19.1$68.4$41.5$18.6$22.9
2022Detailed filing. Detailed filing data is available for this year.$62.8$19.1$43.7$20.4$16.9$3.46
2021Detailed filing. Detailed filing data is available for this year.$61.1$20.8$40.4$19.0$14.4$4.57
2020Detailed filing. Detailed filing data is available for this year.$53.8$21.1$32.7$13.8$13.9$0.07
2019Detailed filing. Detailed filing data is available for this year.$51.2$16.6$34.6$12.9$12.8$0.04
2018Detailed filing. Detailed filing data is available for this year.$50.0$14.7$35.3$11.5$12.8$1.25
2017Detailed filing. Detailed filing data is available for this year.$52.6$16.1$36.5$14.4$12.7$1.74
2016Detailed filing. Detailed filing data is available for this year.$46.7$15.0$31.7$17.6$12.0$5.63
2015Detailed filing. Detailed filing data is available for this year.$40.5$14.4$26.1$11.6$11.9$0.26
2014Detailed filing. Detailed filing data is available for this year.$41.2$14.9$26.4$11.1$11.7$0.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.5$14.6$27.0$13.5$10.8$2.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.4$16.1$24.3$8.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$6.57$14.1$8.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$1.09$9.68$7.73
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 13, 2026
Return Version
2024v5.5
Gross Receipts
$44,272,527
Mission and Program Overview

Mission

To understand key processes driving the world's ocean ecosystems, their evolution, and their fundamental relationship to life on earth through interrelated research, education, and technology transfer programs.

To understand key processes driving the world's ocean ecosystems, their evolution and their fundamental relationship to life on earth through interrelated research, education, and technology transfer programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$44,677,849$61,873,387▲ $17,195,538
Investments Other Securities$46,290,664$42,444,597▼ $3,846,067
Pledges and Grants Receivable$7,492,879$5,302,117▼ $2,190,762
Cash and Non-Interest-Bearing Accounts$4,366,016$2,689,133▼ $1,676,883
Accounts Receivable$480,561$342,018▼ $138,543
Prepaid Expenses and Deferred Charges$60,755$104,327▲ $43,572
Total Assets$104,522,449$113,685,553▲ $9,163,104
Other Assets Total$1,153,725$929,974▼ $223,751
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,621,915$11,277,226▼ $344,689
Deferred Revenue$3,749,457$4,109,876▲ $360,419
Accounts Payable and Accrued Expenses$6,172,699$3,542,964▼ $2,629,735
Total Liabilities$21,544,071$18,930,066▼ $2,614,005
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$44,466,833$65,236,735▲ $20,769,902
Net Assets With Donor Restrictions$38,511,545$29,518,752▼ $8,992,793
Total Net Assets Fund Balance$82,978,378$94,755,487▲ $11,777,109
Total Liabilities and Net Assets / Fund Balance$104,522,449$113,685,553▲ $9,163,104

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$49,341,692$21,160,165$70,501,857
Equipment$9,731,158$4,173,204$13,904,362
Land$2,800,537-$2,800,537
Other Securities$7,614,808--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$7,768,177$2,748,473▲ $1,349,802$198,035$11,668,417
2023$6,406,918$350,000▲ $1,190,638$179,379$7,768,177
2022$5,573,415$94,395▲ $881,016$141,908$6,406,918
2021$5,487,393$1,565,000▼ $1,395,243$83,735$5,573,415
2020$4,329,882$50,000▲ $1,219,511$112,000$5,487,393
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah BronkPresident & CEOFT$377,375$29,761$407,136
Jennifer CutshallVP Strategic Alliances andFT$246,261$29,964$276,225
Ramunas StepanauskasSenior Research ScientistFT$198,426$50,302$248,728
Benjamin TwiningVP Education & ResearchFT$196,325$36,977$233,302
David FieldsSenior Research ScientistFT$159,916$59,449$219,365
David WhittCFO/VP for AdministrationFT$186,715$22,152$208,867
Beth OrcuttVP for Research/Senior ResFT$176,643$29,939$206,582
Michael LomasSenior Research ScientistFT$158,632$30,300$188,932
Steve ArcherSenior Research ScientistFT$156,308$28,142$184,450
Nicole PoultonSenior Research ScientistFT$140,883$22,085$162,968
Nick RecordSenior Research ScientistFT$136,272$25,285$161,557
Steven ProfaizerChief Communications OfficFT$147,565$13,269$160,834
Rachel SiplerSenior Research ScientistFT$144,029$8,817$152,846
Pete CountwaySenior Research ScientistFT$142,344$8,708$151,052

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$26,069,861
Program Service Revenue
$2,828,858
Investment Income
$620,578
Other Revenue
$195,462
All Other Contributions
$14,224,090
Change in Net Assets
$9,166,044

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$284,934Fair Market Value
Other Non Cash Contri Table1$106,464Appraisal
Total Noncash Contributions13$391,398-

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,714,759
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,611,065
Total Revenue per Audited Statements
$32,325,824
Total Revenue per Form 990
$29,714,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,370,457
Other Expenses$9,178,258
Total Fundraising Expense$1,935,080
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,113,844$1,601,478$418,390$5,133,712
Current Officers, Directors, Trustees, and Key Employees$1,557,430$801,000$209,264$2,567,694
Other Employee Benefits$1,568,477$758,509$212,673$2,539,659
Depreciation Depletion$1,383,718$697,777$186,477$2,267,972
All Other Expenses$5,947,880$-5,568,863$739,054$1,118,071
Fees for Services Other$590,578$34,970$1,244$626,792
Payroll Taxes$380,675$184,093$51,617$616,385
Occupancy$17,323$504,309-$521,632
Pension Plan Contributions$316,830$153,218$42,959$513,007
Interest$1,200$428,781-$429,981
Other Expenses$290,894$141,937$2,868$290,894
Travel$233,383$22,730$24,021$280,134
Insurance$28,468$210,215-$238,683
Information Technology$2,988$10,601$7,688$21,277
Total Functional Expenses$18,138,491$475,144$1,935,080$20,548,715

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,548,715
Total Expenses per Audited Statements$20,548,715
Total Expenses per Form 990$20,548,715
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AFinance Authority of Maine2019-04-01$12,914,000To refinance debt held with First National Bank

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A-$25,828-$107,466

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The Board Finance Committee reviews and provides feedback on the 990. The 990 then goes to the Board Executive Committee for final approval.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy is articulated to staff, updated annually, and reviewed by the Chief of Staff to monitor compliance.

Form 990, Part VI, Section B, line 15A

The compensation committee hired an independent consultant and used 3rd party salary data from AIRI, which contains job descriptions and salary information from like-organizations. This data set was reviewed by the 3rd party consultant and salary bands were updated based on the review and an internal analysis using the same data set. Results were then further reviewed and discussed internally in the compensation committee and salary adjustments were made in accordance with the study.

Form 990, Part VI, Section C, line 19

Bigelow publishes governing documents and financial reports on its website. The conflict of interest policy is circulated regularly and hand-delivered to employees, volunteers, board members, and board committees.

Form 990, Part IV, Section C, Line 19:

Available by request.

Filing and Contact Details

Filer

Filer Name
Bigelow Laboratory for Ocean Sciences
EIN
01-6006001
Phone
2073152567
Address
60 Bigelow Drive, East Boothbay, ME 04544

Signing Officer

Name
Deborah Bronk
Title
President and CEO
Phone
2073152567
Signed
2026-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Bronk
Formed
1974
Legal Domicile
Me
Voting Board Members
17
Independent Board Members
17
Employees
128
Volunteers
50

Preparer

Firm
Purdy Powers & Company
Address
130 Middle Street, Portland, ME 04101
Preparer
David J Shorette CPA
Phone
2077753496
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Gain (Loss) on Interest Rate Swap -223,751.

Form 990, Part XII, Line 2C:

The Finance Committee assumes responsibility for oversight of the audit and selection of an independent accountant.

Financial Statement Notes

Part III, Line 1A:

The Laboratory houses the Provasoli-Guillard National Center of Marine Algae and Microbiota. The Laboratory does not capitalize this collection of more than 2,700 strains of marine phytoplankton, bacteria, and viruses. The Laboratory holds the collection for educational and research purposes; the strains are available to the public. Proceeds from the sales of strain samples are used to maintain and preserve the collection.

Part X, Line 2:

The Laboratory qualifies as an organization exempt from federal income tax under Internal Revenue Code Section 501(c)(3) and files a Form 990 tax return. With few exceptions, the Laboratory is no longer subject to U.S. federal income tax examinations by tax authorities for years before 2018 due to the statute of limitations. The Laboratory has adopted the provisions of FASB ASC, Income Taxes. Management of the Laboratory believes it has no material uncertain tax positions, and accordingly it will not recognize any liability for unrecognized tax benefits.

Part XI, Line 2D - Other Adjustments:

Loss on Interest Rate Swap -223,751.

Raw XML AppendixShowing 400 of 1,001 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm3Priscilla Brooks PhD
IRS990/Form990PartVIISectionAGrp/PersonNm4Barbara Burgess
IRS990/Form990PartVIISectionAGrp/PersonNm5Michael Conathan
IRS990/Form990PartVIISectionAGrp/PersonNm6Kimberly Hamilton PhD
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IRS990/Form990PartVIISectionAGrp/PersonNm8John L Heyl
IRS990/Form990PartVIISectionAGrp/PersonNm9Marion Howard
IRS990/Form990PartVIISectionAGrp/PersonNm10Randall Jeffrey
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IRS990/Form990PartVIISectionAGrp/PersonNm13Craig Muir
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IRS990/Form990PartVIISectionAGrp/TitleTxt20VP Education & Research
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IRS990/MissionDesc0To understand key processes driving the world's ocean ecosystems, their evolution, and their fundamental relationship to life on earth through interrelated research, education, and technology transfer programs.
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