Civic Intelligence

Oyster Recovery Partnership Inc

EIN 23-7204806 • 501(c)3 • Annapolis, MD

Profile

Plan, promote implement science-based sustainable shellfish restoration, aquaculture, and wild fishery activities to protect our environment, support our economy preserve our culture heritage

1805A Virginia StreetAnnapolis, MD 21401

www.oysterrecovery.org

Siviq Scores

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

Liabilities / Assets

75th percentile

0.41x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.12x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

42nd percentile

1.6%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

77th percentile

18%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

68th percentile

18%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$2,677,628

Up $820,927 (+44%) from 2023

Liabilities

Up

$1,108,261

Up $633,345 (+133%) from 2023

Net Assets

Up

$1,569,367

Up $187,582 (+14%) from 2023

Revenue

Up

$9,573,982

Up $1,629,514 (+21%) from 2023

Expenses

Up

$9,423,097

Up $1,192,102 (+14%) from 2023

Net Income

Up

$150,885

Up $437,412 (+153%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,739,299Liabilities 2012: $1,070,521Net Assets 2012: $668,7782012Assets 2013: $1,645,657Liabilities 2013: $905,862Net Assets 2013: $739,7952013Assets 2014: $1,864,342Liabilities 2014: $1,077,002Net Assets 2014: $787,3402014Assets 2015: $2,345,988Liabilities 2015: $1,067,638Net Assets 2015: $1,278,3502015Assets 2016: $1,556,169Liabilities 2016: $444,939Net Assets 2016: $1,111,2302016Assets 2017: $1,413,427Liabilities 2017: $251,350Net Assets 2017: $1,162,0772017Assets 2018: $1,751,937Liabilities 2018: $519,343Net Assets 2018: $1,232,5942018Assets 2019: $1,583,891Liabilities 2019: $232,063Net Assets 2019: $1,351,8282019Assets 2020: $2,154,849Liabilities 2020: $408,597Net Assets 2020: $1,746,2522020Assets 2021: $2,077,192Liabilities 2021: $313,393Net Assets 2021: $1,763,7992021Assets 2022: $1,921,352Liabilities 2022: $300,309Net Assets 2022: $1,621,0432022Assets 2023: $1,856,701Liabilities 2023: $474,916Net Assets 2023: $1,381,7852023Assets 2024: $2,677,628Liabilities 2024: $1,108,261Net Assets 2024: $1,569,3672024

Highlighted filing

2024

Assets$2,677,628
Liabilities$1,108,261
Net Assets$1,569,367

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2012: $4,314,2212012Revenue 2013: $4,271,748Expenses 2013: $4,200,731Net Income 2013: $71,0172013Revenue 2014: $5,649,534Expenses 2014: $5,601,989Net Income 2014: $47,5452014Revenue 2015: $6,704,688Expenses 2015: $6,213,678Net Income 2015: $491,0102015Revenue 2016: $7,781,061Expenses 2016: $7,660,310Net Income 2016: $120,7512016Revenue 2017: $7,353,931Expenses 2017: $7,303,084Net Income 2017: $50,8472017Revenue 2018: $6,352,334Expenses 2018: $6,256,450Net Income 2018: $95,8842018Revenue 2019: $6,233,568Expenses 2019: $6,185,349Net Income 2019: $48,2192019Revenue 2020: $6,018,269Expenses 2020: $5,659,634Net Income 2020: $358,6352020Revenue 2021: $6,281,689Expenses 2021: $6,305,900Net Income 2021: -$24,2112021Revenue 2022: $6,929,869Expenses 2022: $6,951,540Net Income 2022: -$21,6712022Revenue 2023: $7,944,468Expenses 2023: $8,230,995Net Income 2023: -$286,5272023Revenue 2024: $9,573,982Expenses 2024: $9,423,097Net Income 2024: $150,8852024

Highlighted filing

2024

Revenue$9,573,982
Expenses$9,423,097
Net Income$150,885

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 8, 2025
Return Version
2024v5.2
Gross Receipts
$9,615,995
Mission and Program Overview

Mission

Plan, promote implement science-based sustainable shellfish restoration, aquaculture, and wild fishery activities to protect our environment, support our economy preserve our culture heritage

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$713,020$1,100,978▲ $387,958
Investments in Publicly Traded Securities$669,359$615,488▼ $53,871
Savings and Temporary Cash Investments$224,683$518,262▲ $293,579
Cash and Non-Interest-Bearing Accounts$249,639$64,537▼ $185,102
Total Assets$1,856,701$2,677,628▲ $820,927
Other Assets Total-$378,363-
Liabilities
Deferred Revenue$474,916$673,756▲ $198,840
Other Liabilities-$368,965-
Accounts Payable and Accrued Expenses-$65,540-
Total Liabilities$474,916$1,108,261▲ $633,345
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,381,785$1,569,367▲ $187,582
Total Net Assets Fund Balance$1,381,785$1,569,367▲ $187,582
Total Liabilities and Net Assets / Fund Balance$1,856,701$2,677,628▲ $820,927

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$106,911$106,911
Other Assets Org$378,363--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
H Ward SlacumExecutive DirectorFT$164,615$37,093$201,708

Board Members and Trustees

NameTitle
Tighe MerkertChairman
Ben SavageDirector
Bill ConeyDirector
Bill SielingDirector
Ed RichDirector
Harold GraulDirector
James KingDirector
Jason RuthDirector
Jeff HarrisonDirector
Jim PerdueDirector
Karen OertelDirector
Katie MatthewsDirector
Maxine PhillipsDirector
Mike EckhartDirector
Philip PlackDirector
Russell SmithDirector
Shannon LyonsDirector
Thomas KountzDirector
Bill Gibbons-flySecretary
Russell StevensonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wittman Wharf SeafoodServices8768 HOWETH ROAD, Wittman, MD 21676$1,561,338
Bevans Oyster Company INCServices1090 SKIPJACK ROAD, Kinsale, VA 22488$1,455,449
University Of Maryland Center For Environmental ScienceServices2020 HORNS POINT ROAD, Cambridge, MD 21613$808,137
Madison Shell Recycling LLCServices4835 MADISON CANNING HOUSE ROAD, Madison, MD 21648$718,002
Robert Lee LLCServicesPO BOX 309, Secretary, MD 21664$304,676
Revenue and Support

Revenue Composition

Contributions and Grants
$9,498,549
Program Service Revenue
$56,973
Investment Income
$18,460
Other Revenue
$0
All Other Contributions
$713,572
Change in Net Assets
$150,885

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,569,444
Revenue Not Reported on Financial Statements
$4,538
Revenue Not Reported on Form 990
$36,697
Total Revenue per Audited Statements
$9,606,141
Total Revenue per Form 990
$9,573,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,325,787
Salaries, Compensation, and Employee Benefits$2,097,310
Total Fundraising Expense$241,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$6,757,884$13,787-$6,771,671
Other Salaries and Wages$1,083,369$202,228$158,894$1,444,491
Other Employee Benefits$210,118$39,222$30,817$280,157
Current Officers, Directors, Trustees, and Key Employees$151,281$28,239$22,188$201,708
Payroll Taxes$89,438$16,695$13,118$119,251
Occupancy$94,043$964-$95,007
Conferences and Meetings$52,241$9,219-$61,460
Pension Plan Contributions$38,777$7,239$5,687$51,703
Office Expenses$13,770$28,936-$42,706
Insurance$29,022--$29,022
Fees for Services Accounting-$21,962-$21,962
Other Expenses$192,203$6,839$9,066$15,905
Fees for Service Investment Mgmnt Fees-$4,538-$4,538
Fees for Services Legal-$4,097-$4,097
Total Functional Expenses$8,712,146$469,815$241,136$9,423,097

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,423,097
Expenses per Audited Statements$9,418,559
Total Expenses per Audited Statements$9,418,559
Expenses Not Reported on Financial Statements$4,538
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$42,013
Fundraising Gross Income$42,013
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
World Is Your Oyster$123,295$42,013-$42,013
Total Events$123,295$42,013$42,013-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$368,965
Operating Lease Liability-
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, Line 11

The organizations audit and finance committee reviews the document, makes any recommendations for changes, and then sends approval to proceed with the filing of said form.

Form 990, Part VI, Line 12C

The organization requires each board member to sign a conflict of interest policy on a yearly basis. If a conflict of interest exists, the member must bring it to the attention of the executive director and the chairman of the board when known and disclose the details of the conflict in writing. The executive director would then review the disclosure, appropriateness of the transaction and re-authorize the board member if it still in the best interest of the organization.

Form 990, Part VI, Line 15A

The board meets annually each january to set the executive directors compensation based on performance and comparability data from organizations of similar size and structure in the mid atlantic region.

Form 990, Part VI, Line 19

The organizations conflict of interest policy, financial statements, and governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Oyster Recovery Partnership Inc
EIN
23-7204806
Phone
4109904970
Address
1805A VIRGINIA STREET, Annapolis, MD 21401

Signing Officer

Name
H Ward Slacum
Title
Executive Director
Phone
4109904970
Signed
2025-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tighe Merkert
Formed
1972
Legal Domicile
Md
Voting Board Members
20
Independent Board Members
20
Employees
24
Volunteers
144

Preparer

Firm
Alta CPA Group
Address
59 Franklin St 2nd Floor, Annapolis, MD 21401
Preparer
Jeffrey Griffith
Phone
4103495101
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Program one continuation-3 establishing and applying common monitoring protocols to evaluate project performance and 4expanding aquaculture initiatives. Up to 750 million seed oysters produced tributaries to accelerate recovery. Follow up monitoring of oyster health and disease pressure, reef associated fishes, and nearby shallow waters will be conducted to evaluate success of each technique. The reefs are expected to immediately be among the largest contiguous oyster reefs in chesapeake bay. Shell recycling to support the maryland department of natural resources shell collection program, the oyster recovery partnership initiated a shell recycling program to collect discarded shell from restaurants, catering businesses and seafood wholesalers. Shell is a vital material needed for oyster recovery activities. Electronic harvest reporting under contract from the maryland department of natural resources, orp managed a program to develop a robust electronic reporting and hailing system to track and increase the accountability of crab harvests. Since then, more than 200 watermen have participated in the program.

Form 990, Part IX, Line 11G

Oyster restoration fees 6,757,884 , admin,consulting fees 13,787

Financial Statement Notes

X 2

The partnership has received a determination letter indicating that is exempt from federal taxes as an organization described in section 501c3 of the internal revenue code. Accordingly, no provision for income taxes is required. The partnership monitors its activities and considers the potential for income taxes, if any, on activities that are not related to its exempt purpose. The partnerships informational return filings are subject to audit by the internal revenue service, generally for three years after filing.

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