Civic Intelligence

Northeastern Regional Association of Coastal Ocean Observation Syste

990 • Fiscal year 2020 • EIN 26-4607435

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 05, 2021

195 New Hampshire Avenue Suite 240Portsmouth, NH 03801

(603) 319-1785

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.69x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.27x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

34th percentile

-1.1%

Higher net margin than 34% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$164,684

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

75th percentile

24%

Faster asset growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-6.4%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,225,651

Up $236,644 (+24%) from 2019

Net Assets

Down

$374,187

Down $33,693 (-8.3%) from 2019

Liabilities

Up

$851,464

Up $270,337 (+47%) from 2019

Revenue

Down

$3,195,054

Down $219,568 (-6.4%) from 2019

Expenses

Down

$3,228,747

Down $89,018 (-2.7%) from 2019

Net Income

Down

-$33,693

Down $130,550 (-135%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2012: $791,478Liabilities 2012: $745,191Net Assets 2012: $46,2872012Assets 2013: $281,360Liabilities 2013: $360,656Net Assets 2013: -$79,2962013Assets 2014: $862,315Liabilities 2014: $451,939Net Assets 2014: $410,3762014Assets 2015: $1,145,326Liabilities 2015: $1,041,992Net Assets 2015: $103,3342015Assets 2016: $527,458Liabilities 2016: $414,465Net Assets 2016: $112,9932016Assets 2017: $876,598Liabilities 2017: $590,998Net Assets 2017: $285,6002017Assets 2018: $752,188Liabilities 2018: $441,165Net Assets 2018: $311,0232018Assets 2019: $989,007Liabilities 2019: $581,127Net Assets 2019: $407,8802019Assets 2020: $1,225,651Liabilities 2020: $851,464Net Assets 2020: $374,1872020Assets 2021: $603,712Liabilities 2021: $307,265Net Assets 2021: $296,4472021Assets 2022: $1,473,276Liabilities 2022: $1,120,821Net Assets 2022: $352,4552022Assets 2023: $983,680Liabilities 2023: $403,473Net Assets 2023: $580,2072023Assets 2024: $1,609,554Liabilities 2024: $667,647Net Assets 2024: $941,9072024

Highlighted filing

2020

Assets$1,225,651
Liabilities$851,464
Net Assets$374,187

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $2,116,7372012Expenses 2013: $2,110,1832013Revenue 2014: $2,788,364Expenses 2014: $2,298,692Net Income 2014: $489,6722014Revenue 2015: $2,994,551Expenses 2015: $3,301,593Net Income 2015: -$307,0422015Revenue 2016: $3,280,090Expenses 2016: $3,270,431Net Income 2016: $9,6592016Revenue 2017: $3,462,922Expenses 2017: $3,290,315Net Income 2017: $172,6072017Revenue 2018: $3,215,605Expenses 2018: $3,190,182Net Income 2018: $25,4232018Revenue 2019: $3,414,622Expenses 2019: $3,317,765Net Income 2019: $96,8572019Revenue 2020: $3,195,054Expenses 2020: $3,228,747Net Income 2020: -$33,6932020Revenue 2021: $3,843,145Expenses 2021: $3,920,885Net Income 2021: -$77,7402021Revenue 2022: $5,263,995Expenses 2022: $5,207,987Net Income 2022: $56,0082022Revenue 2023: $4,416,158Expenses 2023: $4,188,152Net Income 2023: $228,0062023Revenue 2024: $5,357,625Expenses 2024: $4,995,925Net Income 2024: $361,7002024

Highlighted filing

2020

Revenue$3,195,054
Expenses$3,228,747
Net Income-$33,693
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 5, 2021
Return Version
2019v5.0
Gross Receipts
$3,195,054
Mission and Program Overview

Mission

The Northeastern Regional Association of Coastal and Ocean Observing Systems' (NERACOOS) mission is to produce, integrate and communicate high-quality information that helps ensure safety, economic and environmental resilience, and sustainable use of the coastal ocean.

The northeastern regional association of coastal and ocean observing systems' (neracoos) mission is to produce, integrate and communicate high- quality information that helps ensure safety, economic and environmental resilience, and sustainable use of the coastal ocean.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$634,287$975,486▲ $341,199
Cash and Non-Interest-Bearing Accounts$345,931$238,819▼ $107,112
Prepaid Expenses and Deferred Charges$6,826$9,383▲ $2,557
Total Assets$989,007$1,225,651▲ $236,644
Other Assets Total$1,963$1,963→ $0
Liabilities
Accounts Payable and Accrued Expenses$581,127$851,464▲ $270,337
Total Liabilities$581,127$851,464▲ $270,337
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$407,880$374,187▼ $33,693
Total Net Assets Fund Balance$407,880$374,187▼ $33,693
Total Liabilities and Net Assets / Fund Balance$989,007$1,225,651▲ $236,644
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John Ru MorrisonExecutive DiFT$161,765$2,919$164,684
John Ru MorrisonExecutive Director-$161,765$2,919$164,684

Board Members and Trustees

NameTitle
John TrowbridgePresident
Andrew PershingDirector
Carl WilsonDirector
Christian WilliamsDirector
David HebertDirector
David TownsendDirector
David UllmanDirector
Jason GoldsteinDirector
Joseph SalisburyDirector
Pamela Di BonaDirector
Rhonda MonizDirector
Thomas TaylorDirector
Todd CallaghanDirector
Todd MorrisonDirector
Tom PhamDirector
Andrew ThomasAlternate Di
Jonathan GrantAlternate Di
Ted DiersAlternate Di
Zhaohui WangAlternate Di
Jake KritzerExecutive Di
Michael WhitneySecretary
Janet FreedmanTreasurer
Philip TrowbridgeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,190,443
Program Service Revenue
$4,462
Investment Income
$149
Other Revenue
$0
All Other Contributions
$73,133
Change in Net Assets
$-33,693

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,195,054
Total Revenue per Audited Statements
$3,195,054
Total Revenue per Form 990
$3,195,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,537,558
Salaries, Compensation, and Employee Benefits$508,885
Other Expenses$182,304
Total Fundraising Expense$1,695
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,467,037--$2,467,037
Other Salaries and Wages$278,614$41,160-$319,774
Current Officers, Directors, Trustees, and Key Employees$43,632$71,453-$115,085
Office Expenses$18,178$34,525$1,400$54,103
Grants to Domestic Individuals$40,521--$40,521
Travel$34,526--$34,526
Payroll Taxes$25,405$8,878-$34,283
Fees for Services Other$30,150$831-$30,981
Foreign Grants$30,000--$30,000
Occupancy$10,457$13,858$295$24,610
Other Employee Benefits$16,947$5,923-$22,870
Fees for Services Accounting-$17,716-$17,716
Pension Plan Contributions$12,504$4,369-$16,873
Conferences and Meetings$14,262$792-$15,054
Insurance-$4,834-$4,834
Fees for Services Legal-$480-$480
Total Functional Expenses$3,022,233$204,819$1,695$3,228,747

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,228,747
Total Expenses per Audited Statements$3,228,747
Total Expenses per Form 990$3,228,747
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of MaineOrono, MEGovernSee Part Iv$955,504
University of New HampshireDurham, NHGovernSee Part Iv$380,053
University of Massachusetts DartmouNorth Dartmouth, MAGovernSee Part Iv$312,233
Woods Hole Oceanographic InstitutioWoods Hole, MA-See Part Iv$276,737
Gulf of Maine Research InstitutePortland, MEGovernSee Part Iv$237,945
Woods Hole GroupBourne, MA-See Part Iv$95,661
Massachusetts Division of MarineBoston, MAGovernSee Part Iv$69,000
University of Rhode IslandKingston, RI501c3See Part Iv$67,890
WebitectsChicago, IL-See Part Iv$19,125
University of ConnecticutStorrs, CTGovernSee Part Iv$18,054
Gulf of Maine Lobster FoundationKennebunk, ME501c3See Part Iv$13,000
Charybdis LLCBoston, MA501c3See Part Iv$10,000

International Summary

Spending
$30,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America - Canada and MexicoGrantGrants--$30,000
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
No
Subject to proxy tax
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, Page 6, Part VI, Line 11B

The form 990 is prepared by an outside independent accountant and provided to the board of directors for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Members of the board of directors, officers, employees, and committee and team members are required to at least annually disclose any situation involving actual or potential conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

The executive director's salary is determined by the board of directors using comparability data and industry benchmarks. The executive director is the organization's top management official and there are no other officers or key employees.

Form 990, Page 6, Part VI, Line 19

Neracoos makes its governing documents, conflict of interest policy, and financial statements available to the public on the organization's website and upon request.

Filing and Contact Details

Filer

Filer Name
Northeastern Regional Association
EIN
26-4607435
Phone
6033191785
Address
195 NEW HAMPSHIRE AVENUE SUITE 240, PORTSMOUTH, NH 03801

Signing Officer

Name
Christian Williams
Title
Treasurer
Phone
6033191785
Signed
2021-08-05

Organization Details

Principal Officer
John Trowbridge
Formed
2008
Legal Domicile
Me
Voting Board Members
18
Independent Board Members
18
Employees
7
Volunteers
30

Preparer

Firm
Hession & Pare Pc
Address
62 STARK STREET, MANCHESTER, NH 03101-1970
Preparer
Jennifer Webb CPA
Phone
6036695477
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The northeastern regional association of coastal and ocean observing systems' (neracoos) mission is to produce, integrate and communicate high- quality information that helps ensure safety, economic and environmental resilience, and sustainable use of the coastal ocean.

Form 990, Page 2, Part III, Line 4A

Neracoos monitors the ocean in the northeastern region, an area that stretches from the gulf of maine to long island sound. This is a large, dynamic environment that changes continuously. People who work and play on the water, as well as those who live in coastal communities, depend on the data and forecasts we provide to make sound decisions. People use our products to decide when to bring large oil tankers into port, where to go for the best waves for surfing, and whether it's safe to go fishing. In addition, scientists and meteorologists use our data to better understand and predict what's happening in the ocean - such as storms, sea-level change, animal migrations, and harmful algae blooms. We deliver all this information to help protect lives and property, empower coastal economies, and improve the health of our oceans.

Financial Statement Notes

Schedule D, Page 3, Part X

Neracoos is exempt from federal income tax under section 501(c)(3) of the internal revenue code. As such, no tax provisions have been made in the accompanying financial statements. Neracoos has adopted provisions of the fasb asc topic 740-10. Neracoos' policy is to evaluate all tax positions on an annual basis in conjunction with the filing of the annual return of organization exempt from income tax. Interest and penalties assessed by income taxing authorities are included in administrative expense. For 2020 and 2019, there were no penalties or interest assessed or paid. Neracoos files informational returns in the u.s. Federal and state jurisdictions.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.61$0.67$0.94$5.36$5.00$0.36
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.40$0.58$4.42$4.19$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$1.12$0.35$5.26$5.21$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.60$0.31$0.30$3.84$3.92$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.85$0.37$3.20$3.23$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.58$0.41$3.41$3.32$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.75$0.44$0.31$3.22$3.19$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.59$0.29$3.46$3.29$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.53$0.41$0.11$3.28$3.27$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.15$1.04$0.10$2.99$3.30$0.31
2014Detailed filing. Detailed filing data is available for this year.$0.86$0.45$0.41$2.79$2.30$0.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.36$0.08$2.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.75$0.05$2.12