Civic Intelligence

Marine Applied Research and Exploration

990 • Fiscal year 2017 • EIN 31-1821639

Jul 01, 2016 to Jun 30, 2017 • Filed on May 03, 2018

1230 Brickyard Cove Road Ste 101Richmond, CA 94801

(510) 232-1541

Siviq Scores

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

Liabilities / Assets

56th percentile

0.14x

Higher debt load relative to assets than 56% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

51st percentile

0.11x

Higher debt load relative to revenue than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

36th percentile

-0.8%

Higher net margin than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

87th percentile

$175,937

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

23rd percentile

-3.9%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

28th percentile

-4.0%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

$974,981

No earlier filing loaded for comparison.

Net Assets

$839,777

No earlier filing loaded for comparison.

Liabilities

$135,204

No earlier filing loaded for comparison.

Revenue

$1,281,673

No earlier filing loaded for comparison.

Expenses

$1,292,138

No earlier filing loaded for comparison.

Net Income

-$10,465

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2017: $974,981Liabilities 2017: $135,204Net Assets 2017: $839,7772017Assets 2018: $665,932Liabilities 2018: $109,215Net Assets 2018: $556,7172018Assets 2019: $704,283Liabilities 2019: $114,585Net Assets 2019: $589,6982019Assets 2020: $1,017,546Liabilities 2020: $472,951Net Assets 2020: $544,5952020Assets 2021: $1,137,478Liabilities 2021: $485,819Net Assets 2021: $651,6592021Assets 2022: $1,174,372Liabilities 2022: $371,548Net Assets 2022: $802,8242022Assets 2024: $336,806Liabilities 2024: $347,763Net Assets 2024: -$10,9572024Assets 2025: $632,056Liabilities 2025: $581,605Net Assets 2025: $50,4512025

Highlighted filing

2017

Assets$974,981
Liabilities$135,204
Net Assets$839,777

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $1,281,673Expenses 2017: $1,292,138Net Income 2017: -$10,4652017Revenue 2018: $750,338Expenses 2018: $1,033,398Net Income 2018: -$283,0602018Revenue 2019: $1,089,340Expenses 2019: $1,056,359Net Income 2019: $32,9812019Revenue 2020: $1,280,140Expenses 2020: $1,325,243Net Income 2020: -$45,1032020Revenue 2021: $1,582,492Expenses 2021: $1,475,428Net Income 2021: $107,0642021Revenue 2022: $1,698,520Expenses 2022: $1,633,861Net Income 2022: $64,6592022Revenue 2024: $959,347Expenses 2024: $1,750,539Net Income 2024: -$791,1922024Revenue 2025: $1,657,451Expenses 2025: $1,596,043Net Income 2025: $61,4082025

Highlighted filing

2017

Revenue$1,281,673
Expenses$1,292,138
Net Income-$10,465
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 3, 2018
Return Version
2016v3.0
Gross Receipts
$1,299,778
Mission and Program Overview

Mission

Marine Applied Research & Exploration MARE provides technology and offshore operations expertise needed to see and work in deepwater marine environment - those beyond the reach of most divers. MARE collaborates with scientists, resource managers and environmental groups.

To apply science and technology to illuminate the state of the earth's oceans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$575,915$515,293▼ $60,622
Savings and Temporary Cash Investments$223,586$248,685▲ $25,099
Accounts Receivable$25,077$90,638▲ $65,561
Cash and Non-Interest-Bearing Accounts$58,675$72,103▲ $13,428
Prepaid Expenses and Deferred Charges$15,677$46,637▲ $30,960
Pledges and Grants Receivable$113,633$125▼ $113,508
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,014,095$974,981▼ $39,114
Other Assets Total$1,532$1,500▼ $32
Liabilities
Accounts Payable and Accrued Expenses$114,002$115,574▲ $1,572
Deferred Revenue$20,697--
Mortgage Notes Payable Secured by Investment Property$29,154$19,630▼ $9,524
Total Liabilities$163,853$135,204▼ $28,649
Net Assets / Fund Balance
Unrestricted Net Assets$655,728$814,152▲ $158,424
Temporarily Rstr Net Assets$194,514$25,625▼ $168,889
Total Net Assets Fund Balance$850,242$839,777▼ $10,465
Total Liabilities and Net Assets / Fund Balance$1,014,095$974,981▼ $39,114

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$206,373$377,878$584,251
Other Land Buildings$308,920-$308,920
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dirk RosenExecutive DirectorFT$143,833$32,104$175,937
Jennifer GoodwinControllerPT$12,681$1,918$14,599

Board Members and Trustees

NameTitle
John HubenthalChair/President
Rick DavenportChair/President
Allan McCarthyBoard Member
Don DisraeliBoard Member
Kerry DavidsonBoard Member
Marc LopataBoard Member
Margie WinklerBoard Member
Alicia BihlerSecretary
Alexandra ConnellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$397,977
Program Service Revenue
$893,532
Investment Income
$652
Other Revenue
$-10,488
All Other Contributions
$283,736
Change in Net Assets
$-10,465

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table28$20,732Fair Market Value (FMV)
Securities Publicly Traded2$2,995Fair Market Value (FMV)
Other Non Cash Contri Table5$2,845Fair Market Value (FMV)
Total Noncash Contributions35$26,572-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,281,673
Total Revenue per Audited Statements
$1,281,673
Total Revenue per Form 990
$1,281,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$750,983
Other Expenses$541,155
Total Fundraising Expense$137,865
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$341,105$57,357$68,320$466,782
Current Officers, Directors, Trustees, and Key Employees$49,790$95,863$37,343$182,996
Fees for Services Other$87,663$16,419$1,226$105,308
Depreciation Depletion$78,749$46-$78,795
Insurance$55,890$2,108-$57,998
Travel$35,443$11,988$7,258$54,689
Payroll Taxes$32,264$9,661$7,923$49,848
Other Employee Benefits$28,309$465$6,975$35,749
Occupancy$27,946$2,716$896$31,558
Office Expenses$9,650$9,922$1,162$20,734
Pension Plan Contributions$14,864$528$216$15,608
Conferences and Meetings$8,466$25-$8,491
Fees for Services Accounting-$7,358-$7,358
Advertising$2,567$475$2,618$5,660
Fees for Services Legal-$5,646-$5,646
Other Expenses$3,349$3,559$3,928$3,559
Interest-$2,511-$2,511
Total Functional Expenses$925,279$228,994$137,865$1,292,138

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,292,138
Total Expenses per Audited Statements$1,292,138
Total Expenses per Form 990$1,292,138
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,105
Fundraising Gross Income$5,620
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fish Dinner$60,377$5,620$5,936$-316
Total Events$60,377$5,620$18,105$-12,485
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 11B: Form 990 Review Process

Financial Committee reviewed it.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

By filling out an annual disclosure questionnaire.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Marine Applied Research and Exploration
EIN
31-1821639
Phone
5102321541
Address
1230 Brickyard Cove Road Ste 101, Richmond, CA 94801

Signing Officer

Name
Dirk Rosen
Title
Executive Director
Signed
2018-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dirk Rosen
Formed
2003
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
7
Employees
12

Preparer

Firm
Crosby & Kaneda CPAs LLP
Address
1970 Broadway STE 930, Oakland, CA 94612
Preparer
Adele Kaneda
Phone
5108352727
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has evaluated its current tax positions as of June 30, 2017 and is not aware of any significant uncertain tax positions for which a reserve would be necessary.

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