2024-02-29T13:10:39-06:00 2023-06-30 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2022-07-01 201480528 GULF OF MAINE PROPERTIES INC GULF 2072281690 350 COMMERCIAL STREET PORTLAND ME 04101 GLENN PRICKETT CEO 2072281690 2024-02-09 1 GLENN PRICKETT 999009999 1 JULIA HOWLAND CPA P01711658 2077745701 2024-02-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GLENN PRICKETT 350 COMMERCIAL STREET PORTLAND ME 04101 1197809 0 X N/A X 2004 ME THE PURPOSE OF THE CORPORATION IS TO PROMOTE THE LAWFUL INTEREST OF THE GULF OF MAINE RESEARCH INSTITUTE, A NONPROFIT, CHARITABLE INSTITUTION DULY ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF MAINE BY ACQUIRING, HOLDING, MANAGING, MAINTAINING, DEVELOPING, OR DISPOSING OF REAL PROPERTY FOR THE BENEFIT OF AND IN CONNECTION WITH THE GULF OF MAINE RESEARCH INSTITUTE. 6 6 0 5 0 0 0 0 1041247 1163312 16028 28084 0 0 1057275 1191396 0 0 0 0 0 0 0 0 0 957070 1159352 957070 1159352 100205 32044 10565313 10597155 2861160 2881768 7704153 7715387 TO ACQUIRE, HOLD, MANAGE, MAINTAIN, DEVELOP, OR DISPOSE OF REALPROPERTY FOR THE BENEFIT OF AND IN CONNECTION WITH THE GULF OF MAINERESEARCH INSTITUTE. 0 0 1032510 0 1163312 GULF OF MAINE PROPERTIES OWNS, MANAGES, MAINTAINS AND DEVELOPS REAL PROPERTY FOR THE BENEFIT OF GULF OF MAINE RESEARCH INSTITUTE (GMRI). GMRI OCCUPIED 82.35% OF THE FACILITIES AND THE REMAINING SPACE WAS RENTED TO OTHER TENANTS IN ORDER TO SUBSIDIZE THE COST OF THE FACILITIES AND THEREBY SUPPORT GMRI'S MISSION. TENANTS EITHER PROVIDED SERVICES CONSISTENT WITH GMRI'S MISSION OR PROVIDED SUBSTANTIAL SERVICES TO GMRI WHICH DIRECTLY SUPPORTED GMRI'S MISSION. 1032510 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X X ANGIE MARTINEAU 2072281690 350 COMMERCIAL STREET PORTLAND ME 04101 CHARISSA KERR TREASURER 5.00 40.00 X X 0 154696 9410 CHARLES E MILLER ESQ CHAIR 2.00 X X 0 0 0 TOM HANSON DIRECTOR 1.00 X 0 0 0 DAVID LAWRENCE DIRECTOR 1.00 X 0 0 0 TONY MCDONALD DIRECTOR 1.00 X 0 0 0 DAVID SMITH DIRECTOR 1.00 1.00 X 0 0 0 DONALD W PERKINS JR PRESIDENT 5.00 40.00 X 0 688571 208819 0 843267 218229 0 0 1 0 0 PROGRAM RENTAL REVENUE 531310 1163312 1163312 1163312 34497 34497 6413 -6413 -6413 -6413 1191396 1163312 0 28084 118442 118442 8400 8400 41202 41202 152575 152575 28597 28597 347962 347962 94294 94294 338549 338549 29253 29253 78 78 1159352 1032510 126842 0 63009 42094 360456 580483 205581 220413 11916 7372 14883821 6076358 9144059 8807463 780292 939330 10565313 10597155 39910 154610 21674 400 2788175 2715357 11401 11401 2861160 2881768 X 7704153 7715387 7704153 7715387 10565313 10597155 X 32044 14397 -35207 X 0 1 X 1 0 X X X 1 GMRI 010504905 7 1 35207 0 1 35207 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 2540526 2540526 11397121 5248585 6148536 88686 64782 23904 171720 168316 3404 685768 594675 91093 8807463 SECURITY DEPOSIT PAYABLE 11401 11401 X 1205793 14397 14397 1191396 0 1191396 1159352 0 1159352 0 1159352 PART X, LINE 2: GMRI AND GMPINC HAVE BEEN DETERMINED TO BE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAVE BOTH BEEN CLASSIFIED AS PUBLICLY SUPPORTED ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS UNDER SECTION 509(A) OF THE CODE. THE INSTITUTE HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. THE INSTITUTE IS SUBJECT TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THREE YEARS AFTER THE FILING OF THE INSTITUTE'S RETURN. 0 1 0 0 0 0 0 0 0 DONALD W PERKINS JR PRESIDENT 0 347684 0 230492 0 110395 0 198487 0 10332 0 897390 0 159224 CHARISSA KERR TREASURER 0 141060 0 13498 0 138 0 6660 0 2750 0 164106 0 0 PART I, LINE 3 THE ORGANIZATION'S PRESIDENT IS GMRI'S PRESIDENT. WHEN NEGOTIATING THE PRESIDENT'S COMPENSATION, GMRI HAS USED A BOARD CEO COMPENSATION COMMITTEE, ADVICE FROM INDEPENDENT COMPENSATION CONSULTANTS REGARDING THE CEO COMPENSATION MARKET, INFORMATION FROM PEER ORGANIZATION 990S, AND A WRITTEN EMPLOYMENT AGREEMENT APPROVED BY GMRI'S BOARD OF DIRECTORS. PART I, LINE 4B DONALD PERKINS PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN UNDER SECTIONS 409 AND 457 OF THE INTERNAL REVENUE CODE WITH A TOTAL MAXIMUM OBLIGATION OF $800,000. ACCRUAL OF FUNDING FOR THIS PLAN BEGAN IN 2016 AS PART OF A FIVE-YEAR EMPLOYMENT CONTRACT. QUARTERLY PAYMENTS STARTED IN 2021 FOLLOWING COMPLETION OF THE EXECUTIVE'S FIVE-YEAR EMPLOYMENT COMMITMENT. FUNDING OF THIS PLAN WAS EXTENDED TO 2023 DUE TO THE EXECUTIVE'S AGREEMENT TO EXTEND HIS EMPLOYMENT THROUGH DECEMBER 2023. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT CONTRACT WITH GMRI TO PROVIDE PROPERTY MANAGEMENT, ACCOUNTING, INFORMATION TECHNOLOGY, RECEPTION AND OTHER SERVICES AS NEEDED. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION MADE UP OF ONE MEMBER (GULF OF MAINE RESEARCH INSTITUTE) WHO PARTICIPATES IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A AS PER THE BYLAWS OF THE ORGANIZATION, THE SOLE MEMBER, GULF OF MAINE RESEARCH INSTITUTE, RETAINS THE SOLE RIGHT TO: (I) APPROVE THE AMENDMENT OR RESTATEMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION, IN WHOLE OR IN PART. (II) APPROVE THE AMENDMENT OR RESTATEMENT OF THE BYLAWS OF THE CORPORATION, IN WHOLE OR IN PART. (III) APPOINT AND REMOVE DIRECTORS OF THE CORPORATION, WITH OR WITHOUT CAUSE. (IV) APPOINT AND REMOVE THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THIS CORPORATION. (V) APPROVE THE STRATEGIC PLAN OF THE CORPORATION. (VI)APPROVE THE ANNUAL OPERATING PLAN AND BUDGET OF THE CORPORATION. (VII) APPROVE SIGNIFICANT FINANCIAL TRANSACTIONS AND SIGNIFICANT BUDGET VARIANCES OF THE CORPORATION. (VIII) APPROVE THE CONVERSION, MERGER, CONSOLIDATION, DISSOLUTION OR LIQUIDATION OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B AS PER THE BYLAWS OF THE ORGANIZATION, THE SOLE MEMBER, GULF OF MAINE RESEARCH INSTITUTE, RETAINS THE SOLE RIGHT TO: (I) APPROVE THE AMENDMENT OR RESTATEMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION, IN WHOLE OR IN PART. (II) APPROVE THE AMENDMENT OR RESTATEMENT OF THE BYLAWS OF THE CORPORATION, IN WHOLE OR IN PART. (III) APPOINT AND REMOVE DIRECTORS OF THE CORPORATION, WITH OR WITHOUT CAUSE. (IV) APPOINT AND REMOVE THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THIS CORPORATION. (V) APPROVE THE STRATEGIC PLAN OF THE CORPORATION. (VI)APPROVE THE ANNUAL OPERATING PLAN AND BUDGET OF THE CORPORATION. (VII) APPROVE SIGNIFICANT FINANCIAL TRANSACTIONS AND SIGNIFICANT BUDGET VARIANCES OF THE CORPORATION. (VIII) APPROVE THE CONVERSION, MERGER, CONSOLIDATION, DISSOLUTION OR LIQUIDATION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS THE FOLLOWING REVIEW AND APPROVAL PROCESS: 1. 990 FILINGS ARE REVIEWED BY GMRI FINANCIAL STAFF, ACTING ON BEHALF OF THE ORGANIZATION. 2. COPIES OF 990 FILINGS ARE THEN PROVIDED TO THE PRESIDENT AND THE GMRI FINANCE COMMITTEE, ACTING ON BEHALF OF THE ORGANIZATION. 3. COPIES OF THE FINAL 990 FILING ARE PROVIDED TO THE ORGANIZATION'S DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE MINDFUL OF THE POTENTIAL FOR CONFLICT OF INTEREST. IF ONE ARISES, WE DISCUSS AND ADDRESS THE ISSUE. ANNUALLY BOARD MEMBERS ARE PRESENTED WITH A DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 NOT APPLICABLE - THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONSOLIDATING FINANCIAL STATEMENTS AVAILABLE ON GMRI'S WEBSITE OR UPON REQUEST. GOVERNING DOCUMENTS AND POLICY INFORMATION ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS TO GMRI -35,207. FORM 990 - THROUGHOUT REFERENCE TO GMRI IS THE GULF OF MAINE RESEARCH INSTITUTE, WHOSE NAME HAS BEEN SHORTENED ON THIS FORM IN ORDER TO FIT WITHIN THE SPACES PROVIDED. GULF OF MAINE RESEARCH INSTITUTE 350 COMMERCIAL STREET PORTLAND ME 04101 010504905 SEE PART VII ME 501(C)(3) LINE 7 N/A 0 GULF OF MAINE PROPERTIES I A CONDOMINIUM 350 COMMERCIAL STREET PORTLAND ME 04101 352446323 CONDOMINIUM ASSOCIATION ME GULF OF MAINE PROPERTIES INC C 1.00000 1 GULF OF MAINE SASHIMI 350 COMMERCIAL STREET PORTLAND ME 04101 832833089 SALE OF SASHIMI GRADE FISH ME GULF OF MAINE RESEARCH INSTITUTE C 0 0 0 0 1 1 0 0 0 0 1 0 0 1 0 0 1 0 1 0 SCHEDULE R, PART II - PRIMARY ACTIVITY OF GMRI GULF OF MAINE RESEARCH INSTITUTE (GMRI) PIONEERS COLLABORATIVE SOLUTIONS TO GLOBAL OCEAN CHALLENGES. PRIMARY ACTIVITIES INCLUDE: 1) ENGAGING K-12 STUDENTS AND TEACHERS IN AUTHENTIC SCIENCE EXPERIENCES THAT INCREASE THEIR UNDERSTANDING OF THE NATURE OF SCIENCE, AWARENESS OF ECOSYSTEM COMPLEXITY, AND SKILLS USING DATA TO SUPPORT CRITICAL THINKING; 2) CONDUCTING AND MANAGING INTERDISCIPLINARY, COLLABORATIVE, AND ACTION-ORIENTED RESEARCH TO INCREASE KNOWLEDGE OF THE ECOSYSTEMS AND ECONOMIES; 3) ENGAGING MARINE STAKEHOLDERS AND OTHER INTERESTED PUBLICS THROUGH CONVENINGS, TRAININGS, AND OTHER FORMS OF TECHNICAL ASSISTANCE TO SUPPORT LEARNING ABOUT ECOSYSTEM, BUSINESS, AND POLICY CHALLENGES AND DECISION-MAKING THAT CONTRIBUTES TO OCEAN AND COASTAL COMMUNITY RESILIENCE; AND 4) UNDERTAKING THE FINANCING, SITING, DESIGN, CONSTRUCTION, AND OPERATIONS OF FACILITIES TO SUPPORT THESE EDUCATION, SCIENCE, AND COMMUNITY INTERESTS.