2026-05-13T13:07:40-05:00 2025-06-30 393647910 WIPFLI ADVISORY LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2024-07-01 010504905 GULF OF MAINE RESEARCH INSTITUTE GULF 2077722321 350 COMMERCIAL STREET PORTLAND ME 04101 GLENN PRICKETT CEO 2077722321 2026-05-07 1 0 JULIA HOWLAND CPA P01711658 2077745701 2026-05-07 2024 2025-03-06 01:10:19Z GLENN PRICKETT 350 COMMERCIAL STREET PORTLAND ME 04101 27694282 0 X WWW.GMRI.ORG X 1994 ME GMRI PIONEERS COLLABORATIVE SOLUTIONS TO GLOBAL OCEAN CHALLENGES. 22 22 130 24 -77861 0 18165074 21021414 1338165 1091186 501334 827462 238512 385875 20243085 23325937 0 0 0 0 10518506 11363079 0 0 1369786 7190019 7996418 17708525 19359497 2534560 3966440 53705208 59376541 14481956 14528470 39223252 44848071 X THE GULF OF MAINE RESEARCH INSTITUTE (GMRI) DEVELOPS AND DELIVERS COLLABORATIVE SOLUTIONS TO GLOBAL OCEAN CHALLENGES. 0 0 4400557 0 114209 RESEARCH THAT DEEPENS OUR SCIENTIFIC UNDERSTANDING OF THE GULF OF MAINE ECOSYSTEM AND ECONOMY. 5793135 0 8900 HANDS-ON SCIENCE LEARNING EXPERIENCES FOR STUDENTS AND ADULTS AND SUPPORT FOR MAINE'S SCIENCE EDUCATORS. 2168321 0 28758 SUPPORT FOR THE COMMUNITIES THAT DEPEND ON THE GULF OF MAINE, INCLUDING FISHERMEN, AQUACULTURISTS, AND SEAFOOD SUPPLY CHAIN BUSINESSES. 777926 0 125532 CREATING, SCALING, AND INVESTING IN HIGH-IMPACT COMPANIES THAT ADVANCE GMRI'S NONPROFIT MISSION. 0 0 792905 GMRI PROVIDES PROPERTY MANAGEMENT SERVICES TO GMP, WHOSE PURPOSE IS TO SUPPORT GMRI, AND RECEIVES OTHER EXEMPT PURPOSE REVENUE WHICH SUPPORTS GMRI'S EXEMPT PURPOSE. GMRI ALSO PROVIDES PROPERTY MANAGEMENT SERVICES TO UW, A FOR-PROFIT SUBSIDIARY OF GMRI. 0 0 499440 LOCAL, STATE, NATIONAL, AND GLOBAL CLIMATE ACTIONS TO HELP COASTAL COMMUNITIES THRIVE IN A WARMER WORLD. 777926 0 1417877 13139939 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 125 0 130 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X GLENN PRICKETT 2077722321 350 COMMERCIAL STREET PORTLAND ME 04101 MICHAEL BONNEY CHAIR 2.00 X X 0 0 0 DENISE DESCHENES VICE CHAIR 2.00 X X 0 0 0 LISA HOOK TREASURER 1.00 X X 0 0 0 PAT PANAIA SECRETARY 2.00 X X 0 0 0 GEORGE BELL DIRECTOR 1.00 X 0 0 0 TAWNY ALVAREZ DIRECTOR 1.00 X 0 0 0 PETER BRYANT DIRECTOR 1.00 X 0 0 0 DICK CURRAN DIRECTOR 1.00 X 0 0 0 JILL DUSON DIRECTOR 1.00 X 0 0 0 JAY ESPY DIRECTOR 1.00 X 0 0 0 JEAN GULLIVER DIRECTOR (THRU 1.00 X 0 0 0 ERIC HALEY DIRECTOR 1.00 X 0 0 0 REBECCA HATFIELD DIRECTOR (THRU 1.00 1.00 X 0 0 0 LUKE HOLDEN DIRECTOR 1.00 X 0 0 0 MARGARET HONEY DIRECTOR 1.00 X 0 0 0 ERIC KOLBEN DIRECTOR 1.00 X 0 0 0 R SCOTT MAHONEY DIRECTOR (THRU 1.00 X 0 0 0 RICHARD MERRICK DIRECTOR 1.00 X 0 0 0 TONY MCDONALD DIRECTOR (THRU 1.00 X 0 0 0 STEVEN MURAWSKI DIRECTOR 1.00 X 0 0 0 PENNY NOYCE DIRECTOR (THRU 1.00 X 0 0 0 ANNE OLIVIERO DIRECTOR (THRU 1.00 X 0 0 0 MATTHEW O'REILLY DIRECTOR 1.00 X 0 0 0 CECILY PINGREE DIRECTOR 1.00 X 0 0 0 FRANK SIMON DIRECTOR 1.00 X 0 0 0 DAVID SMITH DIRECTOR 1.00 1.00 X 0 0 0 JULIA TROTMAN DIRECTOR 1.00 X 0 0 0 ABIGAL WARK DIRECTOR 1.00 X 0 0 0 CHARISSA KERR CHIEF FINANCIAL OFFICER 40.00 5.00 X 180020 0 10295 NANA ANNAN CHIEF OPERATING OFFICER 40.00 X 198907 0 4914 GLENN PRICKETT PRESIDENT/CEO 40.00 5.00 X 371136 0 8887 BLAINE GRIMES CHIEF VENTURES OFFICER 40.00 X 307355 0 26182 MARGARET HENDRICKS ROUDSARI CHIEF DEVELOPMENT OFFICER 40.00 X 174333 0 12239 JANET DUFFY-ANDERSON CHIEF SCIENTIFIC OFFICER 40.00 X 192017 0 15674 DAVID REIDMILLER CLIMATE CENTER DIRECTOR 40.00 X 175355 0 22068 LEIGH PEAKE CHIEF EDUCATION OFFICER 40.00 X 185333 0 17461 KATHY MILLS RESEARCH SCIENTIST 40.00 X 157777 0 9452 GRAHAM SHERWOOD RESEARCH SCIENTIST 40.00 X 156509 0 19366 DONALD W PERKINS JR PRESIDENT/CEO THRU12/31/23 0.00 0.00 X 451198 0 1022 2549940 0 147560 21 1 1 0 NORTHEASTERN UNIVERSITY 360 HUNTINGTON AVE MAIL STOP 540-17 BOSTON MA 02115 SUBAWARD PAYMENTS 377311 CUSTOM COACH 19 BARTLETT ROAD GORHAM ME 04038 BUSSING STUDENTS FOR LABVENTURE PROGRAM 252244 EDUCATION DEVELOPMENT CENTER 300 FIFTH AVENUE SUITE 2010 WALTHAM MA 02451 SUBAWARD PAYMENTS ON NASA GRANT 228046 UPSWELL 555 SE MLK BLVD SUITE 520 PORTLAND OR 97214 COHEN CENTER NEW PROGRAMMING AND OTHER S 201197 UNIVERSITY OF MAINE 5717 CORBETT HALL ROOM 404 ORONO ME 044695717 SUBAWARD PAYMENTS 187954 13 13392924 7628490 263232 21021414 CONTRACT INCOME 541700 1091186 1091186 1091186 790585 790585 1339906 1432639 -92733 -92733 -77861 -14872 2972583 2935706 36877 36877 36877 PROPERTY MANAGEMENT FEE & OTHER 900099 241482 241482 MISCELLANEOUS INCOME 900099 237126 237126 478608 23325937 1569794 -77861 812590 X 1612827 397320 1114705 100802 7141870 4564304 1935217 642349 335900 229497 76864 29539 1641226 1842131 -472477 271572 631256 461634 105156 64466 25559 14274 11285 90848 90848 3835741 3569846 182130 83765 467483 183172 216043 68268 66142 65259 883 890776 890776 611158 438172 111184 61802 33338 22432 5658 5248 65250 65250 305010 305010 64917 64917 OTHER SPECIAL COSTS 1267712 1267712 RECRUITMENT COSTS 73190 1246 71944 STAFF DEVELOPMENT 56721 7412 46995 2314 MISCELLANEOUS 53885 16157 11372 26356 88688 59371 16012 13305 19359497 13139939 4849772 1369786 576976 1585990 5413800 7570754 5302598 3614042 1834273 2421270 50000 0 245835 264954 23826808 4746203 15937820 19080605 19311541 20999085 1144124 0 3888241 3839841 53705208 59376541 1376001 1897847 68063 86127 12353968 12057396 683924 487100 14481956 14528470 X 19126421 25051296 20096831 19796775 39223252 44848071 53705208 59376541 X 3966440 1894447 -236068 X 0 1 X 1 1 1 X 12182676 14796754 18500511 18165074 21021414 84666429 12182676 14796754 18500511 18165074 21021414 84666429 5122790 79543639 143435 755090 1634827 1902299 2118011 6553662 62537 41542 104079 91324170 4959589 0.87100 0.88370 X PART II, SECTION A AND SECTION B COLUMN (E) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2025. COLUMN (D) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2024. COLUMN (C) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2023. COLUMN (B) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2022. COLUMN (A) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 21000 21000 0 PART II-B, LINE 1: PAID PINEAU POLICY ASSOCIATES FOR STATE OF MAINE LOBBYING. 14666400 2342059 1974221 618860 18363820 11775118 1667643 1656684 433045 14666400 9909833 1169920 1115188 419823 11775118 10203962 1556179 -1474936 375372 9909833 6848441 1616576 2026808 287863 10203962 0.86600 0.13400 0.00000 0 0 5340602 5340602 8828323 1224264 7604059 324057 175154 148903 1634866 1137284 497582 7698960 2209501 5489459 19080605 ACCRUED INTEREST AND DIVIDEND RECEIVABLE 61799 BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 222600 BENEFICIAL INTEREST IN POOLED INVESTMENTS HELD BY OTHERS 3157534 OTHER COMPENSATION 397908 3839841 SECURITY DEPOSIT 22556 ACCRUED COMPENSATION 464544 487100 X 26754461 1894447 101438 1432639 3428524 23325937 0 23325937 20893574 101438 1432639 1534077 19359497 0 19359497 PART V, LINE 4: THE INTENDED USE OF THESE ENDOWMENT FUNDS IS FOR LONG-TERM INVESTMENT PURPOSES. THE INCOME IS TO BE USED TO HELP MEET THE OPERATING COSTS OF GMRI AND, IF NECESSARY, THE BALANCE IS TO PROVIDE A LAST-RESORT SOURCE OF FUNDS IN THE CASE OF SERIOUS FINANCIAL NEED. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,405,287. PARKING LOT EXPENSES 27,352. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 1,405,287. PARKING LOT EXPENSES 27,352. PART V, LINE 1 COLUMN (A) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2025. COLUMN (B) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2024. COLUMN (C) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2023. COLUMN (D) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2022. COLUMN (E) REPRESENTS THE AMOUNTS FOR FISCAL YEAR 06/30/2021. X X X X X X 1 1 0 1 0 0 0 1 0 DONALD W PERKINS JR PRESIDENT/CEO THRU12/31/23 17029 0 50000 0 384169 0 1022 0 0 0 452220 0 256704 0 GLENN PRICKETT PRESIDENT/CEO 362891 0 0 0 8245 0 0 0 8887 0 380023 0 0 0 BLAINE GRIMES CHIEF VENTURES OFFICER 256959 0 50000 0 396 0 12462 0 13720 0 333537 0 0 0 JANET DUFFY-ANDERSON CHIEF SCIENTIFIC OFFICER 191759 0 0 0 258 0 11708 0 3966 0 207691 0 0 0 NANA ANNAN CHIEF OPERATING OFFICER 164152 0 0 0 34755 0 0 0 4914 0 203821 0 0 0 LEIGH PEAKE CHIEF EDUCATION OFFICER 184937 0 0 0 396 0 11433 0 6028 0 202794 0 0 0 DAVID REIDMILLER CLIMATE CENTER DIRECTOR 175265 0 0 0 90 0 11170 0 10898 0 197423 0 0 0 CHARISSA KERR CHIEF FINANCIAL OFFICER 179882 0 0 0 138 0 10165 0 130 0 190315 0 0 0 MARGARET HENDRICKS ROUDSARI CHIEF DEVELOPMENT OFFICER 149289 0 25000 0 44 0 9143 0 3096 0 186572 0 0 0 GRAHAM SHERWOOD RESEARCH SCIENTIST 156371 0 0 0 138 0 9755 0 9611 0 175875 0 0 0 KATHY MILLS RESEARCH SCIENTIST 157639 0 0 0 138 0 9322 0 130 0 167229 0 0 0 PART I, LINE 3 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, LINES 4A-B LINE 4A: FORMER OFFICER RECEIVED SEVERANCE PAYMENTS OF $136,469 IN FY25. FORMER PRESIDENT RECEIVED A TRANSITION PAYMENT OF $100,000. LINE 4B: THE PRESIDENT PARTICIPATES IN AN UNFUNDED SUPPLEMENTAL RETIREMENT PLAN UNDER SECTIONS 409 AND 457 OF THE INTERNAL REVENUE CODE OF $25,000 PER YEAR. IN JUNE 2024 $25,000 WAS ACCRUED AND SET ASIDE FOR THIS PLAN. LINE 4B: THE FORMER PRESIDENT PARTICIPATED 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. THE SUPPLEMENTAL RETIREMENT PLAN WAS FULLY FUNDED AS OF DECEMBER 2023 AND QUARTERLY PAYMENTS STARTED IN 2021. PART I, LINE 5 THE FORMER PRESIDENT PARTICIPATED IN A DEFERRED INCENTIVE COMPENSATION PLAN FOR PROGRESS ON MEETING LONG-TERM FINANCIAL GOALS FROM 2015 THROUGH 2023 UNDER WHICH PAYMENTS STARTED IN 2021. THE 2025 TOTAL ACCRUAL BALANCE TO SATISFY FUTURE OBLIGATIONS OF THE LONG TERM INCENTIVE PLAN WAS $104,544. PART I, LINE 7 EXECUTIVE OFFICERS RECEIVED BONUSES DURING THE YEAR BASED ON THEIR PERFORMANCE IN ACHIEVING GOALS THROUGHOUT THE YEAR. X 45 2003023 MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES AN INVESTMENT FIRM TO SELL ANY STOCK CONTRIBUTIONS IT RECEIVES. 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. 2. COPIES OF 990 FILINGS ARE THEN PROVIDED TO THE PRESIDENT AND FINANCE COMMITTEE. 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 STAFF AND BOARD 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 STAFF AND EXTERNAL STAKEHOLDERS ARE ASKED TO GIVE INPUT ON THE PERFORMANCE OF THE PRESIDENT. THE INFORMATION IS THEN COMPILED AND THE RESULTS SUMMARIZED. THE CHAIRMAN OF THE BOARD COLLECTS ALL INPUTS AND REVIEWS THE RESULTS WITH THE EXECUTIVE COMMITTEE. ANNUALLY THE PRESIDENT AND CHIEF OPERATING OFFICER CONDUCT A REVIEW OF COMPENSATION OF KEY EMPLOYEES. PERIODICALLY EXTERNAL SURVEYS AND COMPARISONS ARE DONE BY AN INDEPENDENT COMPENSATION ADVISOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE. FORM 990, PART IX, LINE 11G SUBCONTRACTED RESEARCH AND OTHER SERVICES: PROGRAM SERVICE EXPENSES 3,151,826. MANAGEMENT AND GENERAL EXPENSES 42,898. FUNDRAISING EXPENSES 45,765. TOTAL EXPENSES 3,240,489. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 394,020. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 20,000. TOTAL EXPENSES 414,020. SUBCONTRACTED VESSELLS: PROGRAM SERVICE EXPENSES 24,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,000. FUNDRAISING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 18,000. TOTAL EXPENSES 18,000. RECEPTIONIST SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 139,232. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 139,232. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SUBSIDIARIES 2,059,186. TRANSFER OF ASSETS FROM GMP 907,056. INVESTMENT IN UNION WHARF LLC - ELIMINATING ENTRY -3,202,310. FORM 990 - THROUGHOUT: REFERENCE TO GMPINC IS THE GULF OF MAINE PROPERTIES, INC., WHOSE NAME HAS BEEN SHORTENED ON THIS FORM IN ORDER TO FIT WITHIN THE SPACES PROVIDED. UNION WHARF LLC 350 COMMERCIAL STREET PORTLAND ME 04101 301287662 TO ACQUIRE, HOLD, MANAGE, DEVELOP, OR DISPOSE OF REAL PROPERTY ME 195243 12724170 GULF OF MAINE RESEARCH INSTITUTE GULF OF MAINE VENTURES LLC 350 COMMERCIAL STREET PORTLAND ME 04101 881765254 TO INVEST IN BLUE ECONOMY BUS-S TO SUPPORT RESILIENCE IN COASTAL COMMUNITIES ME -1208 0 GULF OF MAINE RESEARCH INSTITUTE GULF OF MAINE PROPERTIES INC 350 COMMERCIAL STREET PORTLAND ME 04101 201480528 SEE SCHEDULE R, PART VII ME 501(C)(3) LINE 12A, I GULF OF MAINE RESEARCH INSTITUTE 1 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 INC 350 COMMERCIAL STREET PORTLAND ME 04101 832833089 SALE OF SASHIMI GRADE FISH ME GULF OF MAINE RESEARCH INSTITUTE C 1865151 1.00000 1 0 1 0 1 1 0 0 0 0 0 1 1 0 0 0 0 1 0 1 GULF OF MAINE PROPERTIES INC K 925476 ACCOUNTING RECORDS GULF OF MAINE PROPERTIES INC L 241481 ACCOUNTING RECORDS UNION WHARF LLC L 59992 ACCOUNTING RECORDS GULF OF MAINE PROPERTIES INC D 2574297 BOOK VALUE GULF OF MAINE PROPERTIES INC (GUARANTOR) E 1400000 LINE OF CREDIT LIMITS GULF OF MAINE PROPERTIES INC S 907056 FMV SCHEDULE R, PART II, COLUMN B - GMP INC'S PRIMARY ACTIVITY TO ACQUIRE, HOLD, MANAGE, DEVELOP, OR DISPOSE OF REAL PROPERTY FOR THE BENEFIT OF AND IN CONNECTION WITH GMRI.