Bigelow Laboratory For Ocean Sciences

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Bigelow Laboratory For Ocean Sciences Form 990, Revenue, CEO Pay, and IRS Filing Signals

Bigelow Laboratory For Ocean Sciences is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bigelow Laboratory For Ocean Sciences in one place.

Is Bigelow Laboratory For Ocean Sciences Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Bigelow Laboratory For Ocean Sciences shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Bigelow Laboratory For Ocean Sciences directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Bigelow Laboratory For Ocean Sciences

Bigelow Laboratory For Ocean Sciences (EIN: 16006001) is a nonprofit organization based in East Boothbay, ME, classified under NTEE code U210. The organization reported total revenue of $44.3M and total assets of $113.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bigelow Laboratory For Ocean Sciences's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Bigelow Laboratory For Ocean Sciences is a large nonprofit that has been operating for 65 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.9%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Bigelow Laboratory For Ocean Sciences reported a surplus of $11.0M with revenue exceeding expenses, holds 64.2 months of operating reserves (strong position), has a debt-to-asset ratio of 20.6% (moderate leverage).

Financial Trends

Over 14 years of filings (2011–2024), Bigelow Laboratory For Ocean Sciences's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bigelow Laboratory For Ocean Sciences with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Bigelow Laboratory For Ocean Sciences allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $11.0M, with revenue exceeding expenses.
• Debt-to-asset ratio: 20.6%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual and suggests either pro-bono leadership or compensation is categorized differently, warranting further investigation for full transparency.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Bigelow Laboratory For Ocean Sciences's IRS 990 filings:

• Unusually low reported officer compensation (0%) across all filings, which may indicate compensation is reported under other categories or is genuinely pro-bono, requiring deeper scrutiny for full understanding of executive remuneration.

Strengths

The following positive indicators were identified for Bigelow Laboratory For Ocean Sciences:

• Strong financial growth with revenue increasing from $11.6M in 2015 to $44.2M currently.
• Consistent asset growth, more than doubling from $40.5M in 2015 to $113.6M.
• Expenses consistently lower than revenue, indicating sound financial management and sustainability.
• Zero reported officer compensation across all filings, suggesting a high dedication of funds to mission-related activities.
• Healthy financial reserves with assets significantly exceeding liabilities (e.g., $104.5M assets vs. $21.5M liabilities in 2024).

Frequently Asked Questions about Bigelow Laboratory For Ocean Sciences

Filing History

IRS 990 filing history for Bigelow Laboratory For Ocean Sciences showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Bigelow Laboratory For Ocean Sciences's revenue has grown by 139.3%, moving from $12.8M to $30.5M. Total assets increased by 406.8% over the same period, from $20.6M to $104.5M. Total functional expenses rose by 132.9%, from $8.4M to $19.5M. In its most recent filing year (2024), Bigelow Laboratory For Ocean Sciences reported a surplus of $11.0M, with revenue exceeding expenses. The organization holds $21.5M in liabilities against $104.5M in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $83.0M.

Year-by-Year Financial Summary

• 2024: Revenue of $30.5M, expenses of $19.5M, and assets of $104.5M (revenue -26.4% year-over-year).
• 2023: Revenue of $41.5M, expenses of $18.6M, and assets of $87.5M (revenue +103.5% year-over-year).
• 2022: Revenue of $20.4M, expenses of $16.9M, and assets of $62.8M (revenue +7.3% year-over-year).
• 2021: Revenue of $19.0M, expenses of $14.4M, and assets of $61.1M (revenue +37.9% year-over-year).
• 2020: Revenue of $13.8M, expenses of $13.9M, and assets of $53.8M (revenue +7.0% year-over-year).
• 2019: Revenue of $12.9M, expenses of $12.8M, and assets of $51.2M (revenue +11.8% year-over-year).
• 2018: Revenue of $11.5M, expenses of $12.8M, and assets of $50.0M (revenue -20.2% year-over-year).
• 2017: Revenue of $14.4M, expenses of $12.7M, and assets of $52.6M (revenue -17.8% year-over-year).
• 2016: Revenue of $17.6M, expenses of $12.0M, and assets of $46.7M (revenue +51.4% year-over-year).
• 2015: Revenue of $11.6M, expenses of $11.9M, and assets of $40.5M (revenue +4.5% year-over-year).
• 2014: Revenue of $11.1M, expenses of $11.7M, and assets of $41.2M (revenue -17.6% year-over-year).
• 2013: Revenue of $13.5M, expenses of $10.8M, and assets of $41.5M (revenue -27.2% year-over-year).
• 2012: Revenue of $18.5M, expenses of $8.3M, and assets of $40.4M (revenue +45.2% year-over-year).
• 2011: Revenue of $12.8M, expenses of $8.4M, and assets of $20.6M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Bigelow Laboratory For Ocean Sciences:

Data Sources and Methodology

This transparency report for Bigelow Laboratory For Ocean Sciences is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.