Public Charity

BERMUDA INSTITUTE OF OCEAN SCIENCES BIOS INC

BERMUDA INSTITUTE OF OCEAN SCIENCES BIOS INC is a nonprofit organization categorized as Public Charity. Its most recent IRS filing (2024) reports revenue of $16.9M, expenses of $18.0M, total assets of $42.9M. Imperigo tracks 9 reported grant relationships connected to this organization totaling approximately $586K.

EIN: 060706038 Biological & Life Sciences NTEE: U50 Latest filing: 2024
Total Revenue$16.9M
Total Expenses$18.0M
Total Assets$42.9M
Grant Records9
Funding Total$586K
Filing Years2019–2024

Mission

BIOS'S MISSION IS TO SEEK AND SHARE FUNDAMENTAL KNOWLEDGE OF THE OCEANS THROUGH STATE-OF-THE-ART SCIENTIFIC RESEARCH, WORLD-CLASS FIELD EXPEDITIONS, AND COMPREHENSIVE EDUCATIONAL EXPERIENCES.

Where $100 goes at Bermuda Institute of Ocean Sciences Bios Inc

How Bermuda Institute of Ocean Sciences Bios Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$87 Programs the work itself
$11 Management running the organization
$2 Fundraising raising the next dollar

Inside the $87 for programs

$75
Scientific research
86% of program spending
$12
Education
14% of program spending · Reported in the filing: 2,479 students; 85 students; 184 participants
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TRUSTEE Alan Mcgowan
SCIENTIST Amy E Maas
DIRECTOR OF EDUCATION Andrew Peters
TRUSTEE Anthony Williams
TRUSTEE (UNTIL NOV 2024) Bess Ward Phd
TRUSTEE Catherine Duffy

Officer compensation and complete director data available with membership.

Top Grant Purposes

Research & Policy
$578,396 8 grants
General Support
$7,331 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $16.9M $18.0M $42.9M
2023 $18.0M $17.0M $42.6M
2022 $19.4M $18.1M $41.0M
2020 $22.0M $13.7M $49.6M
2019 $12.7M $16.6M $39.3M

Between 2019 and 2024, reported annual revenue grew from $12.7M to $16.9M (+33%), with total assets most recently reported at $42.9M.

Interactive year-over-year charts and full filing details available with membership.

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