Public Charity

DOWNEAST INSTITUTE FOR APPLIED MARINE RESEARCH AND EDUCATION INC

DOWNEAST INSTITUTE FOR APPLIED MARINE RESEARCH AND EDUCATION INC is a Public Charity headquartered in BEALS ISLAND, ME. Financial data from the 2024 filing: $2.0M revenue, $2.0M expenses, $9.8M total assets. 26 publicly reported grants to this organization, totaling roughly $3.3M, appear in IRS filings.

EIN: 010452403 BEALS ISLAND, ME Latest filing: 2024
Total Revenue$2.0M
Total Expenses$2.0M
Total Assets$9.8M
Grant Records26
Funding Total$3.3M
Filing Years2020–2024

Mission

TO DEVELOP AND ENHANCE MAINE'S MARINE RESOURCES THROUGH APPLIED SCIENTIFIC RESEARCH, TECHNOLOGY TRANSFER, PUBLIC EDUCATION AND AQUACULTURE.

Sample Grants Received

2024
Fisheries Resources
$14,000
2024
ENVIRONMENTAL AND ANIMALS
$10,000
2024
For grant recipient's exempt purposes
$8,200
2023
Fisheries Resources
$348,823
2023
This project will support a collaborative effort of 3 hatcheries, NOAA's Milford Lab and others working to develop consistently successful hatchery methods to raise sea scallops. This innovation is needed to enable sea scallop aquaculture in Maine to reach a scale of significance to Maine's economy, allowing farms to create secure jobs and raise capital. The current practice of capturing spat from the wild to grow out on farms will limit the growth and success of this emerging aquaculture opportunity. Our innovation will result in at least one commercial scallop hatchery in Maine that can serve the needs of the industry and help support future growth.
$162,895

Showing up to 5 of 26 total records — full history available with membership.

Officers & Directors

DIRECTOR Christopher Bartlett
DIRECTOR Dean Girdis
EXECUTIVE DIRECTOR Dianne Tilton
DIRECTOR & DIRECTOR OF RES Dr Brian Beal
VICE CHAIR Dr Sherrie Sprangers
DIRECTOR Gayle Kraus

Officer compensation and complete director data available with membership.

Top Grant Purposes

Completion of expansion and improvements
$1,340,864 1 grant
Fisheries Resources
$689,656 7 grants
Completion of expansion and improvements to Downeast Institute
$664,136 1 grant
This project will support a collaborative effort of 3 hatcheries, NOAA's Milford Lab and others working to develop consistently successful hatchery methods to raise sea scallops. This innovation is needed to enable sea scallop aquaculture in Maine to reach a scale of significance to Maine's economy, allowing farms to create secure jobs and raise capital. The current practice of capturing spat from the wild to grow out on farms will limit the growth and success of this emerging aquaculture opportunity. Our innovation will result in at least one commercial scallop hatchery in Maine that can serve the needs of the industry and help support future growth.
$162,895 1 grant
Developing Hatchery Production of the Atlantic Sea Scallop, Placopecten magellanicus.
$148,895 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.0M $2.0M $9.8M
2023 $2.7M $2.4M $6.4M
2022 $1.6M $2.0M $5.1M
2021 $1.5M $1.6M $5.2M
2020 $1.1M $1.4M $5.2M

Between 2020 and 2024, reported annual revenue grew from $1.1M to $2.0M (+78%), with total assets most recently reported at $9.8M.

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

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