Public Charity

MARINE RESOURCES DEVELOPMENT FOUNDATION

MARINE RESOURCES DEVELOPMENT FOUNDATION is a Public Charity headquartered in KEY LARGO, FL. Financial data from the 2024 filing: $6.7M revenue, $11.3M expenses, $27.8M total assets. 11 publicly reported grants to this organization, totaling roughly $176K, appear in IRS filings.

EIN: 670258256 KEY LARGO, FL Marine Science & Oceanography NTEE: U21 Latest filing: 2024
Total Revenue$6.7M
Total Expenses$11.3M
Total Assets$27.8M
Grant Records11
Funding Total$176K
Filing Years2020–2024

Mission

WE INSPIRE TODAY'S STUDENTS TO BECOME TOMORROW'S OCEAN PROTECTORS THROUGH ENGAGING, HANDS-ON ACTIVITIES, GUIDED FIELD TRIPS, VIRTUAL CLASSES, FREE LEARNING RESOURCES, AND PROFESSIONAL DEVELOPMENT WORKSHOPS. OUR MARINELAB UNDERSEA LABORATORY MUSEUM INVITES THE PUBLIC TO EXPERIENCE WHAT IT WAS LIKE TO LIVE AND WORK IN AN UNDERSEA RESEARCH STATION.

Where $100 goes at Marine Resources Development Foundation

How Marine Resources Development Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$13 Programs the work itself
$15 Management running the organization
$72 Fundraising raising the next dollar

Inside the $13 for programs

$5
Our programs introduced 7,000 people to marine science concepts through hands-on labs, discussion activities, citizen science projects, and snorkeling explorations by boat
34% of program spending · Reported in the filing: 7,000 people; 100 teachers; 1,800 participants
$4
The marinelab undersea laboratory hosted research and educational programs while it was submerged in our lagoon from 1985 - 2018
About 33% (cost not reported)
$4
Marinelab conducts outreach programs through hosting events on site, such as our monthly free family days, and having a presence at local community events
About 33% (cost not reported)
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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.

Sample Grants Received

2024
LOW SES STUDENT SCHOLARSHIPS, BOA - PCARD IN MARINE RESOURCES DEV
$30,500
2024
MARINE ENVIRONMENTAL SUPPORT
$26,458
2023
Funding for student scholarships.
$21,900
2023
Funding for student scholarships.
$21,900

Showing up to 5 of 11 total records — full history available with membership.

Officers & Directors

TREASURER Bob Russell
DIRECTOR Craig Mullen
DIRECTOR David Stone
CEO Ginette Hughes
DIRECTOR Ian Koblick
SECRETARY Kathleen Mccue

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$74,300 3 grants
Environment & Conservation
$26,458 1 grant
General Support
$12,197 1 grant
Unspecified
$63,486 6 grants

Financial Trends

Year Revenue Expenses Assets
2024 $6.7M $11.3M $27.8M
2023 $3.2M $10.1M $31.7M
2022 $26.7M $7.8M $36.3M
2021 $9.0M $20.6M $14.2M
2020 $1.4M $11.4M $33.0M

Between 2020 and 2024, reported annual revenue grew from $1.4M to $6.7M (+399%), with total assets most recently reported at $27.8M.

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

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