Nonprofit · EIN 59-1644333
HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC
Tax-exempt · VERO BEACH, FL 32963
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,001,591 | $5,469,785 | $4,531,806 | $129,489,067 | $1,459,291 | $128,029,776 |
| June 30, 2024 | 990 | $5,631,774 | $7,231,150 | -$1,599,376 | $116,646,374 | $1,928,409 | $114,717,965 |
| June 30, 2023 | 990 | $3,708,847 | $7,022,912 | -$3,314,065 | $100,207,340 | $1,813,537 | $98,393,803 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,921,378
- of which government grants
- $2,921,378
- Program service revenue
- $0
- Investment income
- $7,003,395
- Net rental income
- $70,406
- Net gain from sales of assets
- $3,765,892
- Other revenue
- $76,818
Expenses
- Grants and similar amounts paid
- $4,243,577
- Compensation of officers, directors and key employees
- $139,725
- Other salaries and wages
- $67,554
- Salaries, compensation and benefits (total)
- $234,120
- Professional fundraising fees
- $0
- Legal fees
- $295,751
- Accounting fees
- $84,000
- Occupancy
- $91,044
- Travel
- $3,486
- Depreciation
- $9,566
- Program services (functional)
- $4,940,853
- Management and general (functional)
- $523,727
- Fundraising (functional)
- $5,205
Balance sheet and other
- Total assets, start of year
- $116,646,374
- Total assets, end of year
- $129,489,067
- Total liabilities, end of year
- $1,459,291
- Net assets, end of year
- $128,029,776
- Land, buildings and equipment
- $628,747
- Publicly traded securities
- $122,647,772
- Net assets without donor restrictions
- $114,604,148
- Net assets with donor restrictions
- $13,425,628
- Gross receipts
- $23,436,342
- Employees
- 2
- Volunteers
- 8
- Year formed
- 1975
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACI ROSALIA | EXECUTIVE DIRECTOR Officer | 40 | $134,351 | $5,374 |
| CYNDI PERMENTER | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $108,351 | $4,334 |
| MARJORIE D RAINES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL O'REILLY | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL TONER | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| WILL J STEWART ESQ | SECRETARY/EX OFFICIO Trustee or director, Officer | 1 | $0 | $0 |
| JAMES L SEITZ | BOARD MEMBER (THRU 04/2025) Trustee or director | 1 | $0 | $0 |
| JOHN A PAPA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH FERRO MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH Z DUKE III | BOARD MEMBER, EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| MICHAEL BROWN SR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL O'REILLY | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL TONER | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MARJORIE D RAINES | TREASURER Trustee or director, Officer | 1 | $0 |
| WILL J STEWART ESQ | SECRETARY/EX OFFICIO Trustee or director, Officer | 1 | $0 |
| MICHAEL BROWN SR | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH Z DUKE III | BOARD MEMBER, EX-OFFICIO Trustee or director | 1 | $0 |
| JOSEPH FERRO MD | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE FRAZZA | BOARD MEMBER (THRU 4/24) Trustee or director | 1 | $0 |
| JOHN A PAPA | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES L SEITZ | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL O'REILLY | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL TONER | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MARJORIE D RAINES | TREASURER Trustee or director, Officer | 1 | $0 |
| WILL J STEWART ESQ | SECRETARY/EX OFFICIO Trustee or director, Officer | 1 | $0 |
| MICHAEL BROWN SR | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH Z DUKE III | BOARD MEMBER, EX-OFFICIO Trustee or director | 1 | $0 |
| JOSEPH FERRO MD | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE FRAZZA | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN A PAPA | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES L SEITZ | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3545 OCEAN DR 201, VERO BEACH, FL 32963-1622
- In care of
- % CYNDI PERMENTER
- Principal officer (990 for 2024)
- MIKE O'REILY, 3545 OCEAN DRIVE 201, VERO BEACH, FL 32963
- Signed the 990
- STACI ROSALIA, EXECUTIVE DIRECTOR
- Phone
- (772) 466-9876
- Website
- WWW.HBOIFOUNDATION.ORG
- Return prepared by
- BDO USA
Mission
THE MISSION OF THE HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION IS TO SUPPORT THE HARBOR BRANCH OCEANOGRAPHIC INSTITUTE, A RESEARCH INSTITUTE OF FLORIDA ATLANTIC UNIVERSITY. THE HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION PROVIDES FUNDING AND SUPPORT TO HARBOR BRANCH OCEANOGRAPHIC INSTITUTE AT FAU FOR RESEARCH AND EDUCATION IN MARINE SCIENCES AND OCEAN ENGINEERING.
Program accomplishments
- HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION, INC. IS THE LEGISLATIVELY-DESIGNATED RECIPIENT FROM THE STATE OF FLORIDA FOR AND ADMINISTERS THE FLORIDA "PROTECT WILD DOLPHINS", "PROTECT FLORIDA WHALES", "AQUACULTURE", AND "SAVE OUR SEAS" LICENSE PLATES ALONG WITH THE CALCULATED ANNUAL SPENDABLE FUNDING GENERATED FROM INVESTMENTS SUPPORT VETTED FINITE GRANTS SUBJECT TO SPECIFIED TERMS. SAID GRANT HELPED FUND THE ADDITION OF CERTAIN NEW FACULTY, PROVIDED FACULTY INCENTIVES, AND PROVIDED SALARY SUPPORT, RESEARCH PROJECTS, FELLOWSHIPS, AND CERTAIN OPERATIONAL SUPPORT AT THE HARBOR BRANCH OCEANOGRAPHIC INSTITUTE AT FAU.Expenses $4,940,853 · grants $4,243,577
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1644333
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U21)
- Assets (IRS master file)
- $129,489,067
- Income (IRS master file)
- $23,436,342
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,001,591 | $5,469,785 | $129,489,067 | IRS |
| 990 | June 2024 | $5,631,774 | $7,231,150 | $116,646,374 | XML |
| 990 | June 2023 | $3,708,847 | $7,022,912 | $100,207,340 | XML |
| 990 | June 2022 | $7,288,557 | $6,063,145 | $89,656,827 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-1644333).
Questions about HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC
- What is the EIN of HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC?
- The employer identification number (EIN) of HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC is 59-1644333.
- Is HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MIKE O'REILY.
- Who are the officers and directors of HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 2 received compensation from the organization, the highest $134,351 (STACI ROSALIA, EXECUTIVE DIRECTOR).
- How much revenue does HARBOR BRANCH OCEANOGRAPHIC INSTITUTION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,001,591, expenses of $5,469,785 and total assets of $129,489,067 at year end.
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