Nonprofit · EIN 59-2021454
GULF SPECIMEN MARINE LABORATORIES INC
Tax-exempt · PANACEA, FL 32346
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,466,019 | $1,214,728 | $251,291 | $2,073,414 | $391,181 | $1,682,233 |
| December 31, 2023 | 990 | $1,253,085 | $1,214,685 | $38,400 | $1,683,654 | $254,395 | $1,429,259 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $649,054
- of which government grants
- $495,234
- Membership dues
- $48,136
- Program service revenue
- $703,351
- Investment income
- $36
- Net income from fundraising events
- $10,996
- Net income from sales of inventory
- $102,582
- Other revenue
- $113,578
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $85,400
- Other salaries and wages
- $386,474
- Salaries, compensation and benefits (total)
- $528,541
- Professional fundraising fees
- $0
- Accounting fees
- $22,685
- Occupancy
- $119,744
- Travel
- $4,663
- Depreciation
- $130,147
- Program services (functional)
- $797,078
- Management and general (functional)
- $417,117
- Fundraising (functional)
- $533
Balance sheet and other
- Total assets, start of year
- $1,683,654
- Total assets, end of year
- $2,073,414
- Total liabilities, end of year
- $391,181
- Net assets, end of year
- $1,682,233
- Land, buildings and equipment
- $1,435,004
- Net assets without donor restrictions
- $1,660,782
- Net assets with donor restrictions
- $21,451
- Gross receipts
- $1,537,788
- Employees
- 27
- Year formed
- 1980
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYPRESS RUDLOE | VICEPRESIDENT Highest-paid employee | 40 | $55,109 |
| JACK J RUDLOE | PRESIDENT Officer | 40 | $27,999 |
| SKY RUDLOE | DIRECTOR Trustee or director | 5 | $0 |
| DAVID FRISBY | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYPRESS RUDLOE | VICEPRESIDENT Highest-paid employee | 40 | $56,672 |
| JACK J RUDLOE | PRESIDENT Officer | 40 | $28,004 |
| SKY RUDLOE | DIRECTOR Trustee or director | – | $0 |
| DAVID FRISBY | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 237, PANACEA, FL 32346-0237
- In care of
- % JACK J RUDLOE
- Principal officer (990 for 2024)
- JACK J RUDLOE, PO BOX 237, PANACEA, FL 32346
- Signed the 990
- JACK J RUDLOE, PRESIDENT
- Phone
- (850) 984-5297
- Website
- WWW.GULFSPECIMEN.ORG
- Return prepared by
- TAYLOR ACCOUNTING LLC
Mission
To support marine research and education, provide collection and storage of marine specimens for educational and medical research, and to provide educational tours of our facilities.
Program accomplishments
- Achievement - Marine research and education Specimen Sales - Supports marine research by providing marine specimens to colleges, universities, and public aquariums.
- Achievement - Marine research and education Tours - Supports marine research and education by providing tours and field trips to the general public and school groups, including the sea-mobile traveling exhibit which allows Gulf Specimen to bring the labs touch tanks to schools and public events.
- Achievement - Marine research and education Gift shop sales - Sales of educational products from the gift shop encourages continued awareness of marine ecology and conservation.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-2021454
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U50Z)
- Assets (IRS master file)
- $2,073,414
- Income (IRS master file)
- $1,537,788
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,466,019 | $1,214,728 | $2,073,414 | XML |
| 990 | December 2023 | $1,253,085 | $1,214,685 | $1,683,654 | XML |
| 990 | December 2022 | $987,835 | $1,019,457 | $1,649,889 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 59-2021454).
Questions about GULF SPECIMEN MARINE LABORATORIES INC
- What is the EIN of GULF SPECIMEN MARINE LABORATORIES INC?
- The employer identification number (EIN) of GULF SPECIMEN MARINE LABORATORIES INC is 59-2021454.
- Is GULF SPECIMEN MARINE LABORATORIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to GULF SPECIMEN MARINE LABORATORIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GULF SPECIMEN MARINE LABORATORIES 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 GULF SPECIMEN MARINE LABORATORIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GULF SPECIMEN MARINE LABORATORIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GULF SPECIMEN MARINE LABORATORIES INC?
- The 990 for the year ended December 31, 2024 names JACK J RUDLOE.
- Who are the officers and directors of GULF SPECIMEN MARINE LABORATORIES INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $55,109 (CYPRESS RUDLOE, VICEPRESIDENT).
- How much revenue does GULF SPECIMEN MARINE LABORATORIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,466,019, expenses of $1,214,728 and total assets of $2,073,414 at year end.
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