Gloucester Marine Genomics Institute Incorporated is a 501(c)(3) organization based in Gloucester, Massachusetts, registered in 2014, with $5,663,713 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$5.7M
▲ 14.4% vs prior year
Science & Tech median: $288K
Expenses (FY2023)
$5.3M
Net assets
$7.3M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Gloucester Marine Genomics Institute Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gloucester Marine Genomics Institute Incorporated: 17 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Gloucester Marine Genomics Institute Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gloucester Marine Genomics Institute Incorporated: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $2.8M (FY2016) to $5.7M (FY2023) across 8 reported years.
Financial snapshot
Operating margin
6.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.2M
Total liabilities
$1.9M
Net assets
$7.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $5,663,713▲14.4% | $5,271,443▲26.0% | $7,288,429▲5.7% | $9,194,920▲4.1% | 990 |
| 2022 | $4,950,560▲33.9% | $4,182,030▲26.8% | $6,896,159▲12.5% | $8,833,922▲38.2% | 990 |
| 2021 | $3,696,624▲68.0% | $3,299,148▲13.5% | $6,127,629▲6.9% | $6,391,248▲7.0% | 990 |
| 2020 | $2,200,360▼29.8% | $2,905,680▲5.7% | $5,730,153▼11.0% | $5,971,628▼10.9% | 990 |
| 2019 | $3,132,397▼30.5% | $2,748,462▲49.1% | $6,435,473▲6.3% | $6,702,969▲3.8% | 990 |
| 2018 | $4,510,020▲162% | $1,843,630▲56.1% | $6,051,538▲78.8% | $6,458,366▲82.7% | 990 |
| 2017 | $1,722,911▼39.0% | $1,181,408▲78.0% | $3,385,148▲19.0% | $3,535,470▲23.0% | 990 |
| 2016 | $2,823,232 | $663,769 | $2,843,645 | $2,873,679 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
72 grants to Gloucester Marine Genomics Institute Incorporated totaling $11.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $260,000 |
| The Blackbaud Giving Fund | General support | 2024 | $152,215 |
| Network For Good Inc | Unrestricted | 2024 | $46,574 |
| Silicon Valley Community Foundation | Health | 2024 | $10,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $10,000 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - environment | 2023 | $1,025,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $432,700 |
| Fidelity Non-profit Management Foundation | Technology & equipment | 2023 | $430,000 |
| Donor Advised Charitable Giving | Education | 2023 | $163,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $145,000 |
| Dalio Family Fund Inc | Restricted to support young explorers program at the gloucester biotechnology academy | 2023 | $81,287 |
| Brown University of Providence | Subcontract grant | 2023 | $70,413 |
| Network For Good Inc | Unrestricted | 2023 | $35,681 |
| Silicon Valley Community Foundation | Health | 2023 | $7,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $529,950 |
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Data for Gloucester Marine Genomics Institute Incorporated (EIN 46-3020006) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.