2017-11-13T15:22:30-06:00 2016-12-31 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2016-01-01 201480528 GULF OF MAINE PROPERTIES INC GULF 2072281690 350 COMMERCIAL STREET PORTLAND ME 04101 DONALD W PERKINS JR PRESIDENT 2072281690 2017-11-13 1 PETER MONTANO P01200943 2077745701 2017-11-13 66.186.191.122 2017-11-13 12:01:26 ES P E35234D4C4FE896A059F17F91C877CCCDF43E6F1 CC7DA5C735CB312C1E5C589F153102EF1E8ABCEC 2016 2017-02-10 21:41:12Z DONALD W PERKINS JR 350 COMMERCIAL STREET PORTLAND ME 04101 867493 0 X N/A X 2004 ME THE PURPOSE OF THE CORPORATION IS TO PROMOTE THE LAWFUL INTEREST OF THE GULF OF MAINE RESEARCH INSTITUTE, A NONPROFIT, CHARITABLE INSTITUTION DULY ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF MAINE BY ACQUIRING, HOLDING, MANAGING, MAINTAINING, DEVELOPING, OR DISPOSING OF REAL PROPERTY FOR THE BENEFIT OF AND IN CONNECTION WITH THE GULF OF MAINE RESEARCH INSTITUTE. 7 6 0 6 0 0 0 0 789794 861461 2837 6032 20 0 792651 867493 0 0 0 0 0 0 0 0 0 985765 973519 985765 973519 -193114 -106026 12032072 11733261 3537671 3362833 8494401 8370428 TO ACQUIRE, HOLD, MANAGE, MAINTAIN, DEVELOP, OR DISPOSE OF REALPROPERTY FOR THE BENEFIT OF AND IN CONNECTION WITH THE GULF OF MAINERESEARCH INSTITUTE. 0 0 867940 861461 GULF OF MAINE PROPERTIES OWNS, MANAGES, MAINTAINS AND DEVELOPS REAL PROPERTY FOR THE BENEFIT OF GULF OF MAINE RESEARCH INSTITUTE (GMRI). GMRI OCCUPIED 74.65% OF THE FACILITIES AND THE REMAINING SPACE WAS RENTED TO OTHER TENANTS IN ORDER TO SUBSIDIZE THE COST OF THE FACILITIES AND THEREBY SUPPORT GMRI'S MISSION. TENANTS EITHER PROVIDED SERVICES CONSISTENT WITH GMRI'S MISSION OR PROVIDED SUBSTANTIAL SERVICES TO GMRI WHICH DIRECTLY SUPPORTED GMRI'S MISSION. 867940 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X X DONALD W PERKINS JR 2072281690 350 COMMERCIAL STREET PORTLAND ME 04101 DONALD W PERKINS JR PRESIDENT 5.00 35.00 X X 0 367748 115497 MICHAEL MEYERS SECRETARY 2.00 2.00 X X 0 0 0 DAVID T LAWRENCE CHAIR 2.00 1.00 X X 0 0 0 KATHERINE S POPE MD DIRECTOR 1.00 1.00 X 0 0 0 CORSON ELLIS DIRECTOR 1.00 2.00 X 0 0 0 ROBIN SAWYER TREASURER 2.00 2.00 X X 0 0 0 CHARLES E MILLER ESQ DIRECTOR 1.00 1.00 X 0 0 0 0 367748 115497 0 0 1 0 0 PROGRAM RENTAL REVENUE 531310 861461 861461 861461 6032 6032 867493 861461 0 6032 98033 98033 231 231 6000 6000 1235 1235 80 80 36698 36698 38296 38296 270183 270183 131049 131049 366432 366432 23086 23086 MISCELLANEOUS 2196 2196 973519 867940 105579 0 134203 171533 180913 108 31383 14700578 3816064 11208866 10884514 489391 343530 78419 121085 121388 12032072 11733261 33878 39933 3576 3576 3486978 3310866 13239 8458 3537671 3362833 X 8494401 8370428 8494401 8370428 12032072 11733261 X -106026 298 -18245 X X 0 1 X 1 0 X X X 1 GMRI 010504905 7 1 18245 0 1 18245 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 2540526 2540526 11397121 3266682 8130439 72051 32530 39521 164835 117851 46984 526045 399001 127044 10884514 SECURITY DEPOSIT PAYABLE 8458 8458 X 867791 298 298 867493 0 867493 973519 0 973519 0 973519 PART X, LINE 2: GMRI AND GMPINC HAVE BEEN DETERMINED TO BE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND HAVE BOTH BEEN CLASSIFIED AS PUBLICLY SUPPORTED ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS UNDER SECTION 509(A) OF THE CODE. ACCOUNTING STANDARDS REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS CONSOLIDATED FINANCIAL STATEMENTS. THE INSTITUTE HAS PROCESSES CURRENTLY IN PLACE TO ENSURE THE MAINTENANCE OF THEIR TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO REVIEW OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE INSTITUTE IS SUBJECT TO U.S. FEDERAL AND STATE EXAMINATIONS BY TAXING AUTHORITIES GENERALLY FOR THREE YEARS AFTER THE FILING OF THE TAX RETURNS. 0 1 0 0 0 0 0 0 0 DONALD W PERKINS JR PRESIDENT 0 295335 0 67058 0 5355 0 98079 0 17418 0 483245 0 0 PART I, LINE 4B DONALD PERKINS PARTICIPATES IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN UNDER SECTIONS 409 AND 457 OF THE INTERNAL REVENUE CODE WITH A TOTAL OBLIGATION OF $366,667. THE PLAN IS FULLY VESTED BY DECEMBER 2020 UNLESS THE EXECUTIVE VOLUNTARILY LEAVES THE INSTITUTE OR THE BOARD DISMISSES THE EXECUTIVE OTHER THAN FOR CAUSE BEFORE THAT DATE. IN THIS CASE VESTING IS PRO-RATED BASED ON FULL MONTHS OF EMPLOYMENT. FUNDING OF THIS PLAN BEGINS IN 2016, AND PAYMENTS START IN 2021. PART I, LINE 3: THE ORGANIZATION'S BOARD CHAIRMAN IS GMRI'S PRESIDENT. GMRI USES A COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY/STUDY, FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL OF THE BOARD. A FINANCE AUTHORITY OF MAINE 010392006 2011-11-30 3900000 REFINANCE DEBT ALLOCABLE TO THE BUILDING LEASED TO GMRI 0 0 0 A 523963 3900000 117466 8290 3710218 2005 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT CONTRACT WITH GMRI TO PROVIDE PROPERTY MANAGEMENT, ACCOUNTING, INFORMATION TECHNOLOGY, RECEPTION AND OTHER SERVICES AS NEEDED. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION MADE UP OF ONE MEMBER (GULF OF MAINE RESEARCH INSTITUTE) WHO PARTICIPATES IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A AS PER THE BYLAWS OF THE ORGANIZATION, THE SOLE MEMBER, GULF OF MAINE RESEARCH INSTITUTE, RETAINS THE SOLE RIGHT TO: (I) APPROVE THE AMENDMENT OR RESTATEMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION, IN WHOLE OR IN PART. (II) APPROVE THE AMENDMENT OR RESTATEMENT OF THE BYLAWS OF THE CORPORATION, IN WHOLE OR IN PART. (III) APPOINT AND REMOVE TRUSTEES OF THE CORPORATION, WITH OR WITHOUT CAUSE. (IV) APPOINT AND REMOVE THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THIS CORPORATION. (V) APPROVE THE STRATEGIC PLAN OF THE CORPORATION. (VI)APPROVE THE ANNUAL OPERATING PLAN AND BUDGET OF THE CORPORATION. (VII) APPROVE SIGNIFICANT FINANCIAL TRANSACTIONS AND SIGNIFICANT BUDGET VARIANCES OF THE CORPORATION. (VIII) APPROVE THE CONVERSION, MERGER, CONSOLIDATION, DISSOLUTION OR LIQUIDATION OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B AS PER THE BYLAWS OF THE ORGANIZATION, THE SOLE MEMBER, GULF OF MAINE RESEARCH INSTITUTE, RETAINS THE SOLE RIGHT TO: (I) APPROVE THE AMENDMENT OR RESTATEMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION, IN WHOLE OR IN PART. (II) APPROVE THE AMENDMENT OR RESTATEMENT OF THE BYLAWS OF THE CORPORATION, IN WHOLE OR IN PART. (III) APPOINT AND REMOVE TRUSTEES OF THE CORPORATION, WITH OR WITHOUT CAUSE. (IV) APPOINT AND REMOVE THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THIS CORPORATION. (V) APPROVE THE STRATEGIC PLAN OF THE CORPORATION. (VI)APPROVE THE ANNUAL OPERATING PLAN AND BUDGET OF THE CORPORATION. (VII) APPROVE SIGNIFICANT FINANCIAL TRANSACTIONS AND SIGNIFICANT BUDGET VARIANCES OF THE CORPORATION. (VIII) APPROVE THE CONVERSION, MERGER, CONSOLIDATION, DISSOLUTION OR LIQUIDATION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS THE FOLLOWING REVIEW AND APPROVAL PROCESS: 1. 990 FILINGS ARE REVIEWED BY GMRI FINANCIAL STAFF, ACTING ON BEHALF OF THE ORGANIZATION. 2. COPIES OF 990 FILINGS ARE THEN PROVIDED TO THE PRESIDENT AND THE GMRI FINANCE COMMITTEE, ACTING ON BEHALF OF THE ORGANIZATION. 3. COPIES OF THE FINAL 990 FILING ARE PROVIDED TO THE ORGANIZATION'S TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE MINDFUL OF THE POTENTIAL FOR CONFLICT OF INTEREST. IF ONE ARISES, WE DISCUSS AND ADDRESS THE ISSUE. ANNUALLY BOARD MEMBERS ARE PRESENTED WITH A DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 NOT APPLICABLE - THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONSOLIDATING FINANCIAL STATEMENTS AVAILABLE ON GMRI'S WEBSITE OR UPON REQUEST. GOVERNING DOCUMENTS AND POLICY INFORMATION ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS TO GMRI -18,245. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR WITH THE INDEPENDENT AUDITORS. THE FINANCE COMMITTEE AND BOARD OF DIRECTORS ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. FORM 990 - THROUGHOUT REFERENCE TO GMRI IS THE GULF OF MAINE RESEARCH INSTITUTE, WHOSE NAME HAS BEEN SHORTENED ON THIS FORM IN ORDER TO FIT WITHIN THE SPACES PROVIDED. GULF OF MAINE RESEARCH INSTITUTE 350 COMMERCIAL STREET PORTLAND ME 04101 010504905 SEE PART VII ME 501(C)(3) LINE 7 N/A 0 GULF OF MAINE PROPERTIES I A CONDOMINIUM 350 COMMERCIAL STREET PORTLAND ME 04101 352446323 CONDOMINIUM ASSOCIATION ME N/A C 1 0 0 0 1 1 0 0 0 0 1 0 0 1 0 0 1 0 1 0 SCHEDULE R, PART II - PRIMARY ACTIVITY OF GMRI THE GULF OF MAINE RESEARCH INSTITUTE IS A NOT-FOR-PROFIT CORPORATION COMMITTED TO (I) EDUCATING THE PUBLIC ABOUT THE GULF OF MAINE AND ITS WATERSHED; (II) FACILITATING AND CONDUCTING MARINE RESEARCH; (III) ENABLING INFORMED DECISIONS ABOUT THE STEWARDSHIP AND USE OF THE GULF OF MAINE; (IV) APPLYING LESSONS LEARNED IN THE GULF OF MAINE TO OTHER MARINE COMMUNITIES WORLDWIDE; AND (V) UNDERTAKING THE FINANCING, SITING, DESIGN, AND CONSTRUCTION AND OPERATION OF FACILITIES TO SUPPORT ITS EDUCATION AND RESEARCH INTERESTS.