2015-08-13T12:59:50-05:00 2014-12-31 010440155 RUNYON KERSTEEN OUELLETTE 20 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2014-01-01 201480528 GULF OF MAINE PROPERTIES INC GULF 2072281690 350 COMMERCIAL STREET PORTLAND ME 04101 DONALD W PERKINS JR PRESIDENT 2072281690 2015-08-06 1 THOMAS EMERY P00532592 2077732986 2014 2016-02-25 16:41:14Z DONALD W PERKINS JR 350 COMMERCIAL STREET PORTLAND ME 04101 766216 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. 6 6 0 0 0 0 0 0 680853 762301 3035 2690 0 1225 683888 766216 0 0 0 0 0 0 0 0 0 880093 893796 880093 893796 -196205 -127580 12172630 11944026 3738214 3637792 8434416 8306234 TO ACQUIRE, HOLD, MANAGE, MAINTAIN, DEVELOP, OR DISPOSE OF REAL PROPERTY FOR THE BENEFIT OF AND IN CONNECTION WITH THE GULF OF MAINE RESEARCH INSTITUTE. 0 0 809224 763526 GULF OF MAINE PROPERTIES OWNS, MANAGES, MAINTAINS AND DEVELOPS REAL PROPERTY FOR THE BENEFIT OF GULF OF MAINE RESEARCH INSTITUTE (GMRI). GMRI OCCUPIED 72% 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. 809224 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 6 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 X DONALD W PERKINS JR CHAIRMAN/GMRI PRESIDENT 5.00 35.00 X X 0 268643 76771 ROGER L MARTIN TREASURER 2.00 X X 0 0 0 ELIZABETH R BUTLER SECRETARY 2.00 X X 0 0 0 KIMBERLY P GORTON DIRECTOR 1.00 X 0 0 0 DAVID T LAWRENCE DIRECTOR 1.00 X 0 0 0 KATHERINE S POPE MD DIRECTOR 1.00 X 0 0 0 CORSON ELLIS DIRECTOR 1.00 X 0 0 0 0 268643 76771 0 0 1 0 0 PROGRAM RENTAL REVENUE 531310 762301 762301 762301 2690 2690 MISCELLANEOUS 900099 1225 1225 1225 766216 763526 0 2690 76100 76100 6175 6175 1031 1031 1266 1266 37309 37309 134150 134150 138780 138780 329596 329596 19607 19607 GENERAL MAINTENANCE 51805 51805 CLEANING INTERIOR/EXTER 31190 31190 PLOWING/GROUNDS MTN 24119 24119 TELEPHONE 19376 19376 23292 23292 893796 809224 84572 0 X 134068 218224 9631 4977 1822 0 14201742 3102004 11384654 11099738 342438 343900 104915 91667 195102 185520 12172630 11944026 26765 26807 2230 3576 3697380 3594170 11839 13239 3738214 3637792 X 8434416 8306234 8434416 8306234 12172630 11944026 -127580 -602 0 X X 0 1 X 1 0 X X X 1 GMRI 010504905 7 1 893796 0 1 893796 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 2384426 2384426 11130721 2643546 8487175 69616 22671 46945 113279 89681 23598 503700 346106 157594 11099738 SECURITY DEPOSIT PAYABLE 13239 13239 X 765614 -602 -602 766216 0 766216 893796 0 893796 0 893796 PART X, LINE 2: GMRI AND GMPINC FOLLOW THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS PROVIDED FOR IN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. THE IMPLEMENTATION OF THESE PROVISIONS IN 2009 HAD NO MATERIAL IMPACT ON GMRI AND GMPINC'S FINANCIAL STATEMENTS. THIS STATEMENT CLARIFIES THE CRITERIA THAT AN INDIVIDUAL TAX POSITION MUST SATISFY FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT ALSO PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THERE HAS BEEN NO CUMULATIVE EFFECT ON GMRI AND GMPINC'S FINANCIAL STATEMENTS RELATED TO THE THESE PROVISIONS, AND NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS WERE ACCRUED. GMRI AND GMPINC ARE CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR YEARS ENDED DECEMBER 31, 2011 THROUGH 2014. SCHEDULE D, PART IX - OTHER ASSETS: NOT APPLICABLE. THE ORGANIZATION DOES NOT MEET THE REPORTING REQUIREMENTS. 0 0 0 0 0 0 0 0 0 DONALD W PERKINS JR CHAIRMAN/GMRI PRESIDENT 0 268643 0 0 0 0 0 60400 0 16371 0 345414 0 0 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 PORTION OF BLDG LEASED TO GMRI. 0 0 0 A 3900000 181492 8290 3710218 2005 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 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 11 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 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 VI, SECTION B, LINE 15(A) AND 15(B): NOT APPLICABLE - THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR DIRECTOR. FORM 990, PART X, PRIOR YEAR LINES 2 AND 11 - TEMPORARY CASH INVESTMENTS: CASH AND CASH EQUIVALENTS OF $95,825 HELD IN AN INVESTMENT ACCOUNT WITH A FINANCIAL INSTITUTION HAS BEEN RECLASSIFIED FROM LINE 2 (TEMPORARY CASH INVESTMENTS) TO LINE 11 TO BE CONSISTENT WITH THE CURRENT YEAR PRESENTATION. 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 CONDOMIMIUM ASSOCIATION ME N/A C 1 0 0 0 1 1 0 0 0 0 1 0 0 1 0 0 0 1 0 0 GULF OF MAINE RESEARCH INSTITUTE J 490213 ACCOUNTING RECORDS GULF OF MAINE RESEARCH INSTITUTE M 86100 ACCOUNTING RECORDS GULF OF MAINE RESEARCH INSTITUTE Q 742 ACCOUNTING RECORDS GULF OF MAINE RESEARCH INSTITUTE D 438601 O/S PRINCIPAL BALANCE GULF OF MAINE RESEARCH INSTITUTE D 400000 LINE OF CREDIT LMT ($0 O/S) GULF OF MAINE RESEARCH INSTITUTE (GUARANTOR) E 3594170 TAX EXEMPT BOND ISSUE 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.