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Research and Public Policy : Non-Medical Science & Technology Research

Bermuda Institute of Ocean Sciences

Ocean science for human good.

four stars

92.83

152-01 Rockaway Blvd IBC # 9013
Jamaica, NY 11434
tel: (441) 297-1880   Web Site
EIN: 06-0706038

Board Leadership
J. William Charrier
Chair

CEO
William B. Curry
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 92.83 four stars
  Financial 90.69 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 07/01/2021 and includes data from FY2019, the most recent 990 received at that time.

BIOS's mission is to seek and share fundamental knowledge of the oceans through state-of-the-art scientific research, world-class field expeditions and comprehensive educational experiences.

BIOS's mission is to seek and share fundamental knowledge of the oceans through state-of-the-art scientific research, world-class field expeditions and comprehensive educational experiences.

Financial

four stars

90.69

Accountability & Transparency

four stars

96.00

This rating was published 07/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
84.4%
  Administrative Expenses 12.2%
  Fundraising Expenses 3.2%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 1.13
  Program Expenses Growth 1.4%
  Liabilities to Assets 27.3%
All data for Financial Performance Metrics calculations was provided by Bermuda Institute of Ocean Sciences on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Bermuda Institute of Ocean Sciences on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Bermuda Institute of Ocean Sciences (NY) 92.83 four stars
Cary Institute of Ecosystem Studies (NY) 96.45 four stars
SETI Institute (CA) 90.82 four stars
Marine Biological Laboratory (MA) 87.85 three stars
Botanical Research Institute of Texas (TX) 87.81 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,477,908
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $9,208,663
Total Contributions $10,686,571
   Program Service Revenue $1,512,657
Total Primary Revenue $12,199,228
   Other Revenue $498,444
TOTAL REVENUE $12,697,672
   
EXPENSES  
   Program Expenses $14,113,106
   Administrative Expenses $1,982,618
   Fundraising Expenses $469,064
TOTAL FUNCTIONAL EXPENSES $16,564,788
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-3,867,116
   
Net Assets $28,581,244

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Research $11,574,888 82.0%
Education $2,538,218 18.0%

Ratings History
Bermuda Institute of Ocean Sciences has received 7 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 07/01/2021 92.83 four stars
2018-12 05/01/2021 96.26 four stars
2018-12 06/01/2020 93.83 four stars
2017-12 06/01/2019 94.02 four stars
2016-12 05/01/2018 94.04 four stars
2015-12 06/01/2017 91.12 four stars
2014-12 06/01/2016 91.23 four stars
 
CN 2.0
2013-12 07/01/2015 94.13 four stars
2012-12 03/01/2014 89.81 three stars
2011-12 11/01/2013 96.47 four stars
2011-12 04/01/2013 94.30 four stars
2010-12 02/01/2012 87.90 three stars
2009-12 09/20/2011 86.71 three stars
 
CN 1.0
2009-12 04/01/2011 80.56 three stars
2008-12 05/01/2010 95.97 four stars
2007-12 11/01/2008 97.17 four stars
2006-12 11/01/2007 95.98 four stars
2005-12 12/01/2006 96.59 four stars
2004-12 10/01/2005 90.31 four stars
2003-12 09/01/2004 79.25 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 06-0706038
Name in IRS Master File BERMUDA INSTITUTE OF OCEAN SCIENCES BIOS INC
NTEE Code U50
NTEE Classification Biological, Life Science Research
NTEE Type Science and Technology Research Institutes, Services
Classification Scientific Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (161) Scientific research (diseases)
(180) Contact or sponsored scientific research for industry
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1947
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$387,624 2.34% William Curry President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Bermuda Institute of Ocean Sciences (NY) 92.83 four stars
Santa Fe Institute (NM) 92.94 four stars
Clean Air Task Force (MA) 93.72 four stars
Cold Spring Harbor Laboratory (NY) 93.95 four stars
Earthwatch Institute (MA) 87.21 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Bermuda Institute of Ocean Sciences
152-01 Rockaway Blvd
IBC # 9013
Jamaica, NY 11434
tel: (441) 297-1880
fax: (441) 297-8143
EIN: 06-0706038

Visit Web Site

Board Leadership

J. William Charrier
Chair

CEO

William B. Curry
President & CEO

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