Our Vision

The Gulf of Maine Research Institute’s mission is to pioneer collaborative solutions to global ocean challenges. Without a doubt, the most pressing challenge of the 21st century is climate change. One of the challenges with climate change is it seems so overwhelming that it’s hopeless, that we can’t do anything about it, and the fact is we can.

We need to encourage long-term climate thinking while taking short term immediate steps in the face of enormous uncertainty.

In the short-term, you’ll see us bringing local communities together to understand the impacts of climate, in their harbor, in their community. You’ll see us educating adults about the nature of the climate challenge and what they can do about it locally at the state level and federally. And you’ll see us working with the seafood industry, to encourage them to source local seafood and reduce the carbon footprint of the fish we eat.

I hope that we can give our kids the tools, the modeling expertise, the ability to understand data, the ability to understand and make sense out of the noise in social media to put their finger on the nature of the climate challenge and climate opportunities and navigate these things over the course of the 21st century.

These are the things that make a community work in the face of a changing ocean.

The moment to tackle climate change is now. Our commitment is that our staff, our scientists, our educators, our community and seafood experts will work with communities up and down the New England coast to help them understand their climate challenge and what they can do about it.

— Don Perkins, GMRI President/CEO

Fiscal Year 2019 Financial Overview

Revenue: $14,478,077

Expenses: $10,550,656

Total Net Assets

Effective January 1, 2018, Gulf of Maine Research Institute (GMRI) changed its fiscal year end to June 30. Therefore, the comparative analysis looks at July 1, 2017 – June 30, 2018 vs. July 1, 2018 – June 30, 2019.

Gulf of Maine Research Institute (GMRI) had a breakeven fiscal year ended June 30, 2019. We had another successful year, with continued delivery of core programs and 2% growth in total expenses, when compared to the previous twelve months.

Science, Education, and Community programs are funded primarily by federal grants, foundation grants, and individual contributions. Revenue was up $3,000,000 when compared to the previous twelve months, primarily arising from increases in federal and foundation grants.

Fundraising and community relations activities are funded by unrestricted contributions. Most administrative costs are allocated as overhead to program and development costs, in compliance with federal cost guidelines. The balance of administrative expense is funded by income from administrative services contracted to our subsidiary.

GMRI’s wholly owned, non-profit subsidiary, Gulf of Maine Properties Inc. (GMPInc), owns and operates GMRI’s facilities. GMRI rents 85% of the total space in the building and the remaining space is rented to other tenants.

GMRI consistently receives unqualified opinions from external auditors in our financial and federal compliance audits. We also have a long-standing audit history of not receiving Management Letter comments on any material financial weaknesses. Our 2019 external audit was no exception.

Most of the growth in our net assets is in endowments and reserves. We maintain our laboratory facilities in A-class shape. We have completed a major renovation to our Cohen Center Interactive Lab.

During Fiscal Year Ending June 30, 2019, GMRI launched a wholly owned, for-profit subsidiary, Gulf of Maine Sashimi. We anticipate launching a second wholly owned, for-profit subsidiary, New England Marine Monitoring, during Fiscal Year 2020.

Meanwhile, GMRI continues to grow its national and international reputation as a marine research institute, a leader in citizen science education, and a technical resource for the fishing industry.

GMRI and GMPinc audited financial statements are reported on a consolidated basis. Copies can be downloaded from our website at www.gmri.org/about-us/annual-reports.


We are all honored to carry out the important work entrusted to us by the 850 individuals, businesses, and foundations who gave to GMRI between July 1, 2018 and June 30, 2019.

We wouldn’t be able to do what we love without you.



Wind Rose Society Gifts

We are grateful to the following members of the Wind Rose Society for their gifts between July 1, 2018 and June 30, 2019. Wind Rose Society members lead the way in helping GMRI protect our ocean, sustain vibrant coastal communities, and prepare the next generation for active citizenship.

  • Anonymous (2)
  • Arthur Vining Davis Foundations
  • Andrew P. Barowsky
  • Capt. Frank Blair
  • Renee & Scott Bowie
  • Braitmayer Foundation
  • Charles Butt
  • Coulombe Family Foundation
  • Coypu Foundation
  • Davis Family Foundation
  • Marion Freeman & Corky Ellis
  • Elmina B. Sewall Foundation
  • F.I.S.H. Foundation
  • Fore River Foundation
  • Franklin P. and Arthur W. Perdue Foundation
  • Gordon and Betty Moore Foundation
  • Terry Ann Scriven & Frank Governali
  • H. King & Jean Cummings Charitable Fund
  • Hannaford Charitable Foundation
  • Daniel Hildreth
  • Seal Bay II Fund of the Maine Community Foundation at the recommendation of Horace Hildreth*
  • IDEXX Laboratories
  • Island Foundation, Inc.
  • Jane’s Trust Foundation
  • John T. Gorman Foundation
  • Harry Konkel
  • Libra Foundation
  • Cindy & Scott Mahoney
  • Marr-Anderson Family Foundation
  • Judith & Michael Meyers
  • Morton-Kelly Charitable Trust
  • Nestlé Waters North America, Inc.
  • Noyce Foundation Fund of the Cornell University Foundation
  • Penny Noyce & Leo Liu
  • ON Semiconductor
  • Barbro & Bernard Osher
  • Dorothy Suzi Osher
  • The David and Lucile Packard Foundation
  • Susan & David Rockefeller
  • Jane Hard Russell Charitable Fund of the Maine Community Foundation
  • Sam L. Cohen Foundation
  • Sarah K. de Coizart Article TENTH Perpetual Charitable Trust
  • Mary & Patrick Scanlan
  • Beverly & David Sherman
  • Bonnie & Bill Stoloski
  • Jane & Dana Swenson through the Upper East Fund of the Maine Community Foundation
  • The Van Otterloo Family Foundation
  • The G. Unger Vetlesen Foundation
  • Virginia B. Squiers Foundation
  • Diana Washburn
  • Wescustogo Foundation
  • The Whitehead Foundation
($10,000 – $24,999 ANNUALLY)
  • Anonymous
  • Dick Bjorn
  • Camalotte Foundation
  • Susan & William Caron
  • Dorr Foundation
  • Kristine & Richard Ganong Jr
  • Generations Fund of the Maine Community Foundation
  • Horizon Foundation
  • The Hyman Family Foundation
  • James & Carolyn Birmingham Foundation
  • Kettering Family Foundation
  • Nyssa & William Kourakos
  • Ellen Little & Stephen Little Fund
  • Denise Caron & C. Anthony McDonald
  • Suzanne & Cornelius McGinn
  • Judith Brown Meyers Fund
  • Margot & Roger Milliken
  • MMG Insurance Company
  • Onion Foundation
  • People’s United Community Foundation
  • Melissa & Matthew Rubel
  • Anne H. Russell Gift Fund
  • Julia Russell through the Artemis Arrow Fund of the Maine Community Foundation
  • Jenny Scheu & John Ryan
  • Pru & Louis Ryan
  • Kari & Bob Suva
  • Barbara K. Sweet
  • TD Charitable Foundation
  • Marjorie D. Twombly
  • Virginia Wellington Cabot Foundation
  • Edwin S. Webster Foundation
($5,000 – $9,999 ANNUALLY)
  • Anonymous
  • Auto Europe
  • Janet & Jim Averill
  • Bank of America Charitable Foundation
  • Kathryn Barber & Mark Dvorozniak
  • Joan Blaine
  • Gena Canning through the Blossom Charitable Fund at Schwab Charitable
  • Cianbro Charitable Foundation
  • Manny Morgan & Chris Corbett
  • Edward H. Daveis Benevolent Fund of the Maine Community Foundation
  • Harold Dudley Charitable Fund of the Maine Community Foundation
  • Elizabeth Ann Leach Charitable Foundation
  • Fisher Charitable Foundation
  • Anne Wade & Gil Hagan
  • Sally & Bill Haggett
  • Samuel Hamill Jr
  • Heinemann Publishing
  • The J.M. Kaplan Fund, Inc.
  • Kennebunk Savings
  • Nancy & Sam Ladd
  • The Evergreen II Fund at the recommendation of the Lapham Family
  • The Lowrey Rodriguez Family Trust
  • North Coast Seafoods
  • Oakhurst Dairy
  • Old Bug Light Foundation
  • Nancy & Donald Perkins
  • Christopher and Nancy Pierce Charitable Foundation
  • Pope Hamill Fund of the Maine Community Foundation at the recommendation of Katherine Pope
  • R.S. Evans Foundation, Inc.
  • Kathleen & U. Charles Remmel
  • The Reny Charitable Foundation
  • The David Rockefeller Fund
  • Schiavi Family Foundation
  • The Seth Sprague Educational and Charitable Foundation
  • The Virginia Hodgkins Somers Foundation
  • Roberta & David Walker
  • Elise & Roger Wellington
  • Woodard & Curran
  • Patty & Bill Zimmerman through the Maine Community Foundation

($1,000 – $4,999 ANNUALLY)
  • Anonymous (4)
  • Abbott Diagnostics Scarborough, Inc.
  • Lindsay & Geoffrey Alexander
  • Alfred M. Senter Fund
  • Betts & C.D. Armstrong
  • Ellen Asherman
  • Elizabeth Astor
  • Avrom H. & Janet W. Siegel Educational Fund of the Jewish Community Foundation of Greater Kansas City
  • The Paul & Edith Babson Foundation
  • Sally & Ron Bancroft
  • Gay & Tony Barclay
  • Mary & Ed Bartlett
  • Bath Iron Works
  • Laura & Loren Beck
  • Becky’s Diner
  • The Bertuzzi Family Foundation
  • Bob’s Clam Hut
  • Victoria & Erno Bonebakker
  • Julia & Jim Brady
  • Arlene Briard
  • Charles D. Broll Jr
  • Buck Family Fund of the Maine Community Foundation at the recommendation of Sandy and Sissy Buck
  • Maile Buker
  • Karen & Bill Burke
  • Nonnie & Rick Burnes
  • Elizabeth R. Butler
  • Judy & Phelps Carter
  • Clark Insurance
  • Liz & Skip Coggin
  • Madeleine G. Corson
  • Joyce & Patrick Coughlan
  • Cowan Family Foundation
  • Debra L. Coyman Charitable Fund
  • Margaret & Dick Curran
  • Suzanne & Joseph Cyr
  • Daniel Daley
  • Dead River Company
  • Denise & Michael Dubyak
  • Legacy of Mary and Bob Edmondson
  • Kay & Jack Emory
  • Mary Kathleen Ernst & Edmund Spivack
  • Ellie & Lew Estabrooks
  • The F. B. Heron Foundation
  • Favreau’s Electric
  • Heidi & David Fitz through the Maine Community Foundation
  • Stephen Fitzpatrick
  • Wendy & Bill Foulke
  • Franklin Savings Bank
  • Harold J. Friedman
  • Anne & Robert Gardiner
  • Rachel & Wyatt Garfield
  • Judith & Sheldon Gordon
  • Annette Gosnell
  • Robert R. Gould & Sarah Copeman Gould Fund
  • Ellen Grant & Kevin Carley
  • Nancy Grant & Michael Boyson
  • Blaine & Charles Grimes
  • Jean & John Gulliver
  • Gulliver Spirn Family
  • Diana & Peter Hammond
  • Hammond Family Fund of the Maine Community Foundation
  • Hannaford Supermarkets
  • Harvard Pilgrim Health Care
  • Emily & Thomas Haslett
  • Hilleary Family Fund
  • Hoffman Family Foundation
  • Lisa Hook
  • Og & Nina Hunnewell
  • Kyoko & Wayne Ingalls
  • Inn by the Sea, LLC
  • Orton P. Jackson Jr
  • John Sage Foundation
  • The Joseph H. Thompson Fund
  • Katahdin Trust Company
  • Betsy & John Kelly
  • Susan Conley & Tony Kieffer
  • Brigitte & Hal Kingsbury
  • Hart Fund of the Maine Community Foundation at the recommendation of Eleanor Kinney
  • Kleinschmidt Fund of the Maine Community Foundation
  • Jerry Knecht
  • Mari & Tom Kroon
  • Kubik Hanson Charitable Fund
  • The David Lakari Family Fund
  • Rebecca Lambert
  • Larch Foundation
  • Denise LaRue & Bob Furman
  • Susie & David Lawrence
  • Lebel & Harriman LLP
  • The Leeber Family Charitable Foundation
  • Emily L. Lewis
  • Rebecca & David Linney *
  • Lipton Crisp Family Foundation
  • The Morse Hill Trust at the recommendation of Ellie Linen Low & David Low
  • Peggy & Bob Mac Arthur
  • Aaron MacArthur
  • Machias Savings Bank
  • Joshua Madore
  • Marcum, LLP
  • Margaret E. Burnham Charitable Trust
  • Peter J. McLaughlin and Jane Kitchel McLaughlin Family Fund
  • Mark Messier
  • Robyn & Bob Metcalfe
  • Ellie & Charlie Miller
  • Jeremy R. Morton
  • Mary & Kenny Nelson
  • Nemo Fund
  • Ginny & Pete Nicholas
  • Brooke & P. Andrews Nixon
  • Bo Norris & Cathy Houlihan
  • Norway Savings Bank
  • Ardis & Rodney Ono
  • Matthew O’Reilly
  • Pamela & Michel Ouellet
  • Charles & Hilary Parkhurst Charitable Gift Fund
  • People’s United Bank
  • Paula J. Peter
  • Beth K. Pfeiffer
  • Phineas W. Sprague Memorial Foundation
  • Janice & Scott Pierce
  • Pond Family Foundation
  • Proprietors of Union Wharf
  • Denley Poor-Reynolds & Matt Reynolds
  • Joan & Tim Porta
  • Portland Pipe Line Corporation
  • Pratt & Whitney
  • Merilee Raines & Dan Snow
  • RBC Wealth Management
  • Lucy Rhame
  • The Robert P. & Patricia J. Bauman Family Foundation
  • The Robert G. and Jane V. Engel Foundation in the name of Elizabeth Hunter Engel
  • The Robert & Dorothy Goldberg Charitable Foundation
  • Cornelia Robinson
  • Saco & Biddeford Savings
  • Marcia & DeWitt Sage
  • Mary R. Saltonstall & John K. Hanson Jr
  • Richard and Mary Jane Schotte Charitable Fund
  • Laurel Walsh & Justin Schuetz
  • Seatrade International
  • Ann Seitz
  • David E. Shaw
  • Martha Burchenal & David Sherman Jr
  • Beth Shissler
  • Frank Simon
  • Skowhegan Savings
  • Kenneth Smaha
  • Kaki & J.P. Smith
  • Spirit Fund of the Maine Community Foundation
  • Dorothy & Craig Stapleton
  • Didi & Holmes Stockly
  • Nancy & Brian Strong
  • Wendy & JB Sullivan
  • Bettina & Marc Terfloth
  • Ingrid & Henry Thomas
  • Brinkley Thorne Family Fund
  • Nina Timpson Hilbert
  • Patricia Timpson
  • Laurie Towers
  • Susan & Stanley Trotman
  • Susannah Swihart & Karl Turner
  • Kristin & Warren Valdmanis
  • WesaDoe Fund of Vanguard Charitable
  • Whetzel Family Charitable Trust
  • Nancy Winslow & Robert Willis
  • Sheila & Bruce Wilson
  • Carol & Joe Wishcamper
  • Wright-Ryan Construction, Inc.
  • Claudine Weatherford & Timothy Wyant
  • Nina & Michael Zilkha
  • The Zug Family Fund
Gifts to Endowment are in bold. * indicates deceased.