Palacios Marine Agricultural Research Inc

  • Corp Christi, TX
  • Tax exemption issued: July 2021
  • EIN: 84-5079866

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Science and Technology Research Institutes, Services / Marine Science and Oceanography (NTEE)

Donations to this organization are tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2025

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,540,495
Expenses
$6,463,633
Net Income
-$1,923,138
Net Assets
$2,276,333
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,000,000
88.1%
Program Services $472,816
10.4%
Investment Income $21,175
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $38,151
0.8%
Net Fundraising $0
Sales of Assets $8,353
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $364,914
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $761,639
11.8%
Assets/Debt
Total Assets $2,381,351
Total Liabilities $105,018
Net Assets $2,276,333
Compensation
Key Employees and Officers Compensation Related Other
James Meyn (Chief Executive Officer) $200,769 $0 $7,091
Larry Mckinney (Director) $164,144 $0 $0
Robert Hein (Manager) $105,506 $0 $0
Clark C Flato (Board Chairman) $0 $0 $0
Stephen W Altheide (Treasurer) $0 $0 $0
David Hoyer (Vice Chairman) $0 $0 $0
John J Johnson (Secretary) $0 $0 $0
David F Sutter (Director) $0 $0 $0
Jose Sevilla (Advisory Director) $0 $0 $0
Kenneth W Trawick (Director) $0 $0 $0
Paul Heath (Advisory Director) $0 $0 $0
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Document Links

990
Filed on July 15, 2026

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,215,290
Expenses
$2,914,311
Net Income
$300,979
Net Assets
$4,199,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,000,000
93.3%
Program Services $91,268
2.8%
Investment Income $22,989
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $51,514
1.6%
Net Fundraising $0
Sales of Assets $49,519
1.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $254,184
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $688,479
23.6%
Assets/Debt
Total Assets $4,338,603
Total Liabilities $138,718
Net Assets $4,199,885
Compensation
Key Employees and Officers Compensation Related Other
Joe Fox (Former Executive Director) $222,078 $0 $0
Gail Sutton (Director Of Operat.) $144,220 $0 $0
Larry Mckinney (Director) $138,030 $0 $0
James Meyn (Chief Executive Officer) $116,154 $0 $0
Clark C Flato (Board Chairman) $0 $0 $0
Stephen W Altheide (Treasurer) $0 $0 $0
David Hoyer (Vice Chairman) $0 $0 $0
John J Johnson (Secretary) $0 $0 $0
David F Sutter (Director) $0 $0 $0
Jose Sevilla (Advisory Director) $0 $0 $0
Kenneth W Trawick (Director) $0 $0 $0
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Document Links

990
Filed on March 5, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,640,699
Expenses
$2,834,423
Net Income
-$193,724
Net Assets
$3,936,163
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,533,341
95.9%
Program Services $18,000
0.7%
Investment Income $23,262
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $56,141
2.1%
Net Fundraising $0
Sales of Assets $9,955
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $326,429
11.5%
Professional Fundraising Fees $0
Other Salaries and Wages $551,282
19.4%
Assets/Debt
Total Assets $4,161,718
Total Liabilities $225,555
Net Assets $3,936,163
Compensation
Key Employees and Officers Compensation Related Other
Joe Fox (Executive Director) $213,923 $0 $927
Gail Sutton (Director Of Operat.) $139,068 $0 $1,051
Larry Mckinney (Director) $112,506 $0 $0
Clark C Flato (Board Chairman) $0 $0 $0
Stephen W Altheide (Treasurer) $0 $0 $0
David Hoyer (Vice Chairman) $0 $0 $0
John J Johnson (Secretary) $0 $0 $0
David F Sutter (Director) $0 $0 $0
Jose Sevilla (Advisory Director) $0 $0 $0
Kenneth W Trawick (Director) $0 $0 $0
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Document Links

990
Filed on March 26, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,484,282
Expenses
$1,377,601
Net Income
$1,106,681
Net Assets
$3,978,049
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,450,908
98.7%
Program Services $0
Investment Income $29,824
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $9,154
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$5,604
Notable Expenses Percent of Total Expenses
Executive Compensation $254,683
18.5%
Professional Fundraising Fees $0
Other Salaries and Wages $376,444
27.3%
Assets/Debt
Total Assets $4,022,660
Total Liabilities $44,611
Net Assets $3,978,049
Compensation
Key Employees and Officers Compensation Related Other
Joe Fox (Executive Di) $208,846 $0 $695
Gail Sutton (Director Of) $129,750 $0 $788
Larry Mckinney (Director) $45,837 $0 $0
Stephen W Altheide (Treasurer) $0 $0 $0
Clark C Flato (Board Chairm) $0 $0 $0
David Hoyer (Vice Chairma) $0 $0 $0
John J Johnson (Secretary) $0 $0 $0
David F Sutter (Director) $0 $0 $0
Kenneth W Trawick (Director) $0 $0 $0
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Document Links

990
Filed on Dec. 20, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,231,140
Expenses
$840,681
Net Income
$2,390,459
Net Assets
$2,986,125
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,230,198
100.0%
Program Services $0
Investment Income $942
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $247,375
29.4%
Assets/Debt
Total Assets $2,986,125
Total Liabilities $0
Net Assets $2,986,125
Compensation
Key Employees and Officers Compensation Related Other
Stephen W Altheide (Treasurer) $0 $0 $0
Clark C Flato (Board Chairm) $0 $0 $0
David Hoyer (Vice Chairma) $0 $0 $0
John J Johnson (Secretary) $0 $0 $0
Larry Mckinney (Director) $0 $0 $0
David F Sutter (Director) $0 $0 $0
Kenneth W Trawick (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 26, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$705,291
Expenses
$109,625
Net Income
$595,666
Net Assets
$595,666
Notable Sources of Revenue Percent of Total Revenue
Contributions $705,284
100.0%
Program Services $0
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $612,766
Total Liabilities $17,100
Net Assets $595,666

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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