According to The Marine Mammal Center audit of September 30, 2019 (Note 11, Donated Materials and Services), the Center received donated materials and services during fiscal 2019 on which it placed a total value of $335,049, including $166,071 and $120,694 in donated "Advertising and public relations" and "Legal and other services," respectively. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
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According to The Marine Mammal Center audit of September 30, 2019 (Note 12, Concentrations): "...Approximately 12% of total contribution revenue is comprised of amounts from one donor and approximately 64% of total bequest revenue is comprised of amounts from three donors for the year ended September 30, 2019."
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According to The Marine Mammal Center audit of September 30, 2019 (Note 14, Commitments and Contingencies, Cooperative agreement): "The Center occupies most of its land through license agreements, the largest of which is the seven-acre site in the Marin Headlands, Golden Gate National Recreation Area... In 2002, the National Park Service ('NPS') issued a memorandum regarding the imposition of service district charges on an annual basis. In August 2007, the NPS and the Center finalized a twenty-five (25) year Cooperative Agreement (the 'Agreement'), which requires the Center to pay monthly service district charges to cover common area maintenance services. Monthly service district charges are determined upon obtaining a special use permit every year. The total service district charges were $83,732 during the year ended September 30, 2019, with $15,255 included in staff housing and rent expense."
According to The Marine Mammal Center audit of September 30, 2019 (Note 14, Commitments and Contingencies, Land license agreements): "In 2001, the Center entered into agreements with LSP Morro Bay, LLC (the 'Morro Licensor') and LSP Moss Landing (the 'Moss Licensor') to construct, operate and maintain two triage facilities for twenty (20) years commencing June 1, 2001. The Center paid $20 to each Licensor for the right to occupy the property where the triage facilities were constructed, and fund the property improvements... The Center shall also pay an annual licensor fee of $1 per year to each licensor for occupancy. The Licensors reserve the right to terminate the agreements at any time during the term of the agreement, with or without cause and without obligation to the Center, by having written notice delivered to the Center ninety days prior to the termination date specified in the notice. "In 2007, the original Moss Licensor sold the Moss Landing property to Dynegy Moss Landing, LLC ('Dynegy'). In April 2018, Dynegy merged with Vistra Energy Corp. ('Vistra'). The Licensor agreement with the Center transferred with the sale of the property. While Vistra is looking to develop the property, the Center is not aware of any pending projects that would terminate the occupancy agreement. The Center may recognize a loss if the license to occupy the property is terminated." |