Palacios Marine Agricultural Research Inc logo

Palacios Marine Agricultural Research Inc

Public charity · Grantmaker Corpus Christi, TX EIN: 84-5079866 Website

Key facts about Palacios Marine Agricultural Research Inc

In short: Palacios Marine Agricultural Research Inc gave $188K across 6 grants in 2025 (avg $31K), mostly in Mississippi. Source: 2025 IRS Form 990.

EIN
84-5079866
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$188,476
Grants made (2025)
6
Average grant
$31,413
Median grant
$23,925
Total assets
$2,381,351
Primary geography
Mississippi (57% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$2.4M

-45.1% YoY

Annual Giving

$188K

+46.7% YoY

Grant Count

6

+200.0% YoY

Avg Grant Size

$31K

-51.1% YoY

About Palacios Marine Agricultural Research Inc

Based on IRS filings

Palacios Marine Agricultural Research Inc is a public charity focused on Science & Technology, based in Corpus Christi, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.4M in total assets. In 2025, it awarded 6 grants totaling $188K. Net investment income was $30K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

DecaturCorpus ChristiHoustonAransas PassBiloxiHartwellLortonOcean SpringsPalacios

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K0 grants2021 0 grants2022 5 grants2023 2 grants2024 6 grants2025

From 2023 to 2025, annual grant giving ranged from $129K (2024) to $714K (2023). In 2025 it made 6 grants totaling $188K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

National Fisheries Restoration: $91KNational Fisheries Restoration$91KTexas A&M University: $36KTexas A&M University$36KCAE Mae Sea Foundation: $32KCAE Mae Sea Foundation$32KC Cenac & CO: $16KC Cenac & CO$16KOyster South: $7KOyster South$7KTexas Floating Classroom Inc: $7KTexas Floating Classroom Inc$7K

The largest 2025 recipient was National Fisheries Restoration ($91K). Together the top 6 received $188K.

Grant Size Distribution

13 grants across all recorded years

10<$50K1$50–100K1$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 13 (77%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
National Fisheries Restoration Biloxi, MSMarine Research$90,820
Texas A&M University Corpus Christi, TXMarine Research$36,006
CAE Mae Sea Foundation Lorton, VAMarine Research$31,886
C Cenac & CO Ocean Springs, MSMarine Research$15,964
Oyster South Decatur, GAMarine Research$7,000
Texas Floating Classroom Inc Aransas Pass, TXMarine Research$6,800

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2M$4M$6M$8M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,381,351$4,338,603$4,161,718
Revenue$4,540,495$3,215,290$2,640,699
Expenses$6,463,633$2,914,311$2,834,423
Net Investment Income$29,528$72,508$33,217

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2023 (received by the IRS March 26, 2024)
  2. Updated Form 990 for fiscal year 2024 (received by the IRS March 5, 2025)
  3. Added Form 990 for fiscal year 2025 (received by the IRS July 15, 2026)
  4. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Palacios Marine Agricultural Research Inc is led by James Meyn, Chief Executive Officer on every filing since 2024; 3 of 11 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • James Meyn

    Chief Executive Officer

    On filings since 2024

    40 hrs/week

    $116K (2024) → $201K (2025)

  • Clark C. Flato

    Board Chairman

    On filings since 2021

    8 hrs/week

    No compensation reported

  • Larry McKinney

    Director

    On filings since 2021

    20 hrs/week

    $46K (2022) → $164K (2025)

  • David F. Sutter

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Kenneth W. Trawick

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Jose Sevilla

    Advisory Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Paul Heath

    Advisory Director

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Robert Hein

    Manager

    New on the 2025 filing

    40 hrs/week

    $106K (2025)

  • David Hoyer

    Vice Chairman

    On filings since 2021

    2 hrs/week

    No compensation reported

  • John J. Johnson

    Secretary

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Stephen W. Altheide

    Treasurer

    On filings since 2021

    5 hrs/week

    No compensation reported

Former officers (2)
  • Former: Gail Sutton (2022–2024) — Director of Operat.
  • Former: Joe Fox (2022–2024) — Former Executive Director

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

James Meyn — Chief Executive Officer: $201KJames MeynChief Executive Officer$201KLarry McKinney — Director: $164KLarry McKinneyDirector$164KRobert Hein — Manager: $106KRobert HeinManager$106K

The highest reported compensation on the 2025 filing was $201K, to James Meyn (Chief Executive Officer). 3 officers or directors reported compensation on that filing.

Frequently asked questions about Palacios Marine Agricultural Research Inc

How much does Palacios Marine Agricultural Research Inc give each year?

Palacios Marine Agricultural Research Inc gave $188K across 6 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $129K across 2 grants.

What is Palacios Marine Agricultural Research Inc's typical grant size?

Palacios Marine Agricultural Research Inc's median grant in 2025 was $23,925, and its average grant was $31,413, across 6 grants on its 2025 IRS Form 990.

Where does Palacios Marine Agricultural Research Inc give grants?

Palacios Marine Agricultural Research Inc gives mostly in Mississippi: 57% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest states were Texas (23%) and Virginia (17%).

Does Palacios Marine Agricultural Research Inc give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on Palacios Marine Agricultural Research Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Marine Research" (6 grants).

Who are Palacios Marine Agricultural Research Inc's largest grantees?

Palacios Marine Agricultural Research Inc's largest 2025 grantees include National Fisheries Restoration ($90,820), Texas A&M University ($36,006) and CAE Mae Sea Foundation ($31,886), according to its 2025 IRS Form 990. Together they received 84% of its itemized 2025 grant dollars.

How large is Palacios Marine Agricultural Research Inc?

Palacios Marine Agricultural Research Inc reported $2.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.5M.

What is Palacios Marine Agricultural Research Inc?

Palacios Marine Agricultural Research Inc is a public charity focused on Science & Technology, based in Corpus Christi, TX. It holds $2.4M in total assets as of 2025.

What is Palacios Marine Agricultural Research Inc's EIN?

Palacios Marine Agricultural Research Inc's EIN (Employer Identification Number) is 84-5079866. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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