Palacios Marine Agricultural Research

CORPUS CHRISTI, TX EIN: 84-5079866 Website

Science & Technology

SEE SCHEDULE O

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.3M

+4.3% YoY

Annual Giving

$129K

-82.0% YoY

Grant Count

-60.0% YoY

Avg Grant Size

$64K

-55.0% YoY

About Palacios Marine Agricultural Research

Based on IRS filings

Palacios Marine Agricultural Research is a nonprofit organization focused on Science & Technology, based in CORPUS CHRISTI, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 2 grants totaling $129K. Net investment income was $73K.

Focus Areas

Science & Technology

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $805K (96%)

Georgia $37K (4%)

States

Georgia Texas

Cities

Corpus ChristiDecaturHartwellHoustonPalacios

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,338,603	$4,161,718	$4,022,660
Revenue	$3,215,290	$2,640,699	$2,484,282
Expenses	$2,914,311	$2,834,423	$1,377,601
Qualifying Distributions	—	—	—
Net Investment Income	$72,508	$33,217	$29,824
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include B Carbon Inc ($120,000), Oyster South ($8,500).

Recipient	Purpose	Amount
B CARBON INC HOUSTON, TX	MARINE RESEARCH	$120,000
OYSTER SOUTH DECATUR, GA	MARINE RESEARCH	$8,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LARRY MCKINNEY	DIRECTOR	20	$138,030
CLARK C FLATO	BOARD CHAIRMAN	8	—
STEPHEN W ALTHEIDE	TREASURER	5	—
DAVID HOYER	VICE CHAIRMAN	2	—
JOHN J JOHNSON	SECRETARY	2	—
DAVID F SUTTER	DIRECTOR	2	—
JOSE SEVILLA	ADVISORY DIRECTOR	2	—
KENNETH W TRAWICK	DIRECTOR	2	—
JAMES MEYN	CHIEF EXECUTIVE OFFICER	40	$116,154
GAIL SUTTON	DIRECTOR OF OPERAT.	40	$144,220
JOE FOX	FORMER EXECUTIVE DIRECTOR	40	$222,078

Subject Areas

Focus areas based on grantmaking activity

Science & Technology

Frequently Asked Questions

What is Palacios Marine Agricultural Research?

Palacios Marine Agricultural Research is a nonprofit organization focused on Science & Technology, based in CORPUS CHRISTI, TX. It holds $4.3M in total assets as of 2024.

How large is Palacios Marine Agricultural Research?

As of 2024, Palacios Marine Agricultural Research holds $4.3M in total assets with $3.2M in annual revenue. It awarded 2 grants totaling $129K in 2024.

Where does Palacios Marine Agricultural Research operate?

Palacios Marine Agricultural Research has awarded grants in Georgia, Texas.

What size grants does Palacios Marine Agricultural Research award?

In 2024, Palacios Marine Agricultural Research awarded 2 grants totaling $129K — an average of about $64K per grant, based on its IRS Form 990 filings.

What is Palacios Marine Agricultural Research's EIN?

Palacios Marine Agricultural Research's EIN (Employer Identification Number) is 84-5079866. IRS Form 990 filing data is available on this page for 2021–2024.