Nonprofit · EIN 84-5079866
PALACIOS MARINE AGRICULTURAL RESEARCH INC
Tax-exempt · CORP CHRISTI, TX 78401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $4,540,495 | $6,463,633 | -$1,923,138 | $2,381,351 | $105,018 | $2,276,333 |
| August 31, 2024 | 990 | $3,215,290 | $2,914,311 | $300,979 | $4,338,603 | $138,718 | $4,199,885 |
| August 31, 2023 | 990 | $2,640,699 | $2,834,423 | -$193,724 | $4,161,718 | $225,555 | $3,936,163 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $4,000,000
- Program service revenue
- $472,816
- Investment income
- $29,528
- Net rental income
- $38,151
- Net gain from sales of assets
- $8,353
- Other revenue
- $38,151
Expenses
- Grants and similar amounts paid
- $200,830
- Compensation of officers, directors and key employees
- $364,914
- Other salaries and wages
- $761,639
- Salaries, compensation and benefits (total)
- $1,269,725
- Professional fundraising fees
- $0
- Legal fees
- $1,396
- Accounting fees
- $79,959
- Occupancy
- $129,924
- Travel
- $63,985
- Program services (functional)
- $6,205,589
- Management and general (functional)
- $258,044
Balance sheet and other
- Total assets, start of year
- $4,338,603
- Total assets, end of year
- $2,381,351
- Total liabilities, end of year
- $105,018
- Net assets, end of year
- $2,276,333
- Land, buildings and equipment
- $1,277,850
- Publicly traded securities
- $499,916
- Net assets without donor restrictions
- $2,276,333
- Gross receipts
- $6,377,367
- Employees
- 12
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES MEYN | CHIEF EXECUTIVE OFFICER Trustee or director | 40 | $200,769 | $7,091 |
| LARRY MCKINNEY | DIRECTOR Trustee or director | 20 | $164,144 | $0 |
| ROBERT HEIN | MANAGER Highest-paid employee | 40 | $105,506 | $0 |
| CLARK C FLATO | BOARD CHAIRMAN Trustee or director, Officer | 8 | $0 | $0 |
| STEPHEN W ALTHEIDE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| DAVID HOYER | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOHN J JOHNSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DAVID F SUTTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSE SEVILLA | ADVISORY DIRECTOR Trustee or director | 2 | $0 | $0 |
| KENNETH W TRAWICK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL HEATH | ADVISORY DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended August 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE FOX | FORMER EXECUTIVE DIRECTOR Former | 40 | $222,078 |
| GAIL SUTTON | DIRECTOR OF OPERAT. Highest-paid employee | 40 | $144,220 |
| LARRY MCKINNEY | DIRECTOR Trustee or director | 20 | $138,030 |
| JAMES MEYN | CHIEF EXECUTIVE OFFICER Trustee or director | 40 | $116,154 |
| CLARK C FLATO | BOARD CHAIRMAN Trustee or director, Officer | 8 | $0 |
| STEPHEN W ALTHEIDE | TREASURER Trustee or director, Officer | 5 | $0 |
| DAVID HOYER | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 |
| JOHN J JOHNSON | SECRETARY Trustee or director, Officer | 2 | $0 |
| DAVID F SUTTER | DIRECTOR Trustee or director | 2 | $0 |
| JOSE SEVILLA | ADVISORY DIRECTOR Trustee or director | 2 | $0 |
| KENNETH W TRAWICK | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended August 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOE FOX | EXECUTIVE DIRECTOR Trustee or director | 40 | $213,923 | $927 |
| GAIL SUTTON | DIRECTOR OF OPERAT. Highest-paid employee | 40 | $139,068 | $1,051 |
| LARRY MCKINNEY | DIRECTOR Trustee or director | 20 | $112,506 | $0 |
| CLARK C FLATO | BOARD CHAIRMAN Trustee or director, Officer | 8 | $0 | $0 |
| STEPHEN W ALTHEIDE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| DAVID HOYER | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOHN J JOHNSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DAVID F SUTTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSE SEVILLA | ADVISORY DIRECTOR Trustee or director | 2 | $0 | $0 |
| KENNETH W TRAWICK | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 555 N CARANCAHUA ST STE 700, CORP CHRISTI, TX 78401-0861
- Principal officer (990 for 2024)
- CLARK C FLATO, 555 N CARANCAHUA ST 700, CORPUS CHRISTI, TX 78401
- Signed the 990
- CLARK C FLATO, BOARD CHAIRMAN
- Phone
- (361) 881-9040
- Website
- WWW.PMARTEXAS.ORG
- Return prepared by
- COLLIER JOHNSON & WOODS PC
Mission
SEE SCHEDULE O
Program accomplishments
- SEE SCHEDULE OExpenses $6,205,589 · grants $200,830
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 84-5079866
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U21)
- Assets (IRS master file)
- $2,381,351
- Income (IRS master file)
- $6,377,367
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $4,540,495 | $6,463,633 | $2,381,351 | XML |
| 990 | August 2024 | $3,215,290 | $2,914,311 | $4,338,603 | XML |
| 990 | August 2023 | $2,640,699 | $2,834,423 | $4,161,718 | XML |
| 990 | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-5079866).
Questions about PALACIOS MARINE AGRICULTURAL RESEARCH INC
- What is the EIN of PALACIOS MARINE AGRICULTURAL RESEARCH INC?
- The employer identification number (EIN) of PALACIOS MARINE AGRICULTURAL RESEARCH INC is 84-5079866.
- Is PALACIOS MARINE AGRICULTURAL RESEARCH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PALACIOS MARINE AGRICULTURAL RESEARCH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALACIOS MARINE AGRICULTURAL RESEARCH INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PALACIOS MARINE AGRICULTURAL RESEARCH INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALACIOS MARINE AGRICULTURAL RESEARCH INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of PALACIOS MARINE AGRICULTURAL RESEARCH INC?
- The 990 for the year ended August 31, 2025 names CLARK C FLATO.
- Who are the officers and directors of PALACIOS MARINE AGRICULTURAL RESEARCH INC?
- The 990 for the year ended August 31, 2025 lists 11 people; 3 received compensation from the organization, the highest $200,769 (JAMES MEYN, CHIEF EXECUTIVE OFFICER).
- How much revenue does PALACIOS MARINE AGRICULTURAL RESEARCH INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $4,540,495, expenses of $6,463,633 and total assets of $2,381,351 at year end.
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