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Michigan · Nonprofit

FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY

FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY (Michigan) receives grants from 5 organizations whose IRS filings report $528,100 to it, the largest being THE WALTERS FAMILY FOUNDATION ($345,000). 5 of them have funded it in more than one year.

$516k
Revenue FY2026
5
Funders on record
$528k
Grants received
$1.7M
Net assets
5/5 repeat funderspeak grant-dependency 57%

Against its field

FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY runs a healthier operating margin than three-quarters of the 27 philanthropy nonprofits its size.

Operating margin54% · top quartile
Months of reserve56.3mo · top quartile
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 27 philanthropy nonprofits $100k–$1M, FY2026

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($348k) Expenses 100 ($298k) Net assets 100 ($273k)2018 Revenue 131 ($455k) Expenses 126 ($375k) Net assets 131 ($356k)2019 Revenue 81 ($282k) Expenses 97 ($289k) Net assets 126 ($344k)2020 Revenue 74 ($260k) Expenses 122 ($363k) Net assets 89 ($242k)2021 Revenue 58 ($202k) Expenses 63 ($188k) Net assets 95 ($260k)2022 Revenue 118 ($410k) Expenses 78 ($232k) Net assets 159 ($433k)2023 Revenue 161 ($560k) Expenses 98 ($293k) Net assets 248 ($677k)2024 Revenue 234 ($816k) Expenses 118 ($353k) Net assets 426 ($1.2M)2025 Revenue 143 ($500k) Expenses 95 ($283k) Net assets 512 ($1.4M)2026 Revenue 148 ($516k) Expenses 80 ($237k) Net assets 618 ($1.7M)
'17'18'19'20'21'22'23'24'25'26
Revenue (148)Expenses (80)Net assets (618)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 5% · 2018 3% · 2019 1% · 2020 4% · 2021 24% · 2022 30% · 2023 31% · 2024 8% · 2025 3%. Grants only. Government contracts and fees sit inside program revenue.

42% of FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY’s revenue is contributions — about as donation-reliant as the typical peer (87% for the typical peer).

This organization
Typical peer · 7,816 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 10 reported years ran a deficit.

$50k
17
$80k
18
$7k
19
$103k
20
$15k
21
$178k
22
$267k
23
$464k
24
$216k
25
$278k
26
56
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $50k → $115k.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
total
funders
1
2
1
2
2
3
2
2

2 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF)9% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY leans on a few funders — its largest provides 65% of grant income and the top three 96%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

35% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY.

65%
largest funder
96%
top three
~2
effective funders

Largest funder’s share by year: 2017 100% · 2018 60% · 2019 100% · 2020 100% · 2021 100% · 2022 85% · 2023 100%broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

77% of FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY's grant income comes from Michigan funders.

MI
MD

In-state vs out-of-state, by year

17
18
19
20
21
22
23
Michigan out of state home

Funder states come from each funder’s own filing. $50k arriving through sponsors registered in 2 statesis excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Government funding FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $100k on record.

Federal$100k
grants $100kcontracts $0
Top agencies
  • Department of Commerce$100k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Michigan

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

96% of spending goes to programs.

Program 96%Management 3%Fundraising 0%

Governance

6
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Public support

98%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MI

Screen this organization

A dated, signed PDF of the compliance screen for FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY?
FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY (Michigan) receives grants from 5 organizations whose IRS filings report $528,100 to it, the largest being THE WALTERS FAMILY FOUNDATION ($345,000). 5 of them have funded it in more than one year.
How many funders does FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY have?
IRS filings report 5 organizations giving $528,100 in grants to FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY, 5 of which have funded it in more than one year.
Who is the largest funder of FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY?
THE WALTERS FAMILY FOUNDATION is the largest funder on record, with $345,000 in grants. The full list of funders is on this page.
How can an organization like FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2026 (financials across 2017–2026), and the filings of 5funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing