Gulf Research Program Annual Report 2020 (2021)
Chapter: Financials
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Suggested Citation:
"Financials." National Academies of Sciences, Engineering, and Medicine. 2021. Gulf Research Program Annual Report 2020. Washington, DC: The National Academies Press.
doi: 10.17226/26147.
FINANCIALS
Proceeds Received by the National Academy of Sciences
| BP Exploration and Production Inc. | Transocean Deepwater Inc. | Total | |
|---|---|---|---|
| 2013 | $5,000,000 | $2,000,000 | $7,000,000 |
| 2014 | $15,000,000 | $7,000,000 | $22,000,000 |
| 2015 | $45,000,000 | $21,000,000 | $66,000,000 |
| 2016 | $80,000,000 | $60,000,000 | $140,000,000 |
| 2017 | $90,000,000 | $60,000,000 | $150,000,000 |
| 2018 | $115,000,000 | $0 | $115,000,000 |
| TOTAL | $350,000,000 | $150,000,000 | $500,000,000 |
Financial Overview
| Proceeds Received | $500,000,000 | |
| Investment Return in Previous Years | $101,927,068 | |
| Investment Return in 2020 | $78,780,761 | |
| Total Funding: | $680,707,829 | |
| Expenses in Previous Years | ($95,230,049) | |
| Expenses in 2020 | ($22,353,350) | |
| Total Expenses: | ($117,583,399) | |
| Balance as of 12/31/2020: | $563,124,430 | |
2020 Program Expenditures
| Research & Development | $12,385,863.84 |
| Education & Capacity Building | $5,076,931.39 |
| Monitoring & Synthesis | $1,304,781.46 |
| Evaluation & Impact | $465,639.37 |
| General Operating Costs | $2,288,999.65 |
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