The TerraMar Project - Wikipedia
Tax documents for US organization the TerraMar Project consistently list Ghislaine Maxwell as the organization's President. The TerraMar Project's address was in New York City for Form 990 tax filings from 2012 through 2015, with later filings showing a Woburn, Massachusetts address for 2016 and 2017. The New York Times reported that TerraMar gave out no money in grants between 2012 and 2017 and that it was described as having unusually high accounting and legal fees for an organization of its size.
Questions were also raised about what TerraMar entailed beyond the high profile appearance by Maxwell at the United Nations and on the TED stage. In 2017, an executive at a maritime firm made multiple requests for project funding to TerraMar's development director Brian Yuratsis that were ultimately denied despite Yuratsis professing interest in having TerraMar sponsor the project. The maritime executive who made the requests stated that "My impression was that TerraMar as a whole was pretty hollow", and that "It seemed like Brian was the entire organization."
On the organization's IRS annual return, the organization reported that it owed $560,650 to Ghislaine Maxwell, it owed $1,341 of credit card debt, and it had $10,252 of cash, as of 31 December 2018.During 2018, the organization had spent $5,365 for professional fees, $9,380 for website development, $11,157 for advertising, and $270 of bank fees, but it spent nothing toward program services.
Tax documents for US organization the TerraMar Project consistently list Ghislaine Maxwell as the organization's President. The TerraMar Project's address was in New York City for Form 990 tax filings from 2012 through 2015, with later filings showing a Woburn, Massachusetts address for 2016 and 2017. The New York Times reported that TerraMar gave out no money in grants between 2012 and 2017 and that it was described as having unusually high accounting and legal fees for an organization of its size.
Questions were also raised about what TerraMar entailed beyond the high profile appearance by Maxwell at the United Nations and on the TED stage. In 2017, an executive at a maritime firm made multiple requests for project funding to TerraMar's development director Brian Yuratsis that were ultimately denied despite Yuratsis professing interest in having TerraMar sponsor the project. The maritime executive who made the requests stated that "My impression was that TerraMar as a whole was pretty hollow", and that "It seemed like Brian was the entire organization."
On the organization's IRS annual return, the organization reported that it owed $560,650 to Ghislaine Maxwell, it owed $1,341 of credit card debt, and it had $10,252 of cash, as of 31 December 2018.During 2018, the organization had spent $5,365 for professional fees, $9,380 for website development, $11,157 for advertising, and $270 of bank fees, but it spent nothing toward program services.
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