Ocean River Institute Inc
- Assets
- $28.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Cambridge, MA
- Founding
- 05/2007
- Data as of
- 01/2024
- EIN
- 20-8273235
Organization Overview
Ocean River Institute Inc is located in Cambridge, MA. The organization was established in 2007. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 01/2024, Ocean River Institute Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean River Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Ocean River Institute Inc generated $121.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $130.9k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO FOSTER GREATER PERSONAL INVOLVEMEMT IN CONSERVATION, RESOURCE MONITORING AND PROTECTING ECOSYSTEMS, BUILDING RELATIONSHIP WITH SCIENTISTS AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Moir President | 40 | $100 | |
Jay Baldwin Treasurer | 0.5 | $0 | |
James Elder Clerk | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,217 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,583 |
| Total Revenue | $121,806 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,950 |
| Professional fees and other payments to independent contractors | $76,510 |
| Occupancy, rent, utilities, and maintenance | $35,093 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,358 |
| Total expenses | $130,911 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,496 |
| Other assets | $0 |
| Total assets | $28,709 |
| Total liabilities | $5,843 |
| Net assets or fund balances | $22,866 |