Southeast Coastal Ocean Observing Regional Association
- Assets
- $2.5m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Charleston, SC
- Founding
- 08/2008
- Data as of
- 06/2023
- EIN
- 26-1215705
Organization Overview
Southeast Coastal Ocean Observing Regional Association is located in Charleston, SC. The organization was established in 2008. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Southeast Coastal Ocean Observing Regional Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Coastal Ocean Observing Regional Association 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 06/2023, Southeast Coastal Ocean Observing Regional Association generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $5.9m during the year ending 06/2023. While expenses have increased by 9.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Southeast Coastal Ocean Observing Regional Association has awarded 164 individual grants totaling $24,783,273. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SECOORA, THE SOUTHEAST COASTAL OCEAN OBSERVING REGIONAL ASSOCIATION, IS THE REGIONAL SOLUTION TO INTEGRATING COASTAL AND OCEAN OBSERVING DATA AND INFORMATION IN THE SOUTHEAST UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES. THE ORGANIZATION IS ONE OF 11 REGIONAL COASTAL OBSERVING SYSTEMS. SECOORA COLLECTS DATA AND CREATES TOOLS THAT SUPPORT HUMAN POPULATIONS, COASTAL ECONOMIES AND A HEALTHY, SUSTAINABLE ENVIRONMENT. ITS OBSERVING SYSTEM IS COMPRISED OF MULTIPLE DATA PRODUCTS, MOORED AND COASTAL STATIONS, HIGH-FREQUENCY RADARS, AND A GLIDER OBSERVATORY.
PRIORITIES FOR SECOORA FOR THE NEXT FIVE YEARS ARE TO SUSTAIN, REPAIR AND EXPAND CRITICAL OBSERVING INFRASTRUCTURE, AND ENHANCE DATA MANAGEMENT, DATA SHARING, AND DELIVERY OF DATA PRODUCTS, TO STAKEHOLDERS THROUGHOUT THE SOUTHEAST, INCLUDING UNDERSERVED COMMUNITIES. IN SECOORA'S BIL AWARD SECOORA IS PROPOSING WORK UNDER TOPIC AREA 1 AND TOPIC AREA 2:
SECOORA AND PARTNERS HAVE SUCCESSFULLY PILOTED AND TRANSITIONED TO OPERATIONS A COASTAL WEBCAM NETWORK FOR THE SOUTHEAST US. THE NETWORK, KNOWN AS WEBCOOS, STREAMLINED THE COLLECTION, STORAGE, AND ACCESS TO REAL-TIME AND HISTORIC WEBCAM IMAGERY AND ENABLES IMAGE ANALYSIS AND DEVELOPMENT OF DERIVED PRODUCTS THAT CAN BE USED FOR DECISION-MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Savidge Board Member | Trustee | 1 | $0 |
Conrad Lautenbacher Board Member | Trustee | 1 | $0 |
Duane DE Freese Board Member | Trustee | 1 | $0 |
Bryan Franks Board Member | Trustee | 1 | $0 |
Jeff Copeland Board Member | Trustee | 1 | $0 |
Nathan Hall Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,166,824 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,203,324 |
| Total Program Service Revenue | $0 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,262,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,614,681 |
| Grants and other assistance to domestic individuals. | $305,757 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,940 |
| Compensation of current officers, directors, key employees. | $27,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,517 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,910 |
| Payroll taxes | $38,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,195 |
| Advertising and promotion | $0 |
| Office expenses | $6,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $159,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,524 |
| Insurance | $3,175 |
| All other expenses | $0 |
| Total functional expenses | $5,902,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,778 |
| Savings and temporary cash investments | $251,594 |
| Pledges and grants receivable | $1,467,917 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,610 |
| Net Land, buildings, and equipment | $591,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,498,105 |
| Accounts payable and accrued expenses | $1,288,222 |
| Grants payable | $0 |
| Deferred revenue | $13,402 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,301,624 |
| Net assets without donor restrictions | $1,113,334 |
| Net assets with donor restrictions | $83,147 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,498,105 |
Grants Awarded
Over the last fiscal year, Southeast Coastal Ocean Observing Regional Association has awarded $4,007,055 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AXIOM DATA SCIENCES LLC PURPOSE: TO FURTHER MISSION OF PROVIDING OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES | $400,714 |
FATHOM SCIENCE LLC PURPOSE: TO FURTHER MISSION OF PROVIDING OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES | $218,209 |
FISHERIES DATA SOLUTION LLC PURPOSE: TO FURTHER MISSION OF PROVIDING OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES | $44,893 |
SECOND CREEK CONSULTING LLC PURPOSE: TO FURTHER MISSION OF PROVIDING OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES | $55,397 |
NORTH CAROLINA STATE UNIVERSITY PURPOSE: TO FURTHER MISSION OF PROVIDING OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES | $161,882 |
FLORIDA ATLANTIC UNIVERSITY PURPOSE: TO FURTHER MISSION OF PROVIDING OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES | $23,521 |