Oceanites Inc
- Assets
- $24.5k
- Revenue
- $176.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Chevy Chase, MD
- Founding
- 10/1987
- Data as of
- 12/2023
- EIN
- 52-1530218
Organization Overview
Oceanites Inc is located in Chevy Chase, MD. The organization was established in 1987. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceanites 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 12/2023, Oceanites Inc generated $176.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $246.7k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OCEANITESS MISSION IS CHAMPIONING SCIENCE-BASED CONSERVATION AND INCREASED AWARENESS OF CLIMATE CHANGE, ITS POTENTIAL IMPACTS, AND CLIMATE CHANGE ADAPTATION THROUGH THE LENS OF PENGUINS AND ANTARCTICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR OCEANITES, AN IMPORTANT MILESTONE HAS BEEN REACHED: THE 30TH ANNIVERSARY OF THE ANTARCTIC SITE INVENTORY, OUR SEMINAL PENGUIN COUNTING PROJECT. MONITORING OF KEYSTONE SPECIES IS CRITICAL TO ASSESSING THE HEALTH OF ANY AND ALL ECOSYSTEMS, NOT LEAST THE ANTARCTIC ECOSYSTEM, AND OCEANITES HAS SUCCEEDED IN PROVIDING PENGUIN POPULATION DATA THAT EVERYONE RELIES UPON - FROM GOVERNMENTS, UNIVERSITIES AND THE SCIENTIFIC COMMUNITY TO THE TOURISM AND KRILL-FISHING INDUSTRIES. THERE IS NO SUBSTITUTE FOR FIELDWORK - BUT TECHNOLOGY HAS NOW ALLOWED US TO ACHIEVE A GREATER LEVEL OF ACCURACY AND REAL-TIME MONITORING BASED ON DRONES, SATELLITE IMAGERY AND AI ALGORITHMS TO ENHANCE OUR SPECIES POPULATION MODELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Naveen President | OfficerTrustee | 40 | $37,275 |
Grant Ferrier Chair | Trustee | 1 | $0 |
Heidi Ann Richardson Director | Trustee | 1 | $0 |
Catherine Nicholson Vice Chair | Trustee | 1 | $0 |
Sheldon J Harris Director | Trustee | 1 | $0 |
R Tucker Scully Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,192 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,661 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| 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 | $176,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,275 |
| Compensation of current officers, directors, key employees. | $1,864 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,751 |
| Payroll taxes | $2,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,703 |
| Advertising and promotion | $0 |
| Office expenses | $298 |
| Information technology | $4,806 |
| Royalties | $0 |
| Occupancy | $14,850 |
| Travel | $49,312 |
| 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 | $0 |
| Insurance | $510 |
| All other expenses | $9,186 |
| Total functional expenses | $246,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,469 |
| Savings and temporary cash investments | $1,002 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,471 |
| Accounts payable and accrued expenses | $5,464 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,464 |
| Net assets without donor restrictions | $19,007 |
| Net assets with donor restrictions | $0 |
| 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 | $24,471 |