Oceanites Inc
- Assets
- $83.6k
- Revenue
- $212.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Chevy Chase, MD
- Founding
- 10/1987
- Data as of
- 12/2021
- 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 12/2021, Oceanites Inc generated $212.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $175.5k during the year ending 12/2021. 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
2021
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
SEE ATTACHED FOR DISCUSSION OF PROGRAM SERVICE ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Naveen President | OfficerTrustee | 40 | $31,950 |
Grant Ferrier Director | Trustee | 1 | $0 |
Heidi Ann Richardson Chair | Trustee | 1 | $0 |
Sheldon Harris Director | Trustee | 1 | $0 |
Catherine Nicholson Vice Chair | 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 | $16,771 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,921 |
| Total Program Service Revenue | $0 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35 |
| 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 | $211,978 |
| 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. | $31,950 |
| Compensation of current officers, directors, key employees. | $1,598 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,762 |
| Payroll taxes | $2,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,054 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,683 |
| Advertising and promotion | $0 |
| Office expenses | $662 |
| Information technology | $6,155 |
| Royalties | $0 |
| Occupancy | $10,800 |
| Travel | $12,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $476 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $500 |
| All other expenses | $15,148 |
| Total functional expenses | $175,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,560 |
| Savings and temporary cash investments | $1,000 |
| 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 | $83,560 |
| Accounts payable and accrued expenses | $10,929 |
| 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 | $10,929 |
| Net assets without donor restrictions | $72,631 |
| 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 | $83,560 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oceanites Inc has recieved totaling $21.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berger Action Fund Inc Washington, DC | $351,661,665 | $309,671,160 |
Student Conservation Association Inc Arlington, VA | $24,445,728 | $38,897,444 |
The Alliance For Climate Protection Washington, DC | $25,753,907 | $26,022,257 |
National Recreation & Park Association Ashburn, VA | $21,753,457 | $20,081,113 |
Clean Future Forum Inc Washington, DC | $8,962,972 | $9,558,489 |
Chesapeake Bay Trust Annapolis, MD | $22,649,655 | $15,960,669 |
Council On Library And Information Resources Alexandria, VA | $9,356,231 | $5,065,712 |
Rights And Resources Institute Inc Washington, DC | $36,334,536 | $33,675,806 |
Business Network For Maryland Offshore Wind Inc Baltimore, MD | $8,195,711 | $11,516,807 |
Environmental Law Institute Inc Washington, DC | $12,016,596 | $6,844,953 |
Oyster Recovery Partnership Inc Annapolis, MD | $2,077,192 | $6,281,689 |
Citizens Conservation Corps Inc Beckley, WV | $2,179,540 | $6,277,989 |