Oceanography Society
- Assets
- $447.2k
- Revenue
- $389.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Rockville, MD
- Founding
- 11/1989
- Data as of
- 09/2021
- EIN
- 52-1563085
Organization Overview
Oceanography Society is located in Rockville, MD. The organization was established in 1989. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceanography Society 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 09/2021, Oceanography Society generated $389.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $520.3k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OCEANOGRAPHY SOCIETY (TOS) WAS FOUNDED IN 1988 TO ADVANCE OCEANOGRAPHIC RESEARCH, TECHNOLOGY, AND EDUCATION, AND TO DISSEMINATE KNOWLEDGE OF OCEANOGRAPHY AND ITS APPLICATION THROUGH RESEARCH AND EDUCATION. TOS PROMOTES THE BROAD UNDERSTANDING OF OCEANOGRAPHY, FACILITATES CONSENSUS BUILDING ACROSS ALL THE DISCIPLINES OF THE FIELD, AND INFORMS THE PUBLIC ABOUT OCEAN RESEARCH, INNOVATIVE TECHNOLOGY, AND EDUCATIONAL OPPORTUNITIES THROUGHOUT THE SPECTRUM OF
Describe the Organization's Program Activity:
PUBLICATION OF "OCEANOGRAPHY" MAGAZINE WHICH CONTAINS PEER-REVIEWED ARTICLES THAT CHRONICLE ALL ASPECTS OF OCEAN SCIENCE AND ITS APPLICATIONS. MEMBERSHIP FEES ENTITLE MEMBERS TO THE QUARTERLY PUBLICATIONS AS WELL AS CERTAIN OTHER BENEFITS.
TOS SPONSORS MEETINGS AND CONFERENCES TO DISSEMINATE KNOWLEDGE AND PROMOTE COMMUNICATION AMONG OCEANOGRAPHERS.
TOS MANAGES SEVEN AWARD PROGRAMS. THE JERLOV AWARD IS GIVEN IN RECOGNITION OF CONTRIBUTIONS MADE TO THE ADVANCEMENT OF OUR KNOWLEDGE OF THE NATURE AND CONSEQUENCES OF LIGHT IN THE OCEAN. THE WALTER MUNK MEDAL IS AWARDED BIENNIALLY BY THE OCEANOGRAPHY SOCIETY TO AN INDIVIDUAL OCEAN SCIENTIST FOR EXTRAORDINARY ACCOMPLISHMENTS AND NOVEL INSIGHTS IN THE AREA OF PHYSICAL OCEANOGRAPHY, OCEAN ACOUSTICS, OR MARINE GEOPHYSICS. THE FELLOWS PROGRAM RECOGNIZES INDIVIDUALS WHO HAVE ATTAINED EMINENCE IN OCEANOGRAPHY THROUGH THEIR OUTSTANDING CONTRIBUTIONS TO THE FIELD OF OCEANOGRAPHY OR ITS APPLICATION DURING A SUBSTANTIAL PERIOD OF YEARS. THE BROECKER MEDAL IS GIVEN FOR SUSTAINED INNOVATIVE, AND IMPACTFUL CONTRIBUTIONS TO ORIGINAL RESEARCH IN THE AREAS OF MARINE GEOSCIENCE, CHEMICAL OCEANOGRAPHY, OR PALEOCEANOGRAPHY, ALONG WITH OUTSTANDING CONTRIBUTIONS TO EDUCATION AND MENTORSHIP IN THE FIELD. THE EARLY CAREER AWARD IS PRESENTED BIENNIALLY TO UP TO THREE TOS MEMBERS FOR HAVING DEMONSTRATED EXTRAORDINARY SCIENTIFIC EXCELLENT AND POTENTIAL TO SHAPE THE FUTURE OF OCEANOGRAPHY. THE MENTORING AWARD IS GIVEN BIENNIALLY TO AN INDIVIDUAL OCEAN SCIENTIST FOR EXCELLENCE AND/OR INNOVATION IN MENTORING THE NEXT GENERATION OF OCEAN SCIENTISTS. THE MARY SEARS MEDAL IS GIVEN BIENNIALLY TO AN INDIVIDUAL OCEAN SCIENTIST WHO HAS MADE SUSTAINED, INNOVATIVE, AND IMPACTFUL CONTRIBUTIONS TO ORIGINAL RESEARCH IN THE AREAS IN THE AREAS OF BIOLOGICAL OCEANOGRAPHY, MARINE BIOLOGY, OR MARINE ECOLOGY, ALONG WITH OUTSTANDING CONTRIBUTIONS TO EDUCATION AND MENTORSHIP IN THE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Ramarui Executive Director | Officer | 35 | $129,223 |
Andone Lavery President | OfficerTrustee | 2 | $0 |
Prof Dr Martin Visbeck Past President | OfficerTrustee | 2 | $0 |
Deborah Bronk President Elect | OfficerTrustee | 2 | $0 |
Allison Miller Secretary | Officer | 2 | $0 |
Susan Banahan Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,885 |
| Total Program Service Revenue | $73,959 |
| Investment income | $33 |
| 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 | $389,175 |
| 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. | $130,829 |
| Compensation of current officers, directors, key employees. | $85,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,422 |
| Fees for services: Accounting | $36,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,471 |
| Advertising and promotion | $1,350 |
| Office expenses | $4,059 |
| Information technology | $19,155 |
| Royalties | $0 |
| Occupancy | $3,562 |
| Travel | $7,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,683 |
| All other expenses | $196 |
| Total functional expenses | $520,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,279 |
| Savings and temporary cash investments | $293,667 |
| Pledges and grants receivable | $74,860 |
| Accounts receivable, net | $2,300 |
| 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 | $16,103 |
| 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 | $447,209 |
| Accounts payable and accrued expenses | $32,872 |
| Grants payable | $0 |
| Deferred revenue | $12,623 |
| 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 | $45,495 |
| Net assets without donor restrictions | $295,255 |
| Net assets with donor restrictions | $106,459 |
| 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 | $447,209 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oceanography Society has recieved totaling $6,544.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $6,544 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute Of Physics Incorporated College Park, MD | $265,323,832 | $79,890,854 |
Sae International Warrendale, PA | $105,397,806 | $68,054,861 |
American Physical Society College Park, MD | $294,467,482 | $83,272,367 |
American Society Of Civil Engineers Reston, VA | $80,247,990 | $62,671,354 |
American Society For Microbiology Washington, DC | $150,116,878 | $47,169,263 |
Society For Science And The Public Washington, DC | $102,112,945 | $28,541,247 |
National Mining Association Washington, DC | $46,237,284 | $38,836,744 |
American Society For Engineering Education Washington, DC | $9,064,314 | $18,727,509 |
Information Technology Industry Council Ltd Washington, DC | $23,400,672 | $20,714,529 |
The Computing Research Association Inc Washington, DC | $7,343,840 | $10,008,552 |
American Society For Biochemistry And Molecular Biology Inc Rockville, MD | $126,574,647 | $17,687,280 |
American Association Of Physicists In Medicine Alexandria, VA | $31,609,322 | $9,947,196 |