Ocean Medicine Foundation
- Assets
- $314.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 10/2002
- Data as of
- 12/2016
- EIN
- 71-0887757
Organization Overview
Ocean Medicine Foundation is located in Palo Alto, CA. The organization was established in 2002. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Medicine Foundation 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 12/2016, Ocean Medicine Foundation generated $127.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $50.8k during the year ending 12/2016. 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
2016
Describe the Organization's Program Activity:
Part 3
THE OCEAN MEDICINE FOUNDATION CURRENTLY WORKS ON NUMEROUS ISLANDS THROUGHOUT THE PACIFIC AND CARIBBEAN, INCLUDING YAP, POHNPEI, PALAU, AND HAITI. OUR MISSION IS TO PUT MEDICAL SOFTWARE ON THE ISLANDS FOR THE DOCTORS TO USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Newman Chairman | 20 | $0 | |
Benjamin Berg Board Member | 10 | $0 | |
Ralph S Greco Board Member | 10 | $0 | |
D'arcy Myjer Board Member | 10 | $0 | |
Joshua Newman Board Member | 10 | $0 | |
Terrence F Blaschke Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,494 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $127,494 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $853 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,960 |
| Total expenses | $50,813 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $314,590 |
| Other assets | $0 |
| Total assets | $314,590 |
| Total liabilities | $0 |
| Net assets or fund balances | $314,590 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ocean Medicine Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Weave Inc Sacramento, CA | $13,914,949 | $13,834,479 |
California Housing Foundation Redlands, CA | $127,602,722 | $11,460,522 |
Medic Alert Foundation United States Inc Turlock, CA | $13,450,917 | $8,673,816 |
Technical Assistance Partnership Of Arizona Phoenix, AZ | $8,493,848 | $8,170,054 |
Silver State Health Services Las Vegas, NV | $4,142,806 | $6,877,372 |
Willamette Health Council Salem, OR | $2,326,042 | $6,667,856 |
George Mark Childrens Fund San Leandro, CA | $14,683,595 | $6,265,889 |
We Care Solar Berkeley, CA | $11,118,538 | $5,857,780 |
Noora Health San Francisco, CA | $51,920,130 | $52,257,405 |
California Coverage And Health Initiatives Sacramento, CA | $1,599,137 | $4,093,230 |
University Lab Partners Irvine, CA | $3,170,025 | $3,756,700 |
Nevada Primary Care Association Carson City, NV | $641,818 | $3,552,023 |