Ocearch
- Assets
- $349.8k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Park City, UT
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 80-0708997
Organization Overview
Ocearch is located in Park City, UT. The organization was established in 2012. According to its NTEE Classification (D30) the organization is classified as: Wildlife Preservation & Protection, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Ocearch employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocearch 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, Ocearch generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 21.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OCEARCH'S MISSION IS TO CONDUCT, SPONSOR, OR FUND RESEARCH AND EDUCATE AND INFORM THE PUBLIC ON SUSTAINABLE FISHERIES MANAGEMENT, THE IDENTIFICATION, REDUCTION AND PREVENTION OR MARINE DEBRIS, AND GENERALLY ISSUES AFFECTING THE OCEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCEARCH'S MISSION IS A DATA-CENTRIC ORGANIZATION WORKING TO PROVIDE SCIENTISTS WITH PREVIOUSLY UNATTAINABLE DATA THROUGH COLLABORATIVE OCEANIC RESEARCH EXPEDITIONS. THEY ACCELERATE THE OCEAN'S RETURN TO BALANCE AND ABUNDANCE THROUGH FEARLESS INNOVATIONS IN SCIENTIFIC RESEARCH, EDUCATION, OUTREACH, AND POLICY USING UNIQUE COLLABORATIONS OF INDIVIDUALS AND ORGANIZATIONS IN THE U.S AND ABROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Barton Treasurer | OfficerTrustee | 0.5 | $0 |
Stephanie Brown Acting Secre | OfficerTrustee | 0.5 | $0 |
Chris Fischer Chairman | OfficerTrustee | 16 | $0 |
Peter Bordes Vice Chairma | OfficerTrustee | 0.5 | $0 |
Michael Altman Director | Trustee | 0.5 | $0 |
Greg Schildwachter Ph D Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,210 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,299,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,342,057 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,342,057 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,912 |
| Fees for services: Accounting | $10,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,575 |
| Advertising and promotion | $205,070 |
| Office expenses | $808 |
| Information technology | $96,424 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,127 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $400 |
| Insurance | $3,262 |
| All other expenses | $0 |
| Total functional expenses | $1,274,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $31,617 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $591 |
| 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 | $175 |
| Total assets | $349,779 |
| Accounts payable and accrued expenses | $76,412 |
| 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 | $76,412 |
| Net assets without donor restrictions | $273,367 |
| 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 | $349,779 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Ocearch has recieved totaling $67,347.
| Awarding Organization | Amount |
|---|---|
Cumming Foundation Jackson, WY PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
Cumming Foundation Jackson, WY PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX PURPOSE: TO CONDUCT, SPONSOR, OR FUND RESEARCH ON SUSTAINABLE FISHERIES MANAGEMENT | $2,500 |
Woodward Family Charitable Foundaiton New York, NY PURPOSE: GENERAL SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,737 |
Shin Creek Tr Livingston Manor, NY PURPOSE: MARINE SCIENCE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mule Deer Foundation Clearfield, UT | $6,501,122 | $19,195,763 |
Rocky Mountain Butterfly Consortium Westminster, CO | $6,667,298 | $6,538,274 |
Safari Club International Foundation Tucson, AZ | $35,723,815 | $6,669,750 |
Idaho Fish And Wildlife Foundation Inc Boise, ID | $56,004,903 | $1,904,399 |
Teton Raptor Center Wilson, WY | $12,423,355 | $3,545,856 |
Wildlife Conservation Foundation Roosevelt, UT | $209,332 | $1,466,029 |
New Mexico Wildlife Federation Albuquerque, NM | $444,068 | $1,226,244 |
Round River Conservation Studies Salt Lake City, UT | $776,601 | $1,370,433 |
Ocearch Park City, UT | $349,779 | $1,342,057 |
Gorilla Rehabilitation And Conservation Education Grace Cente Niwot, CO | $1,178,295 | $1,192,799 |
Foundation For Wildlife Management Inc Ponderay, ID | $84,970 | $926,971 |
Africa Network For Animal Welfare- Usa Denver, CO | $19,759 | $766,312 |