Ocean Exploration Trust Inc

Organization Overview

Ocean Exploration Trust Inc is located in New London, CT. The organization was established in 2008. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2021, Ocean Exploration Trust Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Exploration Trust 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, Ocean Exploration Trust Inc generated $11.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $13.0m during the year ending 12/2021. While expenses have increased by 3.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ADVANCE THE EMERGING FIELDS OF OCEAN EXPLORATION AND ARCHAELOGICAL OCEANOGRAPHY THROUGH CO-SPONSORING AND SUPPORTING DEEP SEA EXPEDITIONS AND SUPPORTING THE DEVELOPMENT OF ADVANCED TECHNOLOGY REQUIRED BY DEEP SEA EXPEDITIONS. FURTHERING PUBLIC INTEREST AND SCIENTIFIC RESEARCH IN THE FIELDS OF OCEAN EXPLORATION AND ARCHAELOGICAL OCEANOGRAPHY THROUGH THE SUPPORT OF REAL-TIME EDUCATIONAL PROGRAMMING AND DISSEMINATION OF DEEP SEA EXPEDITION RESEARCH THROUGH A VARIETY OF EDUCATIONAL OUTREACH EFFORTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2021, OET COMPLETED A 5-MONTH FIELD SEASONCONSISTING OF 11 EXPEDITIONS IN THE PACIFIC ABOARD E/V NAUTILUS FOR A TOTAL OF 133 OPERATIONAL DAYS AT SEA. THE E/VNAUTILUSBEGAN ITS 2021 FIELD SEASON WITHA SHAKEDOWNEXPEDITION OFF THE COAST OF SAN PEDRO, CALIFORNIA, AND THENEXPLORED THE WATERS ALONG THE NORTH AMERICAN WEST COAST FROM BRITISH COLUMBIA TO SOUTHERN CALIFORNIA AND WEST TO THE HAWAIIAN ISLANDS AND PAPAHANAUMOKUAKEA MARINE NATIONAL MONUMENT.EXPEDITIONS FOCUSED PRIMARILY ON SEAFLOOR MAPPING AND EXPLORATION OFF THE US WEST COAST AND HAWAII, TESTING EMERGING OCEAN EXPLORATION TECHNOLOGIES OFF CALIFORNIA, AND WORK IN SUPPORT OF OCEAN NETWORKS CANADA'S CABLED OCEAN OBSERVATORY OFF THE CANADIAN WEST COAST.EXPEDITION SPONSORS INCLUDED NOAA OCEAN EXPLORATION VIA THE OCEAN EXPLORATION COOPERATIVE INSTITUTE, WITH ADDITIONAL SUPPORT FROM NOAA OFFICE OF NATIONAL MARINE SANCTUARIES,NASA, HARVARD UNIVERSITY, WOODS HOLE OCEANOGRAPHIC INSTITUTION, NATIONAL OCEANOGRAPHIC PARTNERSHIP PROGRAM, AND OCEAN NETWORKS CANADA.THROUGHOUT THE PLANNING AND EXECUTION OF EXPEDITIONS, OET WORKED CLOSELY WITH FEDERAL AND STATE GOVERNMENT AGENCIES, AND THE SCIENTIFIC COMMUNITY TO ENSURE THAT EXPEDITION ACTIVITIES ADDRESS SCIENCE AND MANAGEMENT PRIORITIES. EXPEDITIONSTOOK ADVANTAGE OF E/V NAUTILUS' TELEPRESENCE CAPABILITIES AND INCLUDED EXTENSIVE EDUCATION AND OUTREACH ACTIVITIES TO REACH BROAD AUDIENCES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Dr Robert Ballard
President
$495,258
Allison Fundis
Coo/bot Secr
$238,639
Denise H Armstrong
Cfo/treasure
$232,033
Nicole Raineault
Chief Scient
$132,533
Robert Waters
Rov Pilot/ma
$131,481
Richard Darling
Controller
$118,256

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Berg Maritime Management
Vessel Mgmt
$1,815,242
Ocean Dynamics Inc
Rov Consult
$364,102
University Of Rhode Island
Telepresence
$156,192
Mci International Inc
Satellite
$458,777
Daniel Cormany
Rov Pilot
$122,728
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $9,472,393
All other contributions, gifts, grants, and similar amounts not included above$570,847
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,043,240
Total Program Service Revenue$1,730,880
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 $11,787,296

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Ocean Exploration Trust Inc has recieved totaling $352,490.

Awarding OrganizationAmount
National Marine Sanctuary Foundation

Silver Spring, MD

PURPOSE: EXPLORATION EDUCATION RESOURCES DEVELOPMENT

$168,162
Philip Stephenson Foundation

Alexandria, VA

PURPOSE: OCEAN EXPLORATION

$100,000
Dau Family Foundation

Cambridge, MA

PURPOSE: CONSERVATION AND EDUCATION

$67,647
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Environment

$10,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$6,663
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$18
View Grant Recipient Profile

Create an account to unlock the data you need.

or