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 12/2023, Ocean Exploration Trust Inc employed 18 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 12/2023, Ocean Exploration Trust Inc generated $15.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $15.5m during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


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
$579,716
Robert Patricelli
Chairman
$0
Larry Mayer
Vice Chairman
$0
Arthur House
Director
$0
Jacqueline Hollister
Director
$0
Peter Girguis
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Marlink
Satellite
$388,216
Berg Maritime Management
Vessel Mgmt
$1,891,717
Red River Resources Dba Navaide
Fuel
$580,548
Ocean Dynamics Inc
Remotely Operated Vehicles
$345,193
Gulf Agency Company
Cleopatra Project Survey Boat
$215,369
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $11,374,918
All other contributions, gifts, grants, and similar amounts not included above$1,272,957
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,647,875
Total Program Service Revenue$2,266,315
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 $14,982,503

Peer Organizations

Organization NameAssets
350 Org
Boston, MA
$19,587,115
Ocean Exploration Trust Inc
New London, CT
$14,982,503
Cary Institute Of Ecosystem Studies Inc
Millbrook, NY
$7,403,819
Action For The Climate Emergency Inc
Charlestown, MA
$8,049,901
Manomet Inc
Manomet, MA
$5,932,867
Center For Coastal Studies Inc
Provincetown, MA
$6,754,681
Specialized Consultative Union For Intergovernmental Organizations In
New York, NY
$4,363,851
B Team Headquarters Inc
New York, NY
$3,566,107
Coonamessett Farm Foundation Inc
East Falmouth, MA
$2,726,251
Environmental Advocates Ny Inc
Albany, NY
$2,217,159
Global Justice Ecology Project Inc
Randolph, NY
$1,914,273
Ausable River Association Inc
Wilmington, NY
$1,334,568
Upstate Freshwater Institute Incorporated
Syracuse, NY
$1,316,500
The Hudson Carbon Research Foundation Inc
Hudson, NY
$1,040,103
Climate Xchange Education And Research Inc
Boston, MA
$1,368,384
Ocean Alliance Inc
Gloucester, MA
$1,609,251
Accelerating Circularity Inc
Campbell Hall, NY
$1,085,091
Sustainability Laboratory Inc
New York, NY
$893,769
White Memorial Conservation Center Inc
Litchfield, CT
$851,889
Energy Vision
New York, NY
$755,168
Ltc Action Inc
New York, NY
$516,988
Influencemap Inc
New York, NY
$596,439
Tellus Institute Inc
Quincy, MA
$95,341
Climable Inc
Cambridge, MA
$628,535
Hudsonia Limited
Annandaleonhudson, NY
$325,733

Create an account to unlock the data you need.

or