NonprofitsMarine Technology Society Inc

Science & Technology

Marine Technology Society Inc

WASHINGTON, DC

Total revenue

$6.1M

Total expenses

$5.2M

Net assets

$9.2M

Grants received

$1.1M

14 grants

EIN

520805471

Tax year

2024

Mission

To promote awareness, understanding, advancement and application of marine technology.

Programs

7 programs

Education programming: Other educational programs supporting the organization's mission.

Expenses: $1.8MGrants: $102K

MATE ROV Competition: The MATE ROV Competition is an underwater robotics (aka remotely operated vehicle or ROV) challenge that engages a global community of learners each year. The MATE ROV Competition challenges students to apply math, electronics, engineering, and physics toward solving problems based on real-world workplace scenarios. The competition tasks students from K-12, community colleges and universities within five levels (EXPLORER, PIONEER, RANGER, NAVIGATOR, and SCOUT) to design, build and test underwater robots to complete specified, simulated real-world missions. Continued in Schedule O

Expenses: $439KGrants: $81K

Membership: Support and service to membersThe Society's members and member companies work in all aspects of marine technology including underwater imaging and engineering; underwater vehicle design and operation; ocean observation and exploration; oceanography and meteorology; diving; mooring technology; remote sensing; offshore structures; renewable energy; marine physical and cyber security; underwater archaeology; dynamic positioning; marine law and policy; and more.Membership in the Society creates opportunities through networking, events, mentorships, and career advancement.

Expenses: $294K

SeaMATE is an online store that offers beginning and intermediate underwater robotics kits, building guides and instructional materials aligned with standards, and other products that support the teaching, designing, and building of ROVs. Working at the SeaMATE store, student interns learn many aspects of running a business, from inventory to production, accounting, and product promotion, as they prepare for their future careers.

Expenses: $177K

Communications: provides news and information to members and the broader marine science and technology community on a variety of channels including newsletters, MTS's website, and social media.Currents is the Society's monthly digital newsletter, focusing on society-wide and industry news and events, business announcements and information, scientific briefs and articles, and member news.

Expenses: $189K

Publications: Distribution of ocean and marine technology literature and periodicalsThe Marine Technology Society Journal is the Society's flagship publication, which has been published under its current title since 1969. The Journal includes the highest caliber, peer-reviewed papers on subjects including marine technology, ocean science, marine policy, and more.

Expenses: $86K

Ocean Exchange: Ocean Exchange is a global ecosystem whose mission is to accelerate the adoption of innovative solutions for healthy oceans and the sustainable blue economy by providing monetary awards, connecting innovators with experts, and promoting breakthrough technologies through a global ecosystem.

Expenses: $4K

Financials

FY 2024

Revenue

Contributions & grants$3.0M
Program service revenue$2.1M
Investment income$648K
Other revenue$382K
Total revenue$6.1M

Expenses

Grants paid$428K
Salaries & benefits$1.8M
Fundraising
Other expenses$2.9M
Total expenses$5.2M
Total assets$10.4M
Net assets$9.2M

People

18 listed

NameRoleCompensation

Chris Ostrander

Chief Executive Officer

Board

$295K

40 hrs/wk

Josh Kohut

VP of Education

Board

1 hrs/wk

Debbi Kill

VP of Budget and Finance

Board

1 hrs/wk

Katharine Weathers

VP of Section Affairs

Board

1 hrs/wk

Steve Hall

VP of Publications & Communications

Board

1 hrs/wk

David Golden

VP of MATE

Board

1 hrs/wk

Susan Hunt

President

Board

1 hrs/wk

Jim Hanlon

VP of Research and Technology

Board

1 hrs/wk

William Brennan began 62724

VP of Ocean Exchange

Board

1 hrs/wk

Zdenka Willis ended 123124

Past President

Board

1 hrs/wk

Richard Crout ended 123124

VP of Section Affairs

Board

1 hrs/wk

Hannah Toerner began 112025

VP of ECOPs

Board

1 hrs/wk

Gerhard Kuska began 112025

President Elect

Board

1 hrs/wk

Justin Manley

Past President

Board

1 hrs/wk

Jerry Miller

VP of Government and Public Affairs

Board

1 hrs/wk

Jill Zande

MATE Executive Director

Staff

$159K

40 hrs/wk

Kristina Norman

Sr. Director of Operations & Events

Staff

$129K

40 hrs/wk

Claire Idell

Sr. Dir, Engagement/Member Relations

Staff

$116K

40 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$100K
MATE ROV Competition
2024
$55K
General Operating Support
2024
$50K
MATE ROV 2024 Competition and Championship
2024
$10K
OCEAN EXPLORATION VIDEO CHALLENGE
2024
$10K
OCEAN EXCHANGE - GUY HARVEY FOUNDATION COLLEGIATE AWARD
2024
$6K
Marine Technology Society Sponsorship - Oceans (Global) Student Poster Competition
2024
$6K
CONSERVATION
2024
$80K
OCEAN STEWARDSHIP AND RESEARCH
2023
$55K
General Operating Support
2023
$10K
OCEAN EXPLORATION USING AI
2023
$6K
MARINE TECHNOLOGY SOCIETY SPONSORSHIP OCEANS (GLOBAL) STUDENT POSTER COMPETITION
2023
$674K
Support for MATE ROV competition
2022
$6K
MARINE TECHNOLOGY SOCIETY SPONSORSHIP OCEANS (GLOBAL) STUDENT POSTER COMPETITION
2022
$6K
OCEANS (GLOBAL) 2020 STUDENT POSTER COMPETITION
2020

Funded by

$1.1M from 7 funders · 14 grants · 2020–2024

Mate Inspiration For Innovation

$674K · 1 grant · 2022

Schmidt Ocean Institute

$174K · 6 grants · 2020–2024

Motorola Solutions Foundation

$110K · 2 grants · 2023–2024

The Schmidt Family Foundation

$80K · 1 grant · 2023

National Marine Sanctuary Foundation

$20K · 2 grants · 2023–2024

Guy Harvey Ocean Fund Inc

$10K · 1 grant · 2024

Columbus Foundation

$6K · 1 grant · 2024

Details

EIN520805471
NTEE codeU21Z
Subsection03
Ruling date1969-08
Formed1963
Employees12
Volunteers175
MARINE TECHNOLOGY SOCIETY INC — Mission, Financials & Grants Received | Grantivo