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Nonprofits›Ocean Exploration Trust Inc

Environment

Ocean Exploration Trust Inc

NEW LONDON, CT

Website

Total revenue

$19.3M

Total expenses

$16.5M

Net assets

$9.8M

Grants received

$6.1M

21 grants

EIN

830488383

Tax year

2024

Mission

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.

Financials

FY 2024

Revenue

Contributions & grants$16.7M

Program service revenue$2.6M

Investment income—

Other revenue$23K

Total revenue$19.3M

Expenses

Grants paid—

Salaries & benefits$3.2M

Fundraising$156K

Other expenses$13.3M

Total expenses$16.5M

Total assets$12.1M

Net assets$9.8M

People

22 listed

NameRoleCompensation

DR ROBERT BALLARD

PRESIDENT

Board

$581K

40 hrs/wk

ALLISON FUNDIS

COO/BOT SECRETARY

Board

$433K

40 hrs/wk

DENISE H ARMSTRONG

CFO/TREASURER

Board

$238K

40 hrs/wk

NEIL SMIT

DIRECTOR

Board

—

1 hrs/wk

ELIZABETH LINDSAY

DIRECTOR

Board

—

1 hrs/wk

PHIL STEPHENSON

DIRECTOR

Board

—

1 hrs/wk

BARBARA SMIT

DIRECTOR

Board

—

1 hrs/wk

KRISTIN RECHBERGER

DIRECTOR

Board

—

1 hrs/wk

DR ENRIC SALA

DIRECTOR

Board

—

1 hrs/wk

VICKI PHILLIPS

DIRECTOR

Board

—

1 hrs/wk

JOHN CULBERSON

DIRECTOR

Board

—

1 hrs/wk

JACQUELINE HOLLISTER

DIRECTOR

Board

—

1 hrs/wk

ARTHUR HOUSE

DIRECTOR

Board

—

1 hrs/wk

LARRY MAYER

VICE CHAIRMAN

Board

—

1 hrs/wk

ROBERT PATRICELLI

CHAIRMAN

Board

—

1 hrs/wk

DANIEL WAGNER

CHIEF SCIENTIST

Staff

$156K

40 hrs/wk

MATTHEW KOSKELA

DIRECTOR DATA SYSTEMS

Staff

$155K

40 hrs/wk

ROBERT WATERS

ROV PILOT/MANAGER

Staff

$154K

40 hrs/wk

RICHARD DARLING

CONTROLLER

Staff

$138K

40 hrs/wk

JANICE MEAGHER

EXECUTIVE ASSISTANT

Staff

$135K

40 hrs/wk

DEREK SOWERS

SCIENTIST

Staff

$125K

40 hrs/wk

MEGAN COOK

EDUCATION DIRECTOR

Staff

$114K

40 hrs/wk

Independent contractors

BERG MARITIME MANAGEMENT

VESSEL MGMT

$2.4M

FLYING FISH EXHIBITS PTY LTD

MUSEUM TRAVELING EXHIBIT FABRICATION

$734K

OCEAN DYNAMICS INC

REMOTELY OPERATED VEHICLES

$450K

RED RIVER RESOURCES DBA NAVAIDE

FUEL

$427K

MARLINK

SATELLITE

$371K

Grants received

Showing 21 of 21

FromAmountPurposeYear

Silicon Valley Community Foundation

$25K

Environment

2024

OCEAN MOKUM FOUNDATION

$4M

TO SUPPORT VARIOUS PROJECTS

2023

PHILIP STEPHENSON FOUNDATION

$100K

OCEAN EXPLORATION

2023

TRACY AND GREG JOHNSON FOUNDATION INC

$50K

GENERAL SUPPORT

2023

NATIONAL MARINE SANCTUARY FOUNDATION

$131K

EDUCATION COLLABORATIONS FOR PACIFIC ISLANDS E/V NAUTILUS EXPEDITION

2022

PHILIP STEPHENSON FOUNDATION

$100K

OCEAN EXPLORATION

2022

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

$50K

For grant recipient's exempt purposes

2022

TRACY AND GREG JOHNSON FOUNDATION INC

$50K

GENERAL SUPPORT

2022

NETWORK FOR GOOD

$7K

UNRESTRICTED

2022

ENERSEN FOUNDATION

$5K

Explore theoceans

2022

NATIONAL MARINE SANCTUARY FOUNDATION

$168K

EXPLORATION EDUCATION RESOURCES DEVELOPMENT

2021

PHILIP STEPHENSON FOUNDATION

$100K

OCEAN EXPLORATION

2021

THE ROBERT & MARGARET PATRICELLI FAMILY

$50K

TO SUPPORT HIGHER EDUCATION

2021

NETWORK FOR GOOD

$7K

UNRESTRICTED

2021

ENERSEN FOUNDATION

$5K

Explore theoceans

2021

THE ROBERT & MARGARET PATRICELLI FAMILY

$100K

TO SUPPORT HIGHER EDUCATION

2020

PHILIP STEPHENSON FOUNDATION

$100K

OCEAN EXPLORATION

2020

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

$70K

For grant recipient's exempt purposes

2020

ALTASEA AT THE PORT OF LOS ANGELES

$50K

2018-2019 STEM EDUCATION TEACHER-TRAINING PROGRAM

2019

NATIONAL GEOGRAPHIC SOCIETY

$50K

Research

2018

NATIONAL MARINE SANCTUARY FOUNDATION

$880K

EXPLORATION EXPEDITIONS INTO SANCTUARIES WITH LIVE ONLINE EDUCATION COMPONENTS

2017

Funded by

$6.1M from 11 funders · 21 grants · 2017–2024

Ocean Mokum Foundation

$4M · 1 grant · 2023

National Marine Sanctuary Foundation

$1.2M · 3 grants · 2017–2022

Philip Stephenson Foundation

$400K · 4 grants · 2020–2023

The Robert & Margaret Patricelli Family

$150K · 2 grants · 2020–2021

Fidelity Investments Charitable Gift Fund

$120K · 2 grants · 2020–2022

Tracy And Greg Johnson Foundation Inc

$100K · 2 grants · 2022–2023

Altasea At The Port Of Los Angeles

$50K · 1 grant · 2019

National Geographic Society

$50K · 1 grant · 2018

Details

EIN830488383

NTEE codeC05

Subsection03

Ruling date2008-09

Formed2007

Employees19

Volunteers60