Nonprofit screen
Screen a listOcean Exploration Trust Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Registered
- Charity type
- 509(a)(1)
$19Mrevenue
FY2024 · +64% in 3 yrs19staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin14.5%
Months of reserve0.3mo
Revenue growth (annualized)+9.0%
Middle half of peersMedianOcean Exploration
Where the money goes FY2024 · $16M spent
Programs$13M80%Management and general$3.1M19%Fundraising$156k1%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$922k in FY2022 and −$521k in FY2023. Cash covers 0.3 months, under the peer median of 4.6.
990 Part I and balance sheetIn its favor2
Strong governance
12 of 13 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIA history of government grants
Government grants on 8 of its 8 returns, 63% of revenue in FY2024. $37M is traced federal awards from Department of Commerce.
990 Part VIII · USAspending17funders
$1.7Ma year, last 3 years
79%from its largest funder
Funder’17’18’19’20’21’22’23Ocean Mokum FoundationNew in FY2023$4.0MNational Marine Sanctuary FoundationOn and off$880k$349k$168k$131kPhilip Stephenson FoundationOn and off$100k$100k$100k$100k$100k$100kThe Robert & Margaret Patricelli Family FoundationStopped after FY2022$100k$50k–National Geographic SocietyStopped after FY2019$50k$50k–Altasea at the Port of Los AngelesOn and off$40k$50kDonor-advised giftsDonors not disclosed$263k$7k$27$87k$7k$50k4 other fundersUp to $68k a year each$20k$93k$50k
FundedThrough a donor-advised fundStopped