Maryland · Nonprofit
OCEANTIC NETWORK INC
OCEANTIC NETWORK INC (Maryland) receives grants from 7 organizations whose IRS filings report $974,849 to it, the largest being UNITED STATES ENERGY FOUNDATION ($594,763). 3 of them have funded it in more than one year.
- Revenue FY2024
- $12M
- Funders on record
- 7
- Grants received
- $975k
- Net assets
- $8.8M
What Oceantic Network Inc does
Mission
The purpose of the organization is to expand public and private sector knowledge, expertise and contacts for the offshore wind industry so that they may participate in the global offshore wind supply chain and maximize member participation in the development, construction, maintenance and operation of the offshore wind industry and complimentary based projects.
As stated on its FY2024 Form 990.
Programs
The organization's goal is for the united states to have a strong offshore wind supply chain that has a leading role in the evolving global offshore wind industry. The organization facilitates networking opportunities alongside its educational initiatives and with smaller educational and networking events. The size and complexity of offshore wind projects creates opportunities for many industries. By collaborating across industry sectors, businesses are able to offer a wider range of products and services in one location. Through collaboration, businesses are able to become more competitive in the global offshore wind market. The organization brings together member businesses, developers, policy makers, national and international experts, and economic development agencies for unprecedented knowledge sharing and relationship building and cluster forming opportunities.
$4,493,924 spent$8,558,092 earned by the program55% of program spendingBusiness network for offshore wind is using its educational initiatives: international educational tours, exchanges with international governments, webinars, annual meetings and its annual international partnering forum to educate on the topic of offshore wind. The organization brings together top developers, policymakers, global experts, and local member businesses in structured settings to provide technical training and expertise. Its goal is to educate and to advance the development of the offshore wind industry and create a competitive united states supply chain.
$2,355,799 spent$2,555,446 earned by the program29% of program spendingThe organization conducts studies and supports research to advance the development of offshore wind and marine offshore renewable energy. In conjunction with maryland community colleges, the organization has surveyed the education and training needs of maryland workers to accommodate a developing offshore wind industry. The organization has facilitated and participated in work force development grants based on the results of these surveys. As the development of offshore wind progresses, the network may support research of a more scientific nature, including research examining the impact of the development of offshore wind on the chesapeake bay, for example. Such research may be conducted in partnership with colleges and universities in the area and possibly involve their students as interns.
$1,362,538 spent$1,389,378 earned by the program17% of program spending
The 3 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $8,212,261.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $3.5M to $9.2M (+165%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 20% · 2018 19% · 2019 3% · 2020 3% · 2021 6% · 2023 5% · 2024 10%. Grants only. Government contracts and fees sit inside program revenue.
10% of OCEANTIC NETWORK INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (87% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Jay Borkland
Board chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $50k → $100k.
1 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of OCEANTIC NETWORK INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
OCEANTIC NETWORK INC leans on a few funders — its largest provides 61% of grant income and the top three 93%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
85% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund OCEANTIC NETWORK INC.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 79% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
OCEANTIC NETWORK INC draws 100% of its grant income from funders outside Maryland, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $86 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
OCEANTIC NETWORK INC has grown faster than three-quarters of the 329 environment nonprofits its size.
this organization peer median middle 50% of peers· 329 environment nonprofits $10M–$100M, FY2024
Government funding OCEANTIC NETWORK INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $337k on record.
- Department of Commerce$328k
- Department of Homeland Security$10k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like OCEANTIC NETWORK INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maryland
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
71% of spending goes to programs.
Governance
Public support
93%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for OCEANTIC NETWORK INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds OCEANTIC NETWORK INC?
- OCEANTIC NETWORK INC (Maryland) receives grants from 7 organizations whose IRS filings report $974,849 to it, the largest being UNITED STATES ENERGY FOUNDATION ($594,763). 3 of them have funded it in more than one year.
- How many funders does OCEANTIC NETWORK INC have?
- IRS filings report 7 organizations giving $974,849 in grants to OCEANTIC NETWORK INC, 3 of which have funded it in more than one year.
- Who is the largest funder of OCEANTIC NETWORK INC?
- UNITED STATES ENERGY FOUNDATION is the largest funder on record, with $594,763 in grants. The full list of funders is on this page.
- How can an organization like OCEANTIC NETWORK INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Oceantic Network →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing