Skip to content
Nonprofiteer
← OCEAN EXPLORATION TRUST INC

Form 990 for tax year 2023

Filed by OCEAN EXPLORATION TRUST INC.

Totals

Total revenue
$14,982,503
Total expenses
$15,503,963
Contributions and grants received
$12,647,875
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$12,498,072
Management and general expenses
$2,860,715
Fundraising expenses
$145,176
Program service expenses (Part III)
$12,498,072

Program services were 80.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR ROBERT BALLARD

    PRESIDENT

    Total calculated
    $642,085
    From this org
    $579,716
    From related orgs
    $0
    Other
    $62,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $429,716
    Bonus
    $150,000
    Other
    $0
    Deferred
    $59,900
    Nontaxable benefits
    $2,469
    Filer's total
    $642,085

  • ROBERT PATRICELLI

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • LARRY MAYER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR HOUSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACQUELINE HOLLISTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER GIRGUIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN CULBERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VICKI PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR ENRIC SALA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN RECHBERGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARBARA SMIT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NEIL SMIT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH LINDSAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHIL STEPHENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENISE H ARMSTRONG

    CFO/TREASURER

    Total calculated
    $450,448
    From this org
    $408,882
    From related orgs
    $0
    Other
    $41,566
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $361,182
    Bonus
    $47,700
    Other
    $0
    Deferred
    $32,282
    Nontaxable benefits
    $9,284
    Filer's total
    $450,448

  • ALLISON FUNDIS

    COO/BOT SECRETARY

    Total calculated
    $423,378
    From this org
    $379,091
    From related orgs
    $0
    Other
    $44,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,091
    Bonus
    $75,000
    Other
    $0
    Deferred
    $34,900
    Nontaxable benefits
    $9,387
    Filer's total
    $423,378

  • DANIEL WAGNER

    CHIEF SCIENTIST

    Total calculated
    $179,427
    From this org
    $156,856
    From related orgs
    $0
    Other
    $22,571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,856
    Bonus
    $0
    Other
    $0
    Deferred
    $5,105
    Nontaxable benefits
    $17,466
    Filer's total
    $179,427

  • ROBERT WATERS

    ROV PILOT/MANAGER

    Total calculated
    $166,545
    From this org
    $152,951
    From related orgs
    $0
    Other
    $13,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,951
    Bonus
    $0
    Other
    $0
    Deferred
    $4,604
    Nontaxable benefits
    $8,990
    Filer's total
    $166,545

  • MATTHEW KOSKELA

    DIRECTOR DATA SYSTEMS

    Total calculated
    $160,459
    From this org
    $153,624
    From related orgs
    $0
    Other
    $6,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,624
    Bonus
    $0
    Other
    $0
    Deferred
    $4,230
    Nontaxable benefits
    $2,605
    Filer's total
    $160,459

  • RICHARD DARLING

    CONTROLLER

    Total calculated
    $151,989
    From this org
    $133,672
    From related orgs
    $0
    Other
    $18,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,672
    Bonus
    $0
    Other
    $0
    Deferred
    $4,325
    Nontaxable benefits
    $13,992
    Filer's total
    $151,989

  • JANICE MEAGHER

    EXECUTIVE ASSISTANT

    Total calculated
    $128,122
    From this org
    $121,311
    From related orgs
    $0
    Other
    $6,811
    Hours/week
    40

  • DEREK C SOWERS

    MAPPING OPERATIONS MANAGER

    Total calculated
    $147,755
    From this org
    $124,909
    From related orgs
    $0
    Other
    $22,846
    Hours/week
    40

  • MEGAN D COOK

    EDUCATION/OUTREACH DIRECTOR

    Total calculated
    $123,488
    From this org
    $117,983
    From related orgs
    $0
    Other
    $5,505
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • OET LLC

    HOLDING · SC · income $0 · assets $5,165,471

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349313754

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.