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Nonprofiteer
← OCEAN EXCHANGE INC

Form 990 for tax year 2025

Filed by OCEAN EXCHANGE INC.

Totals

Total revenue
$745,244
Total expenses
$253,734
Contributions and grants received
$745,244
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$246,352
Management and general expenses
$7,382
Fundraising expenses
$0
Program service expenses (Part III)
$246,352

Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $745,244

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $62,500 · program services $59,375 · management and general $3,125

  • 7 · Other salaries and wages

    total $40,461 · program services $38,438 · management and general $2,023

  • 10 · Payroll taxes

    total $8,366 · program services $7,948 · management and general $418

  • 11g · Fees: other

    total $2,422 · program services $2,422

  • 17 · Travel

    total $22,290 · program services $22,290

  • 19 · Conferences, conventions and meetings

    total $81,368 · program services $81,368

  • 24a · Other expenses: 1099 CONTRACTS PERSONNE

    total $29,465 · program services $27,992 · management and general $1,473

  • 24b · Other expenses: WEBSITE

    total $6,440 · program services $6,118 · management and general $322

  • 24c · Other expenses: BANK FEES

    total $422 · program services $401 · management and general $21

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $90,583 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 25 · Other liabilities

    beginning of year $3,067 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $87,516 · end of year $0

Mission and programs · 2025

Mission

TO HELP ACCELERATE THE ADOPTION OF INNOVATIVE SOLUTIONS FROM START UP COMPANIES, ALL IN SUPPORT OF HEALTHY OCEANS, RESILIENT COASTLINES, AND SUSTAINABLE SHIPPING.

Activities or mission (Part I)

TO HELP ACCELERATE THE ADOPTION OF INNOVATIVE SOLUTIONS FROM START UPCOMPANIES, ALL IN SUPPORT OF HEALTHY OCEANS, RESILIENT COASTLINES, ANDSUSTAINABLE SHIPPING.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $246,352

  • Withheld by Nonprofiteer: this text may name a private individual.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • ANGUS LITTLEJOHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • CATHY J SAKAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • IRENE REYNOLDS SCHIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • WILLIAM BRENNAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • ANN CARPENTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • CHARLES HINNANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • BILL MALARKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • PHIL PURCELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • VITTORIO LACAGNINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • DAVE SOBEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • VIKRAM AGRAWAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • BRIAN SORENSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • BILL MERZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • MILLICENT PITTS

    CEO/EXECUTIVE DIRECT

    Total calculated
    $62,500
    From this org
    $62,500
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2025
Filed
28 May 2026
IRS schema version
2025v4.1
Source object
202611919349300931

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