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Nonprofiteer
← OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION

Form 990 for tax year 2024

Filed by OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION.

Totals

Total revenue
$33,475,838
Total expenses
$44,330,644
Contributions and grants received
$27,432,225
Grants paid
$2,592,290
Program services expenses (Part IX)
$43,259,907
Management and general expenses
$1,070,737
Fundraising expenses
$0
Program service expenses (Part III)
$43,259,907

Program services were 97.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARK DALIO

    DIRECTOR, SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • MATTHEW DALIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4.5 related

  • JANINE RACANELLI

    DIRECTOR EX OFFICIO, PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • GRETCHEN WAGNER

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

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 — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

None.

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

The filer's explanations (Part III)

SCHEDULE J, SUPPLEMENTAL DISCLOSURE:
ALTHOUGH MARK DALIO RECEIVES NO COMPENSATION FOR HIS ROLES AS DIRECTOR, SECRETARY & TREASURER, HE DID RECEIVE COMPENSATION IN 2024 ($323,855) FROM MARINO MANAGEMENT, AN UNRELATED ORGANIZATION, FOR OTHER SERVICES PROVIDED TO MARINO MANAGEMENT.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349313660

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