Skip to content
Nonprofiteer
← OCEAN RESEARCH & CONSERVATION ASSOCIATION INC

Form 990 for tax year 2023

Filed by OCEAN RESEARCH & CONSERVATION ASSOCIATION INC.

Totals

Total revenue
$2,721,398
Total expenses
$2,342,687
Contributions and grants received
$2,666,034
Grants paid
$0
Program service revenue
$0
Investment income
$38,150
Other revenue
$17,214
Total assets, end of year
$4,245,697
Total liabilities, end of year
$949,442
Net assets or fund balances, end of year
$3,296,255
Program services expenses (Part IX)
$1,666,608
Management and general expenses
$403,692
Fundraising expenses
$272,387
Program service expenses (Part III)
$1,666,608

Program services were 71.1% 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.

  • 1e · Government grants (contributions)

    $1,820,215

  • 1f · All other contributions, gifts and grants

    $845,819

  • 1g · Noncash contributions included above

    $77,404

  • 3 · Investment income

    total $38,150 · unrelated business $0 · excluded $0

  • 11a · Other revenue: EDUCATIONAL INCOME

    total $17,214 · related or exempt $0 · unrelated business $0 · excluded $17,214

  • 11e · Other revenue, total

    $17,214

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $902,710 · program services $631,587 · management and general $200,056 · fundraising $71,067

  • 9 · Other employee benefits

    total $245,425 · program services $175,133 · management and general $50,488 · fundraising $19,804

  • 10 · Payroll taxes

    total $79,816 · program services $57,487 · management and general $16,000 · fundraising $6,329

  • 11g · Fees: other

    total $40,527 · program services $20,242 · management and general $16,672 · fundraising $3,613

  • 12 · Advertising and promotion

    total $88,640 · program services $2,945 · management and general $0 · fundraising $85,695

  • 14 · Information technology

    total $10,699 · program services $6,383 · management and general $3,110 · fundraising $1,206

  • 16 · Occupancy

    total $29,241 · program services $20,780 · management and general $8,281 · fundraising $180

  • 22 · Depreciation, depletion and amortization

    total $232,129 · program services $207,428 · management and general $24,701 · fundraising $0

  • 23 · Insurance

    total $22,225 · program services $15,997 · management and general $4,151 · fundraising $2,077

  • 24a · Other expenses: BANK FEES

    total $590 · program services $45 · management and general $515 · fundraising $30

  • 24b · Other expenses: UTILITIES

    total $12,236 · program services $3,822 · management and general $7,165 · fundraising $1,249

  • 24c · Other expenses: PROPERTY TAX

    total $11,620 · program services $0 · management and general $11,620 · fundraising $0

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $6,607 · program services $535 · management and general $403 · fundraising $5,669

  • 24e · All other expenses

    total $660,222 · program services $524,224 · management and general $60,530 · fundraising $75,468

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,842,072 · end of year $1,003,668

  • 2 · Savings and temporary cash investments

    beginning of year $92,555 · end of year $672,344

  • 4 · Accounts receivable

    beginning of year $164,649 · end of year $412,887

  • 8 · Inventories for sale or use

    beginning of year $18,117 · end of year $17,695

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,390 · end of year $27,843

  • 10a · Land, buildings and equipment: cost or other basis

    $3,992,119

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,880,859

  • 10c · Land, buildings and equipment, net

    beginning of year $1,381,963 · end of year $2,111,260

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,503 · end of year $40,207

  • 19 · Deferred revenue

    beginning of year $30,000 · end of year $155,937

  • 22 · Loans and payables to officers and key people

    beginning of year $445,963 · end of year $615,963

  • 25 · Other liabilities

    beginning of year $101,736 · end of year $137,335

  • 27 · Net assets without donor restrictions

    beginning of year $2,890,187 · end of year $3,263,969

  • 28 · Net assets with donor restrictions

    beginning of year $27,357 · end of year $32,286

Mission and programs · 2023

Mission

TO STUDY AND PROTECT MARINE ECOSYSTEMS

  • ORGANIZATION IS DEDICATED TO THE STUDY AND PROTECTION OF MARINE ECOSYSTEMS AND THE SPECIES THEY SUSTAIN THROUGH THE DEVELOPMENT OF INNOVATIVE TECHNOLOGIES AND SCIENCE BASED CONSERVATION ACTION.

    Expenses $1,666,608 · Revenue $2,698,392

As filed on the 2023 return.

Listed in Part VII

  • Mary Chapman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Wayne Mills

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Colin Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Barkett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Schinske

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Trudie Rainone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Ed Massey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Jones

    EMPLOYEE REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433239349301528

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.