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Nonprofiteer
← OCEAN SCIENCE INTERNATIONAL INC

Form 990 for tax year 2022

Filed by OCEAN SCIENCE INTERNATIONAL INC.

Totals

Total revenue
-$37,003
Total expenses
$230,616
Contributions and grants received
$285,000
Grants paid
$0
Program service revenue
$295,117
Investment income
$19,307
Other revenue
-$636,427
Total assets, end of year
$1,645,562
Total liabilities, end of year
$8,994
Net assets or fund balances, end of year
$1,636,568
Program services expenses (Part IX)
$221,226
Management and general expenses
$9,390
Fundraising expenses
$0
Program service expenses (Part III)
$221,226

Program services were 95.9% 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

    $285,000

  • 1g · Noncash contributions included above

    $285,000

  • 2a · Program service revenue: Charter Income

    total $295,117 · related or exempt $295,117

  • 3 · Investment income

    total $19,307 · excluded $19,307

  • 10a · Gross sales of inventory

    $1,200,000

  • 10b · Cost of goods sold

    $1,804,428

  • 10c · Net income from sales of inventory

    total -$604,428 · related or exempt -$604,428

  • 11a · Other revenue: Realized Loss on Invest

    total -$31,999 · excluded -$31,999

  • 11e · Other revenue, total

    -$31,999

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $270 · program services $41 · management and general $229

  • 11c · Fees: accounting

    total $2,281 · program services $342 · management and general $1,939

  • 13 · Office expenses

    total $12,716 · program services $7,390 · management and general $5,326

  • 14 · Information technology

    total $5,734 · program services $4,874 · management and general $860

  • 16 · Occupancy

    total $3,346 · program services $3,346

  • 17 · Travel

    total $5,317 · program services $4,519 · management and general $798

  • 22 · Depreciation, depletion and amortization

    total $154,871 · program services $154,871

  • 23 · Insurance

    total $1,585 · program services $1,347 · management and general $238

  • 24a · Other expenses: SD Angler Warrior Vets

    total $14,000 · program services $14,000

  • 24b · Other expenses: Warriors on Wood

    total $9,372 · program services $9,372

  • 24c · Other expenses: Stem Elem

    total $4,792 · program services $4,792

  • 24d · Other expenses: Equipment Rental and Maint

    total $12,213 · program services $12,213

  • 24e · All other expenses

    total $4,119 · program services $4,119

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,742 · end of year $110,501

  • 2 · Savings and temporary cash investments

    beginning of year $4,684 · end of year $62,748

  • 3 · Pledges and grants receivable

    beginning of year $325,000 · end of year $325,000

  • 8 · Inventories for sale or use

    beginning of year $648,000 · end of year $140,000

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

    $1,169,103

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

    $421,885

  • 10c · Land, buildings and equipment, net

    beginning of year $763,517 · end of year $747,218

  • 11 · Investments: publicly traded securities

    beginning of year $226,979 · end of year $260,095

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,368 · end of year $694

  • 24 · Unsecured notes and loans payable

    beginning of year $73,041 · end of year $8,300

  • 27 · Net assets without donor restrictions

    beginning of year $1,928,513 · end of year $1,636,568

Mission and programs · 2022

Mission

Public Benefit Service, Education and Research

  • SD Angler Warrior Vets

    Expenses $14,000

  • Warriors in the Wood

    Expenses $9,372

  • Stem Elem and TWCP HS Robotics

    Expenses $4,792

  • All Other Program Expenses

    Expenses $193,062

As filed on the 2022 return.

Listed in Part VII

  • Richard Korf

    Director

    Total calculated
    $0
    Hours/week
    2

  • Shawn DeWitt

    Director

    Total calculated
    $0
    Hours/week
    2

  • Allen Schwartz

    Director

    Total calculated
    $0
    Hours/week
    2

  • Rod Harvey

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Jon McMullen

    VP - Treasurer

    Total calculated
    $0
    Hours/week
    6

  • David McMullen

    President

    Total calculated
    $0
    Hours/week
    20

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
2022
Filed
4 October 2023
IRS schema version
2022v5.0
Source object
202323209349300217

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