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Nonprofiteer
← OCEANX EDUCATION INC

Form 990 for tax year 2024

Filed by OCEANX EDUCATION INC.

Totals

Total revenue
$3,352,968
Total expenses
$1,945,153
Contributions and grants received
$3,342,290
Grants paid
$0
Program service revenue
$0
Investment income
$10,678
Other revenue
$0
Total assets, end of year
$1,869,615
Total liabilities, end of year
$461,800
Net assets or fund balances, end of year
$1,407,815
Program services expenses (Part IX)
$1,761,227
Management and general expenses
$29,395
Fundraising expenses
$154,531
Program service expenses (Part III)
$1,761,227

Program services were 90.5% 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.

  • 1d · Related organizations

    $2,092,290

  • 1f · All other contributions, gifts and grants

    $1,250,000

  • 1g · Noncash contributions included above

    $2,092,290

  • 3 · Investment income

    total $10,678 · excluded $10,678

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $38,126 · program services $19,063 · management and general $19,063

  • 11c · Fees: accounting

    total $6,880 · program services $5,160 · management and general $1,720

  • 11g · Fees: other

    total $780,573 · program services $749,573 · fundraising $31,000

  • 13 · Office expenses

    total $34,606 · program services $25,994 · management and general $8,612

  • 14 · Information technology

    total $294,226 · program services $294,226

  • 17 · Travel

    total $117,412 · program services $117,412

  • 22 · Depreciation, depletion and amortization

    total $56,058 · program services $56,058

  • 23 · Insurance

    total $25,212 · program services $25,212

  • 24a · Other expenses: VESSEL FUEL & MAINT.

    total $268,651 · program services $268,651

  • 24b · Other expenses: COMMUNITY OUTREACH

    total $148,742 · program services $25,211 · fundraising $123,531

  • 24c · Other expenses: MEDIA PRODUCTION

    total $121,229 · program services $121,229

  • 24d · Other expenses: VESSEL MEALS & TRAVEL

    total $34,970 · program services $34,970

  • 24e · All other expenses

    total $18,468 · program services $18,468

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $756,158

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $500,000

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

    $667,363

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

    $56,058

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $611,305

  • 15 · Other assets

    beginning of year $0 · end of year $2,152

  • 25 · Other liabilities

    beginning of year $0 · end of year $461,800

  • 27 · Net assets without donor restrictions

    end of year $818,042

  • 28 · Net assets with donor restrictions

    end of year $589,773

Mission and programs · 2024

Mission

OCEANX EDUCATION'S MISSION IS TO INSPIRE AND NURTURE THE NEXT GENERATION OF PASSIONATE OCEAN LEADERS TO PROTECT, PRESERVE AND HARNESS OUR OCEANS FOR SOCIAL AND ENVIRONMENTAL IMPACT. OCEANX EDUCATION IS A NON-PROFIT INITIATIVE OFFERING YOUNG PEOPLE INSIGHTS INTO THE IMPORTANCE OF OCEAN CONSERVATION, RESEARCH, AND STORYTELLING THROUGH HANDS-ON EXPERIENCE AND BEHIND-THE-SCENES OPPORTUNITIES.

Activities or mission (Part I)

OCEANX EDUCATION'S MISSION TO INSPIRE AND NURTURE THE NEXT GENERATION OF PASSIONATE OCEAN LEADERS TO PROTECT, PRESERVE AND HARNESS OUR OCEANS FOR SOCIAL AND ENVIRONMENTAL IMPACT. OCEANX EDUCATION IS A NON-PROFIT INITIATIVE OFFERING YOUNG PEOPLE INSIGHTS INTO THE IMPORTANCE OF OCEAN CONSERVATION, RESEARCH, AND STORYTELLING THROUGH HANDS-ON EXPERIENCE AND BEHIND-THE-SCENES OPPORTUNITIES.

  • MISSION & PROGRAMMATIC DEVELOPMENT: DURING THE INITIAL YEAR, THE ORGANIZATION ENGAGED IN STRATEGIC PLANNING AND PROGRAM DESIGN TO ESTABLISH ITS CORE PROGRAMMATIC FRAMEWORK. THESE ACTIVITIES LAID THE FOUNDATION FOR FUTURE PROGRAM DELIVERY ALIGNED WITH ITS EXEMPT PURPOSE.

    Expenses $687,418

  • ON SHIP PROGRAMMING: PROMOTE OCEAN EDUCATION AND CONSERVATION BY CREATING ENGAGING OPPORTUNITIES ABOARD THE STATE-OF-ART RESEARCH VESSEL OCEANXPLORER FOR STUDENTS, COMMUNITY MEMBERS, AND OTHERS TO LEARN ABOUT OCEAN PRESERVATION, RESEARCH, AND MORE.REFER TO SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS

    Expenses $601,728

  • DIGITAL EDUCATION: CREATE AND DISSEMINATE CAPTIVATING EDUCATIONAL CONTENT USING THE STATE-OF-ART OCEAN RESEARCH VESSEL TO REACH BROAD AUDIENCES WITH ENGAGING AND INTERACTIVE CONTENT INCLUDING DOCUMENTARIES, SOCIAL CONTENT, VR AND XR EXPERIENCES, AND MORE.REFER TO SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS

    Expenses $472,081

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gretchen Wagner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • James Schwab

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Matthew Dalio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4.5 related

  • Mark Dalio

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • David Belt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MP TRUST (AND ITS SUBSIDIARIES OR CONTROLLED ENTITIES)

    T · PHILANTHROPIC SUPPORT · JE

  • OX SG MEMBER CORP (& SUBSIDIARIES OR CONTROLLED ENTITIES)

    C · PHILANTHROPIC SUPPORT · DE

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349312645

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