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← OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION

Form 990 for tax year 2023

Filed by OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION.

Totals

Total revenue
$31,057,090
Total expenses
$38,267,548
Contributions and grants received
$20,086,326
Grants paid
$0
Program service revenue
$9,131,388
Investment income
$1,500,112
Other revenue
$339,264
Total assets, end of year
$191,404,347
Total liabilities, end of year
$131,985
Net assets or fund balances, end of year
$191,272,362
Program services expenses (Part IX)
$36,372,744
Management and general expenses
$1,894,804
Fundraising expenses
$0
Program service expenses (Part III)
$36,372,744

Program services were 95.0% 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

    $20,045,000

  • 1f · All other contributions, gifts and grants

    $41,326

  • 1g · Noncash contributions included above

    $40,346

  • 2a · Program service revenue: SOCIAL WELFARE CHARTER

    total $8,297,374 · related or exempt $8,297,374

  • 2b · Program service revenue: SOC WELFARE PRODUCTION

    total $834,014 · related or exempt $834,014

  • 3 · Investment income

    total $1,453,135 · excluded $1,453,135

  • 5 · Royalties

    total $29,264 · related or exempt $29,264

  • 6a · Gross rents

    personal property $310,000

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $310,000

  • 6d · Net rental income or loss

    total $310,000 · related or exempt $310,000

  • 7a · Gross sales of assets other than inventory

    other assets $46,977

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $46,977

  • 7d · Net gain or loss

    total $46,977 · excluded $46,977

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $1,505,432 · management and general $1,505,432

  • 11b · Fees: legal

    total $374,796 · program services $374,796

  • 11c · Fees: accounting

    total $211,000 · program services $18,209 · management and general $192,791

  • 11g · Fees: other

    total $12,924,914 · program services $12,924,914

  • 12 · Advertising and promotion

    total $906,457 · program services $906,457

  • 13 · Office expenses

    total $411,812 · program services $308,859 · management and general $102,953

  • 14 · Information technology

    total $1,616,510 · program services $1,616,510

  • 16 · Occupancy

    total $309,860 · program services $232,695 · management and general $77,165

  • 17 · Travel

    total $939,023 · program services $939,023

  • 22 · Depreciation, depletion and amortization

    total $11,383,814 · program services $11,383,814

  • 23 · Insurance

    total $1,441,625 · program services $1,427,832 · management and general $13,793

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

    total $4,000,076 · program services $4,000,076

  • 24b · Other expenses: VESSEL MEALS & TRAVEL

    total $984,974 · program services $984,974

  • 24c · Other expenses: COMMUNITY OUTREACH

    total $376,790 · program services $376,790

  • 24d · Other expenses: EQUIPMENT

    total $244,539 · program services $244,539

  • 24e · All other expenses

    total $635,926 · program services $633,256 · management and general $2,670

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,858,722 · end of year $45,401

  • 2 · Savings and temporary cash investments

    beginning of year $39,597,083 · end of year $33,985,731

  • 4 · Accounts receivable

    beginning of year $12,397 · end of year $0

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

    $192,201,273

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

    $35,122,243

  • 10c · Land, buildings and equipment, net

    beginning of year $155,671,815 · end of year $157,079,030

  • 14 · Intangible assets

    beginning of year $15,586 · end of year $5,196

  • 15 · Other assets

    beginning of year $440,338 · end of year $288,989

  • 17 · Accounts payable and accrued expenses

    beginning of year $113,121 · end of year $131,985

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $198,482,820 · end of year $191,272,362

Mission and programs · 2023

Mission

THROUGH A SERIES OF INTEGRATED PROGRAMS, OREF 1) SUPPORTS AND CONDUCTS SCIENTIFIC RESEARCH AND EXPLORATION OF THE EARTH'S OCEANS WITH A WORLD CLASS RESEARCH AND EXPLORATION SHIP AND PACKAGE OF EQUIPMENT, ENABLING SUCH SCIENTIFIC RESEARCH AND EXPLORATION AND 2) DOCUMENTS AND DISTRIBUTES MEDIA AND OTHER DOCUMENTATION HIGHLIGHTING THAT SCIENTIFIC RESEARCH AND EXPLORATION TO PROMOTE PUBLIC AWARENESS, ENGAGEMENT AND PROTECTION OF THE OCEANS AND THE DIVERSE COMMUNITIES THEY SUPPORT. OREF MAY CARRY OUT ITS SOCIAL WELFARE PURPOSES DIRECTLY OR IN CONJUNCTION WITH OTHER ORGANIZATIONS, ENTITIES OR PARTNERS.

Activities or mission (Part I)

THROUGH A SERIES OF INTEGRATED PROGRAMS, OREF 1) SUPPORTS AND CONDUCTS SCIENTIFIC RESEARCH & DISCOVERY OF THE EARTH'S OCEANS WITH A WORLD CLASS RESEARCH AND DISCOVERY SHIP AND PACKAGE OF EQUIPMENT ENABLING SUCH SCIENTIFIC RESEARCH AND DISCOVERY AND 2) CREATES AND DISTRIBUTES MEDIA AND OTHER DOCUMENTATION HIGHLIGHTING THAT SCIENTIFIC RESEARCH AND DISCOVERY TO PROMOTE PUBLIC AWARENESS, ENGAGEMENT AND PROTECTION OF THE OCEANS AND THE DIVERSE COMMUNITIES THEY SUPPORT. OREF MAY CARRY OUT ITS SOCIAL WELFARE PURPOSED DIRECTLY OR IN CONJUNCTION WITH OTHER ORGANIZATIONS, ENTITIES OR PARTNERS.

  • RESEARCH INITIATIVE: CONDUCT RESEARCH AND DISCOVERY OF THE EARTH'S OCEANS AND FOSTER AND PROMOTE PUBLIC AWARENESS, ADVOCACY, SCIENTIFIC DISCOVERY, AND ENGAGEMENT TO FOSTER GREATER STEWARDSHIP AND PROTECTION OF THE OCEANS. COLLABORATE WITH LEADING SCIENTIFIC, MEDIA AND PHILANTHROPIC ORGANIZATION TO FURTHER SCIENTIFIC DISCOVERY OF THE OCEANS AND THEIR PROTECTION. THROUGH THESE COLLABORATIONS, OREF HAS AND WILL CONTINUE TO SCIENTIFICALLY EXPLORE THE OCEANS AND SUPPORT THE DOCUMENTATION OF THOSE SCIENTIFIC EXPLORATIONS AND DISCOVERIES. REFER TO SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS.

    Expenses $31,726,288 · Revenue $8,607,374

  • EDUCATION, ENGAGEMENT, AND AWARENESS: ENGAGE IN AND SUPPORT EDUCATIONAL AND AWARENESS RAISING EFFORTS ON BEHALF OF OCEAN SCIENCE, PROTECTION, EXPLORATION AND STEWARDSHIP. ENGAGING AND EDUCATING AUDIENCES GLOBALLY BY CREATING EDUCATIONAL PROGRAMMING AND CAPTIVATING MEDIA IN MULTIPLE FORMATS AND ACROSS MULTIPLE CHANNELS ABOUT THE IMPORTANCE OF THE OCEANS AND THEIR PROTECTION, FOR THE BENEFIT OF PEOPLE GLOBALLY INCLUDING MARGINALIZED COMMUNITIES THAT DEPEND ON THE OCEAN FOR THEIR SUSTAINABILITY.REFER TO SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS.

    Expenses $4,646,456 · Revenue $863,278

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Dalio

    DIRECTOR, SECRETARY, TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2.75 related

  • Matthew Dalio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4.25 related

  • Janine Racanelli

    DIRECTOR EX OFFICIO, PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4.5 related

  • Gretchen Wagner

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 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, 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.

  • CHINA CARE FOUNDATION

    501(C)(3) · GRANTMAKING · CT · controlled entity

    Directly controlled by DALIO FAMILY FUND OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION

  • DALIO FAMILY FUND

    501(C)(4) · SOCIAL WELFARE · DE · controlled entity

    Directly controlled by DF OREF DFSL MP TRUST

  • DALIO FOUNDATION (SINGAPORE) LTD

    501(C)(4) · PHILANTHROPY · SN · controlled entity

    Directly controlled by DALIO FAMILY FUND OCEANOGRAPHIC RESEARCH & EXPLORATION FDN DALIO FDN

  • DALIO FOUNDATION INC

    501(C)(3) · GRANTMAKING · CT

    Directly controlled by DALIO FAMILY FUND

  • ENDLESS NETWORK INC

    501(C)(4) · TECH OPPORTUNITY & ACCESS · DE · controlled entity

    Directly controlled by DF BDF MMCA OREF

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • OCEANX MEDIA LLC

    NONPROFIT MEDIA COMPANY · NY · income $1,016,053 · assets $3,050,531

    Directly controlled by OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION

  • GREENWICH MARITIME SERVICES LLC

    HOLDING COMPANY FOR SCIENCE AND MEDIA VESSEL · CJ · income $5,209,007 · assets $173,698,856

    Directly controlled by OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION

  • MARINE 1 LLC

    HOLDING COMPANY FOR A HELICOPTER · CT · income $19,174 · assets $2,278,805

    Directly controlled by GREENWICH MARITIME SERVICES LTD

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SOUND HAVEN II LLC

    A DELAWARE LLC THAT HOLDS INVESTMENTS · DE

Related corporations and trusts

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

  • SOUNDS HAVEN (CAYMAN) LTD

    C · INVESTMENTS · CJ

  • MP TRUST

    T · PHILANTHROPIC SUPPORT · JE

  • DF GLOBAL

    C · INVESTMENTS · JE

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433209349318793

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