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OCEAN EXPLORATION TRUST INC

EIN 83-0488383 NEW LONDON, CT

Revenue 2024
$19,281,365
Expenses 2024
$16,494,077

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
C05
Classification
2100
Street
613 WILLIAMS ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • DR ROBERT BALLARD

    PRESIDENT

    Total calculated
    $669,456
    From this org
    $581,000
    From related orgs
    $0
    Other
    $88,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $581,000
    Bonus
    $0
    Other
    $0
    Deferred
    $85,984
    Nontaxable benefits
    $2,472
    Filer's total
    $669,456
  • ROBERT PATRICELLI

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • LARRY MAYER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • ARTHUR HOUSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JACQUELINE HOLLISTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOHN CULBERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • VICKI PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DR ENRIC SALA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • KRISTIN RECHBERGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BARBARA SMIT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • NEIL SMIT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ELIZABETH LINDSAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • PHIL STEPHENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DENISE H ARMSTRONG

    CFO/TREASURER

    Total calculated
    $274,174
    From this org
    $237,517
    From related orgs
    $0
    Other
    $36,657
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,517
    Bonus
    $0
    Other
    $0
    Deferred
    $32,152
    Nontaxable benefits
    $4,505
    Filer's total
    $274,174
  • ALLISON FUNDIS

    COO/BOT SECRETARY

    Total calculated
    $500,989
    From this org
    $432,616
    From related orgs
    $0
    Other
    $68,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $432,616
    Bonus
    $0
    Other
    $0
    Deferred
    $59,000
    Nontaxable benefits
    $9,373
    Filer's total
    $500,989
  • DANIEL WAGNER

    CHIEF SCIENTIST

    Total calculated
    $178,950
    From this org
    $156,470
    From related orgs
    $0
    Other
    $22,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,470
    Bonus
    $0
    Other
    $0
    Deferred
    $4,953
    Nontaxable benefits
    $17,527
    Filer's total
    $178,950
  • ROBERT WATERS

    ROV PILOT/MANAGER

    Total calculated
    $167,472
    From this org
    $153,835
    From related orgs
    $0
    Other
    $13,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,835
    Bonus
    $0
    Other
    $0
    Deferred
    $4,600
    Nontaxable benefits
    $9,037
    Filer's total
    $167,472
  • MATTHEW KOSKELA

    DIRECTOR DATA SYSTEMS

    Total calculated
    $165,756
    From this org
    $154,868
    From related orgs
    $0
    Other
    $10,888
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,868
    Bonus
    $0
    Other
    $0
    Deferred
    $4,680
    Nontaxable benefits
    $6,208
    Filer's total
    $165,756
  • RICHARD DARLING

    CONTROLLER

    Total calculated
    $156,607
    From this org
    $138,109
    From related orgs
    $0
    Other
    $18,498
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,109
    Bonus
    $0
    Other
    $0
    Deferred
    $4,464
    Nontaxable benefits
    $14,034
    Filer's total
    $156,607
  • JANICE MEAGHER

    EXECUTIVE ASSISTANT

    Total calculated
    $142,002
    From this org
    $135,278
    From related orgs
    $0
    Other
    $6,724
    Hours/week
    40
  • DEREK SOWERS

    SCIENTIST

    Total calculated
    $140,818
    From this org
    $124,741
    From related orgs
    $0
    Other
    $16,077
    Hours/week
    40
  • MEGAN COOK

    EDUCATION DIRECTOR

    Total calculated
    $119,831
    From this org
    $114,372
    From related orgs
    $0
    Other
    $5,459
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $19,281,365
    Expenses
    $16,494,077
    Contributions
    $16,678,700
    Grants paid
    $0
  • 2023
    Revenue
    $14,982,503
    Expenses
    $15,503,963
    Contributions
    $12,647,875
    Grants paid
    $0
  • 2022
    Revenue
    $13,454,946
    Expenses
    $14,376,842
    Contributions
    $11,380,622
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.