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Ocean Exploration Trust INC

Public charityFed auditsIRS 990
Environment · NEW LONDON, CT · EIN 83-0488383

About

Advance the emerging fields of ocean exploration and archaelogical oceanography through CO-sponsoring and supporting DEEP SEA expeditions and supporting the development of advanced technology required by DEEP SEA expeditions. Furthering public interest and scientific research in the fields of ocean exploration and archaelogical oceanography through the support of real-time educational programming and dissemination of DEEP SEA expedition research through a variety of educational outreach efforts.

Donations are tax-deductible
Category
Environment
Employees
18
Volunteers
62

Financial Snapshot

FY ending 2022-12-31
Revenue
$13.5M
Expenses
$14.4M
Assets
$12.8M
Liabilities
$5.3M

Financial history

$14.4M$7.2M$0
16171819202122
RevenueExpenses
Latest FY2022: $13.5M · Avg: $11.1M

Foreign activity (Schedule F)

Total spent abroad$2.1M
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
IRELAND
CANADA
UNITED KINGDOM
OMAN
SPAIN
ENGLAND
NEW ZEALAND

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
Lobbying
$100K
Grants Given
OCEAN EXPLORATION TRUST INC
Your actions

Address

613 Williams ST
New London, CT, 06320-413

Governance

Voting board members12
Independent members11
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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