Overview
What is Ocean Exploration Trust Inc?
Ocean Exploration Trust Inc, based in New London, Connecticut, is a nonprofit organization dedicated to advancing the fields of ocean exploration and archaeological oceanography. In 2022, they completed an 8-month field season, consisting of 11 expeditions and spending 202 days at sea. Their primary focus was on seafloor mapping, ROV explorations, testing emerging technologies, and a new shallow-water reef survey program. Sponsors included NOAA Ocean Exploration, the National Geographic Society, NOAA Office of National Marine Sanctuaries, and NOAA Office of Coast Survey via the Center for Coastal and Ocean Mapping/Joint Hydrographic Center. They worked closely with government agencies and the scientific community to ensure expedition activities addressed science and management priorities. The organization also offers extensive education and outreach programs to engage broad audiences in real-time, furthering public interest and scientific research in the fields of ocean exploration and archaeological oceanography.
Official website here: www.oceanexplorationtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Ocean Exploration Trust Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 96% in its Accountability & Finance category, reflecting strong governance and transparency practices. Notably, it has an independent board comprised of 91% independent members, which enhances its credibility and oversight capabilities.
The trust demonstrates sound financial management, with a program expense ratio of 82.68%, signifying that the majority of its expenditures are directed towards its mission-related activities. Additionally, it has no reported issues with material diversion of assets, and it upholds various policies related to conflict of interest and whistleblowing, showcasing its commitment to ethical operations.
Overall, Ocean Exploration Trust Inc's high ratings and independent oversight highlight its effectiveness in managing resources responsibly. However, as with any organization, potential donors should consider their specific interests and values when evaluating alignment with the trust's mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean Exploration Trust Inc legitimate?
Ocean Exploration Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Exploration Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,022,342
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,069,107
For more financial information, click here
Official website here: www.oceanexplorationtrust.org
What is the mission statement of Ocean Exploration Trust Inc?
Ocean Exploration Trust Inc is dedicated to advancing the fields of ocean exploration and archaeological oceanography. They accomplish this by co-sponsoring and supporting deep sea expeditions and promoting the development of advanced technology needed for such explorations. The organization plays a crucial role in fostering public interest and scientific research in these fields through real-time educational programming and the dissemination of deep sea expedition findings. Ocean Exploration Trust Inc's efforts extend beyond research, reaching various educational outlets to engage and inform the public about the discoveries made during these expeditions.
Official website here: www.oceanexplorationtrust.org
What is the revenue of Ocean Exploration Trust Inc?
Ocean Exploration Trust Inc's revenue in 2023 was $14,982,503.
Official website here: www.oceanexplorationtrust.org
Who are the executives of Ocean Exploration Trust Inc and what are their salaries?
The average compensation at Ocean Exploration Trust Inc during 2023 was $171,747. There are 18 employees and 25 volunteers at Ocean Exploration Trust Inc.
Here are 23 key members and their salaries:
- Compensation: $579,716
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- Other: $62,369
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- Compensation: $408,882
- Related: $0
- Other: $41,566
- Compensation: $379,091
- Related: $0
- Other: $44,287
- Compensation: $156,856
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- Other: $22,571
- Compensation: $152,951
- Related: $0
- Other: $13,594
- Compensation: $153,624
- Related: $0
- Other: $6,835
- Compensation: $133,672
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- Other: $18,317
- Compensation: $121,311
- Related: $0
- Other: $6,811
- Compensation: $124,909
- Related: $0
- Other: $22,846
- Compensation: $117,983
- Related: $0
- Other: $5,505
Official website here: www.oceanexplorationtrust.org
Where can I find the form 990 for Ocean Exploration Trust Inc?
Ocean Exploration Trust Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oceanexplorationtrust.org
Learn more at the official website: www.oceanexplorationtrust.org
Mission Statement of Ocean Exploration Trust Inc
Ocean Exploration Trust Inc, a pioneering organization, is dedicated to advancing the emerging fields of ocean exploration and archaeological oceanography. By co-sponsoring and supporting deep sea expeditions and technology development, this institution plays a pivotal role in expanding the boundaries of these interconnected fields. The organization's commitment extends beyond the realm of scientific discovery, as it also fosters public interest and fosters the dissemination of deep sea exploration research through various educational outreach efforts.
Through its mission, Ocean Exploration Trust Inc empowers the scientific community to delve into the uncharted depths of the ocean. By collaborating on deep sea expeditions and promoting the development of advanced technology necessary to explore these underwater realms, the Trust ensures the progression of knowledge in ocean exploration and archaeological oceanography. Furthermore, the organization's dedication to public engagement and education is a cornerstone of its mission. By supporting real-time educational programming and disseminating the findings of these expeditions, Ocean Exploration Trust Inc ensures that the wider population remains captivated and inspired by the discoveries made in the deep sea.
In essence, Ocean Exploration Trust Inc is a trailblazing nonprofit organization that is committed to pushing the boundaries of knowledge in the fields of ocean exploration and archaeological oceanography. By fostering collaboration, technological advancements, and public engagement, the Trust is at the forefront of advancing our understanding of the ocean and its rich history.
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Impact
October, 2024
Ocean Exploration Trust Inc significantly advances the fields of ocean exploration and archaeological oceanography by co-sponsoring and supporting deep-sea expeditions and developing the advanced technologies necessary for underwater research. In 2022, for example, the E/V Nautilus completed a robust eight-month field season that included 11 expeditions in the Central Pacific, totaling 202 days at sea. These expeditions focused on seafloor mapping, remote-operated vehicle (ROV) explorations, and integrating new exploration technologies, as well as conducting shallow-water reef surveys.
Collaborating closely with government agencies, scientific institutions, and organizations such as the National Geographic Society, the Trust ensures that expedition activities align with crucial scientific and management priorities. The incorporation of telepresence capabilities allows real-time educational programming that engages broad audiences, enhancing public interest and understanding of oceanographic science. Through its outreach efforts, Ocean Exploration Trust promotes the dissemination of knowledge gathered from deep-sea expeditions, fostering a greater appreciation and awareness of our oceans' depths and ecosystems while supporting ongoing scientific research.
This information is meant to be a general summary of Ocean Exploration Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $85,000
- Program Service Revenue: $2,266,315
- Gross Receipts: $14,982,503
Assets and Liabilities:
- Total Assets: $12,779,785
- Total Liabilities: $5,258,730
- Net Assets: $7,521,055
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARTER/EXPEDITION, EDUCATION
Revenue
$2,266,315
Organization Details
Founding Year
2007
Principal Officer
Dr Robert Ballard
NTEE Category
Code: C05 - Environment
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