Overview

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Est.

2012

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Global Foundation for Ocean Exploration Inc is a nonprofit organization dedicated to advancing marine science by empowering the global underwater science community with essential tools and expertise for deep-sea exploration. With an operating budget of $4.7 million and total revenue of $4.6 million in 2024, the organization relies on diverse funding sources, with no single funder providing more than 50% of its revenue. For more information, visit their website at www.engineeringfordiscovery.org.

Mission Statement

TO EMPOWER THE GLOBAL UNDERWATER SCIENCE COMMUNITY WITH THE TOOLS AND EXPERTISE REQUIRED TO EXPLORE THE GREATEST DEPTHS OF THE PLANET'S LARGEST AND DEEPEST BODIES OF WATER AND RETURN WITH DISCOVERIES THAT AMAZE AND INSPIRE A GLOBAL AUDIENCE.
Revenues
$4.6M
Expenses
$4.7M
Net Income:
-$79K
Assets
$1.8M
Liabilities
$174.2K
Net Assets:
+$1.6M
Operating Budget
$4.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$16K
Largest grant received
$20K
D
David Lovalvo
Board Member
M
Melissa Ryan
Board Member
H
Harlan Kredit
Board Member

Frequently Asked Questions

What is THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC’s budget?
In 2024, THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC reported an annual operating budget of around $4.7 million. More detailed financial information is available to registered users.
What causes does THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC support?
THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC supports work in Marine science.
Where does THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC operate?
THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC is headquartered in Mystic, CT.
Who funded THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC recently?
In 2018, THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC received grants from UNITED WAY WORLDWIDE, FIDELITY INVESTMENTS CHARITABLE GIFT FUND, and NATIONAL MARINE SANCTUARY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC received in 2018?
The largest grant to THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC in 2018 exceeds $20 thousand.
What is THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC’s reliance on government grants?
THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC relied on government grants for more than 95% of their total revenue in 2024.