Overview

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Est.

2007

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

OCEAN EXPLORATION TRUST INC is a nonprofit organization dedicated to advancing the fields of ocean exploration and archaeological oceanography by co-sponsoring deep-sea expeditions and developing advanced technologies. With an operating budget of $16.5 million and total revenue of $19.3 million for the filing year 2024, the organization engages in real-time educational programming and outreach to promote public interest and scientific research. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base for its initiatives. For more information, visit www.oceanexplorationtrust.org.

Mission Statement

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.
Revenues
$19.3M
Expenses
$16.5M
Net Income:
+$2.8M
Assets
$12.1M
Liabilities
$2.3M
Net Assets:
+$9.8M
Operating Budget
$16.5M
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
4
Median grant size
$49.8K
Largest grant received
$100K
D
DR Robert Ballard
Board Member
R
Richard Darling
Board Member
R
Robert Patricelli
Board Member

Frequently Asked Questions

What is OCEAN EXPLORATION TRUST INC’s budget?
In 2024, OCEAN EXPLORATION TRUST INC reported an annual operating budget of around $16.5 million. More detailed financial information is available to registered users.
What causes does OCEAN EXPLORATION TRUST INC support?
OCEAN EXPLORATION TRUST INC supports work in Education, Technology, and Environment.
Where does OCEAN EXPLORATION TRUST INC operate?
OCEAN EXPLORATION TRUST INC is headquartered in New London, CT.
Who funded OCEAN EXPLORATION TRUST INC recently?
In 2024, OCEAN EXPLORATION TRUST INC received grants from PHILIP STEPHENSON FOUNDATION C/O FREEDOM CAPITAL PARTNERS, TRACY AND GREG JOHNSON FOUNDATION INC, and COUNCIL ON LIBRARY AND INFORMATION RESOURCES. More information on this organization’s funders is available to registered users.
What is the largest grant OCEAN EXPLORATION TRUST INC received in 2024?
The largest grant to OCEAN EXPLORATION TRUST INC in 2024 exceeds $100 thousand.
What is OCEAN EXPLORATION TRUST INC’s reliance on government grants?
OCEAN EXPLORATION TRUST INC relied on government grants for more than 60% of their total revenue in 2024.