2024-11-15T12:04:08-06:00 2023-12-31 930743240 HOFFMAN STEWART & SCHMIDT PC 3 CENTERPOINTE DRIVE SUITE 300 LAKE OSWEGO OR 970358663 990 2023-01-01 264646584 PACIFIC OCEAN ENERGY TRUST PACI 5035245621 9450 SW GEMINI DR PMB 50944 BEAVERTON OR 97008 JASON BUSCH EXECUTIVE DIRECTOR 5035245621 2024-11-11 1 1 NATHAN STAMETS P01931251 5032205900 2023 2024-10-15 13:58:12Z JASON BUSCH 9450 SW GEMINI DR PMB 50944 BEAVERTON OR 97008 2459339 0 X PACIFICOCEANENERGY.ORG X 2009 OR PACIFIC OCEAN ENERGY TRUST IS COMMITTED TO PROMOTING OCEAN-BASED CLIMATE SOLUTIONS. 5 4 6 0 0 0 2697344 2199885 63558 14671 0 0 112707 35959 2873609 2250515 0 0 0 0 418307 433253 0 0 0 2482638 1949477 2900945 2382730 -27336 -132215 453113 914005 346084 939191 107029 -25186 THE MISSION OF THE ORGANIZATION IS TO PROMOTE AND SUPPORT RESPONSIBLE DEVELOPMENT OF OCEAN RENEWABLE ENERGY IN THE PACIFIC REGION THROUGH EDUCATION, OUTREACH AND RESEARCH. 0 0 2248281 14671 THE ORGANIZATION SUPPORTS THE RESPONSIBLE DEVELOPMENT OF MARINE RENEWABLE ENERGY IN THE PACIFIC REGION. GROWING OUT OF THE OREGON WAVE ENERGY TRUST, THE ORGANIZATION BRINGS FIFTEEN YEARS OF EXPERIENCE WORKING ON ISSUES RELATING TO MARINE RENEWABLE ENERGY DEVELOPMENT, WITH A SPECIAL EMPHASIS ON POLICY AND REGULATORY MATTERS, BETTER UNDERSTANDING OF ENVIRONMENTAL EFFECTS OF MARINE RENEWABLES, AND STAKEHOLDER ENGAGEMENT. THE ORGANIZATION SUPPORTS THE DEVELOPMENT OF ALL TYPES OF MARINE RENEWABLE TECHNOLOGIES INCLUDING OFFSHORE WIND, TIDAL, AND WAVE ENERGY. 2248281 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X X JASON BUSCH 5035245621 9450 SW GEMINI DR PMB 50944 BEAVERTON OR 97008 KEVIN BANISTER PRESIDENT 1.00 X X 0 0 0 JUSTIN KLURE VICE PRESIDENT 1.00 X X 0 0 0 JASON BUSCH SEC/TREAS/EXEC DIRECTOR 40.00 X X 100000 0 0 DAVE ROBERTSON BOARD MEMBER 1.00 X X 0 0 0 SIMON GEERLOFS BOARD MEMBER 1.00 X X 0 0 0 100000 0 0 0 0 0 0 0 56302 2143583 2199885 SERVICE FEES 900099 11756 11756 MEMBERSHIP DUES 900099 2915 2915 14671 244783 56302 208824 35959 35959 2250515 14671 0 35959 100000 90000 10000 295287 256739 38548 37966 33303 4663 24594 24594 85033 85033 10468 10468 13737 13737 1516 1516 98047 84929 13118 572 572 1095 1095 CONTRACT EXPENSES 1698277 1698277 16138 16138 2382730 2248281 134449 0 218080 15007 233676 898957 1499 1458 1357 41 453113 914005 346084 939191 346084 939191 X 107029 -25186 107029 -25186 453113 914005 -132215 0 X 0 1 X 1 1 1 X 148481 473742 1067854 2697344 2199885 6587306 169147 17500 70828 224720 50630 532825 317628 491242 1138682 2922064 2250515 7120131 0 0 0 7120131 317628 491242 1138682 2922064 2250515 7120131 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1499 1458 41 41 X 2250515 0 2250515 0 2250515 2382730 0 2382730 0 2382730 PART X, LINE 2: MANAGEMENT BELIEVES THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. CONFERENCE 301085 56302 244783 89175 67740 51909 301085 56302 244783 89175 67740 51909 208824 35959 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS INDIVIDUAL AND BUSINESS MEMBERS WHO PAY DUES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. A COPY OF THE APPROVED FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DURING BOARD MEETINGS, WHEN A PROJECT IS CONSIDERED OR A DISCUSSION BEGINS THAT COULD INVOLVE ONE OF THE BOARD MEMBER'S COMPANIES OR THEIR INVOLVEMENT, THE PERSON(S) IS ASKED TO LEAVE AND THE DISCUSSION TAKES PLACE IN A "CLOSED DOOR MEETING". IN ADDITION, WHEN PROJECTS COME UP AND A RFP IS RELEASED, IT IS CAREFULLY MONITORED TO MAKE SURE THAT A BOARD MEMBER DOES NOT HAVE AN UNFAIR ADVANTAGE AND HAS TO BID AS EVERYONE ELSE. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S ATTORNEY COUNSEL AND BOARD MEMBERS RESEARCHED SIMILAR NON-PROFIT ORGANIZATIONS FOR SALARY COMPARISONS TO DETERMINE COMPARABLE DATA AS BASELINE SALARY PARAMETER AND USED THAT AS BASELINE RANGE TO DETERMINE SALARY IN ACCORDANCE TO EXPERIENCE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST AND THROUGH THE ORGANIZATION'S WEBSITE.