Nonprofit · EIN 83-0757695
OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION
Tax-exempt · WESTPORT, CT 06880
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $33,475,838 | $44,330,644 | -$10,854,806 | $180,479,783 | $62,227 | $180,417,556 |
| December 31, 2023 | 990 | $31,057,090 | $38,267,548 | -$7,210,458 | $191,404,347 | $131,985 | $191,272,362 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $27,432,225
- Program service revenue
- $4,202,475
- Investment income
- $1,661,406
- Royalties
- $40,786
- Other revenue
- $179,732
Expenses
- Grants and similar amounts paid
- $2,592,290
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $294,977
- Accounting fees
- $206,029
- Occupancy
- $208,534
- Travel
- $877,708
- Depreciation
- $11,855,618
- Program services (functional)
- $43,259,907
- Management and general (functional)
- $1,070,737
Balance sheet and other
- Total assets, start of year
- $191,404,347
- Total assets, end of year
- $180,479,783
- Total liabilities, end of year
- $62,227
- Net assets, end of year
- $180,417,556
- Land, buildings and equipment
- $152,129,955
- Gross unrelated business income
- $20,946
- Gross receipts
- $33,475,838
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2018
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK DALIO | DIRECTOR, SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 |
| MATTHEW DALIO | DIRECTOR Trustee or director | 1 | $0 |
| JANINE RACANELLI | DIRECTOR EX OFFICIO, PRESIDENT Officer | 1 | $0 |
| GRETCHEN WAGNER | ASSISTANT SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK DALIO | DIRECTOR, SECRETARY, TREASURER Trustee or director, Officer | 1 | $0 |
| MATTHEW DALIO | DIRECTOR Trustee or director | 1 | $0 |
| JANINE RACANELLI | DIRECTOR EX OFFICIO, PRESIDENT Officer | 1 | $0 |
| GRETCHEN WAGNER | ASSISTANT SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- CO DFO ONE GLENDINNING PLACE 100, WESTPORT, CT 06880-0000
- Principal officer (990 for 2024)
- JANINE RACANELLI, C/O DFO ONE GLENDINNING PLACE 100, WESTPORT, CT 06880
- Signed the 990
- JANINE RACANELLI, PRESIDENT
- Phone
- (203) 291-5000
- Website
- WWW.OCEANX.ORG
- Return prepared by
- CLARK NUBER PS
Mission
THROUGH A SERIES OF INTEGRATED PROGRAMS, OREF 1) SUPPORTS AND CONDUCTS SCIENTIFIC RESEARCH AND EXPLORATION OF THE EARTH'S OCEANS WITH A WORLD CLASS RESEARCH AND EXPLORATION SHIP AND PACKAGE OF EQUIPMENT, ENABLING SUCH SCIENTIFIC RESEARCH AND EXPLORATION AND 2) CREATES AND DISTRIBUTES MEDIA AND OTHER DOCUMENTATION HIGHLIGHTING THAT SCIENTIFIC RESEARCH AND DISCOVERY TO PROMOTE PUBLIC AWARENESS, ENGAGEMENT AND PROTECTION OF THE OCEANS AND THE DIVERSE COMMUNITIES THEY SUPPORT. OREF MAY CARRY OUT ITS SOCIAL WELFARE PURPOSES DIRECTLY OR IN CONJUNCTION WITH OTHER ORGANIZATIONS, ENTITIES OR PARTNERS.
Program accomplishments
- CONDUCT RESEARCH AND DISCOVERY OF THE EARTH'S OCEANS AND FOSTER AND PROMOTE PUBLIC AWARENESS, ADVOCACY, SCIENTIFIC DISCOVERY, AND ENGAGEMENT TO FOSTER GREATER STEWARDSHIP AND PROTECTION OF THE OCEANS. COLLABORATE WITH LEADING SCIENTIFIC, MEDIA AND PHILANTHROPIC ORGANIZATIONS TO FURTHER SCIENTIFIC DISCOVERY OF THE OCEANS AND THEIR PROTECTION. THROUGH THESE COLLABORATIONS, OREF HAS AND WILL CONTINUE TO SCIENTIFICALLY EXPLORE THE OCEANS AND SUPPORT THE DOCUMENTATION OF THOSE SCIENTIFIC EXPLORATIONS AND DISCOVERIES. REFER TO SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS.Expenses $34,006,367 · grants $425,000 · revenue $1,350,000
- ENGAGE IN AND SUPPORT SCIENTIFIC EDUCATIONAL AND AWARENESS RAISING EFFORTS ON BEHALF OF OCEAN SCIENCE, PROTECTION, EXPLORATION AND STEWARDSHIP. ENGAGING AND EDUCATING AUDIENCES GLOBALLY BY CREATING EDUCATIONAL PROGRAMMING AND CAPTIVATING MEDIA IN MULTIPLE FORMATS AND ACROSS MULTIPLE CHANNELS ABOUT THE IMPORTANCE OF THE OCEANS AND THEIR PROTECTION, FOR THE BENEFIT OF PEOPLE GLOBALLY INCLUDING COMMUNITIES THAT DEPEND ON THE OCEAN FOR THEIR SUSTAINABILITY.REFER TO SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS.Expenses $9,253,540 · grants $2,167,290 · revenue $2,893,261
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0757695
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U21)
- Assets (IRS master file)
- $180,479,783
- Income (IRS master file)
- $33,475,838
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $33,475,838 | $44,330,644 | $180,479,783 | XML |
| 990 | December 2023 | $31,057,090 | $38,267,548 | $191,404,347 | XML |
| 990 | December 2022 | $31,428,615 | $35,625,551 | $198,595,941 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-0757695).
Questions about OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION
- What is the EIN of OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION?
- The employer identification number (EIN) of OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION is 83-0757695.
- Is OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2019.
- Are donations to OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names JANINE RACANELLI.
- Who are the officers and directors of OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does OCEANOGRAPHIC RESEARCH & EXPLORATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $33,475,838, expenses of $44,330,644 and total assets of $180,479,783 at year end.
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