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Nonprofit · EIN 99-1603704

OCEANX EDUCATION INC

Tax-exempt · WESTPORT, CT 06880

Financials

$3.4M$1.9M2024
Revenue Expenses · by fiscal year end
Financials of OCEANX EDUCATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,352,968$1,945,153$1,407,815$1,869,615$461,800$1,407,815
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,342,290
Program service revenue
$0
Investment income
$10,678
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$38,126
Accounting fees
$6,880
Travel
$117,412
Depreciation
$56,058
Program services (functional)
$1,761,227
Management and general (functional)
$29,395
Fundraising (functional)
$154,531

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$1,869,615
Total liabilities, end of year
$461,800
Net assets, end of year
$1,407,815
Land, buildings and equipment
$611,305
Net assets without donor restrictions
$818,042
Net assets with donor restrictions
$589,773
Gross receipts
$3,352,968
Employees
0
Volunteers
5
Year formed
2024
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.

NameTitleHours / weekCompensation
GRETCHEN WAGNERSECRETARY
Officer
1$0
JAMES SCHWABTREASURER
Officer
2$0
MATTHEW DALIODIRECTOR
Trustee or director
1$0
MARK DALIOCHAIR
Trustee or director, Officer
2$0
DAVID BELTDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
CO DFO ONE GLENDINNING PLACE 100, WESTPORT, CT 06880-0000
Principal officer (990 for 2024)
MARK DALIO, C/O DFO ONE GLENDINNING PLACE 100, WESTPORT, CT 06880
Signed the 990
GRETCHEN WAGNER, SECRETARY
Phone
(203) 291-5000
Return prepared by
CLARK NUBER PS

Mission

OCEANX EDUCATION'S MISSION IS TO INSPIRE AND NURTURE THE NEXT GENERATION OF PASSIONATE OCEAN LEADERS TO PROTECT, PRESERVE AND HARNESS OUR OCEANS FOR SOCIAL AND ENVIRONMENTAL IMPACT. OCEANX EDUCATION IS A NON-PROFIT INITIATIVE OFFERING YOUNG PEOPLE INSIGHTS INTO THE IMPORTANCE OF OCEAN CONSERVATION, RESEARCH, AND STORYTELLING THROUGH HANDS-ON EXPERIENCE AND BEHIND-THE-SCENES OPPORTUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • MISSION & PROGRAMMATIC DEVELOPMENT: DURING THE INITIAL YEAR, THE ORGANIZATION ENGAGED IN STRATEGIC PLANNING AND PROGRAM DESIGN TO ESTABLISH ITS CORE PROGRAMMATIC FRAMEWORK. THESE ACTIVITIES LAID THE FOUNDATION FOR FUTURE PROGRAM DELIVERY ALIGNED WITH ITS EXEMPT PURPOSE.
    Expenses $687,418
  • ON SHIP PROGRAMMING: PROMOTE OCEAN EDUCATION AND CONSERVATION BY CREATING ENGAGING OPPORTUNITIES ABOARD THE STATE-OF-ART RESEARCH VESSEL OCEANXPLORER FOR STUDENTS, COMMUNITY MEMBERS, AND OTHERS TO LEARN ABOUT OCEAN PRESERVATION, RESEARCH, AND MORE.REFER TO SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS
    Expenses $601,728
  • DIGITAL EDUCATION: CREATE AND DISSEMINATE CAPTIVATING EDUCATIONAL CONTENT USING THE STATE-OF-ART OCEAN RESEARCH VESSEL TO REACH BROAD AUDIENCES WITH ENGAGING AND INTERACTIVE CONTENT INCLUDING DOCUMENTARIES, SOCIAL CONTENT, VR AND XR EXPERIENCES, AND MORE.REFER TO SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS
    Expenses $472,081

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-1603704
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$1,869,615
Income (IRS master file)
$3,352,968

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,352,968$1,945,153$1,869,615XML

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 99-1603704).

Questions about OCEANX EDUCATION INC

What is the EIN of OCEANX EDUCATION INC?
The employer identification number (EIN) of OCEANX EDUCATION INC is 99-1603704.
Is OCEANX EDUCATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to OCEANX EDUCATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OCEANX EDUCATION INC 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 OCEANX EDUCATION INC 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 OCEANX EDUCATION INC 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 OCEANX EDUCATION INC?
The 990 for the year ended December 31, 2024 names MARK DALIO.
Who are the officers and directors of OCEANX EDUCATION INC?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does OCEANX EDUCATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,352,968, expenses of $1,945,153 and total assets of $1,869,615 at year end.

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