Global Oceans EIN 45-4801280

Global Oceans

EIN  45-4801280 Private foundation / grantmaker North Granby, CT
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Expands ocean science research by integrating private sector resources.
Leadership
James M Costopulos · President
Money in and out
$2K revenue, $208K expenses
Bottom line

Expands ocean science research by integrating private sector resources. For fiscal year 2024 it reported $2K in revenue, $208K in expenses, and $1.3M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$2K
Pt VIII · Ln 12
Total expenses
$208K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$205K
Total assets
1.4M
deployed as grants and operations

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$2K
FY2024▼ -72%
Expenses
$208K
FY2024▼ -5%
Total assets
$1.4M
FY2024▼ -12%
Total liabilities
$116K
FY2024▲ +5%
Total revenue
$2K
Pt VIII · Ln 12
Total expenses
$208K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Total assetsPt II$1.4M
Mission & Programs · Part III

Where the work happens

3 program services account for $54K of program spending, described in the organization's own filed words · FY2020.
01

Deep Sea Research Programprogram Project 1

The global seamounts project will host a multi-year series of global research expeditions to 20 or more deep-sea seamounts to conduct intensive scientific surveys of these undersea ecosystems. Aggregated data from the surveys will be hosted in the cloud and made accessible to international teams of biophysical modelers.

$48Kprogram expense
02

Arctic research programthe sasx arctic baseline project is an initiative under development that proposes to charter commercial sector icebreaking vessels and other platforms, mobilize the vessels for scientific research with modular science workspace systems, and to host an internationally-supported annual series of research expeditions…

$4Kprogram expense
03

Regional science consortia programglobal oceans is working with scientists and institutions in the indo-pacific region, and with intergovernmental bodies, to develop expedition projects in the indian ocean and wider indo-pacific that will enable collaboration and cost sharing.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGlobal Oceans
EINHdr · item D45-4801280
Principal addressHdr · item CNorth Granby, CT
WebsiteHdr · item Jwww.global-oceans.org
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U30)
Ruling yearIRS BMFJan 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$2K
Total revenueLn 12$2K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Operating & administrative $1.00
Operating & administrative100%$208K
Total functional expensesLn 25$208K

Balance Sheet

Part X · end of year
CashLn 1$375
Total assetsLn 16$1.4M
Total liabilitiesLn 26$116K
Total net assetsLn 32$1.3M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.4M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $2K
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $2K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $2K · Prior year $8K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $2.0M · FY2024 $2K
-82%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2K · Expenses $208K
-9785%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
92%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $208K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -72%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2K revenue · viewing · ⤓ 990 PDF
FY2023$8K revenue · ⤓ 990 PDF
FY2022$48K revenue · ⤓ 990 PDF
FY2021$9K revenue · ⤓ 990 PDF
FY2020$2.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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