Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
26 people listed on the 990.
Matt Classen’s $116K as Executive Director is at the 80th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Matt Classen | $116,000 | $116,000 | $116,000 | $42,183 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Tma Bluetech executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes sustainable ocean industries, innovation, and jobs through education, policy, and technology.
Questions for Tma Bluetech
Your first name shows with your question. Tma Bluetech answers here, for everyone.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $113K | $94K |
| InvestmentsLn 11–13 | $18K | |
| Land, buildings, equipmentLn 10c | $9K | $6K |
| Total assetsLn 16 | $264K | $206K |
| LiabilitiesLn 26 | $34K | $54K |
| Net assetsLn 32 | $230K | $151K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $171K | |||
| Other employee benefitsLn 9 | $259 | |||
| Payroll taxesLn 10 | $8K | |||
| Legal feesLn 11b | $5K | |||
| Accounting feesLn 11c | $13K | |||
| Other fees for servicesLn 11g | $25K | |||
| Office expensesLn 13 | $2K | |||
| Information technologyLn 14 | $10K | |||
| OccupancyLn 16 | $32K | |||
| TravelLn 17 | $2K | |||
| Conferences, conventions and meetingsLn 19 | $31K | |||
| Depreciation, depletion and amortizationLn 22 | $2K | |||
| InsuranceLn 23 | $4K | |||
| Other expenses (24a–d)Ln 24 | $29K | |||
| All other expensesLn 24e | $4K | |||
| Total functional expensesLn 25 | $338K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Oct 15, 2025 | $313K | $339K | −$26K | $120K | 990 PDF |
| FY2023Filed with the IRS Nov 1, 2024 | $310K | $364K | −$55K | $142K | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $350K | $309K | $41K | $199K | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $250K | $254K | −$4K | $162K | 990 PDF |
| FY2020 ViewingFiled with the IRS Nov 15, 2021 | $249K | $338K | −$89K | $151K | 990 PDF |
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $249,093 revenue, 12 lines filed
Part VI · Governance 26 of 26 board members independent, 2 to look at
Part VIII · Statement of revenue $249,093 across 5 lines filed
Part IX · Statement of functional expenses $338,496 across 15 lines filed
Part X · Balance sheet $205,527 assets, 14 lines filed
Part XI · Reconciliation of net assets $151,203 net assets at year end
Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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