Oceanites INC FY2021 filing

Tax-deductible

Chevy Chase, MD501(c)(3)EnvironmentEIN 52-1530218

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Oceanitess mission is championing science-based conservation and increased awareness of climate change, its potential impacts, and climate change adaptation through the lens of penguins and Antarctica.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $5K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$212K
+54% vs prior year
Spent
$176K
To programs
81%
Net assets
$73K
By yearFY2020–FY2024
Revenue
$212K
FY2021▲ +54%
Revenue by fiscal year
FY2020$138K
FY2021$212K
FY2022$254K
FY2023$177K
FY2024$217K
Expenses
$176K
FY2021▲ +48%
Expenses by fiscal year
FY2020$118K
FY2021$176K
FY2022$237K
FY2023$247K
FY2024$194K
Net assets
$73K
FY2021▲ +101%
Net assets by fiscal year
FY2020$36K
FY2021$73K
FY2022$89K
FY2023$19K
FY2024$43K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $142K Management & general 7% · $13K Fundraising 12% · $21K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$31,950Pt 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
$0Pt VII · Sec A

Ron Naveen’s $37K as President is at the 21st percentile of top reported officer pay among 1990 $100K–1M environment 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 · 2 named individuals · Part VII

NameFY2023FY2022FY2021
Ron Naveen$37,275$58,575$31,950
David W Lippy—$55,728—

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 Oceanites INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Champions science-based conservation and climate change awareness using penguins and Antarctica.

Provided by the organization

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1 program · $142K · in their own filed words · FY2021
01

See attached for discussion of Program Service Accomplishments.

$142Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$212K
Ln 12
Gifts and grantsLn 1h$212K
Other incomeLn 4–11$35
Investment incomeLn 3$22
Money outPt IX
$176K
Ln 25
Programscol B$142K
Managementcol C$13K
Fundraisingcol D$21K
Owns and owesPt X
$73K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$11K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212K
Government grantsLn 1e$17K
Investment incomeLn 3$22
Other incomeLn 4–11$35
Total revenueLn 12$212K
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$11K
Net assetsLn 32$73K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$51K$84K
Total assetsLn 16$51K$84K
LiabilitiesLn 26$15K$11K
Net assetsLn 32$36K$73K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$32K$26K$2K$5K
Other employee benefitsLn 9$15K$12K$738$2K
Payroll taxesLn 10$2K$2K$122$367
Accounting feesLn 11c$7K$0$7K$0
Other fees for servicesLn 11g$61K$53K$0$7K
Office expensesLn 13$662$530$33$99
Information technologyLn 14$6K$5K$308$923
OccupancyLn 16$11K$9K$540$2K
TravelLn 17$13K$13K$0$0
InterestLn 20$476$0$476$0
InsuranceLn 23$500$400$25$75
Other expenses (24a–d)Ln 24$12K$11K$417$1K
All other expensesLn 24e$15K$11K$2K$2K
Total functional expensesLn 25$176K$142K$13K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $217K$194K$24K$43K 990 PDF
FY2023 $177K$247K−$70K$19K 990 PDF
FY2022 $254K$237K$17K$89K 990 PDF
FY2021 Viewing $212K$176K$36K$73K 990 PDF
FY2020 $138K$118K$19K$36K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (5 parts)
Part I · Summary $211,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $137,523$211,921
I-9 Program service revenue$0
I-10 Investment incomePrior year $7$22
I-11 Other revenuePrior year $115$35
I-12 Total revenuePrior year $137,645$211,978
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $11,474$49,156
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $107,007$126,375
I-18 Total expensesPrior year $118,481$175,531
I-19 Revenue less expensesPrior year $19,164$36,447
Part VIII · Statement of revenue $211,978 across 6 lines filed
VIII-1e Government grants$16,771
VIII-1f All other contributions, gifts and grants$195,150
VIII-1h Total contributions, gifts and grants$211,921
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$22
VIII-5 RoyaltiesRelated to mission $35 · Unrelated business $0 · Excluded from tax $0$35
VIII-12 Total revenueRelated to mission $57 · Unrelated business $0 · Excluded from tax $0$211,978
Part IX · Statement of functional expenses $175,531 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $25,560 · Management $1,598 · Fundraising $4,792$31,950
IX-9 Other employee benefitsPrograms $11,810 · Management $738 · Fundraising $2,214$14,762
IX-10 Payroll taxesPrograms $1,955 · Management $122 · Fundraising $367$2,444
IX-11c Accounting feesPrograms $0 · Management $7,054 · Fundraising $0$7,054
IX-11g Other fees for servicesPrograms $53,468 · Management $0 · Fundraising $7,215$60,683
IX-13 Office expensesPrograms $530 · Management $33 · Fundraising $99$662
IX-14 Information technologyPrograms $4,924 · Management $308 · Fundraising $923$6,155
IX-16 OccupancyPrograms $8,640 · Management $540 · Fundraising $1,620$10,800
IX-17 TravelPrograms $12,504 · Management $0 · Fundraising $0$12,504
IX-20 InterestPrograms $0 · Management $476 · Fundraising $0$476
IX-23 InsurancePrograms $400 · Management $25 · Fundraising $75$500
IX-24 Other expenses (24a–d)Programs $10,726 · Management $417 · Fundraising $1,250$12,393
IX-24e All other expensesPrograms $11,426 · Management $1,580 · Fundraising $2,142$15,148
IX-25 Total functional expensesPrograms $141,943 · Management $12,891 · Fundraising $20,697$175,531
Part X · Balance sheet $83,560 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $50,182$82,560
X-2 Savings and temporary cash investmentsStart of year $1,000$1,000
X-16 Total assetsStart of year $51,182$83,560
X-17 Accounts payable and accrued expensesStart of year $0$10,929
X-26 Total liabilitiesStart of year $15,000$10,929
X-27 Net assets without donor restrictionsStart of year $36,182$72,631
X-32 Total net assets or fund balancesStart of year $36,182$72,631
X-33 Total liabilities and net assetsStart of year $51,182$83,560
Part XI · Reconciliation of net assets $72,631 net assets at year end
XI-1 Total revenue$211,978
XI-2 Total expenses$175,531
XI-3 Revenue less expenses$36,447
XI-4 Net assets at start of year$36,182
XI-10 Net assets at end of year$72,631

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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