Civic Intelligence

Oregon Wave Energy Trust

990 • Fiscal year 2014 • EIN 20-8308559

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

Organization ProfileWWW.OREGONWAVE.ORG
240 N Broadway No 128Portland, OR 97227-1881

(503) 524-5621

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

0.93x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

92nd percentile

0.93x

Higher debt load relative to revenue than 92% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

58th percentile

5.2%

Higher net margin than 58% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$96,129

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

6th percentile

-20%

Faster asset growth than 6% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

6th percentile

-20%

Faster revenue growth than 6% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,154,534

Down $280,434 (-20%) from 2013

Net Assets

Up

$76,268

Up $60,597 (+387%) from 2013

Liabilities

Down

$1,078,266

Down $341,031 (-24%) from 2013

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin58th percentile

Revenue

Down

$1,159,240

Down $281,013 (-20%) from 2013

Expenses

Down

$1,098,643

Down $344,311 (-24%) from 2013

Net Income

Up

$60,597

Up $63,298 (+2344%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2010: $1,823,812Liabilities 2010: $1,609,934Net Assets 2010: $213,8782010Assets 2011: $1,840,506Liabilities 2011: $1,823,559Net Assets 2011: $16,9472011Assets 2012: $1,458,516Liabilities 2012: $1,498,251Net Assets 2012: -$39,7352012Assets 2013: $1,434,968Liabilities 2013: $1,419,297Net Assets 2013: $15,6712013Assets 2014: $1,154,534Liabilities 2014: $1,078,266Net Assets 2014: $76,2682014Assets 2015: $1,134,680Liabilities 2015: $1,037,162Net Assets 2015: $97,5182015Assets 2016: $999,255Liabilities 2016: $886,675Net Assets 2016: $112,5802016Assets 2017: $211,516Liabilities 2017: $81,090Net Assets 2017: $130,4262017Assets 2018: $155,387Liabilities 2018: $17,751Net Assets 2018: $137,6362018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2014

Assets$1,154,534
Liabilities$1,078,266
Net Assets$76,268
Open 2014 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $943,1132010Expenses 2011: $1,566,1782011Expenses 2012: $1,570,1652012Revenue 2013: $1,440,253Expenses 2013: $1,442,954Net Income 2013: -$2,7012013Revenue 2014: $1,159,240Expenses 2014: $1,098,643Net Income 2014: $60,5972014Revenue 2015: $679,868Expenses 2015: $658,618Net Income 2015: $21,2502015Revenue 2016: $443,075Expenses 2016: $428,013Net Income 2016: $15,0622016Revenue 2017: $974,635Expenses 2017: $956,789Net Income 2017: $17,8462017Revenue 2018: $62,473Expenses 2018: $55,263Net Income 2018: $7,2102018Revenue 2019: $12,462Expenses 2019: $149,355Net Income 2019: -$136,8932019

Highlighted filing

2014

Revenue$1,159,240
Expenses$1,098,643
Net Income$60,597
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$1,159,240
Mission and Program Overview

Mission

The mission of the oregon wave energy trust (owet) is to become a central entity for wave energy-related development in oregon. Guided by its stakeholders, the oregon wave energy trust will build and share the expertise needed to support and accelerate the responsible development of the state's emerging wave energy industry.

The mission of the oregon wave energy trust (owet) is to become a central entity for wave energy-related development in oregon. Guided by its stakeholders, owet will build and share the expertise needed to support and accelerate the responsible development of the state's emerging wave energy industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,410,589$1,138,291▼ $272,298
Accounts Receivable$20,649$11,400▼ $9,249
Land, Buildings, and Equipment, Net$3,050$4,343▲ $1,293
Cash and Non-Interest-Bearing Accounts$680$500▼ $180
Total Assets$1,434,968$1,154,534▼ $280,434
Liabilities
Deferred Revenue$1,130,248$1,014,808▼ $115,440
Accounts Payable and Accrued Expenses$289,049$63,458▼ $225,591
Total Liabilities$1,419,297$1,078,266▼ $341,031
Net Assets / Fund Balance
Unrestricted Net Assets$15,671$76,268▲ $60,597
Total Net Assets Fund Balance$15,671$76,268▲ $60,597
Total Liabilities and Net Assets / Fund Balance$1,434,968$1,154,534▼ $280,434

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,343$4,103$8,446
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jason BuschExecutive DirectorFT$96,129$96,129

Board Members and Trustees

NameTitle
Chris TaylorPresident
Robert BaileyVice President
Belinda BattenBoard Member
Chandra BrownBoard Member
Dan JamesBoard Member
David GibsonBoard Member
Jennifer StatesBoard Member
Keith TymchukBoard Member
Kevin BanisterBoard Member
Nick EdwardsBoard Member
Preston MichieBoard Member
Robin HartmanBoard Member
Simon GeerlofsBoard Member
Wayne LeiBoard Member
Jack FlugSec Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gameplan INCPublic Relations, Conference Management,240 N BROADWAY SUITE 128, Portland, OR 97227$133,063
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,158,607
Investment Income
$633
Other Revenue
$0
Change in Net Assets
$60,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$580,170
Other Expenses$390,682
Salaries, Compensation, and Employee Benefits$127,791
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$580,170
Current Officers, Directors, Trustees, and Key Employees---$96,129
Fees for Services Lobbying---$84,000
Fees for Services Other---$48,054
Other Salaries and Wages---$14,474
Payroll Taxes---$14,057
Occupancy---$13,626
Travel---$4,590
Insurance---$3,925
Other Employee Benefits---$3,131
Office Expenses---$1,596
Depreciation Depletion---$1,207
Other Expenses---$16
Total Functional Expenses$0$0$0$1,098,643
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
M3 Wave Energy Systems LLCSalem, OR-Deploy and Retrieve Apec Device (electricity Generation) for Off Shore Testing$158,684
Northwest Energy Innovations LLCPortland, OR-Deploy Full Scale Wave Energy Testing Device$140,000
Columbia Power Technologies IncCharlottesville, VA-Demonstrate Feasibility of Pto Module in Wave Energy Converter$100,000
Resolute Energy IncBoston, MA-Demonstration Project - Deployment of 2 Rme Wave Energy Converters$76,500
Oregon Military DepartmentSalem, OR-Design & Planning - Ocean Energy Use$66,762
Principal Power IncSeattle, WA-Partial Funds Match for Install of Offshore Power Generation System$27,000
Ocean Motion International LLCMedford, OR-Wave Tank Testing of Ocean Energy Device$6,000
Oregon State UniversityCorvallis, OR-Impact of Ocean Generation on Whale Migration$5,224
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization have individual and business members who pay dues.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed and approved by the executive director. A copy of the approved form 990 is provided to all board members prior to filing.”

Form 990, Part VI, Section B, Line 12C

“During board meetings, when a project is considered or a discussion begins that could involve one of the board member's companies or their involvement, the person (s) is asked to leave and the discussion takes place in a "closed door meeting". In addition, when projects come up and a rfp is released, it is carefully monitored to make sure that a board member does not have an unfair advantage and has to bid as everyone else.”

Form 990, Part VI, Section B, Line 15A

“The organization's attorney counsel and board members researched similar non-profit organizations for salary comparisons to determine comparable data as baseline salary parameter and used that as baseline range to determine salary in accordance to experience.”

Form 990, Part VI, Section C, Line 19

“Upon request and through the organization's website.”

Filing and Contact Details

Filer

Filer Name
Oregon Wave Energy Trust
EIN
20-8308559
Phone
5035245621
Address
240 N BROADWAY NO 128, PORTLAND, OR 97227-1881

Signing Officer

Name
Jason Busch
Title
Executive Director
Phone
5035245621
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Busch
Formed
2007
Legal Domicile
Or
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
0

Preparer

Firm
Hoffman Stewart & Schmidt Pc
Address
4900 MEADOWS ROAD STE 200, LAKE OSWEGO, OR 97035-3295
Preparer
George H Hughes
Phone
5032205900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2B:

“At the time of filing 2014's form 990 oregon wave energy trust was in the process of an audit.”

Raw XML AppendixShowing 400 of 489 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE MISSION OF THE OREGON WAVE ENERGY TRUST (OWET) IS TO BECOME A CENTRAL ENTITY FOR WAVE ENERGY-RELATED DEVELOPMENT IN OREGON. GUIDED BY ITS STAKEHOLDERS, OWET WILL BUILD AND SHARE THE EXPERTISE NEEDED TO SUPPORT AND ACCELERATE THE RESPONSIBLE DEVELOPMENT OF THE STATE'S EMERGING WAVE ENERGY INDUSTRY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
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IRS990/MissionDesc0THE MISSION OF THE OREGON WAVE ENERGY TRUST (OWET) IS TO BECOME A CENTRAL ENTITY FOR WAVE ENERGY-RELATED DEVELOPMENT IN OREGON. GUIDED BY ITS STAKEHOLDERS, THE OREGON WAVE ENERGY TRUST WILL BUILD AND SHARE THE EXPERTISE NEEDED TO SUPPORT AND ACCELERATE THE RESPONSIBLE DEVELOPMENT OF THE STATE'S EMERGING WAVE ENERGY INDUSTRY.
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IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt015671
IRS990/NetAssetsOrFundBalancesEOYAmt076268
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt013626
IRS990/OfficeExpensesGrp/TotalAmt01596
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03131
IRS990/OtherExpensesGrp/Desc0CONTRACT EXPENSES
IRS990/OtherExpensesGrp/Desc1MERCHANT AND BANKING FE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt0232282
IRS990/OtherExpensesGrp/TotalAmt11386
IRS990/OtherExpensesGrp/TotalAmt216
IRS990/OtherSalariesAndWagesGrp/TotalAmt014474
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt014057
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JASON BUSCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0WAVE ENERGY DEVELOPMEN
IRS990/ProgramServiceRevenueGrp/Desc1CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01112436
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt136510
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28461
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01112436
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt136510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28461
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31200
IRS990/ProgSrvcAccomActy2Grp/Desc0REGULATORY, ENVIRONMENTAL AND PLANNING - DEVELOPING A POLICY AND REGULATORY FRAMEWORK TO ADVANCE THE WAVE ENERGY INDUSTRY.
IRS990/ProgSrvcAccomActy3Grp/Desc0RESEARCH AND DEVELOPMENT - IMPLEMENTING ENVIRONMENTAL AND APPLIED RESEARCH PROJECTS TO ANSWER KEY QUESTIONS LEADING TO A REDUCTION IN BARRIERS TO WAVE ENERGY DEVELOPMENT.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0377286
IRS990/PYInvestmentIncomeAmt01311
IRS990/PYOtherExpensesAmt0940471
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01438942
IRS990/PYRevenuesLessExpensesAmt0-2701
IRS990/PYSalariesCompEmpBnftPaidAmt0125197
IRS990/PYTotalExpensesAmt01442954
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01440253
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt060597
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01410589
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01138291
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt04343
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04103
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08446
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04343
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0158684
IRS990ScheduleI/RecipientTable/CashGrantAmt1140000
IRS990ScheduleI/RecipientTable/CashGrantAmt2100000
IRS990ScheduleI/RecipientTable/CashGrantAmt36000
IRS990ScheduleI/RecipientTable/CashGrantAmt466762
IRS990ScheduleI/RecipientTable/CashGrantAmt55224
IRS990ScheduleI/RecipientTable/CashGrantAmt627000
IRS990ScheduleI/RecipientTable/CashGrantAmt776500
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DEPLOY AND RETRIEVE APEC DEVICE (ELECTRICITY GENERATION) FOR OFF SHORE TESTING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DEPLOY FULL SCALE WAVE ENERGY TESTING DEVICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2DEMONSTRATE FEASIBILITY OF PTO MODULE IN WAVE ENERGY CONVERTER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3WAVE TANK TESTING OF OCEAN ENERGY DEVICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4DESIGN & PLANNING - OCEAN ENERGY USE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5IMPACT OF OCEAN GENERATION ON WHALE MIGRATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6PARTIAL FUNDS MATCH FOR INSTALL OF OFFSHORE POWER GENERATION SYSTEM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7DEMONSTRATION PROJECT - DEPLOYMENT OF 2 RME WAVE ENERGY CONVERTERS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0M3 WAVE ENERGY SYSTEMS LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NORTHWEST ENERGY INNOVATIONS LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2COLUMBIA POWER TECHNOLOGIES INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3OCEAN MOTION INTERNATIONAL LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4OREGON MILITARY DEPARTMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5OREGON STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6PRINCIPAL POWER INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7RESOLUTE ENERGY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0264650980
IRS990ScheduleI/RecipientTable/RecipientEIN1272599686
IRS990ScheduleI/RecipientTable/RecipientEIN2931163345
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt010322 LIBERTY RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11211 NW GLISAN ST STE 204
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2236 E HIGH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31499 MONTCLAIR TERR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4PO BOX 14350
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO BOX 1086
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt693 S JACKSON ST 63650
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt73 POST OFFICE SQUARE-3RD FLOOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm1PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm2CHARLOTTESVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3MEDFORD
IRS990ScheduleI/RecipientTable/USAddress/CityNm4SALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm5CORVALLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm6SEATTLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm7BOSTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3OR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4OR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5OR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6WA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd097306
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd197209
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd222902
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd397504
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd497309
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd597339
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd698104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd702109
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION APPROVES GRANTS THAT ARE BUDGETED AND MEET WITH THE ORGANIZATIONS MISSION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt07
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAVE INDIVIDUAL AND BUSINESS MEMBERS WHO PAY DUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. A COPY OF THE APPROVED FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING BOARD MEETINGS, WHEN A PROJECT IS CONSIDERED OR A DISCUSSION BEGINS THAT COULD INVOLVE ONE OF THE BOARD MEMBER'S COMPANIES OR THEIR INVOLVEMENT, THE PERSON (S) IS ASKED TO LEAVE AND THE DISCUSSION TAKES PLACE IN A "CLOSED DOOR MEETING". IN ADDITION, WHEN PROJECTS COME UP AND A RFP IS RELEASED, IT IS CAREFULLY MONITORED TO MAKE SURE THAT A BOARD MEMBER DOES NOT HAVE AN UNFAIR ADVANTAGE AND HAS TO BID AS EVERYONE ELSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S ATTORNEY COUNSEL AND BOARD MEMBERS RESEARCHED SIMILAR NON-PROFIT ORGANIZATIONS FOR SALARY COMPARISONS TO DETERMINE COMPARABLE DATA AS BASELINE SALARY PARAMETER AND USED THAT AS BASELINE RANGE TO DETERMINE SALARY IN ACCORDANCE TO EXPERIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST AND THROUGH THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AT THE TIME OF FILING 2014'S FORM 990 OREGON WAVE ENERGY TRUST WAS IN THE PROCESS OF AN AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2B:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PACIFIC OCEAN ENERGY TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO CARRY OUT THE CHARITABLE PURPOSES RELATED TO AND IN SUPPORT OF OWET.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 11D, III-O
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 8626
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PORTLAND

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,154,534
Liabilities
$1,078,266
Net assets
$76,268
Revenue
$1,159,240
Expenses
$1,098,643
Net income
$60,597
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.15$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.16$0.02$0.14$0.06$0.06$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.21$0.08$0.13$0.97$0.96$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.89$0.11$0.44$0.43$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.13$1.04$0.10$0.68$0.66$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.15$1.08$0.08$1.16$1.10$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.43$1.42$0.02$1.44$1.44$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$1.50$0.04$1.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$1.82$0.02$1.57
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$1.61$0.21$0.94