Civic Intelligence

Oregon Wave Energy Trust

990 • Fiscal year 2016 • EIN 20-8308559

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

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

96th percentile

0.89x

Higher debt load relative to assets than 96% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

2.00x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

49th percentile

3.4%

Higher net margin than 49% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

66th percentile

$95,000

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

14th percentile

-12%

Faster asset growth than 14% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-35%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$999,255

Down $135,425 (-12%) from 2015

Net Assets

Up

$112,580

Up $15,062 (+15%) from 2015

Liabilities

Down

$886,675

Down $150,487 (-15%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin49th percentile

Revenue

Down

$443,075

Down $236,793 (-35%) from 2015

Expenses

Down

$428,013

Down $230,605 (-35%) from 2015

Net Income

Down

$15,062

Down $6,188 (-29%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2016

Assets$999,255
Liabilities$886,675
Net Assets$112,580
Open 2016 Filing

Operations Trend

Revenue Growth4th 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

2016

Revenue$443,075
Expenses$428,013
Net Income$15,062
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$443,075
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$1,115,236$983,058▼ $132,178
Accounts Receivable$15,710$13,524▼ $2,186
Land, Buildings, and Equipment, Net$3,136$1,930▼ $1,206
Cash and Non-Interest-Bearing Accounts$598$743▲ $145
Total Assets$1,134,680$999,255▼ $135,425
Liabilities
Deferred Revenue$1,016,030$866,807▼ $149,223
Accounts Payable and Accrued Expenses$21,132$19,868▼ $1,264
Total Liabilities$1,037,162$886,675▼ $150,487
Net Assets / Fund Balance
Unrestricted Net Assets$97,518$112,580▲ $15,062
Total Net Assets Fund Balance$97,518$112,580▲ $15,062
Total Liabilities and Net Assets / Fund Balance$1,134,680$999,255▼ $135,425

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,930$6,516$8,446
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jason BuschExecutive DirectorFT$95,000$95,000

Board Members and Trustees

NameTitle
Robert BaileyPresident
David GibsonBoard Member
Keith TymchukBoard Member
Nick EdwardsBoard Member
Preston MichieBoard Member
REBECCA O'NEILBoard Member
Robin HartmanBoard Member
Wayne LeiBoard Member
Jack FlugSec Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gameplan INCPr Progam Services And Administrative Su1475 SW VISTA AVE, Portland, OR 97201$112,586
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$442,243
Investment Income
$264
Other Revenue
$568
Change in Net Assets
$15,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,704
Salaries, Compensation, and Employee Benefits$169,464
Grants and Similar Amounts Paid$11,845
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$95,000
Other Salaries and Wages---$60,000
Fees for Services Other---$44,149
Occupancy---$15,609
Payroll Taxes---$12,235
Grants to Domestic Orgs---$11,845
Other Expenses---$3,588
Insurance---$3,208
Other Employee Benefits---$2,229
Travel---$1,545
Depreciation Depletion---$1,207
Office Expenses---$450
Total Functional Expenses$0$0$0$428,013
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oregon State UniversityCorvallis, OR-Anchor Recovery Study$11,845
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 11B

“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
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Busch
Formed
2007
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
9
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 IX, Line 11G

“OTHER 44,149.”

Raw XML AppendixShowing 400 of 401 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt021132
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt019868
IRS990/AccountsReceivableGrp/BOYAmt015710
IRS990/AccountsReceivableGrp/EOYAmt013524
IRS990/ActivitiesConductedPrtshpInd00
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.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BOB LARSON
IRS990/BooksInCareOfDetail/PhoneNum05035972090
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06700 SW 105TH SUITE 204
IRS990/BooksInCareOfDetail/USAddress/CityNm0BEAVERTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd097008
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0598
IRS990/CashNonInterestBearingGrp/EOYAmt0743
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt095000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0112586
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01475 SW VISTA AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0PORTLAND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0OR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd097201
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0GAMEPLAN INC
IRS990/ContractorCompensationGrp/ServicesDesc0PR PROGAM SERVICES AND ADMINISTRATIVE SU
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt011845
IRS990/CYInvestmentIncomeAmt0264
IRS990/CYOtherExpensesAmt0246704
IRS990/CYOtherRevenueAmt0568
IRS990/CYProgramServiceRevenueAmt0442243
IRS990/CYRevenuesLessExpensesAmt015062
IRS990/CYSalariesCompEmpBnftPaidAmt0169464
IRS990/CYTotalExpensesAmt0428013
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0443075
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01016030
IRS990/DeferredRevenueGrp/EOYAmt0866807
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt01207
IRS990/Desc0WAVE ENERGY CLEARINGHOUSE - BUILDING POSITIVE COMMUNITY SUPPORT FOR THE WAVE ENERGY INDUSTRY.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/TotalAmt044149
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt74.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt84.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm1JACK FLUG
IRS990/Form990PartVIISectionAGrp/PersonNm2NICK EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID GIBSON
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBIN HARTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5PRESTON MICHIE
IRS990/Form990PartVIISectionAGrp/PersonNm6KEITH TYMCHUK
IRS990/Form990PartVIISectionAGrp/PersonNm7WAYNE LEI
IRS990/Form990PartVIISectionAGrp/PersonNm8REBECCA O'NEIL
IRS990/Form990PartVIISectionAGrp/PersonNm9JASON BUSCH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt995000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SEC TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticOrgsGrp/TotalAmt011845
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0443075
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt03208
IRS990/InvestmentIncomeGrp/ExclusionAmt0264
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0264
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06516
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03136
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01930
IRS990/LandBldgEquipCostOrOtherBssAmt08446
IRS990/LegalDomicileStateCd0OR
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt097518
IRS990/NetAssetsOrFundBalancesEOYAmt0112580
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt015609
IRS990/OfficeExpensesGrp/TotalAmt0450
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02229
IRS990/OtherExpensesGrp/Desc0CONTRACT EXPENSES
IRS990/OtherExpensesGrp/Desc1MERCHANT AND BANKING FE
IRS990/OtherExpensesGrp/TotalAmt0176948
IRS990/OtherExpensesGrp/TotalAmt13588
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0568
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0568
IRS990/OtherRevenueTotalAmt0568
IRS990/OtherSalariesAndWagesGrp/TotalAmt060000
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt012235
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/ExclusionAmt0360138
IRS990/ProgramServiceRevenueGrp/ExclusionAmt151190
IRS990/ProgramServiceRevenueGrp/ExclusionAmt229615
IRS990/ProgramServiceRevenueGrp/ExclusionAmt31300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0360138
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt229615
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31300
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/PYContributionsGrantsAmt02369
IRS990/PYGrantsAndSimilarPaidAmt082248
IRS990/PYInvestmentIncomeAmt0195
IRS990/PYOtherExpensesAmt0432774
IRS990/PYOtherRevenueAmt02392
IRS990/PYProgramServiceRevenueAmt0674912
IRS990/PYRevenuesLessExpensesAmt021250
IRS990/PYSalariesCompEmpBnftPaidAmt0143596
IRS990/PYTotalExpensesAmt0658618
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0679868
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt015062
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01115236
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0983058
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01930
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06516
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08446
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01930
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt011845
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ANCHOR RECOVERY STUDY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OREGON STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0312 KERR ADMINISTRATION BUILDING
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CORVALLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd097331
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION APPROVES GRANTS THAT ARE BUDGETED AND MEET WITH THE ORGANIZATIONS MISSION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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/ExplanationTxt5OTHER 44,149.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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 IX, LINE 11G
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 12D, III-O
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 8626
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PORTLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd097207
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01134680
IRS990/TotalAssetsEOYAmt0999255
IRS990/TotalAssetsGrp/BOYAmt01134680
IRS990/TotalAssetsGrp/EOYAmt0999255
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0428013
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01037162
IRS990/TotalLiabilitiesEOYAmt0886675
IRS990/TotalLiabilitiesGrp/BOYAmt01037162
IRS990/TotalLiabilitiesGrp/EOYAmt0886675
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt097518
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0112580
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0442243
IRS990/TotalReportableCompFromOrgAmt095000
IRS990/TotalRevenueGrp/ExclusionAmt0443075
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0443075
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01134680
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0999255
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01545
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt097518
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0112580
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0240 N BROADWAY STE 128
IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd0972271881
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.OREGONWAVE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON BUSCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05035245621
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OREGON WAVE ENERGY TRUST
ReturnHeader/Filer/BusinessNameControlTxt0OREG
ReturnHeader/Filer/EIN0208308559
ReturnHeader/Filer/PhoneNum05035245621
ReturnHeader/Filer/USAddress/AddressLine1Txt0240 N BROADWAY NO 128
ReturnHeader/Filer/USAddress/CityNm0PORTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd0972271881
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04BFA8F31D4025EC6567480E7DE9193E84CD5C1AF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0152771DFACD1F00D834901529B1F8488AF9B8A65
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.95.39.225
ReturnHeader/FilingSecurityInformation/IPDt02017-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm010:36:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0930743240
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOFFMAN STEWART & SCHMIDT PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04900 MEADOWS ROAD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE OSWEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0970353295
ReturnHeader/PreparerPersonGrp/PhoneNum05032205900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GEORGE H HUGHES
ReturnHeader/ReturnTs02017-11-15T10:54:25-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$999,255
Liabilities
$886,675
Net assets
$112,580
Revenue
$443,075
Expenses
$428,013
Net income
$15,062
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