Civic Intelligence

Ocean Genome Legacy Inc

990EZ • Fiscal year 2017 • EIN 26-3026038

Jan 01, 2017 to Dec 31, 2017 • Filed on May 03, 2018

Organization ProfileWWW.OGLF.ORG
240 County RoadIpswich, MA 01938

(978) 380-7485

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

5th percentile

-96%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

31st percentile

-8.0%

Faster asset growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-89%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$8,872

Down $769 (-8.0%) from 2016

Net Assets

Down

$8,872

Down $769 (-8.0%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin5th percentile

Revenue

Down

$800

Down $6,438 (-89%) from 2016

Expenses

Down

$1,569

Down $1,195 (-43%) from 2016

Net Income

Down

-$769

Down $5,243 (-117%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$800K$600K$400K$200K$0Assets 2010: $593,316Liabilities 2010: $0Net Assets 2010: $593,3162010Assets 2012: $765,207Liabilities 2012: $86,055Net Assets 2012: $679,1522012Assets 2013: $99,768Liabilities 2013: $16,310Net Assets 2013: $83,4582013Assets 2014: $46,539Liabilities 2014: $35,000Net Assets 2014: $11,5392014Assets 2015: $20,108Liabilities 2015: $14,942Net Assets 2015: $5,1662015Assets 2016: $9,641Net Assets 2016: $9,6412016Assets 2017: $8,872Net Assets 2017: $8,8722017Assets 2018: $8,299Net Assets 2018: $8,2992018Assets 2019: $7,337Net Assets 2019: $7,3372019Assets 2020: $7,122Net Assets 2020: $7,1222020Assets 2021: $6,907Net Assets 2021: $6,9072021Assets 2022: $6,707Net Assets 2022: $6,7072022Assets 2023: $0Net Assets 2023: $02023

Highlighted filing

2017

Assets$8,872
Liabilities-
Net Assets$8,872
Open 2017 Filing

Operations Trend

Revenue Growth3rd percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2010: $700,7872010Expenses 2012: $652,4572012Revenue 2013: $736,913Expenses 2013: $1,332,607Net Income 2013: -$595,6942013Revenue 2014: $539,400Expenses 2014: $611,319Net Income 2014: -$71,9192014Revenue 2015: $92,662Expenses 2015: $99,035Net Income 2015: -$6,3732015Revenue 2016: $7,238Expenses 2016: $2,764Net Income 2016: $4,4742016Revenue 2017: $800Expenses 2017: $1,569Net Income 2017: -$7692017Revenue 2018: $8,163Expenses 2018: $8,736Net Income 2018: -$5732018Expenses 2019: $9622019Expenses 2020: $2152020Expenses 2021: $2152021Expenses 2022: $2002022Expenses 2023: $6,7072023

Highlighted filing

2017

Revenue$800
Expenses$1,569
Net Income-$769
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 3, 2018
Return Version
2017v2.3
Gross Receipts
$800
Mission and Program Overview

Mission

The ocean genome legacy, inc. Is a non-profit marine research foundation and biological specimen repository dedicated to exploring and preserving information contained in the genes of endangered marine organisms.

Program Services

DescriptionGrantsExpenses
OCEAN GENOME LEGACY, INC.'S GOAL IS TO ACQUIRE, AUTHENTICATE, STUDY, PRESERVE, DEVELOP AND DISTRIBUTE GENETIC MATERIALS, BIOLOGICAL SPECIMENS, INFORMATION,TECHNOLOGY, AND STANDARDS NEEDED TO ADVANCE BASIC AND APPLIED NON-COMMERCIAL RESEARCH.--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRIAN TINGERAssistant Tr-$0--
DR JOHN H BENZIEDirector-$0--
DOUGLAS I FOYTreasurer-$0--
RICHARD ROBERTSPresident-$0--
Filing and Contact Details

Filer

Filer Name
Ocean Genome Legacy Inc
EIN
26-3026038
Phone
9783807485
Address
240 COUNTY ROAD, IPSWICH, MA 01938

Signing Officer

Name
Brian Tinger
Title
Assistant Treasurer
Phone
9783807485
Signed
2018-05-03
Discuss with paid preparer
Yes

Preparer

Firm
Romito Tomasetti & Associates Pc
Address
600 W CUMMINGS PARK STE 2000, WOBURN, MA 01801-6557
Preparer
Nancy a Mcwhirter
Phone
7819385600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office supplies and exp 218 total 218”

Form 990-ez, Part III

“The ocean genome legacy, inc. Is a non-profit marine research foundation and biological specimen repository dedicated to exploring and preserving information contained in the genes of endangered marine organisms.”

Form 990-ez, Part III, Line 28

“Ocean genome legacy, inc.'s goal is to acquire, authenticate, study, preserve, develop and distribute genetic materials, biological specimens, information,technology, and standards needed to advance basic and applied non-commercial research.”

Raw XML Appendix131 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0218
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE OCEAN GENOME LEGACY, INC. IS A NON-PROFIT MARINE RESEARCH FOUNDATION AND BIOLOGICAL SPECIMEN REPOSITORY DEDICATED TO EXPLORING AND PRESERVING INFORMATION CONTAINED IN THE GENES OF ENDANGERED MARINE ORGANISMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OCEAN GENOME LEGACY, INC.'S GOAL IS TO ACQUIRE, AUTHENTICATE, STUDY, PRESERVE, DEVELOP AND DISTRIBUTE GENETIC MATERIALS, BIOLOGICAL SPECIMENS, INFORMATION,TECHNOLOGY, AND STANDARDS NEEDED TO ADVANCE BASIC AND APPLIED NON-COMMERCIAL RESEARCH.
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt01569
IRS990EZ/TotalRevenueAmt0800
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.OGLF.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07238
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt092662
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES AND EXP 218 TOTAL 218
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OCEAN GENOME LEGACY, INC. IS A NON-PROFIT MARINE RESEARCH FOUNDATION AND BIOLOGICAL SPECIMEN REPOSITORY DEDICATED TO EXPLORING AND PRESERVING INFORMATION CONTAINED IN THE GENES OF ENDANGERED MARINE ORGANISMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OCEAN GENOME LEGACY, INC.'S GOAL IS TO ACQUIRE, AUTHENTICATE, STUDY, PRESERVE, DEVELOP AND DISTRIBUTE GENETIC MATERIALS, BIOLOGICAL SPECIMENS, INFORMATION,TECHNOLOGY, AND STANDARDS NEEDED TO ADVANCE BASIC AND APPLIED NON-COMMERCIAL RESEARCH.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
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ReturnHeader/ReturnTs02018-05-11T13:07:38-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,872
Liabilities
-
Net assets
$8,872
Revenue
$800
Expenses
$1,569
Net income
-$769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.01$0.01$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.01$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.09$0.10$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.04$0.01$0.54$0.61$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.10$0.02$0.08$0.74$1.33$0.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.09$0.68$0.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.70