Civic Intelligence

The Global Foundation for Ocean Exploration Inc.

990 • Fiscal year 2016 • EIN 46-0814861

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 06, 2017

Organization ProfileWWW.ENGINEERINGFORDISCOVERY.ORG

View Organization Page

PO Box 417Mystic, CT 06355

(860) 572-7979

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.12x

Higher debt load relative to assets than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

0.05x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

86th percentile

30%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

96th percentile

$393,463

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

99th percentile

590%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

100th percentile

1992%

Faster revenue growth than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$1,581,694

Up $1,352,333 (+590%) from 2015

Net Assets

Up

$1,392,387

Up $1,188,026 (+581%) from 2015

Liabilities

Up

$189,307

Up $164,307 (+657%) from 2015

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin86th percentile

Revenue

Up

$3,980,020

Up $3,789,768 (+1992%) from 2015

Expenses

Up

$2,789,213

Up $2,529,793 (+975%) from 2015

Net Income

Up

$1,190,807

Up $1,259,975 (+1822%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $79,565Liabilities 2013: $02013Assets 2014: $277,379Liabilities 2014: $3,850Net Assets 2014: $273,5292014Assets 2015: $229,361Liabilities 2015: $25,000Net Assets 2015: $204,3612015Assets 2016: $1,581,694Liabilities 2016: $189,307Net Assets 2016: $1,392,3872016Assets 2017: $2,547,749Liabilities 2017: $369,320Net Assets 2017: $2,178,4292017Assets 2018: $3,098,988Liabilities 2018: $326,971Net Assets 2018: $2,772,0172018Assets 2019: $3,222,684Liabilities 2019: $365,002Net Assets 2019: $2,857,6822019Assets 2020: $3,370,619Liabilities 2020: $496,935Net Assets 2020: $2,873,6842020Assets 2021: $2,739,847Liabilities 2021: $288,476Net Assets 2021: $2,451,3712021Assets 2022: $2,377,435Liabilities 2022: $306,512Net Assets 2022: $2,070,9232022Assets 2023: $2,116,191Liabilities 2023: $439,316Net Assets 2023: $1,676,8752023Assets 2024: $1,772,099Liabilities 2024: $174,174Net Assets 2024: $1,597,9252024

Highlighted filing

2016

Assets$1,581,694
Liabilities$189,307
Net Assets$1,392,387
Open 2016 Filing

Operations Trend

Revenue Growth100th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $122,953Expenses 2013: $44,110Net Income 2013: $78,8432013Revenue 2014: $271,216Expenses 2014: $77,252Net Income 2014: $193,9642014Revenue 2015: $190,252Expenses 2015: $259,420Net Income 2015: -$69,1682015Revenue 2016: $3,980,020Expenses 2016: $2,789,213Net Income 2016: $1,190,8072016Revenue 2017: $4,022,172Expenses 2017: $3,236,130Net Income 2017: $786,0422017Revenue 2018: $4,405,420Expenses 2018: $3,811,832Net Income 2018: $593,5882018Revenue 2019: $6,934,718Expenses 2019: $6,849,053Net Income 2019: $85,6652019Revenue 2020: $4,870,398Expenses 2020: $4,849,066Net Income 2020: $21,3322020Revenue 2021: $5,589,475Expenses 2021: $5,975,904Net Income 2021: -$386,4292021Revenue 2022: $5,107,205Expenses 2022: $5,487,653Net Income 2022: -$380,4482022Revenue 2023: $5,022,655Expenses 2023: $5,416,703Net Income 2023: -$394,0482023Revenue 2024: $4,606,156Expenses 2024: $4,685,106Net Income 2024: -$78,9502024

Highlighted filing

2016

Revenue$3,980,020
Expenses$2,789,213
Net Income$1,190,807
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$3,980,020
Mission and Program Overview

Mission

To empower the global underwater science community with the tools and expertise required to explore the greatest depths of the planet's largest and deepest bodies of water and return with discoveries that amaze and inspire a global audience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$143,904$1,294,646▲ $1,150,742
Accounts Receivable-$269,054-
Savings and Temporary Cash Investments$71,561$0▼ $71,561
Loans From Officers Directors$25,000--
Cash and Non-Interest-Bearing Accounts$6,194$6,844▲ $650
Prepaid Expenses and Deferred Charges-$5,606-
Intangible Assets$7,702$5,544▼ $2,158
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$229,361$1,581,694▲ $1,352,333
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$170,089-
Deferred Revenue-$19,218-
Total Liabilities$25,000$189,307▲ $164,307
Net Assets / Fund Balance
Unrestricted Net Assets$130,903$1,391,867▲ $1,260,964
Temporarily Rstr Net Assets$73,458$520▼ $72,938
Total Net Assets Fund Balance$204,361$1,392,387▲ $1,188,026
Total Liabilities and Net Assets / Fund Balance$229,361$1,581,694▲ $1,352,333

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,291,749$46,464$1,338,213
Other Land Buildings$2,897$790$3,687
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David LovalvoPresidentFT$303,463$90,000$393,463
Melissa RyanVice PresidentFT$128,989-$128,989

Board Members and Trustees

NameTitle
Harlan KreditDirector
Cynthia SheredaSec/treas

Highest Paid Contractors

ContractorServicesLocationCompensation
Daniel RogersData-network Enginee80 VALLEY VIEW DRIVE, Bristol, VT 05443$147,219
Joshua CarlsonVideo-satellite Engi7739 33RD LANE E, Sarasota, FL 34243$124,723
Roland BrianMarine Engineer30 WATCH HILL WAY, South Kingstown, RI 02879$120,756
Todd GregoryMechanical EngineerPO BOX 3831, Newport, RI 02840$111,296
-Mechanical & Softwar113 4TH STREET, Providence, RI 02906$104,796
Revenue and Support

Revenue Composition

Contributions and Grants
$3,978,472
Program Service Revenue
$0
Investment Income
$287
Other Revenue
$1,261
All Other Contributions
$117,796
Change in Net Assets
$1,190,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,980,020
Total Revenue per Audited Statements
$3,980,020
Total Revenue per Form 990
$3,980,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,272,969
Salaries, Compensation, and Employee Benefits$516,244
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,943,788--$1,943,788
Current Officers, Directors, Trustees, and Key Employees$440,405--$440,405
Travel$69,325$2,614-$71,939
Other Salaries and Wages$29,135$23,365-$52,500
Depreciation Depletion$31,921$2,250-$34,171
Payroll Taxes$20,220$3,119-$23,339
All Other Expenses$5,340$9,703-$15,043
Other Expenses$7,205$868-$8,073
Occupancy$14$7,200-$7,214
Fees for Services Accounting-$6,100-$6,100
Total Functional Expenses$2,726,905$62,308$0$2,789,213

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,789,213
Total Expenses per Audited Statements$2,789,213
Total Expenses per Form 990$2,789,213
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
David LovalvoOfficerResearch Vessel LeasNo$90,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$25,000--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

“A copy of form 990 is provided to each board member for their review and comment prior to being filed with the irs.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Related party transactions are brought before the board for approval prior to execution.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Gfoe reviewed other organizations' forms 990, undertook compensation research, and obtained board approval for compensation.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Organization documents are all available upon request”

Filing and Contact Details

Filer

Filer Name
The Global Foundation for Ocean
EIN
46-0814861
Phone
8605727979
Address
PO BOX 417, MYSTIC, CT 06355

Signing Officer

Name
David Lovalvo
Title
President
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Lovalvo
Formed
2012
Legal Domicile
Ct
Voting Board Members
4
Independent Board Members
2
Employees
3
Volunteers
2

Preparer

Firm
Lewitz Balosie Wollack Rayner & Giroux LLC
Address
36 Elm St, Old Saybrook, CT 06475
Preparer
Joseph J Wollack CPA
Phone
8603884451
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“OTHER PROGRAM SERVICES 4: GFOE engaged in a number of other activities that advanced ocean exploration and research.”

Raw XML AppendixShowing 400 of 477 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/ActivityOrMissionDesc0TO EMPOWER THE GLOBAL UNDERWATER SCIENCE COMMUNITY WITH THE TOOLS AND EXPERTISE REQUIRED TO EXPLORE THE GREATEST DEPTHS OF THE PLANET'S LARGEST AND DEEPEST BODIES OF WATER AND RETURN WITH DISCOVERIES THAT AMAZE AND INSPIRE A GLOBAL AUDIENCE.
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IRS990/Desc0Advancement of deep submergence vehicles, equipment and telepresence systems including the design, engineering and development of sampling capabilities for government owned underwater robots; conducted major ocean exploration expeditions; trained film makers and engineers. GFOE provided technical expertise in the area of telepresence-enabled ocean exploration cruises aboard the NOAA Ship Okeanos Explorer to collect critical baseline information to meet NOAA science and management needs in OERs Campaign to Address Pacific Monument Science, Technology, and Ocean Needs (CAPSTONE). Exploration in 2016 included the Pacific Remote Islands Monument, which ranges from Wake Atoll in the northwest, to Jarvis Island. These undersea environments are critical for fisheries, may reveal new species, and lead to the discovery of important mineral resources. GFOE data managers are responsible for recording, organizing, and transferring to shore the 15 terabytes of data gathered during an expedition. GFOE continues to ensure that ocean exploration expeditions are conducted by well-trained teams; document, improve, and expand ocean exploration technologies and procedures; expand the ocean exploration workforce by training the next generation of ocean exploration engineers, data and telepresence experts; and promote the activities and programs of NOAA OER to a global audience. Capitalized equipment costing $874,442 was acquired as part of this program.
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO EMPOWER THE GLOBAL UNDERWATER SCIENCE COMMUNITY WITH THE TOOLS AND EXPERTISE REQUIRED TO EXPLORE THE GREATEST DEPTHS OF THE PLANET'S LARGEST AND DEEPEST BODIES OF WATER AND RETURN WITH DISCOVERIES THAT AMAZE AND INSPIRE A GLOBAL AUDIENCE.
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/ProgramServicesAmt014
IRS990/OccupancyGrp/TotalAmt07214
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0EQUIPMENT LEASE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3Insurance
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1560
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2868
IRS990/OtherExpensesGrp/ProgramServicesAmt090000
IRS990/OtherExpensesGrp/ProgramServicesAmt175301
IRS990/OtherExpensesGrp/ProgramServicesAmt214251
IRS990/OtherExpensesGrp/ProgramServicesAmt37205
IRS990/OtherExpensesGrp/TotalAmt090000
IRS990/OtherExpensesGrp/TotalAmt181830
IRS990/OtherExpensesGrp/TotalAmt214811
IRS990/OtherExpensesGrp/TotalAmt38073
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01261
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IRS990/OtherRevenueTotalAmt01261
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023365
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt029135
IRS990/OtherSalariesAndWagesGrp/TotalAmt052500
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03119
IRS990/PayrollTaxesGrp/ProgramServicesAmt020220
IRS990/PayrollTaxesGrp/TotalAmt023339
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05606
IRS990/PrincipalOfficerNm0DAVID LOVALVO
IRS990/PriorPeriodAdjustmentsAmt0-2781
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0GFOE provided engineering and technical operations for a multi-partner research project assessing geophysical and geochemical activity in Yellowstone Lake. Provided design, engineering, fabrication and testing of underwater equipment. GFOE was technical lead during the 2016 field season while scientists investigated underwater volcanos/hydrothermal vents. GFOE designed and created a new Remotely Operated Vehicle for underwater exploration specifically to sample the thermal features at its bottom. Capitalized equipment costing $162,768 was acquired as part of this program.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0274990
IRS990/ProgSrvcAccomActy3Grp/Desc0GFOE integrated a satellite antenna on a federal ship; developed protocols and procedures for integration, operation, maintenance, and repair of satellite antenna. The GFOE state-of-the-art satellite communication system was integrated and the data management system was upgraded onboard the NOAA Ship Okeanos Explorer. In addition, GFOE, in partnership, is designing new telepresence capabilities, which will be made available to the marine science community, by creating a state of the art mobile telepresence satellite communications system.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0102213
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0190179
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt073
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0259420
IRS990/PYRevenuesLessExpensesAmt0-69168
IRS990/PYTotalExpensesAmt0259420
IRS990/PYTotalRevenueAmt0190252
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01190807
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt071561
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03978471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0190179
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0271109
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0122874
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt014850
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04577483
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0287
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt073
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt087
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt079
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0526
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01261
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01261
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt04554894
IRS990ScheduleA/SubstantialContributorsTotAmt022589
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03978471
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0190179
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0271109
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0122874
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt014850
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04577483
IRS990ScheduleA/TotalSupportAmt04579270
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01291749
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046464
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01338213
IRS990ScheduleD/ExpensesSubtotalAmt02789213
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02897
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0790
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03687
IRS990ScheduleD/RevenueSubtotalAmt03980020
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01294646
IRS990ScheduleD/TotalExpensesPerForm990Amt02789213
IRS990ScheduleD/TotalRevenuePerForm990Amt03980020
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03980020
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02789213
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0303463
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt090000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID LOVALVO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0393463
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0DAVID LOVALVO'S COMPENSATION INCLUDES $90,000 FOR THE LEASE OF A RESEARCH VESSEL THAT HE OWNS WHICH WAS USED FOR A SCIENTIFIC EXPEDITION ON YELLOWSTONE LAKE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Additional Information
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DAVID LOVALVO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt090000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RESEARCH VESSEL LEAS
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: GFOE engaged in a number of other activities that advanced ocean exploration and research.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR THEIR REVIEW AND COMMENT PRIOR TO BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RELATED PARTY TRANSACTIONS ARE BROUGHT BEFORE THE BOARD FOR APPROVAL PRIOR TO EXECUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GFOE REVIEWED OTHER ORGANIZATIONS' FORMS 990, UNDERTOOK COMPENSATION RESEARCH, AND OBTAINED BOARD APPROVAL FOR COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATION DOCUMENTS ARE ALL AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,581,694
Liabilities
$189,307
Net assets
$1,392,387
Revenue
$3,980,020
Expenses
$2,789,213
Net income
$1,190,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.17$1.60$4.61$4.69$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.12$0.44$1.68$5.02$5.42$0.39
2022Detailed filing. Detailed filing data is available for this year.$2.38$0.31$2.07$5.11$5.49$0.38
2021Detailed filing. Detailed filing data is available for this year.$2.74$0.29$2.45$5.59$5.98$0.39
2020Detailed filing. Detailed filing data is available for this year.$3.37$0.50$2.87$4.87$4.85$0.02
2019Detailed filing. Detailed filing data is available for this year.$3.22$0.37$2.86$6.93$6.85$0.09
2018Detailed filing. Detailed filing data is available for this year.$3.10$0.33$2.77$4.41$3.81$0.59
2017Detailed filing. Detailed filing data is available for this year.$2.55$0.37$2.18$4.02$3.24$0.79
2016Detailed filing. Detailed filing data is available for this year.$1.58$0.19$1.39$3.98$2.79$1.19
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.03$0.20$0.19$0.26$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.27$0.27$0.08$0.19
2013Summary only. Only limited summary data is available for this year.$0.08$0.00$0.12$0.04$0.08