Civic Intelligence

Oceangate Foundation

EIN 46-3977125 • 501(c)3 • Washington, DC

Pub. 78 Eligible990-N Coverage

Profile

Marine science research support

2000 P Street NWWashington, DC 20036

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

2.31x

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

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

4.26x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

9th percentile

-102%

Higher net margin than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

20th percentile

-43%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-75%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$73,743

Down $56,266 (-43%) from 2022

Liabilities

Down

$170,468

Down $15,365 (-8.3%) from 2022

Net Assets

Down

-$96,725

Down $40,901 (-73%) from 2022

Revenue

Down

$40,000

Down $118,239 (-75%) from 2022

Expenses

Down

$80,901

Down $62,009 (-43%) from 2022

Net Income

Down

-$40,901

Down $56,230 (-367%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$100K$0-$100KAssets 2013: $1Liabilities 2013: $02013Assets 2014: $3,000Net Assets 2014: $3,0002014Assets 2015: $3,000Liabilities 2015: $02015Assets 2021: $114,580Liabilities 2021: $185,833Net Assets 2021: -$71,2532021Assets 2022: $130,009Liabilities 2022: $185,833Net Assets 2022: -$55,8242022Assets 2023: $73,743Liabilities 2023: $170,468Net Assets 2023: -$96,7252023

Highlighted filing

2023

Assets$73,743
Liabilities$170,468
Net Assets-$96,725

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2013: $2,593Expenses 2013: $2,593Net Income 2013: $02013Revenue 2014: $3,493Expenses 2014: $493Net Income 2014: $3,0002014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2021: $133,200Expenses 2021: $122,863Net Income 2021: $10,3372021Revenue 2022: $158,239Expenses 2022: $142,910Net Income 2022: $15,3292022Revenue 2023: $40,000Expenses 2023: $80,901Net Income 2023: -$40,9012023

Highlighted filing

2023

Revenue$40,000
Expenses$80,901
Net Income-$40,901

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 30, 2024
Return Version
2023v5.1
Gross Receipts
$40,000
Mission and Program Overview

Mission

Marine science research support

To support research into ocean exploration, marine science, and underwater archaeology.

Program Services

DescriptionGrantsExpenses
The organization gave grants to researchersin marine sciences$44,500$44,500
The organization launched various ocean explorationexpeditions$0$26,811
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David WilliamsonPresident-$0--
Chris BecholdVice President-$0--
Wendy RushTreasurer-$0--
Steven PhelpsDirector-$0--
Filing and Contact Details

Filer

Filer Name
Oceangate Foundation
EIN
46-3977125
Phone
2023024258
Address
2000 P Street NW, Washington, DC 20036

Signing Officer

Name
David Williamson
Title
President
Phone
2023024258
Signed
2024-09-30

Preparer

Firm
Henry B Murphy Jr
Address
26 BIRCHWOOD COURT, PRINCETON JUNCTION, NJ 08550
Preparer
Henry B Murphy Jr CPA
Phone
6094972929
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 10

Marine Archaelogy; Research; University of Rhode Island Foundation: 79 Upper College Road, Kingstono, RI, 02881; None, 30000.

Form 990EZ, Part I, Line 10

Genetics and Marine Archaelogy; Research; Professor Bridget Buxton , PhD: 79 Upper College Road, Kingstono, RI, 02881; None, 12000.

Form 990EZ, Part I, Line 10

Marine research; Research; : , , , ; , 2500.

Form 990EZ, Part I, Line 16

Ocean exploration expeditions 26811.

Form 990EZ, Part I, Line 16

Website 2569.

Form 990EZ, Part I, Line 16

Administration 488.

Form 990EZ, Part I, Line 16

Insurance 2030.

Form 990EZ, Part I, Line 16

Rounding 1.

Form 990EZ, Part II, Line 26

Acounts payable and accrued expenses 5412. 5412.

Form 990EZ, Part II, Line 26

Loans to relatd party 180421. 165056.

Raw XML Appendix199 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Marine Archaelogy; Research; University of Rhode Island Foundation: 79 Upper College Road, Kingstono, RI, 02881; None, 30000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Genetics and Marine Archaelogy; Research; Professor Bridget Buxton , PhD: 79 Upper College Road, Kingstono, RI, 02881; None, 12000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Marine research; Research; : , , , ; , 2500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Ocean exploration expeditions 26811.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Administration 488.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Insurance 2030.
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ReasonableCauseExplanation/ExplanationTxt0Our founder and board treasurer died on June 18, 2023 during an accident at sea. As a result, our small organization was thrown into dissaray, causing us to be late filing our 990. We have filed in those roles to prevent future filing issues.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0David Williamson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02023024258
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Oceangate Foundation
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ReturnHeader/Filer/EIN0463977125
ReturnHeader/Filer/PhoneNum02023024258
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HENRY B MURPHY JR CPA
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ReturnHeader/ReturnTs02024-10-28T16:40:12-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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