Civic Intelligence

Oceangate Foundation

990EZ • Fiscal year 2021 • EIN 46-3977125

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 07, 2022

Organization ProfileWWW.OCEANGATEFOUNDATION.ORG
1324 Lexington Way EastSeattle, WA 98112

(206) 949-7391

Siviq Scores

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

Liabilities / Assets

96th percentile

1.62x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

1.40x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

49th percentile

7.8%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$114,580

Up $111,580 (+3719%) from 2015

Net Assets

-$71,253

No earlier filing loaded for comparison.

Liabilities

Up

$185,833

Up $185,833 from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin49th percentile

Revenue

Up

$133,200

Up $133,200 from 2015

Expenses

Up

$122,863

Up $122,863 from 2015

Net Income

Up

$10,337

Up $10,337 from 2015

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2021

Assets$114,580
Liabilities$185,833
Net Assets-$71,253
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$133,200
Expenses$122,863
Net Income$10,337
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.2
Gross Receipts
$133,200
Mission and Program Overview

Mission

Marine science research support

OCEAN EXPLORATION.

Program Services

DescriptionGrantsExpenses
TO LOCATE AND REFURBISH MANNED SUBMERSIBLES AND PROVIDE THEM TO INTERESTED COMMUNITIES FOR SCIENCE, MARINE, ENGINEERING, AND EDUCATIONAL PRUPOSES.$0$101,796
EXPLORATIONS, RESEARCH, AND OUTREACH.$0$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID WILLIAMSONPresident-$0--
STOCKTON RUSHTreasurer-$0--
STEVE PHELPSSecretary-$0--
WENDY RUSHDirector-$0--
CHRIS BECHHOLDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Oceangate Foundation
EIN
46-3977125
Phone
2069497391
Address
1324 LEXINGTON WAY EAST, SEATTLE, WA 98112

Signing Officer

Name
David Williamson
Title
President
Phone
2069497391
Signed
2022-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Jacobson Jarvis & Co Pllc
Address
200 FIRST AVE WEST SUITE 200, SEATTLE, WA 98119-4219
Preparer
Howard Donkin CPA
Phone
2066288990
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: business registration fees. Amount: 95. Description: equipment. Amount: 5,000. Description: insurance. Amount: 2,031. Description: interest. Amount: 2,600. Description: travel. Amount: 13,082. Description: miscellaneous. Amount: 12,402. Total to form 990-ez, line 16: 35,210.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accrued interest. Beg. Of year amount: 5,412. End of year amount: 5,412. Description: natomas partners loan. Beg. Of year amount: 180,421. End of year amount: 180,421.”

Raw XML Appendix165 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SEATTLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
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IRS990EZ/GrossReceiptsAmt0133200
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAVID WILLIAMSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1STOCKTON RUSH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2STEVE PHELPS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3WENDY RUSH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CHRIS BECHHOLD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt035210
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0OCEAN EXPLORATION.
IRS990EZ/PrintingPublicationsPostageAmt0227
IRS990EZ/ProgramServiceRevenueAmt05280
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1EXPLORATIONS, RESEARCH, AND OUTREACH.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
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IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0WA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0185833
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0185833
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt0101796
IRS990EZ/TotalRevenueAmt0133200
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.OCEANGATEFOUNDATION.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0127920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt032000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0137522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0155655
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0155655
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0453097
IRS990ScheduleA/TotalSupportAmt0453097
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BUSINESS REGISTRATION FEES. AMOUNT: 95. DESCRIPTION: EQUIPMENT. AMOUNT: 5,000. DESCRIPTION: INSURANCE. AMOUNT: 2,031. DESCRIPTION: INTEREST. AMOUNT: 2,600. DESCRIPTION: TRAVEL. AMOUNT: 13,082. DESCRIPTION: MISCELLANEOUS. AMOUNT: 12,402. TOTAL TO FORM 990-EZ, LINE 16: 35,210.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCRUED INTEREST. BEG. OF YEAR AMOUNT: 5,412. END OF YEAR AMOUNT: 5,412. DESCRIPTION: NATOMAS PARTNERS LOAN. BEG. OF YEAR AMOUNT: 180,421. END OF YEAR AMOUNT: 180,421.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID WILLIAMSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02069497391
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-07
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ReturnHeader/Filer/EIN0463977125
ReturnHeader/Filer/PhoneNum02069497391
ReturnHeader/Filer/USAddress/AddressLine1Txt01324 LEXINGTON WAY EAST
ReturnHeader/Filer/USAddress/CityNm0SEATTLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098112
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0912011386
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JACOBSON JARVIS & CO PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 FIRST AVE WEST SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEATTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981194219
ReturnHeader/PreparerPersonGrp/PhoneNum02066288990
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD DONKIN CPA
ReturnHeader/ReturnTs02022-11-14T10:07:33-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WILLIAMSON
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$114,580
Liabilities
$185,833
Net assets
-$71,253
Revenue
$133,200
Expenses
$122,863
Net income
$10,337
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.74$1.70$0.97$0.40$0.81$0.41
2022Detailed filing. Detailed filing data is available for this year.$1.30$1.86$0.56$1.58$1.43$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.15$1.86$0.71$1.33$1.23$0.10
2015Summary only. Only limited summary data is available for this year.$0.03$0.00$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.03$0.00$0.03
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.03$0.03$0.00