Civic Intelligence

The Taras Oceanographic Foundation

990 • Fiscal year 2020 • EIN 65-1052460

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 15, 2021

5905 Stonewood CTJupiter, FL 33458

(561) 743-7683

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

94th percentile

71%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

97th percentile

635%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

383%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$141,792

Up $122,505 (+635%) from 2019

Net Assets

Up

$141,750

Up $122,463 (+635%) from 2019

Liabilities

Up

$42

Up $42 from 2019

Revenue

Up

$171,779

Up $136,189 (+383%) from 2019

Expenses

Up

$49,316

Up $11,203 (+29%) from 2019

Net Income

Up

$122,463

Up $124,986 (+4954%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2010: $1,087Liabilities 2010: $57Net Assets 2010: $1,0302010Assets 2011: $627Liabilities 2011: $2,234Net Assets 2011: -$1,6072011Assets 2012: $4,911Liabilities 2012: $3,678Net Assets 2012: $1,2332012Assets 2013: $2,103Liabilities 2013: $1,029Net Assets 2013: $1,0742013Assets 2016: $4,517Liabilities 2016: $111Net Assets 2016: $4,4062016Assets 2017: $9,747Liabilities 2017: $0Net Assets 2017: $9,7472017Assets 2018: $26,250Liabilities 2018: $4,335Net Assets 2018: $21,9152018Assets 2019: $19,287Liabilities 2019: $0Net Assets 2019: $19,2872019Assets 2020: $141,792Liabilities 2020: $42Net Assets 2020: $141,7502020Assets 2021: $121,671Liabilities 2021: -$146Net Assets 2021: $121,8172021Assets 2022: $160,862Liabilities 2022: $0Net Assets 2022: $160,8622022Assets 2023: $161,590Liabilities 2023: $0Net Assets 2023: $161,5902023Assets 2024: $163,640Liabilities 2024: $0Net Assets 2024: $163,6402024

Highlighted filing

2020

Assets$141,792
Liabilities$42
Net Assets$141,750

Operations Trend

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

$200K$150K$100K$50K$0-$50KExpenses 2010: $7,7842010Expenses 2011: $10,9572011Expenses 2012: $5,2652012Revenue 2013: $6,354Expenses 2013: $6,513Net Income 2013: -$1592013Revenue 2016: $37,526Expenses 2016: $32,801Net Income 2016: $4,7252016Revenue 2017: $31,133Expenses 2017: $25,312Net Income 2017: $5,8212017Revenue 2018: $54,803Expenses 2018: $42,635Net Income 2018: $12,1682018Revenue 2019: $35,590Expenses 2019: $38,113Net Income 2019: -$2,5232019Revenue 2020: $171,779Expenses 2020: $49,316Net Income 2020: $122,4632020Revenue 2021: $42,815Expenses 2021: $62,254Net Income 2021: -$19,4392021Revenue 2022: $95,260Expenses 2022: $56,215Net Income 2022: $39,0452022Revenue 2023: $25,492Expenses 2023: $24,764Net Income 2023: $7282023Revenue 2024: $31,028Expenses 2024: $28,978Net Income 2024: $2,0502024

Highlighted filing

2020

Revenue$171,779
Expenses$49,316
Net Income$122,463
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 15, 2021
Return Version
2020v4.0
Gross Receipts
$171,779
Mission and Program Overview

Mission

Marine research & education in south eastern united states

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,287$129,792▲ $122,505
Total Assets$19,287$141,792▲ $122,505
Other Assets Total$12,000$12,000→ $0
Liabilities
Unsecured Notes Loans Payable-$42-
Total Liabilities$0$42▲ $42
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,287$141,750▲ $122,463
Total Net Assets Fund Balance$19,287$141,750▲ $122,463
Total Liabilities and Net Assets / Fund Balance$19,287$141,792▲ $122,505

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$2,500$2,500
Other Assets Org$12,000--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$171,779
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$53,329
Change in Net Assets
$122,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$49,316
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$25,402--$25,402
Other Expenses$8,000--$8,000
Information Technology$2,524--$2,524
Advertising$1,569--$1,569
Office Expenses$1,471--$1,471
Fees for Services Accounting$350--$350
Total Functional Expenses$49,316$0$0$49,316
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
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

Completed form 990 given to board members for review & comment prior to filing directors conduct a verbal annual review at a board meeting

Form 990, Page 6, Part VI, Line 11B

Completed form 990 given to board members for review & comment prior to filing directors conduct a verbal annual review at a board meeting

Form 990, Page 6, Part VI, Line 12C

Written conflict of interest policy

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Taras Oceanographic Foundation
EIN
65-1052460
Phone
5617437683
Address
5905 STONEWOOD CT, JUPITER, FL 33458

Signing Officer

Name
Dr Stefan Harzen
Title
Chairman/CEO
Phone
5617437683
Signed
2021-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Stefan Harzen
Formed
1998
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
12

Preparer

Firm
Stedman-fleury
Address
3931 RCA BLVD SUITE 3101, PALM BEACH GARDENS, FL 33410
Preparer
Justin C Ackerman
Phone
5616240522
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Marine research & education in south eastern united states.

Form 990, Part IX, Line 11G

Pb dolphn project 11,076 0 0 ocean notes concert 4,616 0 0 dues & subscriptions 270 0 0 equipment 318 0 0 license & permits 205 0 0 miscellaneous 842 0 0 meet the scientist 349 0 0 consulting 7,500 0 0 contributions 20 0 0 ocean sentinels club 206 0 0 total 25,402 0 0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLETED FORM 990 GIVEN TO BOARD MEMBERS FOR REVIEW & COMMENT PRIOR TO FILING DIRECTORS CONDUCT A VERBAL ANNUAL REVIEW AT A BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLETED FORM 990 GIVEN TO BOARD MEMBERS FOR REVIEW & COMMENT PRIOR TO FILING DIRECTORS CONDUCT A VERBAL ANNUAL REVIEW AT A BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WRITTEN CONFLICT OF INTEREST POLICY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PB DOLPHN PROJECT 11,076 0 0 OCEAN NOTES CONCERT 4,616 0 0 DUES & SUBSCRIPTIONS 270 0 0 EQUIPMENT 318 0 0 LICENSE & PERMITS 205 0 0 MISCELLANEOUS 842 0 0 MEET THE SCIENTIST 349 0 0 CONSULTING 7,500 0 0 CONTRIBUTIONS 20 0 0 OCEAN SENTINELS CLUB 206 0 0 TOTAL 25,402 0 0
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03931 RCA BLVD SUITE 3101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PALM BEACH GARDENS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033410
ReturnHeader/PreparerPersonGrp/PhoneNum05616240522
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUSTIN C ACKERMAN
ReturnHeader/ReturnTs02021-07-20T10:02:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEFAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HARZEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.31$0.29$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.25$0.25$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.95$0.56$0.39
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.43$0.62$0.19
2020Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$1.72$0.49$1.22
2019Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.36$0.38$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.26$0.04$0.22$0.55$0.43$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.31$0.25$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.04$0.38$0.33$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.06$0.07$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.04$0.01$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.02$0.02$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.08