Civic Intelligence

Ocearch

990 • Fiscal year 2014 • EIN 80-0708997

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization Profileocearch.org
1790 Bonanza DrivePark City, UT 84060

(435) 645-8990

Siviq Scores

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

Liabilities / Assets

89th percentile

0.53x

Higher debt load relative to assets than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

0.36x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

15th percentile

-30%

Faster asset growth than 15% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

30th percentile

-12%

Faster revenue growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$276,111

Down $115,938 (-30%) from 2013

Net Assets

Down

$130,705

Down $117,783 (-47%) from 2013

Liabilities

Up

$145,406

Up $1,845 (+1.3%) from 2013

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin12th percentile

Revenue

Down

$406,270

Down $53,300 (-12%) from 2013

Expenses

Up

$524,053

Up $286,380 (+120%) from 2013

Net Income

Down

-$117,783

Down $339,680 (-153%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$800K$600K$400K$200K$0Assets 2012: $67,770Liabilities 2012: $41,179Net Assets 2012: $26,5912012Assets 2013: $392,049Liabilities 2013: $143,561Net Assets 2013: $248,4882013Assets 2014: $276,111Liabilities 2014: $145,406Net Assets 2014: $130,7052014Assets 2015: $162,135Liabilities 2015: $30,220Net Assets 2015: $131,9152015Assets 2016: $196,878Liabilities 2016: $28,147Net Assets 2016: $168,7312016Assets 2017: $297,895Liabilities 2017: $9,760Net Assets 2017: $288,1352017Assets 2018: $113,793Liabilities 2018: $75,926Net Assets 2018: $37,8672018Assets 2019: $202,457Liabilities 2019: $21,338Net Assets 2019: $181,1192019Assets 2020: $285,430Liabilities 2020: $80,003Net Assets 2020: $205,4272020Assets 2021: $349,779Liabilities 2021: $76,412Net Assets 2021: $273,3672021Assets 2022: $156,413Liabilities 2022: $120,725Net Assets 2022: $35,6882022Assets 2023: $202,733Liabilities 2023: $146,301Net Assets 2023: $56,4322023Assets 2024: $616,965Liabilities 2024: $353,602Net Assets 2024: $263,3632024

Highlighted filing

2014

Assets$276,111
Liabilities$145,406
Net Assets$130,705
Open 2014 Filing

Operations Trend

Revenue Growth30th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $955,988Expenses 2012: $929,397Net Income 2012: $26,5912012Revenue 2013: $459,570Expenses 2013: $237,673Net Income 2013: $221,8972013Revenue 2014: $406,270Expenses 2014: $524,053Net Income 2014: -$117,7832014Revenue 2015: $328,677Expenses 2015: $327,467Net Income 2015: $1,2102015Revenue 2016: $578,728Expenses 2016: $541,938Net Income 2016: $36,7902016Revenue 2017: $285,437Expenses 2017: $487,796Net Income 2017: -$202,3592017Revenue 2018: $499,182Expenses 2018: $749,450Net Income 2018: -$250,2682018Revenue 2019: $840,593Expenses 2019: $714,591Net Income 2019: $126,0022019Revenue 2020: $957,721Expenses 2020: $933,413Net Income 2020: $24,3082020Revenue 2021: $1,342,057Expenses 2021: $1,274,117Net Income 2021: $67,9402021Revenue 2022: $1,005,250Expenses 2022: $1,242,929Net Income 2022: -$237,6792022Revenue 2023: $913,441Expenses 2023: $892,697Net Income 2023: $20,7442023Revenue 2024: $1,088,702Expenses 2024: $881,771Net Income 2024: $206,9312024

Highlighted filing

2014

Revenue$406,270
Expenses$524,053
Net Income-$117,783
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$406,270
Mission and Program Overview

Mission

Ocearch's mission is a data-centric organization working to provide scientists with previously unattainable data through collaborative oceanic research expeditions. They accelerate the ocean's return to balance and abundance through fearless innovations in scientific research, education, outreach, and policy using unique collaborations of individuals and organizations in the u.s and abroad.

Ocearch's mission is to conduct, sponsor, or fund research and educate and inform the public on sustainable fisheries management, the identification, reduction and prevention of marine debris, and generally issues affecting the oceans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$157,726$124,060▼ $33,666
Pledges and Grants Receivable$196,448$114,402▼ $82,046
Cash and Non-Interest-Bearing Accounts$6,651$19,066▲ $12,415
Prepaid Expenses and Deferred Charges$31,224$14,683▼ $16,541
Total Assets$392,049$276,111▼ $115,938
Other Assets Total-$3,900-
Liabilities
Accounts Payable and Accrued Expenses$143,561$145,406▲ $1,845
Total Liabilities$143,561$145,406▲ $1,845
Net Assets / Fund Balance
Temporarily Rstr Net Assets$196,448$100,000▼ $96,448
Unrestricted Net Assets$52,040$30,705▼ $21,335
Total Net Assets Fund Balance$248,488$130,705▼ $117,783
Total Liabilities and Net Assets / Fund Balance$392,049$276,111▼ $115,938
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Chris FischerChairman of the Board
Al PerkinsonVice Chairman of the Board
Bill KulczyckiDirector
Brandon HuntDirector
Greg Schildwachter Ph DDirector
Michael AltmanDirector
Paul ViganoDirector
Peter BordesDirector
Rob StricklandDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$388,162
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$18,108
All Other Contributions
$388,162
Change in Net Assets
$-117,783

Audited Revenue Reconciliation

Revenue per Audited Statements
$406,270
Revenue Not Reported on Form 990
$1,463,097
Total Revenue per Audited Statements
$1,869,367
Total Revenue per Form 990
$406,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$374,523
Salaries, Compensation, and Employee Benefits$139,030
Total Fundraising Expense$101,137
Professional Fundraising Fees$10,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$203,032$21,075$81,211$305,318
Other Salaries and Wages$42,389$78,004$8,756$129,149
Depreciation Depletion$45,441$0$0$45,441
Fees for Services Accounting$745$20,194$0$20,939
Fees for Services Professional Fundraising--$10,500$10,500
Payroll Taxes$3,243$5,968$670$9,881
Insurance$2,825$0$0$2,825
Total Functional Expenses$297,675$125,241$101,137$524,053

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,987,150
Expenses Not Reported on Form 990$1,463,097
Expenses per Audited Statements$524,053
Total Expenses per Form 990$524,053
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$10,500
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
Chris FischerChairman of the BoardSee Part V, Supplemental InfoNo$1,473,387
Peter BordesDirectorSee Part V, Supplemental InfoNo$48,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Filing and Contact Details

Filer

Filer Name
Ocearch
EIN
80-0708997
Phone
4356458990
Address
1790 BONANZA DRIVE, PARK CITY, UT 84060

Signing Officer

Name
Chris Fischer
Title
Chairman of the Board of Directors
Phone
4356458990
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Fischer
Formed
2011
Legal Domicile
Ut
Voting Board Members
8
Independent Board Members
7
Employees
5
Volunteers
10

Preparer

Firm
Ruth Payne Pllc
Address
10109 DIXIE HWY, LOUISVILLE, KY 40272
Preparer
Ruth Payne
Phone
5029330693
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Chris fischer, chairman of the board of directors, is a member of fischer productions, llc and sole member of ocearch exploration services, which donated services and other resources for research and education. Peter bordes, board of director, owns a company called iml. The organization pays this company $4,000 per month for social media services.”

Pt VI, Line 11B

“Form 990 is prepared from audited financial statements and reviewed by the board.”

Pt VI, Line 12C

“Each year the board of directors and key employees are required to sign a statement regarding any conflicts of interest.”

Pt VI, Line 15A

“The organization has a written policy detailing the process for determining compensation.”

Pt VI, Line 15B

“The organization has a written policy detailing the process for determining compensation.”

Form 990, Part IX, Line 24F

“Reseach 101771. 101771. 0. 0. Education / awareness 170067. 101261. 0. 68806. Rent 20015. 0. 20015. 0. Meals & travell expense 1359. 0. 1060. 299. Branding / pr 11304. 0. 0. 11304. Bank fees 802. 0. 0. 802.”

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01463097
IRS990ScheduleD/DonatedServicesUseFcltsAmt01463097
IRS990ScheduleD/ExpensesNotReportedAmt01463097
IRS990ScheduleD/ExpensesSubtotalAmt0524053
IRS990ScheduleD/RevenueNotReportedAmt01463097
IRS990ScheduleD/RevenueSubtotalAmt0406270
IRS990ScheduleD/TotalExpensesPerForm990Amt0524053
IRS990ScheduleD/TotalRevenuePerForm990Amt0406270
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01869367
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01987150
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CHRIS FISCHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1PETER BORDES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CHAIRMAN OF THE BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01473387
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt148000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE PART V, SUPPLEMENTAL INFO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1SEE PART V, SUPPLEMENTAL INFO
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt028a, AND 28c, DESCRIPTION OF TRANSACTIONS CONTINUED FROM (d)LINE (1), FISCHER PRODUCTIONS, LLC AND OCEARCH EXPLORATION SERVICES, COMPANIES OWNED BY CHRIS FISCHER, DONATED ADMINISTRATIVE SERVICES AND OTHER PROFESSIONAL SERVICES INCLUDING FILM PRODUCTION SERVICES TO THE ORGANIZATION TOTALING $1,453,372. THE ORGANIZATION ALSO RENTED OFFICE SPACE FROM FISCHER PRODUCTIONS, LLC FOR $20,015.
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt128a, AND 28c, DESCRIPTION OF TRANSACTIONS CONTINUED FROM (d)LINE (2), THE ORGANIZATION PAYS PETER BORDES' COMPANY, IML, $4,000 PER MONTH FOR SOCIAL MEDIA SERVICES.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV,LINES
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc1PART IV,LINES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHRIS FISCHER, CHAIRMAN OF THE BOARD OF DIRECTORS, IS A MEMBER OF FISCHER PRODUCTIONS, LLC AND SOLE MEMBER OF OCEARCH EXPLORATION SERVICES, WHICH DONATED SERVICES AND OTHER RESOURCES FOR RESEARCH AND EDUCATION. PETER BORDES, BOARD OF DIRECTOR, OWNS A COMPANY CALLED IML. THE ORGANIZATION PAYS THIS COMPANY $4,000 PER MONTH FOR SOCIAL MEDIA SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED FROM AUDITED FINANCIAL STATEMENTS AND REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR THE BOARD OF DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A STATEMENT REGARDING ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A WRITTEN POLICY DETAILING THE PROCESS FOR DETERMINING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS A WRITTEN POLICY DETAILING THE PROCESS FOR DETERMINING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RESEACH 101771. 101771. 0. 0. EDUCATION / AWARENESS 170067. 101261. 0. 68806. RENT 20015. 0. 20015. 0. MEALS & TRAVELL EXPENSE 1359. 0. 1060. 299. BRANDING / PR 11304. 0. 0. 11304. BANK FEES 802. 0. 0. 802.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0196448
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0100000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0392049
IRS990/TotalAssetsEOYAmt0276111
IRS990/TotalAssetsGrp/BOYAmt0392049
IRS990/TotalAssetsGrp/EOYAmt0276111
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0388162
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0101137
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0125241
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0297675
IRS990/TotalFunctionalExpensesGrp/TotalAmt0524053
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0143561
IRS990/TotalLiabilitiesEOYAmt0145406
IRS990/TotalLiabilitiesGrp/BOYAmt0143561
IRS990/TotalLiabilitiesGrp/EOYAmt0145406
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0248488
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0130705
IRS990/TotalProgramServiceExpensesAmt0297675
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018108
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0406270
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0392049
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0276111
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt052040
IRS990/UnrestrictedNetAssetsGrp/EOYAmt030705
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01351 MORAY COURT
IRS990/USAddress/CityNm0PARK CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084060
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0ocearch.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS FISCHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN OF THE BOARD OF DIRECTORS
ReturnHeader/BusinessOfficerGrp/PhoneNum04356458990
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OCEARCH
ReturnHeader/Filer/BusinessNameControlTxt0OCEA
ReturnHeader/Filer/EIN0800708997
ReturnHeader/Filer/PhoneNum04356458990
ReturnHeader/Filer/USAddress/AddressLine1Txt01790 BONANZA DRIVE
ReturnHeader/Filer/USAddress/CityNm0PARK CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084060
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUTH PAYNE PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010109 DIXIE HWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040272
ReturnHeader/PreparerPersonGrp/PhoneNum05029330693
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUTH PAYNE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-16T12:51:11-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$276,111
Liabilities
$145,406
Net assets
$130,705
Revenue
$406,270
Expenses
$524,053
Net income
-$117,783
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.35$0.26$1.09$0.88$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.15$0.06$0.91$0.89$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.16$0.12$0.04$1.01$1.24$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.35$0.08$0.27$1.34$1.27$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.08$0.21$0.96$0.93$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.02$0.18$0.84$0.71$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.08$0.04$0.50$0.75$0.25
2017Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.29$0.49$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.03$0.17$0.58$0.54$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.03$0.13$0.33$0.33$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.15$0.13$0.41$0.52$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.39$0.14$0.25$0.46$0.24$0.22
2012Summary only. Only limited summary data is available for this year.$0.07$0.04$0.03$0.96$0.93$0.03