Civic Intelligence

Oceanic Labs Research Foundation

EIN 87-0824831 • 501(c)3 • Cambridge, MA

Profile

Oceanic Labs is dedicated to protecting the ocean through research and innovation creating tools that facilitate ocean conservation and stewardship. Our program services during this our first year consisted of the creation of a series of tools with which our academic oceanographic collaborators will explore the biology and physical properties of the mesopelagic.

25A Fairmont StCambridge, MA 02139

oceanic-labs.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

22nd percentile

-24%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

21st percentile

-47%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$33,344

Down $29,133 (-47%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$33,344

Down $29,133 (-47%) from 2021

Revenue

Up

$123,629

Up $17,711 (+17%) from 2021

Expenses

Up

$152,762

Up $109,321 (+252%) from 2021

Net Income

Down

-$29,133

Down $91,610 (-147%) from 2021

Trend Graphs

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2021: $62,477Net Assets 2021: $62,4772021Assets 2022: $33,344Net Assets 2022: $33,3442022

Highlighted filing

2022

Assets$33,344
Liabilities-
Net Assets$33,344

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2021: $105,918Expenses 2021: $43,441Net Income 2021: $62,4772021Revenue 2022: $123,629Expenses 2022: $152,762Net Income 2022: -$29,1332022

Highlighted filing

2022

Revenue$123,629
Expenses$152,762
Net Income-$29,133

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Sep 29, 2023
Return Version
2021v4.0
Gross Receipts
$123,629
Mission and Program Overview

Mission

Oceanic Labs is dedicated to protecting the ocean through research and innovation creating tools that facilitate ocean conservation and stewardship. Our program services during this our first year consisted of the creation of a series of tools with which our academic oceanographic collaborators will explore the biology and physical properties of the mesopelagic.

Oceanic Labs is dedicated to protecting the ocean through research and innovation creating tools that facilitate ocean conservation and stewardship.

Program Services

DescriptionGrantsExpenses
Oceanic Labs is dedicated to protecting the ocean through research and innovation creating tools that facilitate ocean conservation and stewardship. During this fiscal year we created a set of tools most notably a novel tool for sampling and collecting environmental DNA in the mesopelagic 200m to 1000m underwater in the open ocean together with additional secondary sensor tools which we delivered to WHOI for deployment on their "Mesobot" vehicle. The resulting scientific discoveries had a material impact on the field of midwater genomics and the possibility of monitoring and preserving midwater biodiversity which is a great success for our mission.$0$150,926
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Allan AdamsPresidentFT$0--
Filing and Contact Details

Filer

Filer Name
Oceanic Labs Research Foundation
EIN
87-0824831
In Care Of
% Allan Adams
Address
25A Fairmont St, Cambridge, MA 02139

Signing Officer

Name
Allan Adams
Title
President
Signed
2023-09-29
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Part I, line 16

| Other Expenses:, Amount:| Reimbursements for Contractor Expenses and purchase of consumable materials for ocean conservation technology development our program service and core mission., $34037.00| Bank and Bill service Fees, $1836.00|

Part IV, List of Officers

| Employee Name:, Description:| Allan Adams, Adams the sole officer of Oceanic Labs provided his time on a volunteer basis.|

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ReasonableCauseExplanation/ExplanationTxt0President sole officer broke back in spring 2021 has since had surgery and recovered now handling things that got dropped.
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