Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
22nd percentile
Higher net margin than 22% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
21st percentile
Faster asset growth than 21% of similar nonprofits.
Revenue Growth
70th percentile
Faster revenue growth than 70% of similar nonprofits.
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
Most recent year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
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.
| Description | Grants | Expenses |
|---|---|---|
| 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 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Allan Adams | President | FT | $0 | - | - |
“| 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|”
“| Employee Name:, Description:| Allan Adams, Adams the sole officer of Oceanic Labs provided his time on a volunteer basis.|”
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/CityNm | 0 | Cambridge |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02139 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 62477 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 33344 |
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| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -29133 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 116889 |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 33344 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 123629 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
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| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 62477 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 33344 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 62477 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 33344 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Allan Adams |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OperateHospitalInd | 0 | false |
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| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 35873 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Oceanic Labs is dedicated to protecting the ocean through research and innovation creating tools that facilitate ocean conservation and stewardship. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 123629 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 150926 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | DE |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 1 | MA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 152762 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 150926 |
| IRS990EZ/TotalRevenueAmt | 0 | 123629 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
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| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
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| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt | 0 | 0 |
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| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 123629 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 105918 |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 229547 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
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| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt | 0 | 0 |
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| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 0 |
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| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt | 0 | 0 |
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| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 10000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 118629 |
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| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 219547 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt | 0 | 118629 |
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| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
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| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 229547 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 105918 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 229547 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | | 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| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | | Employee Name:, Description:| Allan Adams, Adams the sole officer of Oceanic Labs provided his time on a volunteer basis.| |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part IV, List of Officers |
| ReasonableCauseExplanation/ExplanationTxt | 0 | President sole officer broke back in spring 2021 has since had surgery and recovered now handling things that got dropped. |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Allan Adams |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-09-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | OCEANIC LABS RESEARCH FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | OCEA |
| ReturnHeader/Filer/EIN | 0 | 870824831 |
| ReturnHeader/Filer/ForeignPhoneNum | 0 | 6174179045 |
| ReturnHeader/Filer/InCareOfNm | 0 | % Allan Adams |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 25A Fairmont St |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Cambridge |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02139 |
| ReturnHeader/ReturnTs | 0 | 2023-09-29T08:54:44-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-10-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-09-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
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