Civic Intelligence

Oceanic Labs Research Foundation

990EZ • Fiscal year 2022 • EIN 87-0824831

Oct 01, 2021 to Sep 30, 2022 • Filed on Sep 29, 2023

Organization Profileoceanic-labs.org
25A Fairmont StCambridge, MA 02139

(617) 417-9045

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

17th percentile

-24%

Higher net margin than 17% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

11th percentile

-47%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

56th percentile

17%

Faster revenue growth than 56% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$33,344

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

Net Assets

Down

$33,344

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

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin17th percentile

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

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$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
Open 2022 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income across loaded years, with this 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
Open 2022 Filing
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
Top Officer Pay78th percentile

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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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| 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/ExplanationTxt1| Employee Name:, Description:| Allan Adams, Adams the sole officer of Oceanic Labs provided his time on a volunteer basis.|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 16
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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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ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,344
Liabilities
-
Net assets
$33,344
Revenue
$123,629
Expenses
$152,762
Net income
-$29,133
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.33$0.33$1.24$1.53$0.29
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.62$1.06$0.43$0.62