Mission
SEE SCHEDULE O
Public Charity
OCEAN EXPLORATION TRUST INC
Based in NEW LONDON, CT, OCEAN EXPLORATION TRUST INC operates as a Public Charity. The organization reported $19.3M in revenue, $16.5M in expenses, $12.1M in total assets for fiscal year 2024. Imperigo tracks 18 reported grant relationships connected to this organization totaling approximately $2.2M.
EIN: 830488383
NEW LONDON, CT
Research Institutes & Public Policy Analysis
NTEE: C05
Latest filing: 2024
Total Revenue$19.3M
Total Expenses$16.5M
Total Assets$12.1M
Grant Records18
Funding Total$2.2M
Filing Years2020–2024
Where $100 goes at Ocean Exploration Trust Inc
How Ocean Exploration Trust Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$82
Programs
the work itself
$17
Management
running the organization
$1
Fundraising
raising the next dollar
Inside the $82 for programs
$82
In 2024, e/v nautilus successfully completed an 8-month field season consisting of 11 multi-disciplinary expeditions that explored the pacific for a total of 163 days at sea
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
ENVIRONMENT & ANIMAL PROTECTION
$25,000
For grant recipient's exempt purposes
$75,350
Environment
$25,000
EDUCATION COLLABORATIONS FOR PACIFIC ISLANDS E/V NAUTILUS EXPEDITION
$131,036
For grant recipient's exempt purposes
$50,350
Showing up to 5 of 18 total records — full history available with membership.
Officers & Directors
COO/BOT SECRETARY
Allison Fundis
DIRECTOR
Arthur House
DIRECTOR
Barbara Smit
CHIEF SCIENTIST
Daniel Wagner
CFO/TREASURER
Denise H Armstrong
SCIENTIST
Derek Sowers
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $19.3M | $16.5M | $12.1M |
| 2023 | $15.0M | $15.5M | $10.7M |
| 2022 | $13.5M | $14.4M | $12.8M |
| 2021 | $11.8M | $13.0M | $13.2M |
| 2020 | $9.7M | $9.8M | $13.6M |
Between 2020 and 2024, reported annual revenue grew from $9.7M to $19.3M (+100%), with total assets most recently reported at $12.1M.
Interactive year-over-year charts and full filing details available with membership.