2023-11-07T11:13:45-05:00 2022-12-31 870492866 HINTONBURDICK PLLC 63 S 300 E STE 100 ST GEORGE UT 847702948 990 2022-01-01 830488383 OCEAN EXPLORATION TRUST INC OCEA 8607725752 613 WILLIAMS ST NEW LONDON CT 06320 DENISE H ARMSTRONG CFO/TREASURER 8605749079 2023-10-24 true DENISE ARMSTRONG XXX-XX-XXXX true MORRIS J PEACOCK CPA P00038696 4356283663 2023-10-24 2022 2023-04-26 12:10:37Z DR ROBERT BALLARD 613 WILLIAMS STREET NEW LONDON CT 06320 13454946 false X WWW.OCEANEXPLORATIONTRUST.ORG X 2007 CT ADVANCE THE EMERGING FIELDS OF OCEAN EXPLORATION AND ARCHAELOGICAL OCEANOGRAPHY THROUGH CO-SPONSORING AND SUPPORTING DEEP SEA EXPEDITIONS AND SUPPORTING THE DEVELOPMENT OF ADVANCED TECHNOLOGY REQUIRED BY DEEP SEA EXPEDITIONS. FURTHERING PUBLIC INTEREST AND SCIENTIFIC RESEARCH IN THE FIELDS OF OCEAN EXPLORATION AND ARCHAELOGICAL OCEANOGRAPHY THROUGH THE SUPPORT OF REAL-TIME EDUCATIONAL PROGRAMMING AND DISSEMINATION OF DEEP SEA EXPEDITION RESEARCH THROUGH A VARIETY OF EDUCATIONAL OUTREACH EFFORTS. 12 11 18 62 0 10043240 11380622 1730880 1528980 85000 13176 460344 11787296 13454946 0 0 2909537 2944562 0 138539 10076009 11432280 12985546 14376842 -1198250 -921896 13235771 12779785 4792820 5258730 8442951 7521055 X ADVANCE THE EMERGING FIELDS OF OCEAN EXPLORATION AND ARCHAELOGICAL OCEANOGRAPHY THROUGH CO-SPONSORING AND SUPPORTING DEEP SEA EXPEDITIONS AND SUPPORTING THE DEVELOPMENT OF ADVANCED TECHNOLOGY REQUIRED BY DEEP SEA EXPEDITIONS. FURTHERING PUBLIC INTEREST AND SCIENTIFIC RESEARCH IN THE FIELDS OF OCEAN EXPLORATION AND ARCHAELOGICAL OCEANOGRAPHY THROUGH THE SUPPORT OF REAL-TIME EDUCATIONAL PROGRAMMING AND DISSEMINATION OF DEEP SEA EXPEDITION RESEARCH THROUGH A VARIETY OF EDUCATIONAL OUTREACH EFFORTS. false false 12012800 1989324 IN 2022, E/VNAUTILUSSUCCESSFULLY COMPLETED AN 8-MONTH FIELD SEASON CONSISTING OF 11 EXPEDITIONS THAT EXPLORED THE CENTRAL PACIFIC FOR A TOTAL OF 202 DAYS AT SEA. E/VNAUTILUSBEGAN ITS SEASON WITH A SHAKEDOWN EXPEDITION IN THE MAIN HAWAIIAN ISLANDS, AND THEN CONDUCTED A SERIES OF EXPEDITIONS AROUND THE HAWAIIAN ARCHIPELAGO AND THE US PACIFIC REMOTE ISLANDS FOCUSED ON SEAFLOOR MAPPING AND ROV EXPLORATIONS, TESTING AND INTEGRATING EMERGING EXPLORATION TECHNOLOGIES, AND A NEW PROGRAM FOCUSED ON SHALLOW-WATER REEF SURVEYS.EXPEDITIONS WERE PRIMARILY SPONSORED BY NOAA OCEAN EXPLORATION VIA THE OCEAN EXPLORATION COOPERATIVE INSTITUTE, WITH ADDITIONAL SUPPORT FROM THE NATIONAL GEOGRAPHIC SOCIETY, NOAA OFFICE OF NATIONAL MARINE SANCTUARIES, AND NOAA OFFICE OF COAST SURVEY VIA THE CENTER FOR COASTAL AND OCEAN MAPPING/JOINT HYDROGRAPHIC CENTER. THROUGHOUT THE PLANNING AND EXECUTION OF EXPEDITIONS, OET WORKED CLOSELY WITH GOVERNMENT AGENCIES AND THE SCIENTIFIC COMMUNITY TO ENSURE THAT EXPEDITION ACTIVITIES ADDRESS SCIENCE AND MANAGEMENT PRIORITIES. EXPEDITIONS TOOK ADVANTAGE OF E/VNAUTILUS' TELEPRESENCE CAPABILITIES AND INCLUDED EXTENSIVE EDUCATION AND OUTREACH ACTIVITIES TO REACH BROAD AUDIENCES. 12012800 true true false true false false false false false false true false false true true false false true false true true false false false false false false false false true false false false false false false false false false false false false true false false false false true 108 0 true 18 true false false false false false false false false X 12 11 false false false false false false false true true false false true true true true true true true true false CT X DENISE ARMSTRONG 8605749079 613 WILLIAMS ST NEW LONDON CT 06320 DR ROBERT BALLARD PRESIDENT 40.00 X X 765685 0 52470 ROBERT PATRICELLI CHAIRMAN 1.00 X X 0 0 0 LARRY MAYER VICE CHAIRMA 1.00 X X 0 0 0 ARTHUR HOUSE DIRECTOR 1.00 X 0 0 0 JACQUELINE HOLLISTER DIRECTOR 1.00 X 0 0 0 DENISE H ARMSTRONG CFO/TREASURE 40.00 X 255726 0 37853 ALLISON FUNDIS COO/BOT SECR 40.00 X 325474 0 33079 PETER GIRGUIS DIRECTOR 1.00 X 0 0 0 JOHN CULBERSON DIRECTOR 1.00 X 0 0 0 VICKI PHILLIPS DIRECTOR 1.00 X 0 0 0 DR ENRIC SALA DIRECTOR 1.00 X 0 0 0 KRISTIN RECHBERGER DIRECTOR 1.00 X 0 0 0 BARBARA SMIT DIRECTOR 1.00 X 0 0 0 NEIL SMIT DIRECTOR 1.00 X 0 0 0 MATTHEW KOSKELA DIRECTOR DAT 40.00 X 145899 0 2467 ROBERT WATERS ROV PILOT/MA 40.00 X 131827 0 8128 RICHARD DARLING CONTROLLER 40.00 X 123669 0 12682 DANIEL WAGNER CHIEF SCIENT 40.00 X 110549 0 12039 JANICE MEAGHER EXECUTIVE AS 40.00 X 114415 0 2602 1973244 161320 8 false true false 11124103 256519 11380622 CHARTER/EXPEDITION, EDUCATION 541700 1528980 1528980 1528980 85000 85000 85000 85000 OTHER 900099 460344 460344 460344 13454946 1989324 85000 X 1456286 344553 1075910 35823 1192898 1015530 177368 60608 34986 25622 78935 53432 25503 155835 94093 60670 1072 47796 47796 59498 59498 99960 99960 4856896 4736691 120205 23350 23350 58469 54808 3661 132706 22265 110441 433805 369486 62635 1684 34755 16722 18033 55931 55931 2099944 1889950 209994 477765 400046 77719 VESSEL FUEL 875068 875068 REPAIRS AND MAINTENANCE 843349 840226 3123 SATELLITE COMMUNICATION 401156 401156 PORT AGENT FEES 289200 289200 642632 551238 91394 14376842 12012800 2225503 138539 683337 2033157 325415 175191 2036379 1480973 30915 1941 83924 111266 20344257 12144719 8717158 8199538 1358643 777719 13235771 12779785 2975247 1810919 257801 1424416 1134357 790448 425415 1232947 4792820 5258730 X 8319867 7397971 123084 123084 8442951 7521055 13235771 12779785 -921896 X false true X true true true X 8649521 10226537 8337264 10043240 11380622 48637184 8649521 10226537 8337264 10043240 11380622 48637184 48637184 6 135 141 48637325 8810373 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99960 99960 14276882 14376842 868842 217211 697387 642017 799277 868842 3007523 4511285 99960 99960 99960 99960 399840 174347 160504 199819 217211 751881 1127822 20344257 12144719 8199538 8199538 OPERATING LEASE RIGHT OF USE ASSET 407742 CONSTRUCTION IN PROGRESS 369977 777719 LINE OF CREDIT 550000 OPERATING LEASE LIABILITIES 407742 RETIREMENT LIABILITIES 275205 1232947 13454946 13454946 13454946 14376842 14376842 14376842 false IRELAND PROGRAM SERVICES VESSEL MANAGEMENT 1654274 CANADA PROGRAM SERVICES CONTRACTORS 351780 UNITED KINGDOM PROGRAM SERVICES CONTRACTORS 20408 OMAN PROGRAM SERVICES CONTRACTORS 13950 SPAIN PROGRAM SERVICES CONTRACTORS 12950 ENGLAND PROGRAM SERVICES CONTRACTORS 6240 NEW ZEALAND PROGRAM SERVICES CONTRACTORS 5280 2064882 2064882 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 3 IRELAND 1,654,274 0 CANADA 351,780 0 UNITED KINGDOM 20,408 0 OMAN 13,950 0 SPAIN 12,950 0 ENGLAND 6,240 0 NEW ZEALAND 5,280 0 X X false false false false false false false false false DR ROBERT BALLARD PRESIDENT 665685 100000 50000 2470 818155 DENISE H ARMSTRONG CFO/TREASURER 215726 40000 25000 12853 293579 ALLISON FUNDIS COO/BOT SECRETARY 275474 50000 25000 8079 358553 FORM 990 - ORGANIZATION'S MISSION ADVANCE THE EMERGING FIELDS OF OCEAN EXPLORATION AND ARCHAELOGICAL OCEANOGRAPHY THROUGH CO-SPONSORING AND SUPPORTING DEEP SEA EXPEDITIONS AND SUPPORTING THE DEVELOPMENT OF ADVANCED TECHNOLOGY REQUIRED BY DEEP SEA EXPEDITIONS. FURTHERING PUBLIC INTEREST AND SCIENTIFIC RESEARCH IN THE FIELDS OF OCEAN EXPLORATION AND ARCHAELOGICAL OCEANOGRAPHY THROUGH THE SUPPORT OF REAL-TIME EDUCATIONAL PROGRAMMING AND DISSEMINATION OF DEEP SEA EXPEDITION RESEARCH THROUGH A VARIETY OF EDUCATIONAL OUTREACH EFFORTS. FORM 990, PAGE 2, PART III, LINE 4A IN 2022, E/VNAUTILUSSUCCESSFULLY COMPLETED AN 8-MONTH FIELD SEASON CONSISTING OF 11 EXPEDITIONS THAT EXPLORED THE CENTRAL PACIFIC FOR A TOTAL OF 202 DAYS AT SEA. E/VNAUTILUSBEGAN ITS SEASON WITH A SHAKEDOWN EXPEDITION IN THE MAIN HAWAIIAN ISLANDS, AND THEN CONDUCTED A SERIES OF EXPEDITIONS AROUND THE HAWAIIAN ARCHIPELAGO AND THE US PACIFIC REMOTE ISLANDS FOCUSED ON SEAFLOOR MAPPING AND ROV EXPLORATIONS, TESTING AND INTEGRATING EMERGING EXPLORATION TECHNOLOGIES, AND A NEW PROGRAM FOCUSED ON SHALLOW-WATER REEF SURVEYS.EXPEDITIONS WERE PRIMARILY SPONSORED BY NOAA OCEAN EXPLORATION VIA THE OCEAN EXPLORATION COOPERATIVE INSTITUTE, WITH ADDITIONAL SUPPORT FROM THE NATIONAL GEOGRAPHIC SOCIETY, NOAA OFFICE OF NATIONAL MARINE SANCTUARIES, AND NOAA OFFICE OF COAST SURVEY VIA THE CENTER FOR COASTAL AND OCEAN MAPPING/JOINT HYDROGRAPHIC CENTER. THROUGHOUT THE PLANNING AND EXECUTION OF EXPEDITIONS, OET WORKED CLOSELY WITH GOVERNMENT AGENCIES AND THE SCIENTIFIC COMMUNITY TO ENSURE THAT EXPEDITION ACTIVITIES ADDRESS SCIENCE AND MANAGEMENT PRIORITIES. EXPEDITIONS TOOK ADVANTAGE OF E/VNAUTILUS' TELEPRESENCE CAPABILITIES AND INCLUDED EXTENSIVE EDUCATION AND OUTREACH ACTIVITIES TO REACH BROAD AUDIENCES. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C EACH MEMBER OF THE BOARD OF DIRECTORS SUBMITS AN ANNUAL CONFLICT OF INTEREST STATEMENT. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND IS BASED IN PART ON HIS PREVIOUS COMPENSATION AT TWO OTHER SIMILAR 501 (C)(3) ORGANIZATIONS. A COMPENSATION STUDY WAS PERFORMED IN 2019 FOR THE PRESIDENT'S COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION OF OTHER KEY MEMBERS OF MANAGEMENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR 318,665 7,605 0 PROFESSIONAL FEES 2,750,343 112,600 0 VESSEL MANAGEMENT 1,667,683 0 0 TOTAL 4,736,691 120,205 0 OET LLC C/O MORNING STAR PO BOX 556 CHARLESTOWN ST. KITTS AND NEV SC HOLDING SC 6175747 N/A