2024-03-14T07:57:48-05:00 2023-06-30 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2022-07-01 520805471 Marine Technology Society Inc MARI 2028277171 One Thomas Circle Suite 700 Washington DC 200055800 Chris Ostrander Chief Executive Officer 2028277171 2024-03-14 1 Chris Ostrander XXX-XX-XXXX 1 Lori A Collingsworth P00639819 7038930300 2024-03-13 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z Chris Ostrander One Thomas Circle Suite 700 Washington DC 200055800 3656949 0 X https://www.mtsociety.org/ X 1963 NY To promote awareness, understanding, advancement and application of marine technology. 10 10 4 80 3423 0 296796 112220 1407765 1920726 118903 108319 65896 168303 1889360 2309568 32884 61356 0 0 564795 701610 0 0 0 1179072 1812520 1776751 2575486 112609 -265918 7132686 7350561 456960 516010 6675726 6834551 X Facilitate a broader understanding of the relevance of marine technology to wider global issues by enhancing the dissemination of marine technology information. Promote and improve marine technology and related educational programs. Advance the development of the tools and procedures required to explore, study and further the responsible and sustainable use of the oceans. 0 0 1402925 57556 1769484 Conferences and Workshops: Annual regional, local, and international conferences on matters relating to the ocean and marine technology. Additionally, MTS offered several free-of-charge webinars during the fiscal year.MTS supports local Sections, which focus on events and programs unique to their specific geographic area in the United States and internationally.In addition, MTS has approximately 31 Professional Committees representing technical interest groups that facilitate the exchange and transfer of technical information among professionals from academia, government, and industry. 249071 113861 Membership: Support and service to membersThe Society's members and member companies work in all aspects of marine technology including underwater imaging and engineering; underwater vehicle design and operation; ocean observation and exploration; oceanography and meteorology; diving; mooring technology; remote sensing; offshore structures; renewable energy; marine physical and cyber security; underwater archaeology; dynamic positioning; marine law and policy; and more.Membership in the Society creates opportunities through networking, events, mentorships, and career advancement. 118310 33958 Publications: Distribution of ocean and marine technology literature and periodicalsThe Marine Technology Society Journal is the Society's flagship publication, which has been published under its current title since 1969. The Journal includes the highest caliber, peer-reviewed papers on subjects including marine technology, ocean science, marine policy, and more. 115607 3423 Communications: provides news and information to members and the broader marine science and technology community on a variety of channels including newsletters, MTS's website, and social media.Currents is the Society's bi-monthly digital newsletter, focusing on society-wide and industry news and events, business announcements and information, scientific briefs and articles, and member news. 93708 3800 Education programming: Other educational programs supporting the organization's mission. 209315 3800 3423 1979621 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 4 1 1 1 1 JA IN 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X The Organization 2028277171 One Thomas Circle Suite 700 Washington DC 200055800 Justin Manley President 1.00 X X 0 0 0 Zdenka Willis Past-President 1.00 X X 0 0 0 Susan Hunt President-Elect 1.00 X X 0 0 0 Jim Hanlon VP of Research/Industry & Technology 1.00 X X 0 0 0 Liesl Hotaling VP of Communications 1.00 X X 0 0 0 Richard Crout VP of Section Affairs 1.00 X X 0 0 0 Debbi Kill VP of Budget & Finance and Treasurer 1.00 X X 0 0 0 Jerry Miller VP of Government & Public Affairs 1.00 X X 0 0 0 Josh Kohut VP of Education 1.00 X X 0 0 0 Katharine Weathers VP of ECOP (began 1/1/23) 1.00 X X 0 0 0 Alfredo Giron VP of ECOP (ended 12/31/22) 1.00 X X 0 0 0 Christopher Ostrander Chief Executive Officer 40.00 X 161354 0 23454 Kristina Norman Senior Director Events & Operations 40.00 X 130053 0 7545 291407 0 30999 2 0 1 0 Lydon Fetterolf Corydon PA 9401 Key West Avenue Rockville MD 20850 Accounting Services 180071 1 60309 51911 112220 Conferences and meetings 900099 1769484 1769484 Membership dues 900099 113861 113861 Publications and Journals 513120 33958 33958 CURRENTS - MTS Newsletter 541800 3423 3423 1920726 114260 114260 2729 2729 1222465 1228406 -5941 -5941 -5941 243128 118975 124153 124153 Other revenue 900099 41421 41421 41421 2309568 1917303 3423 276622 61356 61356 237360 163229 74131 338713 232929 105784 16710 11491 5219 60912 41888 19024 47915 32950 14965 25833 25833 133381 133381 10567 10567 198034 131905 66129 9677 7595 2082 118814 97922 20892 75178 32685 42493 23378 23378 233185 222438 10747 940794 939949 845 13268 13268 27266 139 27127 Section rebates 3145 3145 2575486 1979621 595865 0 948059 1530427 790981 166182 174612 186713 15904 12801 1872 3103 5197794 5456390 19368 7746 7132686 7350561 119450 181869 70344 92639 267166 241502 456960 516010 X 6639491 6776191 36235 58360 6675726 6834551 7132686 7350561 -265918 424743 0 X X 0 1 X 1 0 X 2195 4967 51555 296796 112220 467733 2640161 1202369 232808 1407765 1917303 7400406 156748 142632 15505 140027 243128 698040 2799104 1349968 299868 1844588 2272651 8566179 0 0 0 8566179 98250 155320 163995 94214 116989 628768 98250 155320 163995 94214 116989 628768 4712 3525 8721 41421 58379 2902066 1508813 463863 1947523 2431061 9253326 0.92570 0.92370 0.06800 0.07020 X Schedule A, Part III, Line 12, Explanation of Other Income: Other income - 2018 Amount: $ 4,712. 2019 Amount: $ 3,525. 2020 Amount: $ 0. 2021 Amount: $ 8,721. 2022 Amount: $ 41,421. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15904 12801 3103 3103 Funds held for Oceans Conferences 241502 241502 X 2846219 424743 3500 118975 547218 2299001 10567 10567 2309568 2687394 3500 118975 122475 2564919 10567 10567 2575486 Part X, Line 2: Management has evaluated MTS's tax positions and concluded that MTS's financial statements do not include any uncertain tax positions. Part XI, Line 2d - Other Adjustments: Special events direct expenses 118,975. Part XII, Line 2d - Other Adjustments: Special events direct expenses 118,975. East Asia and the Pacific 0 0 Program Services Oceans Technology Conference 48466 Europe 0 0 Program Services OCEANS 2023 Limerick 264779 0 0 0 0 0 0 313245 0 313245 0 0 0 0 0 0 Part I, line 3: Foreign expenses are directly tracked and accounted for on the accrual method of accounting. Part III Accounting Method: Houston Clays Shoot 110723 110723 61137 3640 Buoy Workshop 69150 69150 1040 32640 7994 2 63255 63255 12437 87 243128 243128 62177 48717 8081 118975 124153 1 Tuition Scholarships/Awards 17 61356 0 Part I, Line 2: An open solicitation for scholarship applications is held and applications are first reviewed by staff to ensure proper format and completeness. The prepared scholarship package is then sent to a committee for grading and selection of the recipients. Funds are disbursed directly to the bursar of the colleges attended who then apply funds to the scholarship winners' tuition. X 1 0 X X X 0 0 0 0 0 0 0 0 0 Christopher Ostrander Chief Executive Officer 134154 0 25000 0 2200 0 6882 0 16572 0 184808 0 0 0 Part I, Line 1a Employees receive a $200 per month stipend (amount subject to change annually) as a remote-working allowance to cover office related costs. This is reported as taxable compensation on Form W-2. Form 990, Part VI, Section A, line 1a The Executive Committee is comprised of the President, President Elect, and Immediate Past President. The Committee meets as needed to approve changes to CEO/Executive Director's salary and benefit package, CEO/Executive Director's tenure, and to carry out any other duties and actions identified by the Board of Directors. Form 990, Part VI, Section A, line 6 The Society has dues paying members. The classes of MTS membership are as follows: Individual member, Student member, Associate member, Emeritus member, Patron member, Corporate Gold member, Corporate Silver member, Corporate Platinum member, Life member, Small Business member, Institutional member, ECOP member. Any member shall be eligible to vote on any action, so long as the member's name appears on the rolls of the Society in good standing as of a date set by the Board not more than fifty (50) nor less than ten (10) days before the date of the meeting. Form 990, Part VI, Section A, line 7a All officers shall be elected by a plurality of Members eligible to vote, in person and by proxy, at the Annual Meeting. Each Member is entitled to one vote. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent accounting firm and reviewed by the Society's Executive Director and Treasurer/VP of Budget and Finance. The 990 is then provided to the full Board of Directors prior to the filing with the Internal Revenue Service Form 990, Part VI, Section B, line 12c The Society requires completion of annual disclosure form of any potential conflicts of interest by all officers, directors, and committee chairs. Form 990, Part VI, Section B, line 15 The Society's Board of Directors approves the compensation of the CEO/Executive Director and documents the arrangement through an employment contract. Form 990, Part VI, Section C, line 18 Form 990 is made available to the public on the organization's website. Form 990, Part VI, Section C, line 19 The Organization makes its Form 1023 available to the public upon request. The Organization makes its governing documents and conflicts of interest policy available to the public on its website. The financial statements are available to the public upon request. Form 990, Part XII, Line 2c: The organization has a Budget and Finance Committee responsible for the oversight of the audit and selection of the independent accountant. The process has not changed from prior years.