2024-11-14T15:25:53-06:00 2023-12-31 870492866 HINTONBURDICK PLLC 63 SOUTH 300 EAST SUITE 100 ST GEORGE UT 84770 990 2023-01-01 830488383 OCEAN EXPLORATION TRUST INC OCEA 8605749079 613 WILLIAMS ST NEW LONDON CT 06320 DENISE H ARMSTRONG CFO/TREASURER 8605749079 2024-11-14 1 1 MORRIS PEACOCK CPA P00038696 8885661277 2024-11-14 2023 2024-10-15 13:58:12Z DR ROBERT BALLARD 613 WILLIAMS ST NEW LONDON CT 06320 14982503 0 X WWW.OCEANEXPLORATIONTRUST.ORG X 2007 CT SEE SCHEDULE O 14 13 18 25 0 0 11380622 12647875 1528980 2266315 85000 0 460344 68313 13454946 14982503 0 0 0 0 2944562 3364042 0 0 145176 11432280 12139921 14376842 15503963 -921896 -521460 12779785 10744251 5258730 3744656 7521055 6999595 X SEE SCHEDULE O 0 0 12498072 2334628 SEE SCHEDULE O 12498072 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 105 0 1 18 1 0 0 0 0 0 0 0 0 0 0 X 14 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X DENISE ARMSTRONG 8605749079 613 WILLIAMS ST NEW LONDON CT 06320 DR ROBERT BALLARD PRESIDENT 40.00 X X 579716 0 62369 ROBERT PATRICELLI CHAIRMAN 1.00 X X 0 0 0 LARRY MAYER VICE CHAIRMAN 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 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 ELIZABETH LINDSAY DIRECTOR 1.00 X 0 0 0 PHIL STEPHENSON DIRECTOR 1.00 X 0 0 0 DENISE H ARMSTRONG CFO/TREASURER 40.00 X 408882 0 41566 ALLISON FUNDIS COO/BOT SECRETARY 40.00 X 379091 0 44287 DANIEL WAGNER CHIEF SCIENTIST 40.00 X 156856 0 22571 ROBERT WATERS ROV PILOT/MANAGER 40.00 X 152951 0 13594 MATTHEW KOSKELA DIRECTOR DATA SYSTEMS 40.00 X 153624 0 6835 RICHARD DARLING CONTROLLER 40.00 X 133672 0 18317 JANICE MEAGHER EXECUTIVE ASSISTANT 40.00 X 121311 0 6811 DEREK C SOWERS MAPPING OPERATIONS MANAGER 40.00 X 124909 0 22846 MEGAN D COOK EDUCATION/OUTREACH DIRECTOR 40.00 X 117983 0 5505 2328995 0 244701 10 0 1 0 BERG MARITIME MANAGEMENT UNIT 1B THE WATSON JOHNSON CENTE GREYSTONES EI VESSEL MGMT 1891717 RED RIVER RESOURCES DBA NAVAIDE 10805 RANCHO BERNARDO RD SUITE 260 SAN DIEGO CA 92127 FUEL 580548 MARLINK 3327 SOUTH SAM HOUSTON PKY EAST SUI HOUSTON TX 77047 SATELLITE 388216 OCEAN DYNAMICS INC 4936B DAVID ROAD COURTENAY BC CA V9N 9 S3 REMOTELY OPERATED VEHICLES 345193 GULF AGENCY COMPANY PO BOX 85 22 BANI EL ABBASSI 1 STRE ALEXANDRIA EG 21111 CLEOPATRA PROJECT SURVEY BOAT 215369 10 11374918 1272957 12647875 CHARTER/EXPEDITION, EDUCATION 541700 2266315 2266315 2266315 OTHER 900099 68313 68313 68313 14982503 2334628 0 0 X 2022342 929809 1061778 30755 1069107 746429 322678 30090 15498 14592 67813 42125 25688 174690 108410 65240 1040 165823 584 165239 62110 62110 99960 99960 5371000 4890048 480952 17327 17327 74599 72880 1719 133665 24194 109471 743292 662777 67094 13421 51540 29883 21657 60060 60060 2176962 1959266 217696 495229 408408 86821 VESSEL FUEL 931700 931700 SATELLITE COMMUNICATION 456081 456081 REPAIRS AND MAINTENANCE 447684 401246 46438 PROVISIONS 215864 215864 637025 585543 51482 15503963 12498072 2860715 145176 2033157 563418 175191 820261 1480973 1868058 1941 7823 111266 115330 21283522 14321682 8199538 6961840 777719 407521 12779785 10744251 1810919 1272567 1424416 1425282 790448 433527 1232947 613280 5258730 3744656 X 7397971 6940675 123084 58920 7521055 6999595 12779785 10744251 -521460 0 X 0 1 X 1 1 1 X 10226537 8337264 10043240 11380622 12647875 52635538 10226537 8337264 10043240 11380622 12647875 52635538 52635538 135 135 52635673 9171189 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99960 99960 15404003 15503963 925198 231300 0 0 642017 799277 868842 925198 3235334 4853001 99960 99960 99960 99960 399840 160504 199819 217211 231300 808834 1213251 21283522 14321682 6961840 6961840 RETIREMENT LIABILITIES 250199 OPERATING LEASE LIABILITIES 363081 613280 14982503 0 14982503 0 14982503 15503963 0 15503963 0 15503963 CANADA 0 9 PROGRAM SERVICES CONTRACTORS 473709 IRELAND 0 2 PROGRAM SERVICES VESSEL MANAGEMENT 1988441 EGYPT 0 4 PROGRAM SERVICES CONTRACTORS 315911 UNITED KINGDOM 0 2 PROGRAM SERVICES CONTRACTORS 27619 0 17 0 0 0 17 2805680 0 2805680 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL X X 0 0 0 0 0 0 0 0 0 DR ROBERT BALLARD PRESIDENT 429716 0 150000 0 0 0 59900 0 2469 0 642085 0 0 0 DENISE H ARMSTRONG CFO/TREASURER 361182 0 47700 0 0 0 32282 0 9284 0 450448 0 0 0 ALLISON FUNDIS COO/BOT SECRETARY 304091 0 75000 0 0 0 34900 0 9387 0 423378 0 0 0 DANIEL WAGNER CHIEF SCIENTIST 156856 0 0 0 0 0 5105 0 17466 0 179427 0 0 0 ROBERT WATERS ROV PILOT/MANAGER 152951 0 0 0 0 0 4604 0 8990 0 166545 0 0 0 MATTHEW KOSKELA DIRECTOR DATA SYSTEMS 153624 0 0 0 0 0 4230 0 2605 0 160459 0 0 0 RICHARD DARLING CONTROLLER 133672 0 0 0 0 0 4325 0 13992 0 151989 0 0 0 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 - PART III, LINE 4A - FIRST ACCOMPLISHMENT IN 2023, THE OCEAN EXPLORATION TRUST COMPLETED 13 MULTI-DISCIPLINARY EXPEDITIONS THAT EXPLORED POORLY KNOWN UNDERWATER ENVIRONMENTS OVER THE COURSE OF 229 DAYS, INCLUDING ONE SHORE-BASED MISSION AT WAKULLA SPRINGS, AND 12 EXPEDITIONS ABOARD E/V NAUTILUS IN THE PACIFIC. THE E/V NAUTILUS BEGAN ITS SEASON WITH A SHAKEDOWN EXPEDITION IN THE MAIN HAWAIIAN ISLANDS, AND THEN CONDUCTED A SERIES OF EXPEDITIONS FOCUSED ON SEAFLOOR MAPPING, ROV EXPLORATIONS, AND INTEGRATING EMERGING EXPLORATION TECHNOLOGIES, WORK THAT WAS CONDUCTED AROUND BRITISH COLUMBIA, KINGMAN REEF, PALMYRA ATOLL, JOHNSTON ATOLL, JARVIS ISLAND, AND THE NORTHWESTERN HAWAIIAN ISLANDS. COLLECTIVELY, 2023 EXPEDITIONS MAPPED OVER 183,000 SQUARE KILOMETERS OF SEAFLOOR, AND COMPLETED 85 SUCCESSFUL ROV DIVES AND 68 OTHER VEHICLE DEPLOYMENTS THAT SURVEYED A WIDE DIVERSITY OF HABITATS AND GEOLOGICAL FEATURES, INCLUDING SEAMOUNTS, RIDGES, HYDROTHERMAL VENTS, CAVES, AND WORLD WAR II WRECKS, AMONG OTHERS. EXPEDITIONS IN 2023 WERE FUNDED BY NOAA OCEAN EXPLORATION VIA THE OCEAN EXPLORATION COOPERATIVE INSTITUTE, OCEAN NETWORKS CANADA, OFFICE OF NAVAL RESEARCH, BUREAU OF OCEAN ENERGY MANAGEMENT, AND DEFENSE POW/MIA ACCOUNTING AGENCY. THROUGHOUT THE PLANNING AND EXECUTION OF EXPEDITIONS, THE OCEAN EXPLORATION TRUST WORKED CLOSELY WITH GOVERNMENT AGENCIES AND THE SCIENTIFIC COMMUNITY TO ENSURE THAT EXPEDITION ACTIVITIES ADDRESS SCIENCE AND MANAGEMENT PRIORITIES. EXPEDITIONS TOOK ADVANTAGE OF E/V NAUTILUS TELEPRESENCE CAPABILITIES AND INCLUDED EXTENSIVE EDUCATION AND OUTREACH ACTIVITIES TO REACH AUDIENCES OF ALL AGES. FORM 990, PART VI, SECTION A, LINE 2 ENRIC SALA AND KRISTIN RECHBERGER - FAMILY RELATIONSHIP BARBARA SMIT AND NEIL SMIT - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF DIRECTORS SUBMITS AN ANNUAL CONFLICT OFINTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 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 THEPRESIDENT'S COMPENSATION. COMPENSATION OF OTHER KEY MEMBERS OF MANAGEMENT IS REVIEWED AND APPROVED BYTHE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, 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: PROGRAM SERVICE EXPENSES 162,052. MANAGEMENT AND GENERAL EXPENSES 8,685. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 170,737. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 2,851,856. MANAGEMENT AND GENERAL EXPENSES 472,267. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,324,123. VESSEL MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 1,876,140. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,876,140. OET LLC C/O MORNING STAR PO BOX 556 CHARLESTOWN SC HOLDING SC 0 5165471 1