2025-11-14T09:18:57-06:00 2024-12-31 870492866 HINTONBURDICK PLLC 63 SOUTH 300 EAST SUITE 100 ST GEORGE UT 84770 990 2024-01-01 830488383 OCEAN EXPLORATION TRUST INC OCEA 8605749079 613 WILLIAMS ST NEW LONDON CT 06320 RICHARD DARLING CONTROLLER 8605749079 2025-11-10 1 1 MORRIS PEACOCK CPA P00038696 8885661277 2025-11-10 2024 2025-03-06 01:10:19Z DR ROBERT BALLARD 613 WILLIAMS ST NEW LONDON CT 06320 19281365 0 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. 13 12 19 60 0 0 12647875 16678700 2266315 2580006 0 0 68313 22659 14982503 19281365 0 0 0 0 3364042 3194931 0 0 156202 12139921 13299146 15503963 16494077 -521460 2787288 10744251 12107576 3744656 2320693 6999595 9786883 X SEE SCHEDULE O 0 0 13253264 2602665 SEE SCHEDULE OIN 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. THE 2024 SEASON BEGAN WITH A SHAKE DOWN EXPEDITION IN HAWAII TO PREPARE FOR THE FIELD WORK AHEAD, FOLLOWED BY OTHERS CENTERED ON SUPPORTING MAINTENANCE OF THE OCEAN NETWORKS CANADA CABLED OBSERVATORY, SEAFLOOR MAPPING ACROSS THE NORTH AND CENTRAL PACIFIC, MULTI-VEHICLE EXPLORATIONS IN AMERICAN SAMOA, ROV EXPLORATIONS OF THE PALAU NATIONAL MARINE SANCTUARY, AND DEPLOYMENTS OF MULTIPLE ROBOTIC ASSETS TO STUDY THE PHYSICAL OCEANOGRAPHY AROUND THE PALAUAN ISLANDS. COLLECTIVELY, 2024 EXPEDITIONS MAPPED OVER 150,000 SQUARE KILOMETERS OF SEAFLOOR, COMPLETED 62 SUCCESSFUL ROV DIVES, 61 DEPLOYMENTS OF OTHER VEHICLES, AND ENGAGED MANY MILLIONS OF VIEWERS AROUND THE WORLD. EXPEDITIONS IN 2024 WERE FUNDED BY NOAA OCEAN EXPLORATION VIA THE OCEAN EXPLORATION COOPERATIVE INSTITUTE, OCEAN NETWORKS CANADA,NOAA UNCREWED SYSTEMS OPERATION CENTER, BUREAU OF OCEAN ENERGY MANAGEMENT, AND OFFICE OF NAVAL RESEARCH. 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. 13253264 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 103 0 1 19 1 0 0 0 0 0 0 0 0 0 0 X 13 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT CA X RICHARD DARLING 8607725162 613 WILLIAMS ST NEW LONDON CT 06320 DR ROBERT BALLARD PRESIDENT 40.00 X X 581000 0 88456 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 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 237517 0 36657 ALLISON FUNDIS COO/BOT SECRETARY 40.00 X 432616 0 68373 DANIEL WAGNER CHIEF SCIENTIST 40.00 X 156470 0 22480 ROBERT WATERS ROV PILOT/MANAGER 40.00 X 153835 0 13637 MATTHEW KOSKELA DIRECTOR DATA SYSTEMS 40.00 X 154868 0 10888 RICHARD DARLING CONTROLLER 40.00 X 138109 0 18498 JANICE MEAGHER EXECUTIVE ASSISTANT 40.00 X 135278 0 6724 DEREK SOWERS SCIENTIST 40.00 X 124741 0 16077 MEGAN COOK EDUCATION DIRECTOR 40.00 X 114372 0 5459 2228806 0 287249 10 0 1 0 BERG MARITIME MANAGEMENT UNIT 1B THE WATSON JOHNSON CENTE GREYSTONES EI VESSEL MGMT 2352844 FLYING FISH EXHIBITS PTY LTD 24 MOORABOOL STREET GEELONG VIC AS MUSEUM TRAVELING EXHIBIT FABRICATION 733500 OCEAN DYNAMICS INC 4936B DAVID ROAD COURTENAY BC CA V9N 9 S3 REMOTELY OPERATED VEHICLES 450072 RED RIVER RESOURCES DBA NAVAIDE 10805 RANCHO BERNARDO RD SUITE 260 SAN DIEGO CA 92127 FUEL 426827 MARLINK 3327 SOUTH SAM HOUSTON PKY EAST SUI HOUSTON TX 77047 SATELLITE 371339 5 12183063 4495637 4000000 16678700 CHARTER/EXPEDITION, EDUCATION 541700 2580006 2580006 2580006 OTHER 900099 22659 22659 22659 19281365 2602665 0 0 X 1956797 1013167 914031 29599 961802 589417 372385 30165 22298 7867 69746 46353 23393 176421 110559 65219 643 144075 144075 63872 63872 99960 99960 6015494 5201517 813977 21891 21338 553 61983 60365 1618 119758 11374 108384 723411 605633 91778 26000 76730 39834 36896 76524 76524 2050899 1845809 205090 499538 405360 94178 REPAIRS AND MAINTENANCE 1256040 1252252 3788 VESSEL FUEL 840831 840831 SATELLITE COMMUNICATION 428829 428829 PORT AGENT FEES 249700 249700 569611 508628 60983 16494077 13253264 3084611 156202 563418 323302 820261 120261 1868058 2062126 7823 3698 115330 95268 21504268 16372581 6961840 5131687 407521 4371234 10744251 12107576 1272567 1432932 1425282 333736 433527 63112 613280 490913 3744656 2320693 X 6940675 9741368 58920 45515 6999595 9786883 10744251 12107576 2787288 0 X 0 1 X 1 1 1 X 8337264 10043240 11380622 12647875 16678700 59087701 8337264 10043240 11380622 12647875 16678700 59087701 59087701 59087701 10068511 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99960 99960 16394047 16494007 974700 243675 0 0 799277 868842 925198 974700 3568017 5352026 99960 99960 99960 99960 399840 199819 217211 231300 243675 892005 1338008 21504268 16372581 5131687 5131687 CONSTRUCTION IN PROGRESS 4055434 OPERATING LEASE RIGHT OF USE ASSET 315800 4371234 RETIREMENT LIABILITIES 175113 OPERATING LEASE LIABILITIES 315800 490913 19281365 0 19281365 0 19281365 16494077 0 16494077 0 16494077 CANADA 0 8 PROGRAM SERVICES CONTRACTORS 778452 IRELAND 0 2 PROGRAM SERVICES VESSEL MANAGEMENT 2467181 UNITED KINGDOM 0 1 PROGRAM SERVICES CONTRACTORS 6548 PALAU 0 6 PROGRAM SERVICES CONTRACTORS 36115 DENMARK 0 1 PROGRAM SERVICES CONTRACTORS 147751 AUSTRALIA 0 1 PROGRAM SERVICES CONTRACTORS 733500 SOLOMON ISLANDS 0 1 PROGRAM SERVICES CONTRACTORS 7350 NORWAY 0 1 PROGRAM SERVICES CONTRACTORS 5909 TURKEY 0 1 PROGRAM SERVICES CONTRACTORS 7000 NEW ZEALAND 0 1 PROGRAM SERVICES CONTRACTORS 71448 0 21 0 2 0 23 4182806 78448 4261254 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 581000 0 0 0 0 0 85984 0 2472 0 669456 0 0 0 ALLISON FUNDIS COO/BOT SECRETARY 432616 0 0 0 0 0 59000 0 9373 0 500989 0 0 0 DENISE H ARMSTRONG CFO/TREASURER 237517 0 0 0 0 0 32152 0 4505 0 274174 0 0 0 DANIEL WAGNER CHIEF SCIENTIST 156470 0 0 0 0 0 4953 0 17527 0 178950 0 0 0 ROBERT WATERS ROV PILOT/MANAGER 153835 0 0 0 0 0 4600 0 9037 0 167472 0 0 0 MATTHEW KOSKELA DIRECTOR DATA SYSTEMS 154868 0 0 0 0 0 4680 0 6208 0 165756 0 0 0 RICHARD DARLING CONTROLLER 138109 0 0 0 0 0 4464 0 14034 0 156607 0 0 0 X 1 4000000 FMV 1 0 0 0 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 THE PRESIDENT'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 145,247. MANAGEMENT AND GENERAL EXPENSES 9,905. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,152. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 2,816,639. MANAGEMENT AND GENERAL EXPENSES 804,072. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,620,711. VESSEL MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 2,239,631. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,239,631. OET LLC C/O MORNING STAR PO BOX 556 CHARLESTOWN SC HOLDING SC 4131110 1