2025-12-09T11:34:18-06:00 2025-06-30 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2024-07-01 520805471 Marine Technology Society Inc MARI 2028277171 One Thomas Circle Ste 700 Washington DC 200055800 Chris Ostrander Chief Executive Officer 2028277171 2025-12-09 1 1 Lori A Collingsworth P00639819 7038930300 2025-12-09 2024 2025-03-06 01:10:19Z Chris Ostrander One Thomas Circle Ste 700 Washington DC 200055800 7576355 0 X https://www.mtsociety.org/ X 1963 NY To promote awareness, understanding, advancement and application of marine technology. 12 12 12 175 3730 0 2214027 2950596 2678719 2145983 153443 648032 320913 381849 5367102 6126460 401428 428318 0 0 1292292 1807869 0 0 0 3003637 2916459 4697357 5152646 669745 973814 8933159 10370544 845456 1189296 8087703 9181248 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 1327495 245135 1595332 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 operates Professional Committees ("Committees") representing technical interest groups that facilitate the exchange and transfer of technical information among professionals from academia, government, and industry. Continued in Schedule O 1784090 101877 104008 Education programming: Other educational programs supporting the organization's mission. 439218 81306 219416 MATE ROV Competition: The MATE ROV Competition is an underwater robotics (aka remotely operated vehicle or ROV) challenge that engages a global community of learners each year. The MATE ROV Competition challenges students to apply math, electronics, engineering, and physics toward solving problems based on real-world workplace scenarios. The competition tasks students from K-12, community colleges and universities within five levels (EXPLORER, PIONEER, RANGER, NAVIGATOR, and SCOUT) to design, build and test underwater robots to complete specified, simulated real-world missions. Continued in Schedule O 293576 199939 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. 176646 276790 SeaMATE is an online store that offers beginning and intermediate underwater robotics kits, building guides and instructional materials aligned with standards, and other products that support the teaching, designing, and building of ROVs. Working at the SeaMATE store, student interns learn many aspects of running a business, from inventory to production, accounting, and product promotion, as they prepare for their future careers. 188554 3630 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 monthly digital newsletter, focusing on society-wide and industry news and events, business announcements and information, scientific briefs and articles, and member news. 86058 23658 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. 3603 Ocean Exchange: Ocean Exchange is a global ecosystem whose mission is to accelerate the adoption of innovative solutions for healthy oceans and the sustainable blue economy by providing monetary awards, connecting innovators with experts, and promoting breakthrough technologies through a global ecosystem. 748437 504017 4299240 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 46 0 1 12 1 1 1 1 JA IN 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 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 Society 2028277171 One Thomas Circle Ste 700 Washington DC 200055800 Susan Hunt President 1.00 X X 0 0 0 Gerhard Kuska began 112025 President Elect 1.00 X X 0 0 0 Justin Manley Past President 1.00 X X 0 0 0 Jerry Miller VP of Government and Public Affairs 1.00 X X 0 0 0 Josh Kohut VP of Education 1.00 X X 0 0 0 Debbi Kill VP of Budget and Finance 1.00 X X 0 0 0 Katharine Weathers VP of Section Affairs 1.00 X X 0 0 0 Steve Hall VP of Publications & Communications 1.00 X X 0 0 0 David Golden VP of MATE 1.00 X X 0 0 0 Hannah Toerner began 112025 VP of ECOPs 1.00 X X 0 0 0 Jim Hanlon VP of Research and Technology 1.00 X X 0 0 0 William Brennan began 62724 VP of Ocean Exchange 1.00 X X 0 0 0 Zdenka Willis ended 123124 Past President 1.00 X X 0 0 0 Richard Crout ended 123124 VP of Section Affairs 1.00 X X 0 0 0 Chris Ostrander Chief Executive Officer 40.00 X 295431 0 42584 Jill Zande MATE Executive Director 40.00 X 159171 0 10029 Kristina Norman Sr. Director of Operations & Events 40.00 X 128549 0 7812 Claire Idell Sr. Dir, Engagement/Member Relations 40.00 X 116012 0 32044 699163 0 92469 4 0 1 0 0 1622154 1328442 60533 2950596 Conferences and meetings 900099 1595332 1595332 MATE ROV competition 900099 219416 219416 Membership dues 900099 199939 199939 Consulting revenue 900099 103908 103908 Publications and Journals 513120 23658 23658 3730 3730 2145983 191016 191016 22208 22208 1505463 1048447 457016 457016 457016 193343 121342 72001 72001 556896 280106 276790 276790 Other revenue 900099 10850 10850 10850 6126460 2419043 3730 753091 X 428318 428318 520516 434309 86207 967707 807437 160270 44853 37424 7429 165586 138162 27424 109207 91120 18087 148247 148247 17064 17064 531644 485936 45708 7739 7739 159299 91054 68245 90285 20385 69900 17716 1120 16596 82907 37579 45328 1767432 1686894 80538 3480 3480 58883 58883 MTS Journal 31763 31763 5152646 4299240 853406 0 1632288 935421 333581 818509 234388 738455 116950 80814 131598 108440 27240 25202 5518 2038 6478836 7127268 0 559599 8933159 10370544 565927 558186 113555 284422 165974 346688 845456 1189296 X 7974558 8583781 113145 597467 8087703 9181248 8933159 10370544 973814 119731 0 X X 0 1 X 1 1 1 X 51555 296796 112220 2214027 2950596 5625194 232808 1407765 1917303 3199212 2699149 9456237 15505 140027 243128 178355 204193 781208 299868 1844588 2272651 5591594 5853938 15862639 0 19218 7236 26454 19218 7236 26454 15836185 163995 94214 116989 182969 213224 771391 163995 94214 116989 182969 213224 771391 8721 41421 8000 58142 463863 1947523 2431061 5782563 6067162 16692172 0.94870 0.93450 0.04620 0.05880 X Schedule A, Part III, Line 12, Explanation of Other Income: CC Rewards/ Other Misc Receipts - 2020 Amount: $ 0. 2021 Amount: $ 8,721. 2022 Amount: $ 41,421. 2023 Amount: $ 8,000. 2024 Amount: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27240 25202 2038 2038 Due from Ocean Exchange 529020 Right-of-use asset - operating lease 30579 559599 Funds held for Oceans Conferences 141775 Refundable advances 174334 Lease liability 30579 346688 X 6664096 119731 33521 401448 554700 6109396 17064 17064 6126460 5570551 33521 401448 434969 5135582 17064 17064 5152646 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 121,342. Cost of goods sold- SeaMATE 280,106. Part XII, Line 2d - Other Adjustments: Special events direct expenses 121,342. Cost of goods sold- SeaMATE 280,106. Europe 0 0 Program Services OCEANS 2025 Brest 232545 0 0 0 0 0 0 232545 0 232545 0 0 0 0 0 0 Part I, line 3: Foreign expenses are directly tracked and accounted for on the accrual method of accounting. Houston Clay Shoot 159030 159030 79265 25969 Houston BBQ 34313 34313 7561 8547 193343 193343 86826 8547 25969 121342 72001 1 Scholarships 20 69300 0 Sponsorships and Awards 26 55699 0 Travel Support 140 303319 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 Chris Ostrander Chief Executive Officer 268031 0 25000 0 2400 0 15360 0 27224 0 338015 0 0 0 Jill Zande MATE Executive Director 152771 0 4000 0 2400 0 8047 0 1982 0 169200 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. X 1 47736 Fair Market Value X Equipment 8 12797 Fair Market Value 0 0 0 Form 990, Part III, Line 4a, Conferences and Workshops: Committees are focusing on the concerns of the specific subject area within three major groups: Research, Industry, and Technology; Government and Public Affairs; and Education. Form 990, Part III, Line 4c, MATE ROV Competition: Students also must organize themselves into mock companies, encouraging them to develop entrepreneurial thinking and business and project management skills while spurring innovation and collaboration to produce and compete with ROVs. 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 4 On April 11, 2025, MTS entered into a Transaction Agreement ("the Agreement") with Ocean Exchange, Inc. (OE), a Georgia not-for-profit organization. Under the terms of the Agreement, OE agreed to assign and transfer substantially all of its assets and associated liabilities to MTS. This merger marks a significant milestone in the marine technology industry, ensuring innovation to support a sustainable and thriving future for the world's oceans remains central to the MTS mission. By combining expertise and resources, MTS and Ocean Exchange are committed to advancing innovation, strengthening the ocean workforce, and accelerating the transition of groundbreaking technologies into real-world applications. The MTS By-laws were updated in May of 2025 to add an additional board seat- VP of Ocean Exchange. 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 Society's website. Form 990, Part VI, Section C, line 19 The Society makes its Form 1023, governing documents, conflict of interest policy, and financial statements available upon request. Form 990, Part IX, line 11g Consultants and contractors: Program service expenses 485,936. Management and general expenses 45,708. Fundraising expenses 0. Total expenses 531,644. Form 990, Part XII, Line 2c: The Society 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.