Our World Underwater Scholarship Society
- Assets
- $863.4k
- Revenue
- $114.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodridge, IL
- Founding
- 05/1980
- Data as of
- 05/2022
- EIN
- 36-3053877
Organization Overview
Our World Underwater Scholarship Society is located in Woodridge, IL. The organization was established in 1980. According to its NTEE Classification (C02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Our World Underwater Scholarship Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Our World Underwater Scholarship Society generated $114.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $112.8k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNDERWATER EDUCATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE EDUCATIONAL ACTIVITIES RELATED TO THE UNDERWATER WORLD BY PROVIDING A YEAR-LONG SCHOLARSHIP DESIGNATED TO INTRODUCE A PERSON TO A RANGE OF VARIOUS MARINE FIELDS.
NATIONAL PARK SERVIDE INTERNSHIP NPS IS ACTIVELY INVOLVED IN EDUCATION OUTREACH OPERATIONAL DIVING AND UNDERWATER SCIENCE IN PARTNERSHIP WITH THE OWUSS.
THE AMERICAN ACADEMY OF UNDERWATER SCIENCES AAUS INTERNSHIP PROVIDES AN UNDERGRADUATE WITH THE EXPERIENCE AND OPPORTUNITISES NECESSARY FOR A FUTURE IN UNDERWATER SCIENCE.
ALL OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent J Malkoski Chairman | OfficerTrustee | 4 | $0 |
Robin Macfadden Parish VP | OfficerTrustee | 4 | $0 |
Claire B Mullaney VP | OfficerTrustee | 4 | $0 |
Steven M Barnett President | Officer | 4 | $0 |
Margaret M Malkoski Secretary | Officer | 4 | $0 |
Martha L Sanders Treasurer | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,851 |
| Noncash contributions included in lines 1a–1f | $44,664 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,851 |
| Total Program Service Revenue | $2,402 |
| Investment income | $31,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,442 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $963 |
| Fees for services: Accounting | $5,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,369 |
| Information technology | $19,254 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,818 |
| Insurance | $4,605 |
| All other expenses | $1,070 |
| Total functional expenses | $112,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,975 |
| Savings and temporary cash investments | $54,528 |
| Pledges and grants receivable | $3,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,755 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $207,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $863,368 |
| Accounts payable and accrued expenses | $5,296 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,884 |
| Total liabilities | $34,180 |
| Net assets without donor restrictions | $829,188 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $863,368 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Our World Underwater Scholarship Society has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
M N Emmerman And P A Stockhausen Foundation Inc New York, NY PURPOSE: FUNDS FOR OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Waterways Alliance Inc Louisville, KY | $18,040,069 | $2,310,795 |
Bluegrass Regional Recycling Corporation Richmond, KY | $3,477,305 | $2,852,290 |
Science & Environmental Health Network Ames, IA | $583,408 | $852,927 |
Missouri Water Environment Association Incorporated Jefferson City, MO | $508,643 | $512,233 |
Wastecap Resource Solutions Inc Milwaukee, WI | $238,754 | $362,969 |
Open Source Ecology Maysville, MO | $146,904 | $172,645 |
Midwest Pesticide Action Center Chicago, IL | $47,331 | $0 |
Kytn Water Environment Association Louisville, KY | $313,229 | $39,299 |
Society Of Wetland Scientists Professional Certification Program Hoffman Estates, IL | $746,080 | $253,211 |
Environmental Management Institute Inc Indianapolis, IN | $0 | $8,984 |
Missouri Soil & Water Conservation Districts Foundation Jefferson City, MO | $634,558 | $131,785 |
Our World Underwater Scholarship Society Woodridge, IL | $863,368 | $114,713 |