Ocean Discovery League Inc
- Assets
- $913.7k
- Revenue
- $989.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Saunderstown, RI
- Founding
- Data as of
- 12/2021
- EIN
- 84-1827384
Organization Overview
Ocean Discovery League Inc is located in Saunderstown, RI. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Discovery League Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OCEAN DISCOVERY LEAGUE'S MISSION IS TO ACCELERATE DEEP-OCEAN EXPLORATION BY DEVELOPING ACCESSIBLE SYSTEMS TO BROADEN THE COMMUNITY OF THOSE WHO EXPLORE AND UNDERSTAND THE DEEP SEA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS CREATING LOW-COST, EASY-TO-USE DEEP-SEA SYSTEMS THAT GATHER THE MOST CRITICAL DATA TO INFORM ENVIRONMENTAL DECISION-MAKING AND DEPLOYMENT STRATEGIES.
THE ORGANIZATION CONDUCTS AN ASSESSMENT OF THE TECHNICAL AND HUMAN CAPACITY FOR DEEP-SEA EXPLORATION AND RESEARCH IN EVERY COASTAL AREA WITH DEEP OCEAN WORLDWIDE.
THE ORGANIZATION IS DEVELOPING A FELLOWSHIP PROGRAM TO ESTABLISH THE LONG-TERM TECHNICAL AND HUMAN CAPACITY FOR DEEP-SEA EXPLORATION AND RESEARCH IN LOCATIONS WORLDWIDE THAT DO NOT CURRENTLY HAVE THE CAPABILITY TO UNDERTAKE THIS CRITICAL WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Croff Bell President | Officer | 40 | $40,000 |
Susan Poulton Secretary | Officer | 40 | $20,000 |
Ellen Blix Treasurer | Officer | 2 | $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 | $989,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $989,005 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $989,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,290 |
| Advertising and promotion | $3,734 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $45 |
| Total functional expenses | $75,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $913,718 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $913,718 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $913,718 |
| 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 | $913,718 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ocean Discovery League Inc has recieved totaling $99,000.
| Awarding Organization | Amount |
|---|---|
National Geographic Society Washington, DC PURPOSE: Research Grant | $99,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sea Education Association Inc Falmouth, MA | $20,669,049 | $7,982,566 |
The Global Foundation For Ocean Exploration Inc Mystic, CT | $2,739,847 | $5,589,475 |
Inter District Committee For Project Oceanology Groton, CT | $1,360,230 | $1,726,047 |
Atlantic White Shark Conservancy Inc Chatham, MA | $1,610,848 | $1,610,574 |
Society For Marine Mamalogy Yarmouth Port, MA | $3,099,610 | $367,619 |
Ocean Discovery League Inc Saunderstown, RI | $913,718 | $989,005 |
Atlantic Shark Institute Wakefield, RI | $105,537 | $0 |
Marine Studies Consortium Jamaica Plain, MA | $114,977 | $0 |
Zephyr Education Foundation Falmouth, MA | $64,674 | $0 |
Associated Scientists At Woods Hole Inc Woods Hole, MA | $39,455 | $0 |
Northfield Underwater Search And Rescue Team Northfield, MA | $14,678 | $7,181 |
Ocean Genome Legacy Inc Ipswich, MA | $6,907 | $0 |