Oceanic Labs Research Foundation
- Assets
- $33.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- Data as of
- 09/2022
- EIN
- 87-0824831
Organization Overview
Oceanic Labs Research Foundation is located in Cambridge, MA. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceanic Labs Research Foundation 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 09/2022, Oceanic Labs Research Foundation generated $123.6k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $152.8k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OCEANIC LABS IS DEDICATED TO PROTECTING THE OCEAN THROUGH RESEARCH AND INNOVATION CREATING TOOLS THAT FACILITATE OCEAN CONSERVATION AND STEWARDSHIP. DURING THIS FISCAL YEAR WE CREATED A SET OF TOOLS MOST NOTABLY A NOVEL TOOL FOR SAMPLING AND COLLECTING ENVIRONMENTAL DNA IN THE MESOPELAGIC 200M TO 1000M UNDERWATER IN THE OPEN OCEAN TOGETHER WITH ADDITIONAL SECONDARY SENSOR TOOLS WHICH WE DELIVERED TO WHOI FOR DEPLOYMENT ON THEIR "MESOBOT" VEHICLE. THE RESULTING SCIENTIFIC DISCOVERIES HAD A MATERIAL IMPACT ON THE FIELD OF MIDWATER GENOMICS AND THE POSSIBILITY OF MONITORING AND PRESERVING MIDWATER BIODIVERSITY WHICH IS A GREAT SUCCESS FOR OUR MISSION.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $123,629 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,629 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $116,889 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35,873 |
| Total expenses | $152,762 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,344 |
| Other assets | $0 |
| Total assets | $33,344 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,344 |