Global Foundation For Ocean Exploration Inc, Gfoe in Redding, Connecticut (CT)

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Global Foundation For Ocean Exploration Inc, Gfoe
Employer Identification Number (EIN)460814861
Name of OrganizationGlobal Foundation For Ocean Exploration Inc
Secondary NameGfoe
In Care of NameDavid Lovalvo
Address25 Limekiln Rd, Redding, CT 06896
SubsectionCharitable Organization
Ruling Date01/2013
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$79,565
Amount of Income$122,953
Form 990 Revenue Amount$122,953
National Taxonomy of Exempt Entities (NTEE)Science and Technology Research Institutes, Services: Marine Science and Oceanography


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Amount of income in 2012: $122,953 (it was $122,953 in 2013)
Global Foundation For Ocean Exploration Inc, Gfoe: 

 $122,953
Other organizations performing similar types of work: 

 $169,408

Assets in 2012: $79,565 (it was $79,565 in 2013)
Global Foundation For Ocean Exploration Inc, Gfoe: 

 $79,565
Other organizations performing similar types of work: 

 $111,705

Expenses in 2013: $44,110
Global Foundation For Ocean Exploration Inc, Gfoe: 

 $44,110
Other organizations performing similar types of work: 

 $153,402

Income to expenses ratio in 2013: 2.8
This organization: 

 2.8
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 99.9%
This organization: 

 99.9%
Other organizations performing similar types of work: 

 89.3%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$122,953
Contributions, gifts, grants, and similar amounts received$122,874
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$0
Other revenue$79
Total expenses$44,110
Total net assets$79,565
Excess/Deficit for the year$78,843
Net assets or fund balances at beginning of year$722
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$79,565
Balance Sheets
2013
Total assets$79,565
Total liabilities$0
Net assets or fund balances$79,565
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$19,087
Subtotal Support$137,724
Gifts, grants, contributions, and membership fees received$137,724
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$118,637
Total Support$137,803
Public Support$137,724
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$79
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Schmidt Ocean Institute555 Bryant Street No 374, Palo Alto, CA 94301-1704CA2009-08$54,612,169
2Climate Foundation15500 Sw Jay Ste 48631, Beaverton, OR 97006OR2009-01$2,758,293
3Northeastern Regional Association Of Coastal Ocean Observation Syste, Neracoos195 New Hampshire Ave Suite 240, Portsmouth, NH 03801-2875NH2010-02$1,984,600
4Milwaukee Water Council Inc247 W Freshwater Way Ste 500, Milwaukee, WI 53204-4118WI2009-06$1,848,124
5Marine Science And Technology Foundation555 Bryant Street No 374, Palo Alto, CA 94301-1704CA2010-04$1,600,415
6World Ocean Council3035 Hibiscus Drive Suite 1, Honolulu, HI 96815-4724HI2014-07$1,486,074
7Sea To Shore Alliance4411 Bee Ridge Rd Ste 490, Sarasota, FL 34233-2514FL2008-07$1,413,794
8Theiss Research7411 Eads Avenue, La Jolla, CA 92037CA2006-04$982,490
9Bimini Biological Field Station Foundation Inc9300 Sw 99th St, Miami, FL 33176-2050FL2012-05$467,511
10National Aquarium Conservation Center Inc111 Market Place, Baltimore, MD 21202-4035MD2011-03$411,298
11Research Applied Technologyeducation Service Incorporated41 Elm Street, Potsdam, NY 13676-1946NY2011-06$404,567
12Center For Applied Marine Science & TechnologyPo Box 1346, Gloucester Point, VA 23062VA2001-10$242,066
13Fins Attached Marine Research And Conservation19675 Still Glen Drive, Colorado Springs, CO 80908CO2011-12$212,541
14Sealife Conservation Inc500 Westridge Drive, Watsonville, CA 95076CA2005-09$173,980
15Oceangate Foundation1111 80th St Sw Ste 250, Everett, WA 98203WA2012-04$169,408
16Energy And Water Institute Of New York Inc, No866 United Nations Plaza Suite 422, New York, NY 10017NY2011-02$155,500
17Zephyr Education Foundation54 Widgeon Rd, Falmouth, MA 02540-1717MA2010-07$132,756
18Global Foundation For Ocean Exploration Inc, Gfoe25 Limekiln Rd, Redding, CT 06896CT2013-01$122,953
19Tiburon Salmon Institute, Brooke Halsey14 Juno Rd, Tiburon, CA 94920-1304CA2008-07$115,704
20Aquaculture Foundation Inc14 Canfield Rd, Essex, CT 06426CT2003-01$0
Number of organizations performing similar types of work
Alaska3
Alabama2
Arizona1
California29
Colorado3
Connecticut2
District of Columbia1
Delaware2
Florida23
Georgia4
Hawaii10
Illinois4
Massachusetts9
Maryland4
Maine3
Michigan4
Minnesota1
Missouri1
Montana1
North Carolina2
New Hampshire2
New Jersey4
New York7
Oklahoma1
Oregon3
Rhode Island2
Tennessee1
Texas3
Virginia5
Washington11
Wisconsin2
Total150

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