Ocean Technology Foundation Inc in Mystic, Connecticut (CT)

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Ocean Technology Foundation Inc
Employer Identification Number (EIN)061494809
Name of OrganizationOcean Technology Foundation Inc
In Care of NameMelissa Ryan
Address34 Water Street, Mystic, CT 06355
Websitehttp://www.oceantechnology.org
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Other scientific research activities, Other instruction and training
SubsectionCharitable Organization
Ruling Date09/1997
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 Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$2,513
Amount of Income$12,815
Form 990 Revenue Amount$12,815
National Taxonomy of Exempt Entities (NTEE)Science and Technology Research Institutes, Services: Marine Science and Oceanography


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Amount of income in 2013: $12,815 (it was $7,500 in 2012)
This organization: 

 $12,815
Other organizations performing similar types of work: 

 $855,285

Assets in 2013: $2,513 (it was $2,965 in 2012)
Ocean Technology Foundation Inc: 

 $2,513
Other organizations performing similar types of work: 

 $436,406

Expenses in 2012: $8,757
This organization: 

 $8,757
Other organizations performing similar types of work: 

 $630,714

Income to expenses ratio in 2012: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 100.0%
Ocean Technology Foundation Inc: 

 100.0%
Other organizations performing similar types of work: 

 78.6%

Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$7,500
Contributions, gifts, grants, and similar amounts received$7,500
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$8,757
Total net assets$-7,160
Deficit for the year$-1,257
Net assets or fund balances at beginning of year$-5,903
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$2,965
Total liabilities$10,125
Net assets or fund balances$-7,160
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$330,468
Gifts, grants, contributions, and membership fees received$282,593
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$47,875
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Woods Hole Oceanographic Institution569 Woods Hole Road - Ms14, Woods Hole, MA 02543-1041MA1954-12$392,591,036
2Mote Marine Laboratory1600 Ken Thompson Pkwy, Sarasota, FL 34236-1004FL1977-07$23,088,768
3American Institute Of Marine Studies IncFort Lauderdale, FL 33308FL$19,974,676
4Bigelow Laboratory For Ocean Sciences60 Bigelow Drive, East Boothbay, ME 04544ME1961-01$13,902,213
5Stroud Water Research Center Inc970 Spencer Rd, Avondale, PA 19311-9514PA1999-02$10,787,315
6Oceanic Institute41-202 Kalanianaole Highway, Waimanalo, HI 96795-1820HI1964-01$3,128,490
7Marine Resources Development FoundationPO BOX 787, Key Largo, FL 33037FL1985-09$2,356,611
8Marine & Environmental Research & Training StationAstoria, OR 97103OR$2,210,779
9Society For Marine Mamalogy, Research Institute8272 Moss Landing Rd, Moss Landing, CA 95039-9647CA1989-03$855,285
10Texas Marine Mammal Stranding Network4700 Avenue U, Galveston, TX 77551-6015TX1989-05$198,657
11Marine Studies Consortium37 Hillcroft Rd, Jamaica Plain, MA 02130-3042MA1981-06$30,726
12Stroud Water Research Center Trust, Sweeney Bernard Ttee1100 N Market St, Wilmington, DE 19890-0001DE1997-02$1,005
13Ocean Genome Legacy Inc240 County Road, Ipswich, MA 01938MA2009-04$1,043,564
14Algalita Marine Research And Education148 N Marina Dr, Long Beach, CA 90803-4601CA1995-08$350,846
15Chesapeake Bay Region Technical Center Of Excellence Inc5737 Brooks Dr Ste 101, Easton, MD 21601MD2001-04$37,216
16Trout Unlimited 422 Marinette County ChapterN2095 County Bb, Marinette, WI 54143WI1972-03$16,020
17Ocean Technology Foundation Inc34 Water Street, Mystic, CT 06355CT1997-09$12,815
18Institute For Global Maritime Studies Inc35 Norwood Heights, Gloucester, MA 01970MA2008-08$4,603
19Adopt A Fish Adopt A School Inc3000 Ne 151st St, North Miami, FL 33181-3605FL2009-04$0
20East Coast Shellfish Research InstituteBox 487, Carolina, RI 02812RI2008-02$0
Number of organizations performing similar types of work
California3
Connecticut1
Delaware1
Florida5
Hawaii1
Massachusetts4
Maryland1
Maine1
Oregon1
Pennsylvania1
Rhode Island1
Texas1
Wisconsin1
International1
Total23

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