Okeanos Foundation Us Inc in Dover, Delaware (DE)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Okeanos Foundation Us Inc | |
| Employer Identification Number (EIN) | 451032557 |
| Name of Organization | Okeanos Foundation Us Inc |
| In Care of Name | Edward S Labowitz Esq |
| Address | 40 E Division St Apt A, Dover, DE 19901-7365 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 09/2012 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,599,225 |
| Amount of Income | $-346 |
| Form 990 Revenue Amount | $1,399,117 |
| National Taxonomy of Exempt Entities (NTEE) | Science and Technology Research Institutes, Services: Marine Science and Oceanography |
Non-representatives - add comments:
Amount of income in 2013: $-346 (it was $-78,968 in 2012)
| This organization: | $-346 |
| Other organizations performing similar types of work: | $169,408 |
Assets in 2013: $3,599,225 (it was $2,618,531 in 2012)
| This organization: | $3,599,225 |
| Other organizations performing similar types of work: | $111,705 |
Expenses in 2012: $20,300
| This organization: | $20,300 |
| Other organizations performing similar types of work: | $153,402 |
Income to expenses ratio in 2012: -0.0
| This organization: | -0.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: -0.0%
| This organization: | -0.0% |
| Other organizations performing similar types of work: | 89.3% |
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $-78,968 | $136 | $-78,968 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $136 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-79,104 | |||
| Total expenses and disbursements | $20,300 | $519 | $0 | $19,781 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $20,300 | $519 | $19,781 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-99,268 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,618,531 | $2,618,531 |
| Cash - non-interest-bearing | $242,294 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,376,237 | |
| Total liabilities | $1,349,975 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,349,975 | |
| Total liabilities and net assets/fund balances | $1,268,556 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | Yes |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $233,385 |
| Net value of noncharitable-use assets | $229,880 |
| Minimum investment return | $11,494 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $19,781 | $10,000 | $0 | $0 | $29,781 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $136 | $57 | $0 | $0 | $193 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Schmidt Ocean Institute | 555 Bryant Street No 374, Palo Alto, CA 94301-1704 | CA | 2009-08 | $54,612,169 |
| 2 | Climate Foundation | 15500 Sw Jay Ste 48631, Beaverton, OR 97006 | OR | 2009-01 | $2,758,293 |
| 3 | Northeastern Regional Association Of Coastal Ocean Observation Syste, Neracoos | 195 New Hampshire Ave Suite 240, Portsmouth, NH 03801-2875 | NH | 2010-02 | $1,984,600 |
| 4 | Milwaukee Water Council Inc | 247 W Freshwater Way Ste 500, Milwaukee, WI 53204-4118 | WI | 2009-06 | $1,848,124 |
| 5 | Marine Science And Technology Foundation | 555 Bryant Street No 374, Palo Alto, CA 94301-1704 | CA | 2010-04 | $1,600,415 |
| 6 | World Ocean Council | 3035 Hibiscus Drive Suite 1, Honolulu, HI 96815-4724 | HI | 2014-07 | $1,486,074 |
| 7 | Sea To Shore Alliance | 4411 Bee Ridge Rd Ste 490, Sarasota, FL 34233-2514 | FL | 2008-07 | $1,413,794 |
| 8 | Theiss Research | 7411 Eads Avenue, La Jolla, CA 92037 | CA | 2006-04 | $982,490 |
| 9 | Bimini Biological Field Station Foundation Inc | 9300 Sw 99th St, Miami, FL 33176-2050 | FL | 2012-05 | $467,511 |
| 10 | National Aquarium Conservation Center Inc | 111 Market Place, Baltimore, MD 21202-4035 | MD | 2011-03 | $411,298 |
| 11 | Research Applied Technologyeducation Service Incorporated | 41 Elm Street, Potsdam, NY 13676-1946 | NY | 2011-06 | $404,567 |
| 12 | Center For Applied Marine Science & Technology | Po Box 1346, Gloucester Point, VA 23062 | VA | 2001-10 | $242,066 |
| 13 | Fins Attached Marine Research And Conservation | 19675 Still Glen Drive, Colorado Springs, CO 80908 | CO | 2011-12 | $212,541 |
| 14 | Sealife Conservation Inc | 500 Westridge Drive, Watsonville, CA 95076 | CA | 2005-09 | $173,980 |
| 15 | Oceangate Foundation | 1111 80th St Sw Ste 250, Everett, WA 98203 | WA | 2012-04 | $169,408 |
| 16 | Energy And Water Institute Of New York Inc, No | 866 United Nations Plaza Suite 422, New York, NY 10017 | NY | 2011-02 | $155,500 |
| 17 | Zephyr Education Foundation | 54 Widgeon Rd, Falmouth, MA 02540-1717 | MA | 2010-07 | $132,756 |
| 18 | Global Foundation For Ocean Exploration Inc, Gfoe | 25 Limekiln Rd, Redding, CT 06896 | CT | 2013-01 | $122,953 |
| 19 | Carrow Foundation | 15 Center Meeting Road, Wilmington, DE 19807 | DE | 2008-06 | $7,496 |
| 20 | Okeanos Foundation Us Inc | 40 E Division St Apt A, Dover, DE 19901-7365 | DE | 2012-09 | $-346 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 150 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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