SCHMIDT OCEAN INSTITUTE: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SCHMIDT OCEAN INSTITUTE (EIN 26-4562328)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202403199349101135
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T10:21:03-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 941254756 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOOD & STRONG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2580 N 1ST ST STE 460 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95131 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264562328 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHMIDT OCEAN INSTITUTE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SCHM | BusinessNameControlTxt |
| Phone | 6504618092 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 BRYANT STREET 374 | AddressLine1Txt |
| City | PALO ALTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94301 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN KELLY | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 6504618092 | PhoneNum |
| Signature | 2024-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MAGA E KISRIEV | PreparerPersonNm |
| PTIN | P01008919 | PTIN |
| Phone | 4089988400 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $137,324,185 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $75,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $2,840 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2,840 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $2,840 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $701,654 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $701,654 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $701,654 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,604,928 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $22,846,973 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,604,928 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $2,603,354 | NetSTCapitalGainAdjNetIncmAmt |
| Incm Modifications Adj Net Incm | $5,396 | IncmModificationsAdjNetIncmAmt |
| Other Income Rev And Expnss | -$740 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$740 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | -$740 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $78,308,682 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,308,682 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $3,312,504 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $561,957 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $561,957 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $11,139,434 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $11,147,109 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,394,611 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,392,696 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $34,315 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $17,009 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $553,069 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $245,938 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $438,982 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $4,845 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $528,168 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $107,615 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $4,225 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $7,867,300 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $192,082 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $158,935 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $904,933 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $904,579 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $9,945,186 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $5,489 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $23,323,420 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $33,139,484 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $10,334 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $38,284,036 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $405,059 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $456,059 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $33,544,543 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $10,334 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $38,740,095 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $44,764,139 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,298,348 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $3,312,504 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,488,602 | CashBOYAmt |
| Cash EOY | $446,625 | CashEOYAmt |
| Cash EOYFMV | $446,625 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $17,080,416 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $27,567,325 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $27,567,325 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $2,411,349 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $2,308,402 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $2,308,402 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $34,375,950 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $34,375,950 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $87,709,076 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,489,456 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $78,941,414 | LandBOYAmt |
| Land EOY | $72,219,620 | LandEOYAmt |
| Land EOYFMV | $72,219,620 | LandEOYFMVAmt |
| Other Assets BOY | $7,781 | OtherAssetsBOYAmt |
| Other Assets EOY | $406,263 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $406,263 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $99,929,562 | TotalAssetsBOYAmt |
| Total Assets EOY | $137,324,185 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $137,324,185 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $17,062,795 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $5,012,301 | AccountsPayableEOYAmt |
| Grants Payable BOY | $292,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $241,000 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $399,123 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $17,354,795 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,652,424 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $82,574,767 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $131,671,761 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $82,574,767 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $131,671,761 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $99,929,562 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $137,324,185 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $82,574,767 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $44,764,139 | ExcessRevenueOverExpensesAmt |
| Other Increases | $4,332,855 | OtherIncreasesAmt |
| Subtotal | $131,671,761 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $131,671,761 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | DepreciationDepreciationAmt |
|---|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $22,844,473 | $20,241,119 | $2,603,354 | $2,603,354 | ||||
| SHIPPING CONTAINER | $2,500 | $3,002 | $1,574 | $1,574 | P | 2016-03-28 | 2023-04-06 | $2,076 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,604,928 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $2,603,354 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $45,847 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $45,847 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $45,847 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,644 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $39,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $46,644 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $797 | OverpaymentAmt |
| Applied To ES Tax | $797 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | WA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.SCHMIDTOCEAN.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN KELLY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6504618092 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1010 ALMA STREET | AddressLine1Txt |
| City | MENLO PARK | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| WENDY SCHMIDT | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | DIRECTOR/PRESIDENT | 3.00 | $0 | $0 | $0 |
| ERIC SCHMIDT | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | DIRECTOR/VICE PRESIDENT | 1.50 | $0 | $0 | $0 |
| JOHN KELLY | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | TREASURER/CHIEF FINANCIAL OFFICER | 28.00 | $0 | $0 | $0 |
| JYOTIKA VIRMANI | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | EXECUTIVE DIRECTOR | 40.00 | $561,957 | $42,980 | $0 |
| FRANCES BABB | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | SECRETARY | 0.25 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| ERIC KING | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | SENIOR DIRECTOR OF O | 40.00 | $474,420 | $40,408 | $0 |
| ANDREW BOYER | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | DIRECTOR OF ENGINEER | 40.00 | $367,461 | $43,366 | $0 |
| NICOLAS DECOURCY BINGHAM | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | LEAD ELECTRICAL ENGI | 40.00 | $287,851 | $28,687 | $0 |
| CARLIE WIENER | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | DIRECTOR OF COMMS & | 40.00 | $287,910 | $15,735 | $0 |
| JASON WILLIAMS | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | LEAD MECHANICAL ENGI | 40.00 | $274,658 | $16,696 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 66 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Service TypeServiceTypeTxt | CompensationCompensationAmt | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|---|
| ADOCEAN SL (EUR) | |||||||||
| RAMBLA VOLART 11 | BARCELONA | CATALUNYA, 08041 | SP | IT SERVICES | $203,971 | ||||
| HEIKO VOLZ | |||||||||
| AN DER UNTERTRAVE 19/HAUS 37 | LUBECK, 23552 | GM | SAFETY/SECURITY/OPERATION SUPPORT | $150,482 | |||||
| JASON RODRIGUEZ | |||||||||
| ROV PILOT AND TECHNICIAN | $146,276 | 1509 TUCUMCARI TRAIL | AUSTIN | TX | 78734 | ||||
| LUMA STORYTELLING LIMITED | |||||||||
| 2D ROMFORD ROAD | WARSASH | SOUTHAMPTON, SO31 | UK | GRAPHIC DESIGN | $115,737 | ||||
| HILLSPIRE LLC | |||||||||
| ACCOUNTING/ OTHER PROFESSIONAL SERVICES | $109,378 | 555 BRYANT STREET 347 | PALO ALTO | CA | 94301 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 11 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | MARINE RESEARCH VESSEL PLATFORM DEVELOPMENT, ROBOTICS ENGINEERING, AND SUPPORTING EQUIPMENT. | Description1Txt |
| Expenses1 | $692,645 | Expenses1Amt |
| Description2 | RESEARCH VESSEL OPERATIONS - MAPPING AND ROV OPERATIONS | Description2Txt |
| Expenses2 | $34,583,299 | Expenses2Amt |
| Description3 | SCIENTIFIC PROGRAMS RESEARCH AND DEVELOPMENT | Description3Txt |
| Expenses3 | $2,290,963 | Expenses3Amt |
| Description4 | SCIENCE OUTREACH AND COMMUNICATION | Description4Txt |
| Expenses4 | $1,863,561 | Expenses4Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $20,160,925 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $17,365,296 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,880,742 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $41,406,963 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $41,406,963 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $621,104 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $40,785,859 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,039,293 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $38,740,095 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $1,146,432 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $39,886,527 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2009-08-31 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,039,293 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $2,039,293 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,733,399 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $1,733,399 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $39,886,527 | CurrentYearAmt |
| Year1 | $40,101,720 | Year1Amt |
| Year2 | $64,612,816 | Year2Amt |
| Year3 | $18,577,006 | Year3Amt |
| Total | $163,178,069 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $456,059 | CurrentYearAmt |
| Year1 | $1,613,400 | Year1Amt |
| Year2 | $546,000 | Year2Amt |
| Year3 | $381,000 | Year3Amt |
| Total | $2,996,459 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $39,430,468 | CurrentYearAmt |
| Year1 | $38,488,320 | Year1Amt |
| Year2 | $64,066,816 | Year2Amt |
| Year3 | $18,196,006 | Year3Amt |
| Total | $160,181,610 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,359,529 | CurrentYearAmt |
| Year1 | $309,947 | Year1Amt |
| Year2 | $719,629 | Year2Amt |
| Year3 | $344,317 | Year3Amt |
| Total | $2,733,422 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MARINE TECHNOLOGY SOCIETY INC | |||||||||||
| 1100 H STREET NW SUITE LL-100 | WASHINGTON | DC | 20005 | N/A | PC | MARINE TECHNOLOGY SOCIETY SPONSORSHIP OCEANS (GLOBAL) STUDENT POSTER COMPETITION | $6,000 | ||||
| MATE INSPIRATION FOR INNOVATION | |||||||||||
| 980 FREMONT STREET | MONTEREY | CA | 93940 | N/A | PC | MATE INSPIRATION ROV COMPETITION | $50,000 | ||||
| UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH | |||||||||||
| 3090 CENTER GREEN DRIVE | BOULDER | CO | 803012252 | N/A | PC | NATIONAL OCEAN SCIENCES BOWL | $112,184 | ||||
| UNIVERSITY OF PUERTO RICO MAYAGUEZ | |||||||||||
| N/A | GOV | TO SUPPORT STUDENT PARTICIPATION IN RESEARCH CRUISE | $4,536 | 259 BLVD ALFONSO VALDES | MAYAGUEZ | RQ | 00680-6475 | ||||
| NAUTILUSTHINK INC | |||||||||||
| 360 W 36TH STREET | NEW YORK | NY | 10018 | N/A | PC | NAUTILUS OCEANS CHANNEL MAGAZINE 2023 | $50,000 | ||||
| GEOMAR HELMHOLTZ CENTRE FOR OCEAN RESEARCH KIEL | |||||||||||
| N/A | GOV | GEOMAR OCEAN VOLCANISM WORKSHOP 2023 | $2,000 | WISCHHOFSTRABE 1-3 | GM | D-24148 | |||||
| DRI RESEARCH FOUNDATION | |||||||||||
| 2215 RAGGIO PARKWAY | RENO | NV | 89512 | N/A | PC | NETWORK FOR OCEAN WORLDS RETREAT | $2,000 | ||||
| WORLD OCEAN OBSERVATORY | |||||||||||
| PO BOX 1 | SEDGWICK | ME | 04676 | N/A | PC | WORLD OCEAN EXPLORER EXHIBITS | $15,000 | ||||
| UNIVERSITY OF RHODE ISLAND | |||||||||||
| 75 LOWER COLLEGE ROAD | KINGSTON | RI | 028811967 | N/A | PC | URI NOVEL APPROACHES TO ANALYZING GENETIC VARIATIONS AMONG SAMPLES | $58,650 | ||||
| LEHIGH UNIVERSITY | |||||||||||
| 27 MEMORIAL DRIVE W | BETHLEHEM | PA | 18015 | N/A | PC | LEHIGH NOVEL APPROACHES TO ANALYZING GENETIC VARIATIONS AMONG SAMPLES | $40,689 | ||||
| UNIVERSITY OF SOUTH FLORIDA FOUNDATION INC | |||||||||||
| 4202 E FOWLER AVE ALC100 | TAMPA | FL | 33620 | N/A | PC | FLORIDA INSTITUTE OF OCEANOGRAPHY PEERSIDE PROGRAM | $100,000 | ||||
| FRIENDS OF THE CHARLES DARWIN FOUNDATION FOR THE GALAPAGOS ISLANDS | |||||||||||
| 420 COLUMBUS AVENUE SUITE 304 | VALHALLA | NY | 10595 | N/A | PC | CONNECTING THE GALAPAGOS COMMUNITY TO OUR OCEANS | $5,000 | ||||
| MAP THE GAPS | |||||||||||
| 6523 CALIFORNIA AVE SW | SEATTLE | WA | 98136 | N/A | PC | MAP THE GAPS SYMPOSIUM 2023 | $5,000 | ||||
| SUSTAINABLE MARKETS FOUNDATION | |||||||||||
| 45 WEST 36TH STREET 6TH FLOOR | NEW YORK | NY | 100187635 | N/A | PC | INTERACTIVE DISPLAY TECHNOLOGY FOR COSTA RICA SCHOOL EXHIBIT | $5,000 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $456,059 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMITHSONIAN INSTITUTION | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 JEFFERSON DRIVE SW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 205600016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SUMMIT ON OCEAN BIODIVERSITY RECEPTION | GrantOrContributionPurposeTxt |
| Amt | $5,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $5,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,840 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $701,654 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,604,928 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FOREIGN CURRENCY LOSSES | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | -$740 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,308,682 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,308,682 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHWAB CHARITABLE FUND | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 MAIN STREET | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $75,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ACCOUNTING FEES | $530,457 | $0 | $0 | $241,344 |
| AUDIT FEES | $18,359 | $0 | $0 | $3,730 |
| TAX PREPARATION FEES | $4,253 | $0 | $0 | $864 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | DEPRECIATION | PropertyDesc |
| Cost Or Other Basis | $7,867,300 | CostOrOtherBasisAmt |
| Computation Method | NC | ComputationMethodTxt |
| Life | 1.000000000000 | LifeRt |
| Current Year Expense | $0 | CurrentYearExpenseAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AIR CENTRE | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TERINOV- PARQUE DE CIENCIA E | AddressLine1Txt |
| Address Line2 | TECNOLOGIA TERRA CHA ILHA TERCEIRA | AddressLine2Txt |
| City | AZORES | CityNm |
| Country | PO | CountryCd |
| Foreign Postal | 9700-702 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2022-05-03 | GrantDt |
| Grant | $20,000 | GrantAmt |
| Purpose Of Grant | AD AIR CENTRE_2022 SYMPOSIUM ON ADVANCES IN OCEAN OBSERVATION | PurposeOfGrantTxt |
| Expended By Grantee | $20,000 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Verification | 2023-01-26 | VerificationDt |
| Results Of Verification | THE INSTITUTE HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE, THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. | ResultsOfVerificationTxt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990-PF, PART XIV, LINE 1A | FormAndLineReferenceDesc |
| Medium Explanation | ERIC AND WENDY SCHMIDT, FOUNDATION MANAGERS, RECOMMENDED GIFTS TO THE FOUNDATION FROM INCEPTION. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALPHABET INC CAP STK CL A | $17,112,025 | $17,112,025 |
| ALPHABET INC CAP STK CL C | $17,263,925 | $17,263,925 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| COMPUTER | $188,958 | $188,958 | $0 | |
| EQUIPMENT | $4,982,954 | $4,415,652 | $567,302 | $567,302 |
| FURNITURE & FIXTURES | $7,788 | $7,788 | $0 | |
| LEASEHOLD IMPROVEMENTS | $6,366 | $6,366 | $0 | |
| OCEAN DEPLOYED EQUIPMENT | $5,380,998 | $3,855,515 | $1,525,483 | $1,525,483 |
| ASSET CONSTRUCTION IN PROGRESS | $612,806 | $0 | $612,806 | $612,806 |
| R/V FALKOR (TOO) | $76,529,206 | $7,015,177 | $69,514,029 | $69,514,029 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $34,315 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $17,009 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DEPOSITS | $7,781 | $10,000 | $10,000 |
| OPERATING LEASE RIGHT-OF-USE ASSETS | $0 | $396,263 | $396,263 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| EQUIPMENT & SUPPLIES | $1,595,610 | $0 | $0 | $1,653,360 |
| INSURANCE | $516,169 | $0 | $0 | $561,510 |
| TRAINING | $74,010 | $0 | $0 | $77,833 |
| REPAIRS & MAINTENANCE | $1,648,005 | $0 | $0 | $14,365,810 |
| MARINE OPERATIONS EXPENSE | $5,629,251 | $0 | $0 | $6,153,272 |
| PLACEMENT FEES | $48,944 | $0 | $0 | $48,944 |
| BANK FEES | $5,489 | $5,489 | $0 | $0 |
| PAYROLL PROCESSING FEES | $43,384 | $0 | $0 | $45,566 |
| OUTREACH | $384,324 | $0 | $0 | $417,125 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FOREIGN CURRENCY LOSSES | Desc |
| Revenue And Expenses Per Books | -$740 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | -$740 | NetInvestmentIncomeAmt |
| Adjusted Net Income | -$740 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAINS ON INVESTMENTS | $4,320,954 |
| UNREALIZED GAINS ON FOREIGN CURRENCY TRANSACTIONS | $9,507 |
| RETURNED/CANCELLED GRANTS | $2,394 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITIES | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $399,123 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (8 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| SCIENCE & ENGINEERING | $241,479 | $0 | $0 | $371,101 |
| IT CONSULTING & SUPPORT | $22,699 | $0 | $0 | $16,981 |
| HUMAN RESOURCES | $13,944 | $0 | $0 | $2,833 |
| TREASURY SERVICES | $4,845 | $4,845 | $0 | $0 |
| ADVISORY | $21,158 | $0 | $0 | $4,299 |
| GRANTS ADVISORY SERVICES | $3,553 | $0 | $0 | $722 |
| INSURANCE | $431 | $0 | $0 | $88 |
| OTHER | $130,873 | $0 | $0 | $132,144 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAXES | CategoryTxt |
| Amt | $107,615 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $4,225 | DisbursementsCharitablePrpsAmt |
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