SCHMIDT OCEAN INSTITUTE: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- SCHMIDT OCEAN INSTITUTE (EIN 26-4562328)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-12
- IRS object ID
- 202103169349103845
- Schema version
- 2020v4.1
- 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
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-12T14:58:59-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | 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 | 275 BATTERY STREET STE 900 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | 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 NO 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 | 2021-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | KELLY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MAGA E KISRIEV | PreparerPersonNm |
| PTIN | P01008919 | PTIN |
| Phone | 4157810793 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $69,289,002 | 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 | $65,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,726 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,726 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $1,726 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $12,534 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $12,534 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $12,534 | DividendsAdjNetIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | -$24,478 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$24,478 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | -$24,478 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $64,989,782 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | -$10,218 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | -$10,218 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $479,020 | 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 | $479,020 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $8,092,105 | 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 | $6,720,909 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,527,323 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,546,639 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $48,502 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $36,008 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $543,706 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $699,042 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $880,169 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,453,329 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $280 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $284 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $7,302,337 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $138,779 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $147,586 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $723,306 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $606,768 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $6,005,547 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $6,422,866 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $25,741,074 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $18,112,451 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,041,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $381,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $26,782,074 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $18,493,451 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $38,207,708 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $491,200 | CashBOYAmt |
| Cash EOY | $887,693 | CashEOYAmt |
| Cash EOYFMV | $887,693 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $7,367,025 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $53,479,817 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $53,479,817 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $1,994,854 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $2,418,527 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $2,418,527 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $73,811,452 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $61,316,374 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $19,567,990 | LandBOYAmt |
| Land EOY | $12,495,078 | LandEOYAmt |
| Land EOYFMV | $12,495,078 | LandEOYFMVAmt |
| Other Assets BOY | $7,781 | OtherAssetsBOYAmt |
| Other Assets EOY | $7,887 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $7,887 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $29,428,850 | TotalAssetsBOYAmt |
| Total Assets EOY | $69,289,002 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $69,289,002 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $2,683,124 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $3,654,824 | AccountsPayableEOYAmt |
| Grants Payable EOY | $660,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $2,683,124 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,314,824 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $26,745,726 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $64,974,178 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $26,745,726 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $64,974,178 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $29,428,850 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $69,289,002 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $26,745,726 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $38,207,708 | ExcessRevenueOverExpensesAmt |
| Other Increases | $20,744 | OtherIncreasesAmt |
| Subtotal | $64,974,178 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $64,974,178 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,180 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $5,180 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $5,180 | OverpaymentAmt |
| Applied To ES Tax | $5,180 | 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 | Yes (1) | 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 | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| 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 (6 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 |
|---|---|---|---|---|---|---|---|---|
| ERIC SCHMIDT | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | DIRECTOR/PRESIDENT | 2.00 | $0 | $0 | $0 |
| WENDY SCHMIDT | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | DIRECTOR/VICE PRESIDENT | 5.00 | $0 | $0 | $0 |
| JOHN KELLY | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | TREASURER/CHIEF FINANCIAL OFFICER | 30.00 | $200,652 | $0 | $0 |
| STUART FELDMAN | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | VP, RESEARCH (THRU 12/30/2020) | 0.50 | $0 | $0 | $0 |
| JYOTIKA VIRMANI | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | EXECUTIVE DIRECTOR | 40.00 | $278,368 | $36,054 | $0 |
| FRANCES BABB | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | SECRETARY | 0.50 | $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 | DIRECTOR OF MARINE O | 40.00 | $336,732 | $38,345 | $0 |
| NICOLAS DECOURCY BINGHAM | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | LEAD ELECTRICAL ENGI | 40.00 | $249,494 | $28,062 | $0 |
| ANDREW BOYER | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | ENGINEERING SERVICE | 40.00 | $195,837 | $52,407 | $0 |
| JASON WILLIAMS | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | LEAD MECHANICAL ENGI | 40.00 | $219,976 | $17,847 | $0 |
| ERROL CAMPBELL | ||||||||
| 555 BRYANT ST 374 | PALO ALTO | CA | 94301 | ROV MANAGER | 40.00 | $170,545 | $38,878 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 43 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|
| HILLSPIRE LLC | ||||||||||
| 1010 ALMA STREET | MENLO PARK | CA | 94025 | ACCOUNTING/OTHER PROFESSIONAL SERVICES | $994,024 | |||||
| COLUMBIA UNIVERSITY SPONSORED PROJECTS FINANCE | ||||||||||
| PO BOX 29789 | NEW YORK | NY | 100879789 | RESEARCH CONSULTING | $432,771 | |||||
| L3 LATITUDE LLC | ||||||||||
| 744 SOUTH EUCLID AVENUE | TUCSON | AZ | 857196626 | ENGINEERING SERVICE | $392,199 | |||||
| TEAM TRIDENT LLC | ||||||||||
| 16300 KATY FREEWAY SUITE 180 | HOUSTON | TX | 77094 | ROV PILOT AND TECHNICIAN | $238,750 | |||||
| ADOCEAN SL | ||||||||||
| IT SERVICES | $187,921 | RAMBLA VOLART 11 | BARCELONA | CATALUNYA | SP | 08041 | ||||
| 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: DEVELOPMENT AND OPERATION OF 4,500M REMOTE UNDERWATER ROBOTIC VEHICLE, SUPPORTING EQUIPMENT. | Description1Txt |
| Expenses1 | $645,038 | Expenses1Amt |
| Description2 | RESEARCH VESSEL OPERATIONS AND MAINTENANCE - MAPPING AND ROV OPERATIONS - SOUTH PACIFIC, INDIAN OCEAN: 244 SEA DAYS. | Description2Txt |
| Expenses2 | $15,202,711 | Expenses2Amt |
| Description3 | SCIENTIFIC PROGRAMS RESEARCH AND DEVELOPMENT | Description3Txt |
| Expenses3 | $1,714,099 | Expenses3Amt |
| Description4 | SCIENCE OUTREACH AND COMMUNICATION | Description4Txt |
| Expenses4 | $634,158 | 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 | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,971,077 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,515,720 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,486,797 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $10,486,797 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $157,302 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,329,495 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $516,475 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $18,493,451 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $83,555 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $18,577,006 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $18,577,006 | AdjustedQualifyingDistriAmt |
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 | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $18,577,006 | CurrentYearAmt |
| Year1 | $20,265,033 | Year1Amt |
| Year2 | $18,293,309 | Year2Amt |
| Year3 | $23,551,562 | Year3Amt |
| Total | $80,686,910 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $381,000 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $59,000 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $440,000 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $18,196,006 | CurrentYearAmt |
| Year1 | $20,265,033 | Year1Amt |
| Year2 | $18,234,309 | Year2Amt |
| Year3 | $23,551,562 | Year3Amt |
| Total | $80,246,910 | 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 | $344,317 | CurrentYearAmt |
| Year1 | $250,928 | Year1Amt |
| Year2 | $349,479 | Year2Amt |
| Year3 | $457,452 | Year3Amt |
| Total | $1,402,176 | 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) |
|---|---|---|
| Contributing Manager | ERIC SCHMIDT | ContributingManagerNm |
| Contributing Manager | WENDY SCHMIDT | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| UNIVERSITY OF HAWAII FOUNDATION | |||||||
| PO BOX 11270 | HONOLULU | HI | 96828 | N/A | PC | SCHOLARSHIP PROGRAM, SUMMER PROGRAM | $85,000 |
| THE REGENTS OF THE UNIVERSITY OF CALIFORNIA | |||||||
| 9500 GILMAN DRIVE | LA JOLLA | CA | 920930210 | N/A | PC | SEAWATER MEASUREMENTS TO TRACK OCEAN ACIDIFICATION | $90,000 |
| MARINE TECHNOLOGY SOCIETY | |||||||
| 1100 H STREET NW | WASHINGTON | DC | 20005 | N/A | PC | OCEANS (GLOBAL) 2020 STUDENT POSTER COMPETITION | $6,000 |
| CONSORTIUM FOR OCEAN LEADERSHIP | |||||||
| 1201 NEW YORK AVE NW 4TH FLOOR | WASHINGTON | DC | 20005 | N/A | PC | SEAWATER MEASUREMENTS TO TRACK OCEAN ACIDIFICATION | $150,000 |
| NAUTILUSTHINK INC | |||||||
| 360 W 36TH STREET 7S | NEW YORK | NY | 10018 | N/A | PC | SUPPORT FOR PRODUCING ORIGINAL CONTENT FOR THE NAUTILUS OCEANS CHANNEL | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $381,000 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| THE REGENTS OF THE UNIVERSITY OF CALIFORNIA | |||||||
| 9500 GILMAN DRIVE | LA JOLLA | CA | 920930210 | N/A | PC | SEAWATER MEASUREMENTS TO TRACK OCEAN ACIDIFICATION | $360,000 |
| CONSORTIUM FOR OCEAN LEADERSHIP | |||||||
| 1201 NEW YORK AVE NW 4TH FLOOR | WASHINGTON | DC | 20005 | N/A | PC | SEAWATER MEASUREMENTS TO TRACK OCEAN ACIDIFICATION | $300,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $660,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,726 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,534 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FOREIGN CURRENCY LOSSES | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | -$24,478 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$10,218 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$10,218 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| SCHWAB CHARITABLE FUND | ||||||
| 1 | 211 MAIN STREET | SAN FRANCISCO | CA | 94105 | $15,000,000 | Yes (X) |
| THE SCHMIDT FAMILY LIVING TRUST | ||||||
| 2 | 555 BRYANT STREET 347 | PALO ALTO | CA | 94301 | $50,000,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ACCOUNTING FEES | $511,027 | $0 | $0 | $668,915 |
| AUDIT FEES | $24,750 | $0 | $0 | $22,237 |
| TAX PREPARATION FEES | $7,929 | $0 | $0 | $7,890 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| COMPUTER | $440,559 | $419,331 | $21,228 | $21,228 |
| EQUIPMENT | $5,989,521 | $4,696,622 | $1,292,899 | $1,292,899 |
| R/V FALKOR | $61,618,178 | $53,915,905 | $7,702,273 | $7,702,273 |
| FURNITURE & FIXTURES | $33,517 | $23,217 | $10,300 | $10,300 |
| LEASEHOLD IMPROVEMENTS | $21,973 | $21,003 | $970 | $970 |
| OCEAN DEPLOYED EQUIPMENT | $5,380,998 | $2,240,296 | $3,140,702 | $3,140,702 |
| ASSET CONSTRUCTION IN PROGRESS | $326,706 | $0 | $326,706 | $326,706 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $48,502 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $36,008 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSITS | Desc |
| BOY Book Value | $7,781 | BOYBookValueAmt |
| EOY Book Value | $7,887 | EOYBookValueAmt |
| EOYFMV | $7,887 | EOYFMVAmt |
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 | $826,455 | $0 | $0 | $1,073,744 |
| INSURANCE | $510,933 | $0 | $0 | $541,672 |
| OUTREACH | $428,688 | $0 | $0 | $442,519 |
| TRAINING | $18,819 | $0 | $0 | $20,418 |
| REPAIRS & MAINTENANCE | $1,027,180 | $0 | $0 | $1,142,336 |
| MARINE OPERATIONS EXPENSE | $3,140,340 | $0 | $0 | $3,153,258 |
| PLACEMENT FEES | $17,920 | $0 | $0 | $17,920 |
| BANK FEES | $11,984 | $0 | $0 | $9,336 |
| PAYROLL PROCESSING FEES | $23,228 | $0 | $0 | $21,663 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FOREIGN CURRENCY LOSSES | Desc |
| Revenue And Expenses Per Books | -$24,478 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | -$24,478 | NetInvestmentIncomeAmt |
| Adjusted Net Income | -$24,478 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAINS ON FOREIGN CURRENCY TRANSACTIONS | $12,954 |
| DEFERRED TAX ADJUSTMENTS | $7,790 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| SCIENCE & ENGINEERING | $510,019 | $0 | $0 | $1,017,553 |
| IT CONSULTING & SUPPORT | $56,868 | $0 | $0 | $54,707 |
| HUMAN RESOURCES | $23,531 | $0 | $0 | $23,324 |
| TREASURY SERVICES | $9,350 | $0 | $0 | $8,138 |
| ADVISORY | $25,914 | $0 | $0 | $27,563 |
| OTHER PROFESSIONAL FEES | $254,487 | $0 | $0 | $322,044 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THE SCHMIDT FAMILY LIVING TRUST | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 BRYANT STREET SUITE 374 | AddressLine1Txt |
| City | PALO ALTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94301 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAXES | CategoryTxt |
| Amt | $280 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $284 | DisbursementsCharitablePrpsAmt |
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