nonprofit logo

Pacific Ocean Energy Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264646584 ✦ Beaverton, OR ✦ Designated as a 501(c)(3)

Overview

What is Pacific Ocean Energy Trust?

Pacific Ocean Energy Trust is a nonprofit organization based in Beaverton, Oregon, dedicated to fostering responsible development of marine renewable energy in the Pacific region. With a rich history spanning fifteen years, the organization has built a strong foundation in issues surrounding marine renewable energy development, focusing particularly on policy, regulatory matters, and environmental impact assessments. The organization also engages with key stakeholders and supports the development of various marine renewable technologies, including offshore wind, tidal, and wave energy. In line with its mission, Pacific Ocean Energy Trust works tirelessly to promote ocean-based climate solutions and strives to educate, reach out, and conduct research to achieve its goals. The organization's commitment to responsible development and its dedication to a cleaner future makes it an important player in the fight against climate change.


Official website here: www.pacificoceanenergy.org

Is Pacific Ocean Energy Trust legitimate?

Pacific Ocean Energy Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific Ocean Energy Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $282,137

For more financial information, click here


Official website here: www.pacificoceanenergy.org

What is the mission statement of Pacific Ocean Energy Trust?

The Pacific Ocean Energy Trust is dedicated to fostering ocean-based climate solutions. Its primary mission is to promote and support the responsible development of ocean renewable energy in the Pacific region through education, outreach, and research. The organization's activities focus on the responsible development of marine renewable energy, with a particular emphasis on policy and regulatory matters, understanding environmental effects of marine renewables, and stakeholder engagement. The trust supports the development of various marine renewable technologies, including offshore wind, tidal, and wave energy.


Official website here: www.pacificoceanenergy.org

Who is the CEO of Pacific Ocean Energy Trust?

Jason Busch is the President of Pacific Ocean Energy Trust.


Official website here: www.pacificoceanenergy.org

What is the revenue of Pacific Ocean Energy Trust?

Pacific Ocean Energy Trust's revenue in 2022 was $2,873,609.


Official website here: www.pacificoceanenergy.org

Who are the executives of Pacific Ocean Energy Trust and what are their salaries?

The average compensation at Pacific Ocean Energy Trust during 2022 was $76,427. There are 5 employees at Pacific Ocean Energy Trust.

Here are 4 key members and their salaries:

    Jason Busch (Sec/Treas/Exec Director)
  • Compensation: $100,000
  • Related: $0
  • Other: $0

    • Kevin Banister (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Justin Klure (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebecca O'Neil (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.pacificoceanenergy.org

    Where can I find the form 990 for Pacific Ocean Energy Trust?

    The Pacific Ocean Energy Trust’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.pacificoceanenergy.org

    Learn more at the official website: www.pacificoceanenergy.org

    Mission Statement of Pacific Ocean Energy Trust

    The Pacific Ocean Energy Trust, a pioneering organization, is dedicated to championing ocean-based solutions for addressing climate change. Its primary mission is to foster the responsible development of ocean renewable energy in the Pacific region. The Trust achieves this objective through three key avenues: education, outreach, and research.

    With a rich history of fifteen years in the field of marine renewable energy development, the Trust brings significant expertise to the table, particularly in matters of policy, regulation, and environmental impact. The Trust aims to advance all types of marine renewable technologies, including offshore wind, tidal, and wave energy, to contribute to a sustainable energy future.

    In addition to promoting the development of these technologies, the Trust also places a strong emphasis on stakeholder engagement, ensuring diverse voices are heard in the conversation around marine renewables. By doing so, the Trust contributes to a more informed and inclusive decision-making process, ultimately leading to more responsible and effective energy solutions for the Pacific region.

    Impact

    This information is meant to be a general summary of Pacific Ocean Energy Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




    Tuesday, June 18, 2024

    Pacific Ocean Energy Trust's impact is significant in promoting ocean-based climate solutions and supporting the responsible development of marine renewable energy in the Pacific region. With fifteen years of experience in marine renewable energy development, the organization focuses on policy and regulatory matters, understanding environmental effects, and engaging stakeholders. By supporting the development of various marine renewable technologies such as offshore wind, tidal, and wave energy, the trust is actively working towards a sustainable future for the Pacific region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $63,558
  • Gross Receipts: $2,922,064

    • Assets and Liabilities:
  • Total Assets: $453,113
  • Total Liabilities: $346,084
  • Net Assets: $107,029
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MEMBERSHIP DUES

    Revenue

    $43,500

    GOVERNMENT CONTRACTS

    Revenue

    $12,500

    MISCELLANEOUS REVENUE

    Revenue

    $6,058

    PROGRAM SERVICE FEES

    Revenue

    $1,500

    Organization Details

    Founding Year

    2009

    Principal Officer

    Jason Busch

    Main Address

    9450 SW GEMINI DR PMB 50944, BEAVERTON, OR, 97008

    NTEE Category

    Code: C30 - Environment

    If you are a representative of Pacific Ocean Energy Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.