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The Global Foundation For Ocean Exploration Inc

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

EIN: 460814861 ✦ Mystic, CT ✦ Designated as a 501(c)(3)

Overview

What is The Global Foundation For Ocean Exploration Inc?

The Global Foundation for Ocean Exploration Inc, based in Mystic, Connecticut, is a nonprofit organization dedicated to advancing deep-sea exploration. They specialize in the design, engineering, and development of submersible vehicles, equipment, and telepresence systems, as well as sampling capabilities for government-owned underwater robots. After resuming operations post-COVID-19, they conducted seven expeditions in the Atlantic Ocean off the U.S. East Coast. Their mission is to equip the global underwater science community with the necessary tools and expertise to delve into the deepest corners of the Earth's oceans, uncovering awe-inspiring discoveries for a worldwide audience. With a team of three dedicated individuals, they contribute to the advancement of marine research and exploration.


Official website here: www.engineeringfordiscovery.org

Is The Global Foundation For Ocean Exploration Inc legitimate?

The Global Foundation For Ocean Exploration Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Global Foundation For Ocean Exploration Inc 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: $476,262
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,999

For more financial information, click here


Official website here: www.engineeringfordiscovery.org

What is the mission statement of The Global Foundation For Ocean Exploration Inc?

The Global Foundation for Ocean Exploration Inc's mission is to empower the global underwater science community by providing them with the necessary tools and expertise. This enables researchers to explore the deepest parts of the planet's largest and deepest bodies of water, with the aim of making groundbreaking discoveries that captivate and inspire a global audience. Their activities include the advancement of deep-submergence vehicles, equipment, and telepresence systems, as well as the design, engineering, and development of sampling capabilities for government-owned underwater robots. They conduct major ocean exploration expeditions and train filmmakers and engineers. Following the lifting of COVID-19 restrictions in April 2021, the foundation resumed its at-sea and shoreside operations, conducting seven expeditions in the Atlantic Ocean off the U.S. East Coast.


Official website here: www.engineeringfordiscovery.org

Who is the CEO of The Global Foundation For Ocean Exploration Inc?

David Lovalvo is the President of The Global Foundation For Ocean Exploration Inc.


Official website here: www.engineeringfordiscovery.org

What is the revenue of The Global Foundation For Ocean Exploration Inc?

The Global Foundation For Ocean Exploration Inc's revenue in 2022 was $5,107,205.


Official website here: www.engineeringfordiscovery.org

Who are the executives of The Global Foundation For Ocean Exploration Inc and what are their salaries?

The average compensation at The Global Foundation For Ocean Exploration Inc during 2022 was $196,754. There are 3 employees and 2 volunteers at The Global Foundation For Ocean Exploration Inc.

Here are 4 key members and their salaries:

    David Lovalvo (President) [Trustee/Director]
  • Compensation: $298,342
  • Related: $0
  • Other: $0

    • Melissa Ryan (Vice President)
  • Compensation: $177,920
  • Related: $0
  • Other: $0

    • Cynthia Shereda (Sec/Treas) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harlan Kredit (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.engineeringfordiscovery.org

    Where can I find the form 990 for The Global Foundation For Ocean Exploration Inc?

    The The Global Foundation For Ocean Exploration Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.engineeringfordiscovery.org

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

    Mission Statement of The Global Foundation For Ocean Exploration Inc

    The Global Foundation for Ocean Exploration, Inc., is committed to empowering the global underwater science community. Their mission is to equip this community with the necessary tools and expertise required to delve into the deepest depths of the planet's largest and deepest bodies of water. By doing so, they aim to uncover astonishing discoveries that can captivate and inspire a global audience. This organization's primary objective is to advance deep-submergence vehicles, equipment, and telepresence systems, including the design, engineering, and development of sampling capabilities for government-owned underwater robots. In addition, they conduct major ocean exploration expeditions, train filmmakers and engineers to document and share these discoveries with the world. Post-COVID-19 restrictions, the foundation resumed its operations, conducting seven at-sea expeditions in the Atlantic Ocean off the U.S. East Coast. During the winter, they also performed maintenance and preparation on their remotely operated vehicles and other equipment, anticipating their 2022 operations.

    Impact

    This information is meant to be a general summary of The Global Foundation For Ocean Exploration Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Global Foundation For Ocean Exploration Inc, through its activities, empowers the global underwater science community by advancing deep submergence vehicles, equipment, and telepresence systems. They conduct major ocean exploration expeditions, train filmmakers and engineers, and provide sampling capabilities for government-owned underwater robots. Their impact is reflected in the discoveries made during their expeditions that both amaze and inspire a global audience. In 2021, after COVID restrictions were lifted, they resumed their operations and conducted seven at-sea expeditions in the Atlantic Ocean off the U.S. East Coast. This organization is dedicated to pushing the boundaries of underwater exploration and scientific research.





    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: $58
  • Program Service Revenue: $0
  • Gross Receipts: $5,107,205

    • Assets and Liabilities:
  • Total Assets: $2,377,435
  • Total Liabilities: $306,512
  • Net Assets: $2,070,923
  • Organization Details

    Founding Year

    2012

    Principal Officer

    David Lovalvo

    Main Address

    PO BOX 417, MYSTIC, CT, 06355

    NTEE Category

    Code: U21 - Science research

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