Ocean Exploration Trust Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,650,102 | 9,840,343 | −190,241 | 11.8 | 25% |
| 2021 | 11,787,296 | 12,985,546 | −1,198,250 | 7.8 | 20% |
| 2022 | 13,454,946 | 14,376,842 | −921,896 | 6.3 | 18% |
| 2023 | 14,982,503 | 15,503,963 | −521,460 | 5.4 | 20% |
In its most recent public year (2023), this organization spent $521,460 more than it brought in. Its reserves stood at about 5.4 months of spending, down from 11.8 in 2020. Staff pay was 20% of spending. $58,920 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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