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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Environmental Quality, Protection & Beautification Ocean Exploration Trust Inc.

Ocean Exploration Trust Inc.

Fiscal year ending 2017. Filed on May 15, 2018.

613 Williams St
New London, Connecticut 06320

Ocean Exploration Trust Inc. (EIN: 83-0488383) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2017 IRS Form 990 filing, Ocean Exploration Trust Inc., a 501(c)(3) charitable organization, reported compensation for 7 out of 28 total employees. Among the employees shown here, the average compensation is $206,250. The highest compensated employee at Ocean Exploration Trust Inc. is Dr Robert Ballard with fiscal year 2017 compensation of $522,405.

Revenue, expenses, and employee compensation

Revenue

$10,552,345

Expenses

$9,148,009

Employee compensation

$2,454,277
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dr Robert Ballard
President
$522,405
$518,500 No related comp$3,905
Kay McConagha
Chief Financial Officer and Treasurer
$197,911
$195,056 No related comp$2,855
Allison Fundis
Vice President EDUC and O
$146,192
$141,217 No related comp$4,975
Nicole Renault
Vice President EXPL and R
$138,818
$134,068 No related comp$4,750
Stephanie Bewley
Controller
$117,765
$116,415 No related comp$1,350
Ethan Gold
Director Softwar
$114,409
$109,802 No related comp$4,607
Denise Armstrong
Cfo/Officer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Admiral Paul Gaffney
Director
Art House
Director
Jacquie Hollister
Director
Larry Mayer
Vice Chair
Peter Girguis, Ph.D.
Director
Robert Patricelli
Chair

Contractors

BERG Maritime Management
Vessel Management
$1,365,657
Glander International Bunkering Inc.
Lube Oil Fuel
$460,024
Mci International Inc.
Satellite
$319,879
Ocean Dynamics Inc.
Rov Consult
$309,078
University of Rhode Island
Contractual
$209,819

Mission Statement

ADVANCE THE EMERGING FIELDS OF OCEAN EXPLORATION AND ARCHAELOGICAL OCEANOGRAPHY THROUGH CO-SPONSORING AND SUPPORTING DEEP SEA EXPEDITIONS AND SUPPORTING THE DEVELOPMENT OF ADVANCED TECHNOLOGY REQUIRED BY DEEP SEA EXPEDITIONS. FURTHERING PUBLIC INTEREST AND SCIENTIFIC RESEARCH IN THE FIELDS OF OCEAN EXPLORATION AND ARCHAELOGICAL OCEANOGRAPHY THROUGH THE SUPPORT OF REAL-TIME EDUCATIONAL PROGRAMMING AND DISSEMINATION OF DEEP SEA EXPEDITION RESEARCH THROUGH A VARIETY OF EDUCATIONAL OUTREACH EFFORTS.

Revisions to this organization profile

November 14, 2025:
2024 Ocean Exploration Trust Inc. 990 filed
November 14, 2024:
2023 Ocean Exploration Trust Inc. 990 filed
November 7, 2023:
2022 Ocean Exploration Trust Inc. 990 filed

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