Ocean Research And Education Ltd
EIN: 50492187 · North Anson, ME · NTEE: T30
| Metric | Value |
|---|---|
| Total Expenses | $21K |
| Net Assets | $21K |
Is Ocean Research And Education Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ocean Research And Education Ltd
Ocean Research And Education Ltd (EIN: 50492187) is a nonprofit organization based in North Anson, ME, classified under NTEE code T30. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Research And Education Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Research And Education Ltd is a micro nonprofit that has been operating for 29 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $21K |
| Surplus / Deficit | $-15,494 |
| Total Assets | $21K |
| Net Assets | $21K |
| Operating Margin | -289.9% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2015, Ocean Research And Education Ltd reported a deficit of $15K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2015), Ocean Research And Education Ltd's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -70.7% | +847.7% | -42.5% |
| 2014 | +836.1% | -5.4% | +77.9% |
| 2013 | -38.4% | -31.6% | -1.8% |
| 2012 | -36.8% | +29.2% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ocean Research And Education Ltd has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ocean Research And Education Ltd with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
Frequently Asked Questions about Ocean Research And Education Ltd
Is Ocean Research And Education Ltd a legitimate charity?
Ocean Research And Education Ltd (EIN: 50492187) is a registered tax-exempt nonprofit based in Maine. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Ocean Research And Education Ltd spend its money?
Ocean Research And Education Ltd reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ocean Research And Education Ltd tax-deductible?
Ocean Research And Education Ltd is registered as a tax-exempt nonprofit (EIN: 50492187). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ocean Research And Education Ltd located?
Ocean Research And Education Ltd is headquartered in North Anson, Maine and files with the IRS under EIN 50492187. It is classified under NTEE code T30.
How many years of IRS 990 filings does Ocean Research And Education Ltd have?
Ocean Research And Education Ltd has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Ocean Research And Education Ltd showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Ocean Research And Education Ltd's revenue has grown by 6.7%, moving from $5K to $5K. Total assets decreased by 0.6% over the same period, from $21K to $21K. Total functional expenses rose by 692.4%, from $3K to $21K. In its most recent filing year (2015), Ocean Research And Education Ltd reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $5K | $21K | $21K | $0 | — | View 990 |
| 2014 | $18K | $2K | $37K | $0 | — | View 990 |
| 2013 | $2K | $2K | $21K | $0 | — | View 990 |
| 2012 | $3K | $3K | $21K | $0 | — | View 990 |
| 2011 | $5K | $3K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $5K, expenses of $21K, and assets of $21K (revenue -70.7% year-over-year).
- 2014: Revenue of $18K, expenses of $2K, and assets of $37K (revenue +836.1% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $21K (revenue -38.4% year-over-year).
- 2012: Revenue of $3K, expenses of $3K, and assets of $21K (revenue -36.8% year-over-year).
- 2011: Revenue of $5K, expenses of $3K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Research And Education Ltd:
Data Sources and Methodology
This transparency report for Ocean Research And Education Ltd is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.