Ocean Genome Legacy Inc
Nonprofit profile at a glance
- EIN
- 263026038
- IRS 990-EZ coverage
- 2015–2023
- Forms available
- Form 990 2014, Form 990-EZ 2023, Form 990-N 2008
- Location
- Ipswich, MA, USA
- Phone
- 9783807485
- Rating confidence
- Limited
- Sector
- Marine Science and Oceanography
Reported finances
- Expenses
- $6,707
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- RICHARD ROBERTS (PRESIDENT)
People named in this filing
- BRIAN TINGER (ASSISTANT TR)
- DR JOHN H BENZIE (DIRECTOR)
- DOUGLAS I FOY (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ocean genome legacy, inc. Is a non-profit marine research foundation and biological specimen repository dedicated to exploring and preserving information contained in the genes of endangered marine organisms.
What it reported doing in 2023
Ocean genome legacy, inc.'s goal is to acquire, authenticate, study, preserve, develop and distribute genetic materials, biological specimens, information, technology, and standards needed to advance basic and applied non-commercial research.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: NotEnoughData
- Sustainability: 10
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 74.5%; rating input score 75
Transparency & Controls
- Consistency checks: Limited
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: -50.6% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: -33.1% per year; rating input score 0; 27th percentile among comparable filings
- Asset growth: -35.2% per year; rating input score 0; 20th percentile among comparable filings
Details
- Where the money goes: 74.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 3 of 3 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.