1. Directory
  2. California
  3. Palo Alto
  4. Schmidt Ocean Institute
EIN 26-4562328

Schmidt Ocean Institute

IRS 501(c) type
501(c)(3)
Num. employees
72
City
Palo Alto
State
California
Year formed
2009
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
Schmidt Ocean Institute is a 501(c)(3) private non-profit operating foundation established to advance oceanographic research, discovery, and knowledge, and catalyze sharing of information about the oceans.
Total revenues
$78,308,682
2023
Total expenses
$33,544,543
2023
Total assets
$137,324,185
2023
Num. employees
72
2023

Program areas at Schmidt Ocean Institute

Marine research vessel platform development, robotics engineering, and supporting equipment.
Research vessel operations - mapping and rov operations
Scientific programs research and development

Grants made by Schmidt Ocean Institute

GranteeGrant descriptionAmount
University Corporation for Atmospheric ResearchNational Ocean Sciences Bowl$112,184
University of South Florida FoundationFlorida Institute of Oceanography Peerside Program$100,000
NAUTILUSTHINK INC NautilusNautilus Oceans Channel Magazine 2023$50,000
...and 7 more grants made

Who funds Schmidt Ocean Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Schwab Charitable FundPublic, Societal Benefit$98,000,000

Personnel at Schmidt Ocean Institute

NameTitleCompensation
John KellyChief Financial Officer$172,744
Dr. Jyotika VirmaniExecutive Director$460,402
Eric KingSenior Director of Operations$378,696
Kristen KusekCommunications Director
Corinne BassinHead of Data Solutions
...and 14 more key personnel

Financials for Schmidt Ocean Institute

RevenuesFYE 12/2023
Total grants, contributions, etc.$75,000,000
Investment income and dividends$704,494
Net rental income$0
Net gain from sale of non-inventory assets$2,604,928
Gross sales of inventory$0
Miscellaneous revenues$4,656
Total revenues$78,308,682

Form 990s for Schmidt Ocean Institute

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990PFView PDF
2022-122023-11-14990PFView PDF
2021-122022-11-14990PFView PDF
2020-122021-11-12990PFView PDF
2019-122021-06-14990PFView PDF
...and 8 more Form 990s

Organizations like Schmidt Ocean Institute

OrganizationLocationRevenue
Calder FoundationNew York, NY$23,825,946
Freedom ForumWashington, DC$46,038,530
Humanity UnitedSan Francisco, CA$47,686,091
The 1440 FoundationSaratoga, CA$24,001,341
J Paul Getty TrustLos Angeles, CA$370,248,983
Glenstone FoundationPotomac, MD$266,804,717
Monterey Bay Aquarium Research Institute (MBARI)Moss Landing, CA$84,478,775
H. E. Butt Family FoundationKerrville, TX$298,173,554
Cummings FoundationWoburn, MA$310,806,993
Robert Rauschenberg Foundation (RRF)New York, NY$36,534,009
Data update history
October 21, 2024
Updated personnel
Identified 8 new personnel
January 4, 2024
Posted financials
Added Form 990PF for fiscal year 2022
December 25, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 14, 2023
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donationsAccepts online donations
General information
Address
555 Bryant St 374
Palo Alto, CA 94301
Metro area
San Jose-Sunnyvale-Santa Clara, CA
County
Santa Clara County, CA
Website URL
schmidtocean.org/ 
Phone
(650) 376-7129
Facebook page
SchmidtOcean 
Twitter profile
@schmidtocean 
IRS details
EIN
26-4562328
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0168667
FTB Entity ID
3251472
AB 488 data last updated ("as-of") date
2025-01-15
Free account sign-up

Want updates when Schmidt Ocean Institute has new information, or want to find more organizations like Schmidt Ocean Institute?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2025 Nonprofit Metrics LLC
Terms of Service and Privacy Policy