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EIN 26-4562328

Schmidt Ocean Institute

IRS 501(c) type
501(c)(3)
Num. employees
58
City
Palo Alto
State
California
Year formed
2009
Most recent tax filings
2022-12-01
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
$46,947,890
2022
Total expenses
$21,827,780
2022
Total assets
$99,929,562
2022
Num. employees
58
2022

Program areas at Schmidt Ocean Institute

Marine research vessel platform development, development and operation of 4500m remote underwater vehicle, supporting equipment.
Research vessel operations: falkor operations, march 2022 donation. Falkor(too): refit and sea trial.
Scientific programs research and development

Grants made by Schmidt Ocean Institute

GranteeGrant descriptionAmount
Consortium for Ocean LeadershipOcean Stem Building Diverse Leadership$212,503
Regents of the University of California at BerkeleySeawater Measurements To Track Ocean Acidification$90,000
University of South Florida FoundationOcean Stem Building Diverse Leadership$82,225
...and 11 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
Allan WattChief Engineer$191,158
Jyotika VirmaniExecutive Director$460,402
Andrew BoyerDirector of Engineer / Engineering Service Manager / Engineering Services Manager$237,324
Carlie WienerDirector of Comms / Director of Communications and Engagement Strategy / Communications Manager$267,024
...and 3 more key personnel

Financials for Schmidt Ocean Institute

RevenuesFYE 12/2022
Total grants, contributions, etc.$47,000,000
Investment income and dividends$51,809
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$-103,919
Total revenues$46,947,890

Form 990s for Schmidt Ocean Institute

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990PFView PDF
2021-122022-11-14990PFView PDF
2020-122021-11-12990PFView PDF
2019-122021-06-14990PFView PDF
2018-122020-01-15990PFView PDF
...and 7 more Form 990s

Organizations like Schmidt Ocean Institute

OrganizationLocationRevenue
Queen Liliuokalani TrustHonolulu, HI$41,966,244
Grace Farms FoundationNew Canaan, CT$13,911,879
Liberty Fund IncorporatedCarmel, IN$22,422,647
Gradian Health SystemsNew York, NY$17,213,211
The Myron Stratton HomeColorado Springs, CO$26,982,482
Taylor CommunityLaconia, NH$22,968,987
Calder FoundationNew York, NY$23,825,946
Cascade Hemophilia ConsortiumAnn Arbor, MI$25,518,450
The 1440 FoundationSaratoga, CA$24,001,341
Tikvah FundNew York, NY$19,881,947
Data update history
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
June 2, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsPrivate 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 - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0168667
FTB Entity ID
3251472
AB 488 data last updated ("as-of") date
2024-11-06
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