Oceanographic Research & Exploration Foundation

  • Westport, CT
  • Tax exemption issued: May 2019
  • EIN: 83-0757695

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Science and Technology Research Institutes, Services / Marine Science and Oceanography (NTEE)

Donations to this organization are not tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,475,838
Expenses
$44,330,644
Net Income
-$10,854,806
Net Assets
$180,417,556
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,432,225
81.9%
Program Services $4,202,475
12.6%
Investment Income $1,661,406
5.0%
Bond Proceeds $0
Royalties $40,786
0.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $138,946
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $180,479,783
Total Liabilities $62,227
Net Assets $180,417,556
Compensation
Key Employees and Officers Compensation Related Other
Mark Dalio (Director, Secretary & Treasurer) $0 $0 $0
Matthew Dalio (Director) $0 $0 $0
Janine Racanelli (Director Ex Officio, President) $0 $0 $0
Gretchen Wagner (Assistant Secretary) $0 $0 $0
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Document Links

990
Filed on Nov. 17, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,057,090
Expenses
$38,267,548
Net Income
-$7,210,458
Net Assets
$191,272,362
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,086,326
64.7%
Program Services $9,131,388
29.4%
Investment Income $1,453,135
4.7%
Bond Proceeds $0
Royalties $29,264
0.1%
Rental Property Income $310,000
1.0%
Net Fundraising $0
Sales of Assets $46,977
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $191,404,347
Total Liabilities $131,985
Net Assets $191,272,362
Compensation
Key Employees and Officers Compensation Related Other
Mark Dalio (Director, Secretary, Treasurer) $0 $0 $0
Matthew Dalio (Director) $0 $0 $0
Janine Racanelli (Director Ex Officio, President) $0 $0 $0
Gretchen Wagner (Assistant Secretary) $0 $0 $0
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990
Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,428,615
Expenses
$35,625,551
Net Income
-$4,196,936
Net Assets
$198,482,820
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,000,000
31.8%
Program Services $20,334,393
64.7%
Investment Income $598,460
1.9%
Bond Proceeds $0
Royalties $13,403
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $29
0.0%
Net Inventory Sales $0
Other Revenue $482,330
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,700
0.1%
Assets/Debt
Total Assets $198,595,941
Total Liabilities $113,121
Net Assets $198,482,820
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Janine Racanelli (Director Ex Officio, President) $0 $0 $0
Mark Dalio (Director, Secretary, Treasurer) $0 $0 $0
Matthew Dalio (Director) $0 $0 $0
Gretchen Wagner (Assistant Secretary) $0 $0 $0
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990
Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,525,774
Expenses
$30,574,112
Net Income
-$3,048,338
Net Assets
$202,679,756
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,467,247
59.8%
Program Services $10,948,749
39.8%
Investment Income $4,748
0.0%
Bond Proceeds $0
Royalties $85,313
0.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $25
0.0%
Net Inventory Sales $0
Other Revenue $19,692
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $179,597
0.6%
Assets/Debt
Total Assets $202,911,238
Total Liabilities $231,482
Net Assets $202,679,756
Compensation
Key Employees and Officers Compensation Related Other
Marissa Perl (Production Coordinator) $114,096 $0 $0
Erika Jarvis (Social Media Manager) $106,952 $0 $9,885
Janine Racanelli (Director, President) $0 $0 $0
Mark Dalio (Director, Secretary, Treasurer) $0 $0 $0
Matthew Dalio (Director) $0 $0 $0
Martha Leighton (Assistant Treasurer) $0 $0 $0
Gretchen Wagner (Assistant Secretary) $0 $0 $0
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990
Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,102,035
Expenses
$20,218,484
Net Income
-$6,116,449
Net Assets
$205,728,094
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,508,000
17.8%
Program Services $10,646,176
75.5%
Investment Income $346,805
2.5%
Bond Proceeds $0
Royalties $3,248
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $597,806
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $276,022
1.4%
Assets/Debt
Total Assets $205,858,853
Total Liabilities $130,759
Net Assets $205,728,094
Compensation
Key Employees and Officers Compensation Related Other
Erika Jarvis (Social Media Manager) $108,445 $0 $9,876
Devon Dalio (Director (thru 12/17/20)) $0 $0 $0
Matthew Dalio (Director) $0 $0 $0
Janine Racanelli (Director, President) $0 $0 $0
Mark Dalio (Director, Secretary, Treasurer) $0 $0 $0
Martha Leighton (Assistant Treasurer) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$211,468,949
Expenses
$2,350,013
Net Income
$209,118,936
Net Assets
$211,844,543
Notable Sources of Revenue Percent of Total Revenue
Contributions $209,010,000
98.8%
Program Services $792,012
0.4%
Investment Income $1,442,862
0.7%
Bond Proceeds $0
Royalties $375
0.0%
Rental Property Income $18,600
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $205,100
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $237,416
10.1%
Assets/Debt
Total Assets $211,914,916
Total Liabilities $70,373
Net Assets $211,844,543
Compensation
Key Employees and Officers Compensation Related Other
Janine Racanelli (Director, President) $0 $0 $0
Mark Dalio (Director, Secretary, Treasurer) $0 $0 $0
Devon Dalio (Director) $0 $0 $0
Matthew Dalio (Director) $0 $0 $0
Martha Leighton (Assistant Treasurer) $0 $0 $0
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Document Links

990
Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$410,699
Expenses
$342,580
Net Income
$68,119
Net Assets
$68,119
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $410,000
99.8%
Investment Income $699
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $68,119
Total Liabilities $0
Net Assets $68,119
Compensation
Key Employees and Officers Compensation Related Other
Janine Racanelli (President) $0 $0 $0
Mark Dalio (Secretary/treasurer) $0 $0 $0
Devon Dalio (Director) $0 $0 $0
Matthew Dalio (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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