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Nonprofit · EIN 46-3461387

BENEATH THE WAVES INC

Tax-exempt · CHARLESTOWN, MA 02129

Financials

$974K$682K2024
Revenue Expenses · by fiscal year end
Financials of BENEATH THE WAVES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$973,724$682,045$291,679$644,409$27,361$617,048
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$938,724
Program service revenue
$0
Investment income
$0
Net income from gaming
$35,000
Other revenue
$35,000

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$116,400
Other salaries and wages
$143,107
Salaries, compensation and benefits (total)
$279,754
Professional fundraising fees
$0
Legal fees
$1,446
Accounting fees
$9,655
Travel
$43,446
Depreciation
$37,577
Program services (functional)
$325,780
Management and general (functional)
$356,265

Balance sheet and other

Total assets, start of year
$405,112
Total assets, end of year
$644,409
Total liabilities, end of year
$27,361
Net assets, end of year
$617,048
Land, buildings and equipment
$175,282
Net assets without donor restrictions
$617,048
Gross receipts
$973,724
Employees
7
Volunteers
20
Year formed
2014
State of legal domicile
VA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
AUSTIN GALLAGHER PHDChairman
Trustee or director, Officer
40$116,400
ROSEMARY MANNVice President
Trustee or director, Officer
1$0
PAMELA SCHISSER LINDBERGDirector
Trustee or director
1$0
MALIK ADUNNIDirector
Trustee or director
1$0
STEVEN FERONDirector
Trustee or director
1$0
JEFFREY PANKEYDirector
Trustee or director
1$0
MARKO DIMITRIJEVICDirector
Trustee or director
1$0
WENDY BENCHLEYDirector
Trustee or director
1$0
MARIA DAMANAKIDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
7 MONUMENT AVE APT 1, CHARLESTOWN, MA 02129-3627
In care of
% ZACHARY REICHENBACH
Mailing address (990-N for 2015)
1200 South Conkling Street Apt 223, Baltimore MD 21224
Principal officer (990 for 2024)
AUSTIN GALLAGHER
Principal officer (990-N for 2015)
Zachary Reichenbach, 1200 South Conkling Street Apt 223, Baltimore MD 21224
Signed the 990
AUSTIN GALLAGHER, President & CEO
Phone
(617) 633-0207
Return prepared by
The Gold Standard Accounting and Tax INC

Mission

BENEATH THE WAVES IS DEDICATED TO PROMOTING OCEAN HEALTH AND USING SCIENCE TO CATALYZE OCEAN POLICY, WITH A FOCUS ON SHARK CONSERVATION AND MARINE PROTECTED AREAS.

990 for the year ended December 31, 2024

Program accomplishments

  • SCIENTIFIC RESEARCH - CONDUCTING RESEARCH TO ADVANCE THE STUDY OF OCEAN GIANTS, BLUE CARBON HABITATS, AND DEEP-SEA ECOSYSTEMS.
    Expenses $325,780
  • DIGITAL MEDIA - CREATING MARKETING ASSETS AND OUTREACH TOOLS TO RAISE AWARENESS ANDPROMOTE CONSERVATION.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-3461387
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Animal-related (D30)
Assets (IRS master file)
$644,409
Income (IRS master file)
$973,724

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$1,350,620$1,233,431$405,112IRS
990December 2022$1,766,272$1,899,200$290,664IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2015
Officer: Zachary Reichenbach
December 31, 2015≤ $50,000 receipts––e-Postcard

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about BENEATH THE WAVES INC

What is the EIN of BENEATH THE WAVES INC?
The employer identification number (EIN) of BENEATH THE WAVES INC is 46-3461387.
Is BENEATH THE WAVES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to BENEATH THE WAVES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BENEATH THE WAVES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BENEATH THE WAVES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BENEATH THE WAVES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BENEATH THE WAVES INC?
The 990 for the year ended December 31, 2024 names AUSTIN GALLAGHER.
Who are the officers and directors of BENEATH THE WAVES INC?
The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $116,400 (AUSTIN GALLAGHER PHD, Chairman).
How much revenue does BENEATH THE WAVES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $973,724, expenses of $682,045 and total assets of $644,409 at year end.

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