Nonprofit · EIN 46-3553839
OCEANTIC NETWORK INC
Tax-exempt · BALTIMORE, MD 21209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,861,147 | $10,075,062 | $1,786,085 | $11,568,209 | $2,789,301 | $8,778,908 |
| December 31, 2023 | 990 | $13,309,489 | $11,224,728 | $2,084,761 | $10,152,192 | $3,220,195 | $6,931,997 |
| December 31, 2022 | 990 | $2,033,141 | $3,369,625 | -$1,336,484 | $9,159,585 | $4,375,805 | $4,783,780 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,211,369
- of which government grants
- $1,183,713
- Program service revenue
- $10,425,979
- Investment income
- $221,321
- Other revenue
- $2,478
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $324,812
- Other salaries and wages
- $3,672,990
- Salaries, compensation and benefits (total)
- $4,487,770
- Professional fundraising fees
- $0
- Legal fees
- $28,455
- Accounting fees
- $158,982
- Occupancy
- $99,372
- Travel
- $828,465
- Depreciation
- $94,429
- Program services (functional)
- $7,105,341
- Management and general (functional)
- $2,969,721
Balance sheet and other
- Total assets, start of year
- $10,152,192
- Total assets, end of year
- $11,568,209
- Total liabilities, end of year
- $2,789,301
- Net assets, end of year
- $8,778,908
- Land, buildings and equipment
- $8,082
- Publicly traded securities
- $8,342,062
- Net assets without donor restrictions
- $8,778,908
- Gross receipts
- $11,861,147
- Employees
- 56
- Year formed
- 2013
- State of legal domicile
- MD
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH BURDOCK | EXECUTIVE DI Trustee or director, Officer | 40 | $324,812 | $1,691 |
| JEN BROCK | CHIEF DEV. O Highest-paid employee | 40 | $155,424 | $5,497 |
| ELIZABETH TREY | VP OF EVENTS Highest-paid employee | 40 | $144,279 | $9,217 |
| TODD SHILOW | VP OF FINANC Highest-paid employee | 40 | $131,130 | $6,003 |
| SAMUEL G SALUSTRO | SENIOR VP OF Highest-paid employee | 40 | $129,222 | $4,694 |
| ROSS GOULD | VP SUPPLY CH Highest-paid employee | 40 | $126,788 | $0 |
| BELTON ZEIGLER | PARTNER Trustee or director | 2 | $0 | $0 |
| CINDY TRUITT | CHIEF EXEC. Trustee or director | 4 | $0 | $0 |
| CLARKE BRUNO | CHIEF EXEC. Trustee or director | 10 | $0 | $0 |
| EMMANUEL MARTIN-LAUZER | DIRECTOR Trustee or director | 8 | $0 | $0 |
| JAN KLAASSEN | DIRECTOR Trustee or director | 15 | $0 | $0 |
| JAY BORKLAND | BOARD CHAIR Trustee or director, Officer | 25 | $0 | $0 |
| JOE TIRONE | SECRETARY Trustee or director, Officer | 25 | $0 | $0 |
| JOEL WHITMAN | DIRECTOR Trustee or director | 25 | $0 | $0 |
| KATERINA ENNERFELT | DIRECTOR Trustee or director | 2 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK MITCHELL | DIRECTOR Trustee or director | 2 | $0 |
| NAT SPENCER | TREASURER Trustee or director, Officer | 25 | $0 |
| TEAERA STRUM | DIRECTOR Trustee or director | 25 | $0 |
| TIM FISCHER | DIRECTOR Trustee or director | 12 | $0 |
| TONY APPLETON | DIRECTOR Trustee or director | 16 | $0 |
| ZACH SKELTON | DIRECTOR Trustee or director | 4 | $0 |
| BRIAN SABINA | SENIOR VP Trustee or director | 4 | $0 |
| AARON SMITH | CHIEF OFFICE Trustee or director | 4 | $0 |
| KEVIN PEARCE | DIRECTOR Trustee or director | 4 | $0 |
| MARK RICE | DIRECTOR Trustee or director | 4 | $0 |
| DON HAIRSTON | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH BURDOCK | EXECUTIVE DI Trustee or director, Officer | 40 | $429,543 |
| ROSS GOULD | VP SUPPLY CH Highest-paid employee | 40 | $123,266 |
| TODD SHILOW | VP OF FINANC Highest-paid employee | 40 | $121,252 |
| DENIELLE CHRISTENSEN | VP BUSINESS Highest-paid employee | 40 | $120,406 |
| ELIZABETH TREY | VP OF EVENTS Highest-paid employee | 40 | $120,202 |
| MARYANNE JEFFERSON | VP P'SHIP & Highest-paid employee | 40 | $120,129 |
| BELTON ZEIGLER | PARTNER Trustee or director | 2 | $0 |
| CINDY TRUITT | CHIEF EXEC. Trustee or director | 4 | $0 |
| CLARKE BRUNO | CHIEF EXEC. Trustee or director | 10 | $0 |
| EMMANUEL MARTIN-LAUZER | DIRECTOR Trustee or director | 8 | $0 |
| JAN KLAASSEN | DIRECTOR Trustee or director | 15 | $0 |
| JAY BORKLAND | BOARD CHAIR Trustee or director, Officer | 25 | $0 |
| JOE TIRONE | SECRETARY Trustee or director, Officer | 25 | $0 |
| JOEL WHITMAN | DIRECTOR Trustee or director | 25 | $0 |
| KATERINA ENNERFELT | DIRECTOR Trustee or director | 2 | $0 |
| MARK MITCHELL | DIRECTOR Trustee or director | 2 | $0 |
| NAT SPENCER | TREASURER Trustee or director, Officer | 25 | $0 |
| TEAERA STRUM | DIRECTOR Trustee or director | 25 | $0 |
| TIM FISCHER | DIRECTOR Trustee or director | 12 | $0 |
| TONY APPLETON | DIRECTOR Trustee or director | 16 | $0 |
| ZACH SKELTON | DIRECTOR Trustee or director | 4 | $0 |
| BRIAN SABINA | SENIOR VP Trustee or director | 4 | $0 |
| AARON SMITH | CHIEF OFFICE Trustee or director | 4 | $0 |
| KEVIN PEARCE | DIRECTOR Trustee or director | 4 | $0 |
| MARK RICE | DIRECTOR Trustee or director | 4 | $0 |
| DON HAIRSTON | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2022: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH BURDOCK | EXECUTIVE DI Officer | 40 | $360,000 |
| DENIELLE CHRISTENSEN | VP BUSINESS Highest-paid employee | 40 | $147,000 |
| COURTNEY MALVIK | VP DIGITAL P Highest-paid employee | 40 | $141,527 |
| ROSS GOULD | VP SUPPLY CH Highest-paid employee | 40 | $140,635 |
| MELINDA SKEA | VP PUBLIC AF Highest-paid employee | 40 | $131,385 |
| TODD SHILOW | VP OF FINANC Highest-paid employee | 40 | $124,665 |
| JAY BORKLAND | BOARD CHAIR Trustee or director, Officer | 12 | $0 |
| DON HAIRSTON | PAST PRESIDE Trustee or director, Officer | 8 | $0 |
| NAT SPENCER | TREASURER Trustee or director, Officer | 24 | $0 |
| JOE TIRONE | SECRETARY Trustee or director, Officer | 24 | $0 |
| TONY APPLETON | DIRECTOR Trustee or director | 8 | $0 |
| CLARKE BRUNO | DIRECTOR Trustee or director | 8 | $0 |
| KATERINA ENNERFELT | DIRECTOR Trustee or director | 8 | $0 |
| TIM FISCHER | DIRECTOR Trustee or director | 8 | $0 |
| JAN KLAASSEN | DIRECTOR Trustee or director | 8 | $0 |
| EMMANUEL MARTIN-LAUZER | DIRECTOR Trustee or director | 8 | $0 |
| PAULA MAJOR | DIRECTOR Trustee or director | 8 | $0 |
| MARK MITCHELL | DIRECTOR Trustee or director | 8 | $0 |
| MATT PALMER | DIRECTOR Trustee or director | 8 | $0 |
| KEVIN PEARCE | DIRECTOR Trustee or director | 8 | $0 |
| ZACK SKELTON | DIRECTOR Trustee or director | 16 | $0 |
| TEAERA STRUM | DIRECTOR Trustee or director | 16 | $0 |
| LORRY WAGNER | DIRECTOR Trustee or director | 8 | $0 |
| JOEL WHITMAN | DIRECTOR Trustee or director | 8 | $0 |
| CINDY TRUITT | DIRECTOR Trustee or director | 8 | $0 |
| BELTON ZEIGLER | DIRECTOR Trustee or director | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 1340 SMITH AVE STE 200, BALTIMORE, MD 21209-3796
- In care of
- % ELIZABETH BURDOCK
- Principal officer (990 for 2024)
- ELIZABETH BURDOCK, 1340 SMITH AVENUE SUITE 200, BALTIMORE, MD 21209
- Signed the 990
- TODD SHILOW, VP OF FINANCE
- Phone
- (443) 652-3242
- Website
- WWW.OCEANTIC.ORG
- Return prepared by
- DELEON & STANG CPAS AND ADVISORS
Mission
THE PURPOSE OF THE ORGANIZATION IS TO EXPAND PUBLIC AND PRIVATE SECTOR KNOWLEDGE, EXPERTISE AND CONTACTS FOR THE OFFSHORE WIND INDUSTRY SO THAT THEY MAY PARTICIPATE IN THE GLOBAL OFFSHORE WIND SUPPLY CHAIN AND MAXIMIZE MEMBER PARTICIPATION IN THE DEVELOPMENT, CONSTRUCTION, MAINTENANCE AND OPERATION OF THE OFFSHORE WIND INDUSTRY AND COMPLIMENTARY BASED PROJECTS.
Program accomplishments
- THE ORGANIZATION'S GOAL IS FOR THE UNITED STATES TO HAVE A STRONG OFFSHORE WIND SUPPLY CHAIN THAT HAS A LEADING ROLE IN THE EVOLVING GLOBAL OFFSHORE WIND INDUSTRY. THE ORGANIZATION FACILITATES NETWORKING OPPORTUNITIES ALONGSIDE ITS EDUCATIONAL INITIATIVES AND WITH SMALLER EDUCATIONAL AND NETWORKING EVENTS. THE SIZE AND COMPLEXITY OF OFFSHORE WIND PROJECTS CREATES OPPORTUNITIES FOR MANY INDUSTRIES. BY COLLABORATING ACROSS INDUSTRY SECTORS, BUSINESSES ARE ABLE TO OFFER A WIDER RANGE OF PRODUCTS AND SERVICES IN ONE LOCATION. THROUGH COLLABORATION, BUSINESSES ARE ABLE TO BECOME MORE COMPETITIVE IN THE GLOBAL OFFSHORE WIND MARKET. THE ORGANIZATION BRINGS TOGETHER MEMBER BUSINESSES, DEVELOPERS, POLICY MAKERS, NATIONAL AND INTERNATIONAL EXPERTS, AND ECONOMIC DEVELOPMENT AGENCIES FOR UNPRECEDENTED KNOWLEDGE SHARING AND RELATIONSHIP BUILDING AND CLUSTER FORMING OPPORTUNITIES.Expenses $4,773,768 · revenue $7,403,607
- OCEANTIC NETWORK, INC. IS USING ITS EDUCATIONAL INITIATIVES: INTERNATIONAL EDUCATIONAL TOURS, EXCHANGES WITH INTERNATIONAL GOVERNMENTS, WEBINARS, ANNUAL MEETINGS AND ITS ANNUAL INTERNATIONAL PARTNERING FORUM TO EDUCATE ON THE TOPIC OF OFFSHORE WIND. THE ORGANIZATION BRINGS TOGETHER TOP DEVELOPERS, POLICYMAKERS, GLOBAL EXPERTS, AND LOCAL MEMBER BUSINESSES IN STRUCTURED SETTINGS TO PROVIDE TECHNICAL TRAINING AND EXPERTISE. ITS GOAL IS TO EDUCATE AND TO ADVANCE THE DEVELOPMENT OF THE OFFSHORE WIND INDUSTRY AND CREATE A COMPETITIVE UNITED STATES SUPPLY CHAIN.Expenses $1,678,865 · revenue $2,293,203
- THE ORGANIZATION CONDUCTS STUDIES AND SUPPORTS RESEARCH TO ADVANCE THE DEVELOPMENT OF OFFSHORE WIND AND MARINE OFFSHORE RENEWABLE ENERGY. IN CONJUNCTION WITH MARYLAND COMMUNITY COLLEGES, THE ORGANIZATION HAS SURVEYED THE EDUCATION AND TRAINING NEEDS OF MARYLAND WORKERS TO ACCOMMODATE A DEVELOPING OFFSHORE WIND INDUSTRY. THE ORGANIZATION HAS FACILITATED AND PARTICIPATED IN WORK FORCE DEVELOPMENT GRANTS BASED ON THE RESULTS OF THESE SURVEYS. AS THE DEVELOPMENT OF OFFSHORE WIND PROGRESSES, THE NETWORK MAY SUPPORT RESEARCH OF A MORE SCIENTIFIC NATURE, INCLUDING RESEARCH EXAMINING THE IMPACT OF THE DEVELOPMENT OF OFFSHORE WIND ON THE CHESAPEAKE BAY, FOR EXAMPLE. SUCH RESEARCH MAY BE CONDUCTED IN PARTNERSHIP WITH COLLEGES AND UNIVERSITIES IN THE AREA AND POSSIBLY INVOLVE THEIR STUDENTS AS INTERNS.Expenses $652,708 · revenue $729,169
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3553839
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C30)
- Assets (IRS master file)
- $11,568,209
- Income (IRS master file)
- $11,861,147
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,861,147 | $10,075,062 | $11,568,209 | XML |
| 990 | December 2023 | $13,309,489 | $11,224,728 | $10,152,192 | XML |
| 990 | December 2022 | $2,033,141 | $3,369,625 | $9,159,585 | XML |
| 990 | June 2022 | $11,516,807 | $7,194,443 | $8,195,711 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 46-3553839).
Questions about OCEANTIC NETWORK INC
- What is the EIN of OCEANTIC NETWORK INC?
- The employer identification number (EIN) of OCEANTIC NETWORK INC is 46-3553839.
- Is OCEANTIC NETWORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to OCEANTIC NETWORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OCEANTIC NETWORK 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 OCEANTIC NETWORK 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 OCEANTIC NETWORK 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 OCEANTIC NETWORK INC?
- The 990 for the year ended December 31, 2024 names ELIZABETH BURDOCK.
- Who are the officers and directors of OCEANTIC NETWORK INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 6 received compensation from the organization, the highest $324,812 (ELIZABETH BURDOCK, EXECUTIVE DI).
- How much revenue does OCEANTIC NETWORK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,861,147, expenses of $10,075,062 and total assets of $11,568,209 at year end.
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