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BUILDING AMERICAN ENERGY RESILIENCY THROUGH OCEAN-BASED TECHNOLOGY AND POLICY SOLUTIONS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorerⓘ Leadership data below reflects a more recent filing (Tax Year 2024) from the IRS e-file system.
Total Revenue
▼$2.3M
Total Contributions
$2.2M
Total Expenses
▼$2.4M
Total Assets
$914K
Total Liabilities
▼$939.2K
Net Assets
-$25.2K
Officer Compensation
→$100K
Other Salaries
$295.3K
Investment Income
▼$0
Fundraising
▼$244.8K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$28.3M
Awards Found
2
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Energy | NETWORK DIRECTOR FOR THE TESTING EXPERTISE AND ACCESS FOR MARINE ENERGY RESEARCH (TEAMER) PROGRAM | $25.9M | FY2020 | Dec 2019 – Nov 2026 | Open → |
| Department of Energy | UNIVERSITY MARINE ENERGY RESEARCH COORDINATOR (UMERC) | $2.3M | FY2021 | May 2021 – Dec 2027 | Open → |
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
4
Clean Audits
4
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $3.2M | Yes | 2025-09-25 |
| 2023 | Clean | Unmodified (Clean) | $2.1M | Yes | 2024-09-26 |
| 2022 | Clean | Unmodified (Clean) | $2.7M | No | 2023-09-28 |
| 2021 | Clean | Unmodified (Clean) | $975.8K | No | 2022-09-28 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$975.8K
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
WarningTax-exempt status was revoked on May 15, 2012
Reinstated on May 15, 2012
Exemption type: 03
990-N (e-Postcard) Filing History
This organization files simplified Form 990-N (annual gross receipts ≤ $50,000).
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $2.3M | $2.2M | $2.4M | $914K | -$25.2K |
| 2022 | $2.9M | $2.7M | $2.9M | $453.1K | $107K |
| 2021 | $1.1M | $1.1M | $1.2M | $411.6K | $134.4K |
| 2020 | $491.2K | $473.7K | $663.8K | $255.3K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
Revocation status: IRS Auto-Revocation List
| Total |
|---|
| Jason Busch | Sec/treas/exec Director | 40 | $113.5K | $0 | $0 | $113.5K |
| Kevin Banister | President | 1 | $0 | $0 | $0 | $0 |
| Justin Klure | Vice President | 1 | $0 | $0 | $0 | $0 |
| Dave Robertson | Board Member | 1 | $0 | $0 | $0 | $0 |
| Simon Geerlofs | Board Member | 1 | $0 | $0 | $0 | $0 |
Jason Busch
Sec/treas/exec Director
$113.5K
Hrs/Wk
40
Compensation
$113.5K
Related Orgs
$0
Other
$0
Kevin Banister
President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Justin Klure
Vice President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dave Robertson
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Simon Geerlofs
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Samantha Quinn | Program Director | 40 | $110.4K | $0 | $0 | $110.4K |
Samantha Quinn
Program Director
$110.4K
Hrs/Wk
40
Compensation
$110.4K
Related Orgs
$0
Other
$0
| $187.4K |
| 2019 | $317.6K | $148.4K | $374.2K | $390.3K | $362.6K |
| 2018 | $137K | $0 | $326.7K | $439.6K | $418.4K |
| 2017 | $610.7K | $527.8K | $24.1K | $610.2K | $608.1K |
| 2014 | $0 | — | $0 | $3,655 | — |
| 2013 | $0 | — | $802 | $3,655 | — |
| 2010 | $10K | — | $0 | $10K | — |
| 2009 | $0 | — | $0 | $1 | — |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2014 | 990-EZ | Data |
| 2013 | 990-EZ | Data |
| 2012 | 990-EZ | — |
| 2010 | 990-EZ | Data |
| 2009 | 990-EZ | Data |