GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC
PO BOX 417, MYSTIC, CT 06355 www.engineeringfordiscovery.org

Total Revenue
$6,934,718
Total Expenses
$6,849,053
Net Assets
$2,857,682

Organizations Filed Purposes: TO EMPOWER THE GLOBAL UNDERWATER SCIENCE COMMUNITY WITH THE TOOLS AND EXPERTISE REQUIRED TO EXPLORE THE GREATEST DEPTHS OF THE PLANET'S LARGEST AND DEEPEST BODIES OF WATER AND RETURN WITH DISCOVERIES THAT AMAZE AND INSPIRE A GLOBAL AUDIENCE.

Advancement of deep submergence vehicles, equipment and telepresence systems including the design, engineering and development of sampling capabilities for government owned underwater robots; conducted major ocean exploration expeditions; trained film makers and engineers. GFOE provided technical expertise in the area of telepresence-enabled ocean exploration cruises aboard the NOAA Ship Okeanos Explorer. Exploration in 2018 included the mapping the Caribbean, exploring deep-sea habitats around Puerto Rico and the US Virgin Islands, working along the Continental Shelf in the Atlantic Ocean, mapping deep-water areas southeast of Bermuda, exploring the continental margins from South Carolina to Rhode Island.

National Marine Sanctuaries: GFOE prepared to use its 1-meter VSAT flyaway system aboard a federal research vessel in the Gulf of Mexico for a telepresence-enable exploration during the summer of 2019 in the Flower Garden Banks National Marine Sanctuary. Primary objective was to broadcast the annual coral spawning event.

GFOE engaged in a number of other activities that advanced ocean exploration and research. This includes unallocated depreciation expense of $367,519.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
David LovalvoPresident40$313,909
Melissa RyanVice President40$167,383
Harlan KreditDirector1$0
Cynthia SheredaSEC/TREAS1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202033109349301903_public.xml