Ocean Genome Atlas Project

EIN: 863259023 501(c)(3) Science & Technology

Berkeley, CA

Total Revenue
$36,075
Total Expenses
$180,077
Total Assets
$721,850
Net Assets
$-27,320
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
Peter Molnar
Tax Period
2023-01-01 to 2023-12-31

Ocean Genome Atlas Project, founded in 2021, is a micro nonprofit in the Science & Technology sector that reported $36K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $180K exceeded revenue, resulting in a 399% operating deficit.

Mission

The Ocean Genome Atlas Project OGAP aims to collect, classify, sequence and map the genomic information of organisms representing at least 80 of the extant marine species worldwide. Deploying a fleet of advanced but cost effective research vessels to transect our oceans over the coming decades, OGAP will allow access to all of our Blue Planet to hundreds of scientists. The resulting Ocean Genome Atlas will be a global 3D genomic atlas of the worlds oceans at single-cell resolution, providing critical information for planetary health, evolutionary and fundamental biology as well as biomedicines of the future. The Atlas will be a public database available to researchers and institutions across the globe. Time is of the essence given accelerating species extinction with estimates that 50 of existing biodiversity could vanish within a few generations.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,375
Program Service Revenue $10,200
Investment Income $0
Other Revenue $11,500
TOTAL REVENUE $36,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $864
Program Expenses $94,058
Other Expenses $180,077
TOTAL EXPENSES $180,077

Year-over-Year Comparison

2023 2022 Change
Revenue $36,075 $66,984 -0.5%
Expenses $180,077 $61,997 +1.9%
Net Income $-144,002 $4,987 -29.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter Molnar Chairman 1.00
Officer Director
$0 $0 $0
Tyler Meade Secretary 1.00
Officer Director
$0 $0 $0
Jeffrey Coyle Treasurer 1.00
Officer Director
$0 $0 $0
Dr Leonid Moroz Director 1.00
Director
$0 $0 $0
Matthew Stromberg Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $36,075 $180,077 $721,850 $-144,002
2022 $66,984 $61,997 $743,131 $4,987
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