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.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Environment organizations nationwide.
- Base
- $325k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $155k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $144k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Executive Di Above 90th percentilevs Environment peers in Maryland | $325k | — | — | — | $327k |
Chief Dev. O Highest Compensated Employee Median to 75th percentile | $155k | — | — | — | $161k |
VP of Events Board Vice President 25th percentile to median | $144k | — | — | — | $153k |
VP of Financ Board Vice President 25th percentile to median | — | — | — | — | $137k |
Senior VP of 25th percentile to medianvs all sectors nationwide | — | — | — | — | $134k |
VP Supply Ch Board Vice President 25th percentile to median | — | — | — | — | $127k |
Plus 20 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at Oceantic Network Inc equaled 3% of the organization's total expenses. The median for environment organizations is 11%.
Based on 4,942 environment organizations, each measured at its most recent filing year with reported expenses and compensation.
Fell 9%
over 2 years
From $360k in 2022 to $327k in 2024.
Chief Executive Officer pay fell 9% from 2022 to 2024, while revenue rose 483%.
- Board Vice President pay rose 4% from 2022 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Oceantic Network Inc
What does the Chief Executive Officer of Oceantic Network Inc earn?
In 2024, the Chief Executive Officer of Oceantic Network Inc received $326,503 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Environment organizations in Maryland: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at Oceantic Network Inc compare with similar nonprofits?
Compared with the same role at Environment organizations in Maryland, the 2024 pay of the Chief Executive Officer at Oceantic Network Inc falls in the top 10%. In 2024, the highest total compensation at Oceantic Network Inc equaled 3% of the organization's total expenses. The median for environment organizations is 11%.
What are Oceantic Network Inc's revenue and expenses?
In 2024, Oceantic Network Inc reported $11.9M in total revenue and $10.1M in total expenses on its IRS Form 990.
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