Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
OCEANIC PRESERVATION SOCIETY
 

Number and street (or P.O. box number if mail is not delivered to street address)3063 STERLING CIRCLE E 7   Room/suite
City or town, state, and ZIP code
BOULDER, CO80301
A Employer identification number

20-3570498
B Telephone number (see page 10 of the instructions)

(303) 444-2454
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,667,335J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 924,812
2 Check bullet
3 Interest on savings and temporary cash investments 1,104 1,104 1,104
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -22,454
b Gross sales price for all assets on line 6a 14,589
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 25,812
b Less: Cost of goods sold.... 11,414
c Gross profit or (loss) (attach schedule)..... Click to see attachment 14,398 14,398
11 Other income (attach schedule)....... Click to see attachment 894,050    
12 Total. Add lines 1 through 11........ 1,811,910 1,104 15,502
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 200,000     104,472
14 Other employee salaries and wages...... 226,306     169,203
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 10,000     10,000
b Accounting fees (attach schedule)....... Click to see attachment 17,260     3,573
c Other professional fees (attach schedule).... Click to see attachment 69,185     55,823
17 Interest............... 80      
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 29,485     10,666
19 Depreciation (attach schedule) and depletion... Click to see attachment 112,752    
20 Occupancy.............. 49,799     44,239
21 Travel, conferences, and meetings....... 199,983     177,538
22 Printing and publications.......... 1,868     1,264
23 Other expenses (attach schedule)....... Click to see list of attachments 733,182     666,228
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,649,900 0   1,243,006
25 Contributions, gifts, grants paid........ 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,649,900 0   1,243,006
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 162,010
b Net investment income (if negative, enter -0-) 1,104
c Adjusted net income (if negative, enter -0-)... 15,502
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 1,314,196 1,093,856 1,093,856
3 Accounts receivable bullet2,522
Less: allowance for doubtful accounts bullet   2,548 2,522 2,522
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   10,000    
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........   12,932 12,932
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet915,598
Less: accumulated depreciation (attach schedule) bullet374,951 335,418 Click to see attachment540,647 540,647
15 Other assets (describe bullet) Click to see attachment11,026 Click to see attachment17,378 Click to see attachment17,378
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,673,188 1,667,335 1,667,335
Liabilities 17 Accounts payable and accrued expenses.......... 122,404 76,383
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons 4,113 131
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment155,312 Click to see attachment37,452
23 Total liabilities (add lines 17 through 22).......... 281,829 113,966
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,391,359 1,553,369
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,391,359 1,553,369
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,673,188 1,667,335
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,391,359
2 Enter amount from Part I, line 27a..................... 2 162,010
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,553,369
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,553,369
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -22,454
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3 -22,454
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010      
2009      
2008      
2007      
2006      
2 Total of line 1, column (d) ...................... 2  
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3  
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4  
5 Multiply line 4 by line 3....................... 5  
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6  
7 Add lines 5 and 6......................... 7  
8 Enter qualifying distributions from Part XII, line 4.............. 8  
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 22
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 22
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 22
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 4
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 18
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletCO
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.Click to see attachment
    10
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletopsociety.org
    14
    The books are in care ofbulletORGANIZATION Telephone no.bullet (303) 444-2454
    Located atbullet3063 STERLING CIRCLE E 7BOULDERCO ZIP+4bullet80301
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    RICHARD SCHADEN BOARD MEMBER
    1.00     		0    
    9596 METRO AIRPORT AVENUE
    BROOMFIELD,CO80021
    LOUIE PSIHOYOS Director
    40.00     		200,000    
    443 JUNIPER
    BOULDER,CO80304
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    1,204,026
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,204,026
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,204,026
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    18,060
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,185,966
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    59,298
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    59,298
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    22
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    22
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    59,276
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    59,276
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    59,276
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,243,006
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    311,618
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,554,624
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,554,624
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 59,276
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008....... 1,557,521
    d From 2009....... 2,600,322
    e From 2010....... 767,970
    fTotal of lines 3a through e......... 4,925,813
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 1,554,624
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2011 distributable amount..... 59,276
    e Remaining amount distributed out of corpus 1,495,348
    5 Excess distributions carryover applied to 2011.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 6,421,161
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		6,421,161
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008.... 1,557,521
    c Excess from 2009.... 2,600,322
    d Excess from 2010.... 767,970
    e Excess from 2011.... 1,495,348
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aSPEAKING ENGAGEMENTS         9,841
    bFOREIGN & DOMESTIC SALES         878,954
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 1,104  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory         -22,454
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..         14,398
    11 Other revenue: aMISCELLANEOUS REVENUE     1 5,255  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   6,359 880,739
    13Total. Add line 12, columns (b), (d), and (e)..................
    13887,098
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    1a1b OCEANIC PRESERVATION SOCIETY IS A NON-PROFIT ORGANIZATION THAT CREATES FILM, PHOTOGRAPHY, AND MEDIA, INSPIRING PEOPLE TO SAVE THE OCEANS. IN 2009 OCEANIC PRESERVATION COMPLETED THE DOCUMENTARY FILM "THE COVE" AND BEGAN DISTRIBUTING THE FILM INTERNATIONALLY. THIS FILM AND OTHERS ARE THE PRIMARY MEANS BY WHICH OCEANIC PRESERVATION SOCIETY ACCOMPLISHES ITS PRIMARY EXEMPT PURPOSE. OCEANIC PRESERVATON SOCIETY RECEIVED INCOME FROM THE SALE OF THE RIGHTS TO PLAY THE FILM IN FOREIGN MARKETS, ALONG WITH REVENUE FROM THEATER TICKET AND DVD SALES ABROAD.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID: 11000144
    Software Version: 2011v1.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 17,260 0 0 3,573

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2011 AmortizationSchedule
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    ALEXA SOFTWARE-FPC 2011-12-13 1,816   3 50     50
    FINAL CUT PRO - FPC 2011-07-13 900   5 90     90
    ADOBE - OPS 2011-01-01 311   3 104     104
    APPLE CARE EDITING S/W 2010-11-16 3,226 90 3 1,075     1,165
    SOFTWARE 2010-07-30 2,015 280 3 672     952
    PHASE ONE S/W 2010-07-30 399 55 3 133     188
    ADOBE SOFTWARE 2008-03-11 2,424 2,289 3 135     2,424

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2011 DepreciationSchedule
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    SOUND EQ-NOVA MUSIK-FPC 2011-07-13 1,029   91 5.0000 103      
    KORG MR2000S - FPC 2011-12-05 1,495   91 5.0000 25      
    DPA SMK 4060 WIRE-FPC 2011-11-07 949   91 5.0000 32      
    LECTROSONICS TRANS -FPC 2011-10-13 843   91 5.0000 42      
    LIL EARS BRDCST DISH -FPC 2011-08-05 1,640   91 5.0000 137      
    EUPHONIX CS3000 - FPC 2011-08-01 26,800   91 5.0000 2,233      
    KORG RECORDER - FPC 2011-07-13 2,189   91 5.0000 219      
    MICRODOLLY - FPC 2011-10-13 8,411   91 5.0000 421      
    CREAM SOURCE ACC - FPC 2011-10-13 346   91 5.0000 17      
    TAPE ARCHIVE 2011-10-25 7,617   91 5.0000 254      
    2TB GLYPH DRIVE - FPC 2011-12-13 340   91 5.0000 6      
    APPLE MACBK PRO - FPC 2011-10-25 2,926   91 5.0000 98      
    QIO MEDIA READER - FPC 2011-10-13 811   91 5.0000 41      
    4TB GLYPH HD (2) - FPC 2011-10-13 1,459   91 5.0000 73      
    DOTHILL 3130 EXP - FPC 2011-09-23 9,846   91 5.0000 492      
    SCAN DISK CARD(2)-FPC 2011-06-30 625   91 5.0000 63      
    64GB SONY CARDS(2)-FPC 2011-12-13 2,960   91 5.0000 49      
    HDX BUTTON CAM(2)-FPC 2011-11-30 5,800   91 5.0000 97      
    AQUABOT WTR BTL CAM-FPC 2011-11-30 3,200   91 5.0000 53      
    HGX IR BUTTONCAM-FPC 2011-11-30 3,600   91 5.0000 60      
    ALEXA ARRI TOP PLATE-FPC 2011-11-29 675   91 5.0000 11      
    CANON 100MM LENS - FPC 2011-11-13 1,240   91 5.0000 41      
    CAMERA EQUIP - FPC 2011-11-01 35,739   91 5.0000 1,191      
    CANON 5D - FPC 2011-10-22 3,483   91 3.0000 194      
    GOPRO HELMET CAM - FPC 2011-10-13 2,030   91 5.0000 102      
    MANFROTTO TRIPOD - FPC 2011-10-13 1,128   91 5.0000 56      
    SONY HDR-CX700V - FPC 2011-10-13 1,233   91 5.0000 62      
    GO PRO HELMET CAMS(2)-FPC 2011-10-01 983   91 5.0000 49      
    SONY SXS CARDS (7)-FPC 2011-09-22 7,352   91 5.0000 368      
    ZEISS LWZ-2 LENS - FPC 2011-08-24 26,000   91 5.0000 1,733      
    O'CONNOR CFF-1 - FPC 2011-08-11 7,613   91 5.0000 634      
    ALEXA BRICK KIT-FPC 2011-08-11 23,509   91 5.0000 1,959      
    ALEXA STARTER PKG-FPC 2011-08-11 110,463   91 5.0000 9,205      
    CANON EOS 5D - FPC 2011-07-27 2,459   91 5.0000 205      
    QUADROCOPTER - FPC 2011-06-13 12,672   91 5.0000 1,478      
    GEAR STORM CASE - FPC 2011-11-13 395   91 5.0000 13      
    GEAR CASES (7) - FPC 2011-11-13 2,442   91 5.0000 81      
    LH IMPRVMNTS - FPC 2011-05-25 6,518   91 39.0000 97      
    MAC MINI SERVER-OPS 2011-09-13 1,148   91 5.0000 77      
    INTUOS4 TABLET - OPS 2011-06-22 469   91 5.0000 47      
    WHITEBD PARTITIONS(3)-OPS 2011-03-23 1,874   91 5.0000 281      
    CAT6 PVC - OPS 2011-02-08 948   91 5.0000 174      
    FIBRE CABLE - OPS 2011-02-08 2,100   91 5.0000 385      
    PROMISE RAID 4GB STG-OPS 2011-02-02 14,241   91 5.0000 2,611      
    COPIER - OPS 2011-01-01 400   91 5.0000 80      
    FURNITURE - OPS 2011-03-23 1,416   91 7.0000 152      
    FURNITURE - OPS 2011-03-23 1,447   91 7.0000 155      
    RUG - OPS 2011-03-23 920   91 7.0000 99      
    CONFERENCE TABLE-OPS 2011-02-13 628   91 7.0000 82      
    TELEPHONE - OPS 2011-01-01 613   91 5.0000 123      
    DIVE EQUIPMENT 2010-07-01 725 52 91 7.0000 104      
    SATELLITE PHONE 2010-01-25 2,617 480 91 5.0000 523      
    BUTTON CAMERA 2010-02-09 2,950 541 91 5.0000 590      
    RYCOTE STEREO, SCHOEPS 2010-10-11 9,016 322 91 7.0000 1,288      
    TECH HYDROPHONE 2010-09-22 350 13 91 7.0000 50      
    SOUND EQUIPMENT 2010-09-13 3,150 150 91 7.0000 450      
    2 LIBRA BCD AIR SOURCES 2010-09-15 1,177 56 91 7.0000 168      
    2 PFD FREEDIVER SCS SUITS 2010-09-07 1,353 64 91 7.0000 193      
    2 PFD 45 FREEDIVER SUIT 2010-09-07 933 44 91 7.0000 133      
    PFD FREEDIVER SUIT 2010-09-07 454 22 91 7.0000 65      
    DIVE EQPMT-VENTURA DIVE 2010-08-31 643 31 91 7.0000 92      
    DIVE EQPMT-GOAL 2010-08-31 717 34 91 7.0000 102      
    DIVE EQPMT-CETACEAN 2010-08-31 350 17 91 7.0000 50      
    DIVE EQPMT-BACKSCATTER 2010-08-31 7,004 334 91 7.0000 1,001      
    BLACKMAGIC HDLINK PRO 3D 2010-11-22 627 10 91 5.0000 125      
    JVC 46" 3D DISPLAY MNTR 2010-11-22 5,995 100 91 5.0000 1,199      
    SYSTEM INTEGRATION 2010-11-16 6,000 100 91 5.0000 1,200      
    QLOGIC SANBOX 5800-20 2010-11-16 7,511 125 91 5.0000 1,502      
    3 ATTO CELERITY FC-82EN 2010-11-16 4,200 70 91 5.0000 840      
    2 APPLE MACPRO 2.66HGZ 2010-11-16 5,119 85 91 5.0000 1,024      
    2 APPLE XSERVE 2.26GHZ 2010-11-16 7,256 121 91 5.0000 1,451      
    APPLE COMPUTER 2010-06-30 1,609 161 91 5.0000 322      
    COMPUTER EQUIPMENT 2010-03-29 3,666 550 91 5.0000 733      
    TITANIUM EXPANSION CHASSI 2010-11-16 10,969 131 91 7.0000 1,567      
    TITANIUM 8GB BC 24TB RAW 2010-11-16 16,786 200 91 7.0000 2,398      
    CAMERA EQUIPMENT 2010-10-31 600 14 91 7.0000 43      
    CAMERA EQUIPMENT 2010-09-30 953 34 91 7.0000 136      
    FUJI FINEPIX REAL 3D W3 2010-09-30 495 18 91 7.0000 71      
    TRANSCEND SDHC CARD 2010-09-14 1,250 60 91 7.0000 179      
    TEN 256GB SOLID ST DRIVES 2010-09-13 8,000 533 91 5.0000 1,600      
    WD INTERNAL HARD DRIVE 2010-09-07 651 31 91 7.0000 93      
    WD INTERNAL HARD DRIVE 2010-09-03 3,066 146 91 7.0000 438      
    CAMERA EQUIPMENT 2010-08-31 424 20 91 7.0000 61      
    AG3DA1PJ 3D CAMCORDER 2010-09-10 42,000 2,000 91 7.0000 3,500      
    CAMERA EQUIPMENT 2010-08-31 405 19 91 7.0000 58      
    CAMERA EQUIPMENT 2010-08-31 1,126 54 91 7.0000 161      
    CAMERA EQUIPMENT 2010-06-30 6,265 448 91 7.0000 895      
    CAMERA EQUIPMENT 2010-05-30 1,571 131 91 7.0000 224      
    FURNITURE 2010-12-31 2,719   91 7.0000 388      
    FURNITURE 2010-12-31 3,143   91 7.0000 449      
    APPLE COMPUTER 2009-10-17 2,021 471 91 5.0000 404      
    SONY HDR-XR500V CAMCORDER 2009-08-25 1,211 231 91 7.0000 173      
    HARD DRIVE FOR NYC EDIT 2008-05-01 443 168 91 7.0000 63      
    EDITING SOFTWARE 2008-01-09 13,842 5,931 91 7.0000 1,977      
    WND O ERTH EDITING SOUND 2007-12-03 3,801 1,674 91 7.0000 543      
    APPLE RPO QUAD CPTR STRGE 2007-11-19 11,389 5,017 91 7.0000 1,627      
    APPLE PRO TWO CMPTR STRGE 2007-11-19 6,843 3,015 91 7.0000 978      
    FILM VIDEO EDITORIAL EQUP 2007-06-07 1,620 828 91 7.0000 231      
    ABEL CLINE EDITORIAL EQUP 2007-04-24 287 150 91 7.0000 41      
    FOCUS VIDEO EQUPMENT 2007-04-06 1,980 1,061 91 7.0000 283      
    LAP TOP 2007-09-30 3,928 2,554 91 5.0000 786      
    GENESIS CPTR EQUIP 2007-05-31 875 627 91 5.0000 175      
    CAMERA UNDERWATER HSG 2007-01-19 297 231 91 5.0000 59      
    IMACON FLXTITE 949 SCANNR 2007-01-16 1,443 1,132 91 5.0000 289      
    YODO CAMERA 2007-10-26 537 244 91 7.0000 77      
    YODO CAMERA 2007-10-26 1,507 681 91 7.0000 215      
    YODO CAMERA 2007-10-25 2,348 1,061 91 7.0000 335      
    ULT ELCT HD CAMERA 2007-10-15 1,200 556 91 7.0000 171      
    INFRA RED CAMERA SYSTEMS 2007-10-11 2,618 1,216 91 7.0000 374      
    2 HD VIDEO WALKMAN 2007-10-08 2,550 1,183 91 7.0000 364      
    CAMERA BLIMP 2007-11-06 23,400 10,586 91 7.0000 3,343      
    3 HD CAMERAS HELMET CAMRA 2007-10-03 1,177 546 91 7.0000 168      
    B & H LIGHT PANEL KIT 2007-09-24 2,322 1,079 91 7.0000 332      
    AIRFOIL CAMERA FLYING DEV 2007-08-06 7,409 3,615 91 7.0000 1,058      
    BIC 2 HD CAMERAS 2007-07-24 1,095 533 91 7.0000 156      
    STARTK CAMERA UNDRWTR HSG 2007-05-17 7,365 3,770 91 7.0000 1,052      
    AJA HD10A MTCHBX W/PWER 2007-02-01 1,155 646 91 7.0000 165      
    ULTIMAT ELCTRNC HD CAMERA 2007-01-25 990 553 91 7.0000 141      
    BETTER BACK OFFICE CHAIR 2007-10-16 949 431 91 7.0000 136      
    2 SWAMP COOLERS 2007-07-02 638 319 91 7.0000 91      
    2 OFFICE CHAIRS 2007-01-26 2,070 1,159 91 7.0000 296      
    SERVER RAIDS FOR EDITNG 2007-11-19 28,298 12,466 91 7.0000 4,043      
    PORTABLE VIDEO PLAYER 2007-02-01 440 247 91 7.0000 63      
    LH IMPROVEMENT - IT CBLNG 2006-01-19 1,003 128 91 39.0000 26      
    MOTOROLA RADIO 2006-10-24 320 192 91 7.0000 46      
    MOTOROLA RADIO 2006-10-24 320 192 91 7.0000 46      
    MOTOROLA RADIO 2006-10-24 320 192 91 7.0000 46      
    MOTOROLA RADIO 2006-10-24 321 192 91 7.0000 46      
    MOTOROLA RADIO 2006-10-24 321 192 91 7.0000 46      
    MOTOROLA RADIO 2006-10-24 321 192 91 7.0000 46      
    BLACKBERRY 2006-02-03 508 359 91 7.0000 73      
    HYDROPHONE 2006-01-22 261 182 91 7.0000 37      
    HYDROPHONE 2006-01-21 806 566 91 7.0000 115      
    HYDROPHONE 2006-01-21 806 566 91 7.0000 115      
    HYDROPHONE 2006-01-21 807 566 91 7.0000 115      
    HYDROPHONE 2006-01-21 807 566 91 7.0000 115      
    WET SUIT 2006-05-31 1,743 1,141 91 7.0000 249      
    LP MAC BOOK PRO 2006-11-03 2,867 2,388 91 5.0000 479      
    EDITING EQUPMENT WIND OVR 2006-01-13 30,398 21,715 91 7.0000 4,343      
    DIVE EQUIP-MOONDOG 2006-12-29 603 344 91 7.0000 86      
    DIVE GEAR-BROWINES STHPRT 2006-11-06 357 213 91 7.0000 51      
    DIVE GEAR-WORLD WATRSPRTS 2006-11-05 600 358 91 7.0000 86      
    WET SUIT 2006-07-18 2,898 1,829 91 7.0000 414      
    SCUBA GEAR 2006-05-30 1,046 683 91 7.0000 149      
    3 92 DIVE GEAR 2006-05-04 356 238 91 7.0000 51      
    5OR CAYMANS 2006-04-28 493 327 91 7.0000 70      
    MOONDOG DIVE EQUIPMENT 2006-04-26 2,915 1,942 91 7.0000 416      
    GATES UNDERWATER 2006-04-03 1,123 760 91 7.0000 160      
    OPS DECALS - WET SUITS 2006-01-29 906 635 91 7.0000 129      
    WEST MARINE DIVE EQUIPMEN 2006-01-27 650 457 91 7.0000 93      
    WET SUIT 2006-01-19 285 201 91 7.0000 41      
    WET SUIT 2006-01-19 285 201 91 7.0000 41      
    WET SUIT 2006-01-19 285 201 91 7.0000 41      
    DIVE GEAR 2006-01-16 509 359 91 7.0000 73      
    REBREATHERS 2006-01-13 17,940 12,815 91 7.0000 2,563      
    STILL CAMERA EQUIP SAMMYS 2006-11-20 1,061 621 91 7.0000 152      
    CANON STILL CAMERA 2006-11-18 7,970 4,651 91 7.0000 1,139      
    CALUMET STILL CAMERA EQ 2006-11-14 630 375 91 7.0000 90      
    STILL CAMERA EQUIP 2006-11-11 800 475 91 7.0000 114      
    ARRI LIGHTING KIT 2006-11-05 2,833 1,687 91 7.0000 405      
    METAL FAB CAMERA MOUNTS 2006-11-05 300 179 91 7.0000 43      
    SANDISK MEMORY CARD 2006-11-04 508 304 91 7.0000 73      
    SANDISK MEMORY CARD 2006-11-04 507 300 91 7.0000 72      
    GVD 1000 MONITOR 2006-11-03 1,842 1,096 91 7.0000 263      
    TRIPODS 2006-10-31 11,057 6,583 91 7.0000 1,580      
    SANDISK FLASHCARD 2006-10-30 391 233 91 7.0000 56      
    SANDISK FLASHCARD 2006-10-30 391 233 91 7.0000 56      
    CHIMERA LIGHTS & LIGHTING 2006-10-24 1,660 988 91 7.0000 237      
    GATES A1U HSG,ASSLY,PRT 2006-10-19 4,554 2,712 91 7.0000 651      
    GATES A1U HSG, ASSLY, PRT 2006-10-19 4,553 2,708 91 7.0000 650      
    BACKSCATTER LIGHTING EQUI 2006-07-13 402 257 91 7.0000 57      
    UNDERWATER HOUSING 2006-07-13 2,898 1,863 91 7.0000 414      
    Z1U CAMCORDER, WTRPRF CS 2006-05-30 5,033 3,295 91 7.0000 719      
    Z1U CAMCORDER, WTRPRF CS 2006-05-30 5,034 3,296 91 7.0000 719      
    LENSES BLUE FIN & SVC KIT 2006-04-03 1,530 1,040 91 7.0000 219      
    EXT MONITOR FOR BLUEFIN 2006-04-03 1,414 960 91 7.0000 202      
    TRIPOD MOUNTS FOR BLUEFIN 2006-03-20 424 289 91 7.0000 61      
    BLUEFIN LENSES & ACCESS 2006-02-13 6,810 4,784 91 7.0000 973      
    ACCESS FOR BLUEFIN HSNG 2006-02-13 5,645 3,963 91 7.0000 806      
    CAMERA EQUIPMENT 2006-01-26 3,449 2,424 91 7.0000 493      
    MILLER DS-5 CRBNFBR TRIPD 2006-01-17 1,080 757 91 7.0000 154      
    TELECONVERTER W/FILTERS 2006-01-17 1,450 1,035 91 7.0000 207      
    UNDERWATER HOUSINGS 2006-01-13 400 285 91 7.0000 57      
    UNDERWATER HOUSINGS 2006-01-13 8,649 6,180 91 7.0000 1,236      
    SOUND EQUIPMENT 2006-10-19 35,421 21,083 91 7.0000 5,060      
    HYDROPHONE & CONNECTORS 2006-11-10 1,839 1,096 91 7.0000 263      
    HYDROPHONE & CONNECTORS 2006-11-10 1,838 1,096 91 7.0000 263      
    PRO HI DEF CAMCORDER 2006-10-12 2,745 1,666 91 7.0000 392      
    HYDROPHONE & CONNECTOR 2006-07-14 613 396 91 7.0000 88      
    HYDROPHONE & CONNECTOR 2006-07-14 612 392 91 7.0000 87      
    HYDROPHONE & CONNECTOR 2006-02-16 333 232 91 7.0000 48      
    SEAPHONE HYDROPHON W/CONN 2006-01-30 276 192 91 7.0000 39      
    COUCH IN LP OFFICE 2006-10-30 10,249 6,100 91 7.0000 1,464      
    CANTEBURY OFFICE FURNITUR 2006-04-03 1,600 1,087 91 7.0000 229      
    OFFICE BLINDS 2006-02-27 3,972 2,741 91 7.0000 567      
    OFFICE FURNTIURE 2006-02-10 5,220 3,668 91 7.0000 746      
    OFFICE FURNITURE 2006-01-26 5,217 3,663 91 7.0000 745      
    OFFICE FURNITURE 2006-01-24 500 349 91 7.0000 71      
    STEEL SHELVING STORAGE 2006-01-17 3,367 2,365 91 7.0000 481      
    APPLE X2 POWER ADAPTER 2006-11-30 752 613 91 5.0000 139      
    BLACKOUT CURTAINS 2005-12-09 2,300 1,672 91 7.0000 329      
    DESK 2005-12-05 1,599 1,159 91 7.0000 228      
    BOOKSHELVES 2005-11-16 1,000 727 91 7.0000 143      
    EDITING SND MIC, REC 2005-12-08 9,786 7,107 91 7.0000 1,398      
    EDITING EQUIP-SPEAKER 2005-12-08 3,482 2,526 91 7.0000 497      
    ED EQUIP-SOUND 2005-11-22 3,482 2,526 91 7.0000 497      
    DIVE EQUIP-CANISTR LIGHT 2005-12-28 720 515 91 7.0000 103      
    DIVE EQUIPMENT-UNDERSEAS 2005-12-09 423 305 91 7.0000 60      
    DIVE EQUIPMENT-REBREATHER 2005-12-04 312 229 91 7.0000 45      
    DIVE EQUIPMENT-MOONDOG 2005-11-23 8,400 6,100 91 7.0000 1,200      
    CAMERA BAG 2005-12-12 442 320 91 7.0000 63      
    ROTARY TABLE 2005-12-09 1,515 1,098 91 7.0000 216      
    CAMERA & WIDE ANGLE CNVTR 2005-12-04 5,498 3,990 91 7.0000 785      
    FILTER 2005-12-02 250 183 91 7.0000 36      
    CAMERA 2005-11-28 1,784 1,296 91 7.0000 255      
    TRIPOD HEAD ANGLE & TILT 2005-11-28 1,580 1,149 91 7.0000 226      
    CAMERA AND TRIPOD 2005-11-25 11,528 8,372 91 7.0000 1,647      
    IPOD ACCESS 2005-12-01 714 519 91 7.0000 102      

    TY 2011 LandEtcSchedule2
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Miscellaneous 821,173 321,889 499,284 499,284
    Improvements 7,521 251 7,270 7,270
    Machinery and Equipment 37,337 20,397 16,940 16,940
    Furniture and Fixtures 49,567 32,414 17,153 17,153


    TY 2011 LegalFeesSchedule
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 10,000 0 0 10,000


    TY 2011 MortgagesAndNotesPayableSch 
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name IMPACT PARTNERS
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 150000
    Balance Due  
    Date of Note 2009-07
    Maturity Date 2010-08
    Repayment Terms  
    Interest Rate 15.0000
    Security Provided by Borrower  
    Purpose of Loan TO ENABLE PROMOTION OF FILM
    Description of Lender Consideration CASH
    Consideration FMV  

    Item No. 2
    Lender's Name JIM CLARK FOUNDATION
    Lender's Title  
    Relationship to Insider DONOR
    Original Amount of Loan 1000000
    Balance Due  
    Date of Note 2008-10
    Maturity Date  
    Repayment Terms  
    Interest Rate 3.0000
    Security Provided by Borrower  
    Purpose of Loan TO ENABLE OPS TO COMPLETE FILM
    Description of Lender Consideration CASH
    Consideration FMV  


    TY 2011 OtherAssetsSchedule
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    TV SHOW 3,281 6,278 6,278
    TRADEMARK 2,395 2,395 2,395
    Net Intangible Assets 5,350 6,118 6,118
    DEPOSITS   2,587 2,587


    TY 2011 OtherExpensesSchedule
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WORKERS COMP INSURANCE 9,629     4,250
    WEBSITE 13,024     4,987
    TELEPHONE EXPENSE 4,805     2,117
    SUPPLIES 17,019     15,713
    STOCK FOOTAGE 1,956     608
    RESEARCH 7,797     5,129
    REPAIRS & MAINTENANCE 2,742     1,833
    PROFESSIONAL DEVELOPMENT 350      
    PRODUCTION COSTS 65,290     65,290
    POSTAGE AND FREIGHT 10,732     9,626
    POST PRODUCTION COSTS 2,799     2,799
    OFFICE EXPENSES 14,566     9,972
    MUSIC 725      
    MERCHANT FEES 4,921     4,899
    MEALS AND ENTERTAINMENT 4,924     3,259
    MARKETING 27,909     23,875
    LICENSES & PERMITS 566     425
    INSURANCE 33,109     8,655
    FUNDRAISING COSTS 25,577     23,680
    FESTIVALS 2,095     1,200
    EQUIPMENT RENTAL 29,754     29,754
    DUES & SUBSCRIPTIONS 1,508      
    DONATIONS 100      
    DISTRIBUTION 121,346     121,346
    CONTRACT LABOR 324,404     324,266
    COMPUTER EXPENSE $250 1,086     876
    BANK SERVICE CHARGES 1,560     1,485
    AUTO EXPENSES 630     184
    Amortization 2,259      


    TY 2011 OtherIncomeSchedule2
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SPEAKING ENGAGEMENTS 9,841    
    MISCELLANEOUS REVENUE 5,255    
    FOREIGN & DOMESTIC SALES 878,954    


    TY 2011 OtherLiabilitiesSchedule
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Description Beginning of Year - Book Value End of Year - Book Value
    Rounding   1
    LINE OF CREDIT 136,113  
    CREDIT CARD 19,199 37,451


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL SERVICE FEES 2,363 0 0 907
    CONSULTING 66,822 0 0 54,916


    TY 2011 SalesOfInventoryList 
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    MERCHANDISE SALES 25,812 11,414 14,398

    TY 2011 SubstantialContributorsSch
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Name Address
    OKEANOS FOUNDATION 6168 JAMES ALAN STREET
    CYPRESS,CA90630


    TY 2011 TaxesSchedule
    Name:
    OCEANIC PRESERVATION SOCIETY
    EIN: 20-3570498
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 29,485     10,666