Oceans IQ Pty Ltd

Volunteer Powered iconThis charity relies heavily on the incredible dedication of volunteers. It means their operations are significantly powered by volunteer efforts, where the collective contribution of volunteers is either substantial compared to paid staff, or their work is entirely run by volunteers. Your time and skills could make a huge difference here!
Website:
oceansiq.org.au
ABN:
49 168 585 377
Location:
Noosaville, QLD
Charity Size:
SmallSmall charities, those with an annual revenue of under $500,000, are often the unsung heroes, deeply rooted in local communities. Think of your local soup kitchen, the neighbourhood environmental group, or the tiny organisation providing crucial support to families in crisis. These charities punch above their weight, delivering highly personalised services and fostering strong connections.
Charity Type:
Education
Registration Status:
Registeredthe charity’s registration is active
Religious Affiliation:
No Religious AffiliationThis category comprises charities that do not have any religious affiliation. They operate independently of specific religious doctrines and focus on their mission based on secular principles
DGR Status:
Not Tax DeductibleThis charity or fund is currently not recognised by the Australian Taxation Office (ATO) as a Deductible Gift Recipient (DGR). Donations made to this entity are generally not tax-deductible for the donor. This status indicates the entity does not hold active DGR endorsement, based on official ABR data.
Oceans IQ is an educational portal with a long established web site and significant free resources available to school and university students, teachers, lecturers and the general public. We actively promote and educate in the fields of marine science, research and sustainable management. Oceans IQ s purposes of research, science education and sustainable management goals were achieved with further educational web material including additional ScienceTalks on the site.web (interviews with researchers and scientists on current research projects and why the interviewees took up research as a career). Other education material includes The Nature of Science Youtube clips (on website). 1. Further development work on the COVID delayed Tasmania Down Under documentary (for the international market) on the diverse,unique and remarkable Tasmanian marine habitats. The current global market for onehour blue chip documentaries has declined again, with broadcasters looking mainly for series. Tasmania Down Under is now on hold and will be market assessed again in early 2024. 2. The major Ocean Literacy Portal development is progressing well. There is a need to provide Australian focused marine science resources for all age groups. The goal of Ocean s IQ is to fill this need by a major and ongoing program providing educators a portal of free and high quality resources on the Australian marine environment. Original donor Unico Conservation Foundation provided a further $15,000 funding for the site, which will be launched publicly early/mid 2024. This will increase ocean literacy and directly support the UN s Ocean Decade by engaging individuals and communities interested in learning more about marine science. Many current marine science resources are also unsystematic and outdated. There is no centralised portal. Ocean literacy resources with a southern shores/ temperate marine environment focus are amost non existent. Teachers are, in some cases, having to use resources developed for the more well funded tropical reefs. OIQ will address these issues and develop a framework for a national Ocean Literacy Portal with an initial focus on Victoria.

Only Active in Australia

Staffing DetailsCharities report the number of full-time, part-time, and casual employees, as well as volunteers, for the last pay period of their reporting year.

MetricCharity ValueThis charity's own reported figure, taken from its most recently lodged Annual Information Statement (AIS) with the ACNC.Average (Small)The average figure across all Australian charities of the same size category (Small, Medium, or Large), based on their most recently lodged Annual Information Statements.
Full Time029
Part Time00
Casual00
Volunteers1228
Full-Time Equivalent (FTE)Full-Time Equivalent (FTE) is a calculation that represents the number of full-time employees a charity would have if you combined the hours of all its part-time and casual staff.1.002.51
FTE to Volunteer RatioThis ratio compares the number of volunteers to the number of paid full-time equivalent staff. A higher percentage indicates a greater reliance on volunteers.1200%5043%
Avg Employee Expenses per FTEThis is the average amount of employee-related expenses (like salary and benefits) spent per full-time equivalent staff member.$0$91,589

Related Party TransactionsA transaction between the charity and a person or entity closely connected to the charity, such as a board member, a major donor, or their family members. These must be disclosed to ensure transparency.

Reporting on related party transactions is not required for small charities.

Key Management Personnel (KMP)Key Management Personnel (KMP) are the people who have the authority and responsibility for planning, directing, and controlling the charity's activities. This typically includes board members and senior executives.

Reporting on Key Management Personnel remuneration is only required for large charities.

Most Recent Annual Information Submitted 2023

Lodgement was submitted on time.

Reporting Requirements for a Small Charity (Annual revenue under $500,000)

Small charities must submit an Annual Information Statement (AIS) but are not required to submit a full financial report. This means they do not have to provide a detailed breakdown of assets and liabilities or submit audited financial statements, though they must keep financial records.

CategoryCharity ValueThis charity's own reported figure, taken from its most recently lodged Annual Information Statement (AIS) with the ACNC.Australian Average (Small)The average figure across all Australian charities of the same size category (Small, Medium, or Large), based on their most recently lodged Annual Information Statements.
Net Surplus/DeficitThe difference between a charity's total income and its total expenses for the reporting period. A surplus means income was greater than expenses, while a deficit means expenses were greater than income.$11,373$1,817
Net Assets/LiabilitiesThe value of what a charity owns (assets) minus what it owes (liabilities). This is also known as total equity or net worth, representing the overall financial position.$11,650$0
Total RevenueTotal Revenue plus Other Income. It represents the total income before any expenses are deducted.$43,925$79,127
Revenue from GovernmentFunding received from local, state, or federal government bodies, including grants and contracts for services. $0 $12,204
Donations and BequestsIncome received from individuals, foundations, or corporations in the form of gifts, donations, and bequests (gifts left in a will). $0 $28,744
Revenue from Goods and ServicesIncome generated from selling goods or providing services that are part of the charity's mission or fundraising activities. $0 $17,922
Revenue from InvestmentsIncome earned from the charity's investments, such as interest from bank accounts, dividends from shares, and rent from property. $0 $7,090
Other RevenueIncome from any other sources that don't fit into the main categories. $43,925 $7,559
Other IncomeOther non-operating income, such as one-off gains from the sale of assets. $0 $5,607
Total Gross IncomeTotal Revenue plus Other Income. It represents the total income before any expenses are deducted. $43,925 $79,127
Total ExpensesThe total cost incurred by the charity in carrying out its activities, including program, administrative, and fundraising costs.$32,552$77,310
Employee ExpensesAll costs related to paying staff, including salaries and wages, superannuation, and other employee benefits. $0 $19,898
Grants and Donations (Australia)Funds and donations distributed by the charity to other organisations or individuals within Australia to support their work. $0 $14,184
Grants and Donations (Overseas)Funds and donations distributed by the charity to other organisations or individuals outside of Australia for international aid and development. $0 $3,352
Other ExpensesAll other operational expenses not classified elsewhere, such as administration, fundraising, and program-specific costs. $32,552 $39,876
Total AssetsThe total value of everything the charity owns that has monetary value, including cash, investments, buildings, and equipment.$12,689$635,767
Total LiabilitiesThe total amount of money and obligations the charity owes to others.$1,039$69,335

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