The Cousteau Society Inc
- Assets
- $12.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Chesapeake, VA
- Founding
- 05/1974
- Data as of
- 12/2019
- EIN
- 23-7337664
Organization Overview
The Cousteau Society Inc is located in Chesapeake, VA. The organization was established in 1974. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cousteau Society Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Cousteau Society Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2019. While expenses have increased by 0.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY IS DEDICATED TO THE PROTECTION AND IMPROVEMENT OF THE QUALITY OF LIFE FOR PRESENT AND FUTURE GENERATIONS. MORE THAN ONE HUNDRED BOOKS AND 120 FILMS TO DATE HAVE DOCUMENTED A VARIETY OF HABITATS AROUND THE WORLD. EDUCATIONAL ACTIVITIES DIRECTED TOWARDS MEMBERS, CLASSROOMS AND THE GENERAL PUBLIC PROMOTE ENVIROMENTAL AWARENESS LEADING TO SOUND DECISIONS TO PROTECT AND MANAGE THE WORLD'S NATURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND FILMSEXPEDITION AND RESEARCH COSTS RELATED TO THE PRODUCTION AND DISTRIBUTION OF EDUCATIONAL FILMS AND COSTS ASSOCIATED WITH STORING AND MAINTAINING FILM LIBRARIES AND EXPEDITION EQUIPMENT AND ARTIFACTS. COSTS RELATED TO COASTAL MANAGMENT STUDIES.
PUBLIC EDUCATIONANSWERS TO MEMBERS ENVIROMENTAL QUESTIONS; PUBLICATION OF ENVIROMENTAL BOOKS, VIDEO TAPES, AND DVDS; PUBLIC EXHIBITS; UN/NGO ACTIVIES; PARTICIPATION IN MEETINGS OF THE INTERNATIONAL WHALING COMMISSION AND SIMILAR ORGANIZATIONS.
MEMBERSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francine Cousteau President | OfficerTrustee | 40 | $0 |
Andrew Marulis CFO | Officer | 10 | $0 |
Pierre Y Cousteau Director | Trustee | 2 | $0 |
Michael N Garin Director | Trustee | 2 | $0 |
Roger R Smith Director | Trustee | 10 | $0 |
Diane Cousteau Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faircom Fundraising Services | 12/30/18 | $307,395 |
Hunton Andrews Kurth Llp Legal Services | 12/30/18 | $221,411 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,674,659 |
| Noncash contributions included in lines 1a–1f | $1,041,119 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,674,659 |
| Total Program Service Revenue | $146,500 |
| Investment income | $10,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $300,273 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,117 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,188,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,577 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $668,783 |
| Advertising and promotion | $0 |
| Office expenses | $92,993 |
| Information technology | $191,407 |
| Royalties | $0 |
| Occupancy | $183,040 |
| Travel | $7,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,452 |
| All other expenses | $0 |
| Total functional expenses | $1,447,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,775,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,615 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,470,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,678,502 |
| Total assets | $12,935,320 |
| Accounts payable and accrued expenses | $199,073 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,754,726 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $198,033 |
| Total liabilities | $3,151,832 |
| Net assets without donor restrictions | $9,770,988 |
| Net assets with donor restrictions | $12,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,935,320 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that The Cousteau Society Inc has recieved totaling $119,176.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $98,034 |
Petoskey-Harbor Springs Area Community Foundation Petoskey, MI PURPOSE: GENERAL SUPPORT | $10,500 |
Hazel L Wilbur Charitable Tr Norwich, NY PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
Brickman Gross Family Foundation Portland, ME PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
Joy C Hinson-Rider Foundation Kalamazoo, MI PURPOSE: OPERATING SUPPORT | $2,500 |
Haskell Fund Cleveland, OH PURPOSE: OPERATING EXPENSES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Environment & Technology Foundation Arlington, VA | $13,937,500 | $15,203,934 |
North Carolina Outward Bound School Asheville, NC | $30,850,226 | $8,824,225 |
Louisville Water Foundation Louisville, KY | $1,355,242 | $4,579,865 |
Eo Wilson Biodiversity Foundation Durham, NC | $4,025,157 | $3,687,280 |
Soar Inc Balsam, NC | $9,313,397 | $4,143,448 |
The National Environmental Education And Training Foundation Washington, DC | $2,339,365 | $4,620,230 |
International Conservation Caucus Foundation Washington, DC | $1,011,083 | $2,574,743 |
American Flood Coalition Inc Washington, DC | $5,202,884 | $5,634,204 |
Eagles Nest Foundation Incorporated Pisgah Forest, NC | $6,201,338 | $3,726,714 |
Oglebay Institute Wheeling, WV | $22,985,672 | $2,941,395 |
Great Smoky Mountain Institute Townsend, TN | $7,753,482 | $2,441,713 |
Irvine Natural Science Center Inc Owings Mills, MD | $13,723,706 | $2,497,681 |