Savannah Ocean Exchange

Organization Overview

Savannah Ocean Exchange is located in Savannah, GA. The organization was established in 2011. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 12/2021, Savannah Ocean Exchange employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Savannah Ocean Exchange 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 12/2021, Savannah Ocean Exchange generated $481.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $462.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Savannah Ocean Exchange has awarded 12 individual grants totaling $740,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP ACCELERATE THE ADOPTION OF INNOVATIVE SOLUTIONS FROM START UP COMPANIES, ALL IN SUPPORT OF HEALTHY OCEANS, RESILIENT COASTLINES, AND SUSTAINABLE SHIPPING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ANNUAL EXCHANGE EVENT SHOWCASES TEN SOLUTIONS, GENERATED FROM AN ANNUAL GLOBAL CALL FOR SOLUTIONS, HIGHLIGHTING DIFFERENT PERSPECTIVES AND APPROACHES. EACH YEAR, INDIVIDUALS AND ORGANIZATIONS FROM DIVERSE FIELDS WITH EXPERTISE MANAGING GLOBAL ISSUES MEET IN SAVANNAH, GEORGIA. THE WORLD-CLASS SOLUTIONS ARE PRESENTED ON THE FOCUS SELECTED FOR THE CURRENT YEAR. THE NAVIGATOR AWARD IS AWARDED TO THE BEST SOLUTION PRESENTED. ATTENDEES WORK FOR TWELVE MONTHS TO ADVANCE THE ADOPTION OF THE TEN SOLUTIONS AROUND THE GLOBE. THE ADVISORY BOARD OF GOVERNORS OF THE ORGANIZATION SELECTS THE RECIPIENT OF THE AWARD ACCORDING TO STRICT CRITERIA IN THE AREAS OF FEASIBILITY, IMPACT, READINESS FOR EXECUTION, AND ENVIRONMENTAL FRIENDLINESS.


THE ANNUAL EXCHANGE EVENT SHOWCASES TEN SOLUTIONS, GENERATED FROM AN ANNUAL GLOBAL CALL FOR SOLUTIONS, HIGHLIGHTING DIFFERENT PERSPECTIVES AND APPROACHES. EACH YEAR, INDIVIDUALS AND ORGANIZATIONS FROM DIVERSE FIELDS WITH EXPERTISE MANAGING GLOBAL ISSUES MEET IN SAVANNAH, GEORGIA. THE WORLD-CLASS SOLUTIONS ARE PRESENTED ON THE FOCUS SELECTED FOR THE CURRENT YEAR. THE NAVIGATOR AWARD IS AWARDED TO THE BEST SOLUTION PRESENTED. ATTENDEES WORK FOR TWELVE MONTHS TO ADVANCE THE ADOPTION OF THE TEN SOLUTIONS AROUND THE GLOBE. THE ADVISORY BOARD OF GOVERNORS OF THE ORGANIZATION SELECTS THE RECIPIENT OF THE AWARD ACCORDING TO STRICT CRITERIA IN THE AREAS OF FEASIBILITY, IMPACT, READINESS FOR EXECUTION, AND ENVIRONMENTAL FRIENDLINESS.


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Board, Officers & Key Employees

Name (title)Compensation
Millicent Pitts
Ceo/executiv
$75,000
William Brennan
Chairman
$0
Phil Beierl
Director
$0
Patrik Dahlgren
Director
$0
Ann Carpenter
Director
$0
Jud Hill
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $22,700
All other contributions, gifts, grants, and similar amounts not included above$450,690
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$473,390
Total Program Service Revenue$7,821
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $481,774

Grants Awarded

Over the last fiscal year, Savannah Ocean Exchange has awarded $120,000 in support to 3 organizations.

Grant RecipientAmount

ELEMENT RESOURCES

PURPOSE: OCEAN CONSERVATION

$100,000

OCEAN RESCUE ALLIANCE

PURPOSE: OCEAN CONSERVATION

$10,000

E-WAVE

PURPOSE: OCEAN CONSERVATION

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Savannah Ocean Exchange has recieved totaling $31,000.

Awarding OrganizationAmount
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$20,000
Organization Name not Listed

PURPOSE: COLLEGIATE INNOVATION AWARD

|

$11,000
View Grant Recipient Profile

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