Khaled Bin Sultan Living Oceans Foundation is located in Annapolis, MD. The organization was established in 2001. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, 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. Khaled Bin Sultan Living Oceans Foundation 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 12/2022, Khaled Bin Sultan Living Oceans Foundation generated $579.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $611.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY IN 2022, THE FOUNDATION'S SCIENCE TEAM JOINED THE UNIVERSITY OF MIAMI'S AIRCRAFT CENTER FOR EARTH STUDIES TO MAP THE REEFS OF LANAI, HAWAII USING DRONE TECHNOLOGY. KSLOF CONTINUES TO WORK WITH THE PACIFIC BLUE FOUNDATION TO AUTOMATE THE ANALYSIS OF CORAL TRANSECT PHOTOS. NASA FULLY INCORPORATED MAPPING DATA INTO THEIR NEURAL NETWORK, HELPING TO MAKE THEIR CORAL REEF MAPS MORE ACCURATE. KSLOF SUPPORTED CONSERVATION EFFORTS IN SAUDI ARABIA WITH NEW RELATIONSHIP WITH THE NATIONAL CENTER FOR WILDLIFE. OUR PARTNERS AT THE UNIVERSITY OF MIAMI UTILIZED THE GLOBAL REEF EXPEDITION FIELD DATASET TO BUILD A MODEL THAT CAN PREDICT CORAL COVER AND OTHER METRICS OF CORAL REEF HEALTH USING OPEN-SOURCE SATELLITE DATA. WE COLLABORATED WITH OUR PARTNERS AT THE UNIVERSITY OF MIAMI ON A PROJECT THAT USES SEDIMENT SAMPLES COLLECTED ON THE GLOBAL REEF EXPEDITION TO ASSESS THE LONG-TERM HEALTH OF CORAL REEFS.
THE KSLOF'S COMMITMENT TO OCEAN CONSERVATION AND EDUCATION IS EVIDENT THROUGH VARIOUS INITIATIVES. THE ANNUAL SCIENCE WITHOUT BORDERS CHALLENGE IS AN INTERNATIONAL ART CONTEST PROMOTING OCEAN CONSERVATION. THIS YEAR'S THEME, "RIDGE TO REEF," ENCOURAGED PARTICIPANTS TO SHOWCASE CORAL REEF PRESERVATION ACTIONS FROM LAND TO SEA. KSLOF ALSO RESUMED THE JAMAICA AWARENESS OF MANGROVES IN NATURE (J.A.M.I.N.) PROGRAM AND SUCCESSFULLY FULFILLED THE MANGROVE DEVELOPMENT, EDUCATION, AWARENESS, AND LIVELIHOODS (MANGROVE DEALS) GRANT. THEY'VE EXPANDED EDUCATIONAL RESOURCES, INCLUDING LAUNCHING TWO NEW UNITS WITHIN THE CORAL REEF ECOLOGY CURRICULUM, THANKS TO SUPPORT FROM THE MURRAY FOUNDATION. COLLABORATING WITH K2 STUDIOS, THEY CREATED A MIDDLE SCHOOL EDUCATOR'S GUIDE. A GRANT FROM THE NATIONAL GEOGRAPHIC SOCIETY FACILITATED CURRICULUM DEVELOPMENT ADDRESSING THE IMPACT OF COVID-19 ON MARINE NOISE POLLUTION AND SPERM WHALES.
IN 2022, KSLOF MADE GREAT STRIDES TO ADVANCE OUR MISSION TO PROTECT AND CONSERVE THE OCEANS. A PIVOTAL MOMENT WAS OUR PARTICIPATION IN THE INTERNATIONAL CORAL REEF SYMPOSIUM (ICRS), WHERE WE SHARED OUR FINDINGS FROM THE GLOBAL REEF EXPEDITION WITH THE INTERNATIONAL CORAL REEF COMMUNITY. WE ALSO FORMED NEW PARTNERSHIPS WITH LIKE-MINDED ORGANIZATIONS, WORKING ACROSS BORDERS AND BOUNDARIES TO IMPROVE THE HEALTH OF OUR OCEANS. THIS INCLUDED RAISING AWARENESS OF THE ROLE OF MARINE SCIENCE IN PROMOTING SUSTAINABLE DEVELOPMENT BY SPEAKING AT THE GLOBAL DIWAN'S BLUE AND GREEN SECURITY FORUM IN FRANCE, PARTICIPATING IN UNESCO'S SECOND FOUNDATIONS DIALOGUE MEETING IN MOROCCO, AND ENDORSING THE BOUKNADEL STATEMENT AT THE UN OCEAN CONFERENCE IN PORTUGAL. WE ALSO PARTNERED WITH THE INTERNATIONAL MASTER OF SCIENCE IN MARINE BIOLOGICAL RESOURCES (IMBRSEA) PROGRAM TO LAUNCH A NEW INTERNSHIP PROGRAM TO HELP STUDENTS GAIN REAL-WORLD EXPERIENCE IN MARINE SCIENCE COMMUNICATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hrh Prince Khaled Bin Sultan Chairman And President | 1 | $0 | |
General Charles Horner Vice Chairman | 1 | $0 | |
Ian Fair Chief Financial Officer | 5 | $0 | |
Shawn Mclaughlin Secretary | 1 | $0 | |
Abdulaziz Abuzinada Director | 1 | $0 | |
Mohamed Faisal Lead Scientist | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
University Of Miami | 12/30/20 | $56,475 |
Sea From Space Inc | 12/30/20 | $52,629 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $550,412 |
Interest on Savings | $127 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $29,243 |
Total Revenue | $579,782 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $341,794 |
Pension plans, employee benefits | $54,092 |
Interest | $0 |
Taxes | $26,441 |
Depreciation | $2,102 |
Occupancy | $0 |
Travel, conferences, and meetings | $25,094 |
Printing and publications | $162 |
Other expenses | $32,775 |
Total operating and administrative expenses | $611,584 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $611,584 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $30,263 |
Savings and temporary cash investments | $395,035 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,868 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $4,015 |
Other assets | $0 |
Total assets | $431,181 |
Accounts payable and accrued expenses | $150,819 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $75,000 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $225,819 |
Over the last fiscal year, Khaled Bin Sultan Living Oceans Foundation has awarded $47,488 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
SEA FROM SPACE INC PURPOSE: GENERAL SUPPORT | $12,744 |
SEA FROM SPACE INC PURPOSE: GENERAL SUPPORT | $12,744 |
SEA FROM SPACE INC PURPOSE: GENERAL SUPPORT | $11,000 |
SEA FROM SPACE INC PURPOSE: GENERAL SUPPORT | $11,000 |