Beneath The Waves Inc
- Assets
- $484.6k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Herndon, VA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-3461387
Organization Overview
Beneath The Waves Inc is located in Herndon, VA. The organization was established in 2014. According to its NTEE Classification (D30) the organization is classified as: Wildlife Preservation & Protection, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Beneath The Waves Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beneath The Waves 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 12/2021, Beneath The Waves Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BENEATH THE WAVES IS DEDICATED TO ADVANCING THE CONSERVATION OF SHARKS AND THE HABITATS THEY OCCUPY THROUGH CUTTING-EDGE, POLICY-RELEVANT SCIENTIFIC RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH - CONDUCTING RESEARCH TO ADVANCE THE CONSERVATION OF SHARKS.
DIGITAL MEDIA - CREATING MARKETING ASSETS AND OUTREACH TOOLS TO RAISE AWARENESS AND PROMOTE CONSERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Gallagher PHD Chairman | OfficerTrustee | 40 | $109,200 |
Rosemary Mann Vice President | OfficerTrustee | 0.5 | $0 |
Jeffrey King Secretary | OfficerTrustee | 0.5 | $0 |
Malik Adunni Director | Trustee | 0.5 | $0 |
Steven Feron Director | Trustee | 0.5 | $0 |
Marko Dimitrijevic Director | Trustee | 0.5 | $0 |
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 | $1,995,465 |
| Noncash contributions included in lines 1a–1f | $1,304,110 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,995,465 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $297 |
| 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 | $1,995,768 |
| 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. | $109,200 |
| Compensation of current officers, directors, key employees. | $309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,262 |
| Pension plan accruals and contributions | $600 |
| Other employee benefits | $0 |
| Payroll taxes | $70,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,077 |
| Fees for services: Accounting | $15,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,699 |
| Advertising and promotion | $44,683 |
| Office expenses | $21,255 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $125,713 |
| 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 | $23,043 |
| Insurance | $18,490 |
| All other expenses | $2,915 |
| Total functional expenses | $2,040,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,009 |
| Savings and temporary cash investments | $19,739 |
| Pledges and grants receivable | $0 |
| 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 | $320,808 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $484,556 |
| Accounts payable and accrued expenses | $44,785 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,000 |
| Total liabilities | $59,785 |
| Net assets without donor restrictions | $424,771 |
| Net assets with donor restrictions | $0 |
| 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 | $484,556 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Beneath The Waves Inc has recieved totaling $79,057.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $45,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,000 |
National Geographic Society Washington, DC PURPOSE: Research Grant | $13,000 |
Buchanan Family Foundation Inc Potomac, MD PURPOSE: CHARITABLE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frankfurt Zoological Society Us Inc Washington, DC | $4,642,427 | $10,080,783 |
Theodore Roosevelt Conservation Partnership Inc Washington, DC | $6,861,386 | $7,861,411 |
Green America Washington, DC | $18,482,035 | $8,579,763 |
International Seafood Sustainability Foundation Washington, DC | $1,468,518 | $4,363,726 |
Wildlife Habitat Council Inc Bethesda, MD | $2,014,255 | $2,653,966 |
Beneath The Waves Inc Herndon, VA | $484,556 | $1,995,768 |
Eco Activists For Governance And Law Enforcement Fairfax, VA | $79,961 | $1,255,896 |
Sylvan Heights Waterfowl Park And Eco-Center Inc Scotland Neck, NC | $3,553,226 | $1,442,637 |
Friends Of Bonobos Durham, NC | $382,176 | $1,290,531 |
Wing Haven Foundation Incorporated Charlotte, NC | $11,550,689 | $2,542,876 |
Tune In To Nature Org Asheville, NC | $1,218,932 | $1,115,463 |
Catmosphere Foundation Inc Sterling, VA | $317,855 | $250,000 |