Ocean First Institute
- Assets
- $145.9k
- Revenue
- $432.5k
- Investments
- $60.2k
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 05/2015
- Data as of
- 06/2023
- EIN
- 47-1716881
Organization Overview
Ocean First Institute is located in Boulder, CO. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean First Institute 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 06/2023, Ocean First Institute generated $432.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $403.7k during the year ending 06/2023. While expenses have increased by 15.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OCEAN FIRST INSTITUTE IS OCEAN CONSERVATION THROUGH RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. NORTHERN REDBELLY DACE RECOVERY PROJECTFUNDED BY BOULDER COUNTY PARKS AND OPEN SPACE FOUNDATIONLAUREN TOWNSEND MEMORIAL FUNDOUR SPECIES CONSERVATION PROJECTS ARE AWARD-WINNING, HANDS-ON, ENVIRONMENTAL EDUCATION PROGRAMS THAT INVOLVE STUDENTS IN SUBSTANTIVE CONSERVATION EFFORTS. THIS PAST YEAR, THE NORTHERN REDBELLY DACE RECOVERY AND RESTORATION PROJECT TAUGHT STUDENTS CONSERVATION BIOLOGY THROUGH AQUACULTURE HABITAT AND SPECIES RESTORATION. STUDENTS LEAD EVERY STEP OF THE PROCESS FROM BREEDING TO FEEDING TO SPECIES RELEASE AND MONITORING. THIS PROJECT WAS A COLLABORATION WITH GOVERNMENT AGENCIES AND LOCAL COMMUNITY LEADERS AND HAD A POSITIVE IMPACT ON MULTIPLE COMMUNITIES IN COLORADO.
2. PLASTIC POLLUTION MONITORING PROGRAM FUNDED BY SCIENTIFIC CULTURAL FACILITIES DISTRICT THIS EDUCATIONAL OUTREACH PROGRAM ENGAGES STUDENTS AND EDUCATORS FROM 6 COUNTIES ALONG THE FRONT RANGE OF COLORADO IN FIELD RESEARCH AND INNOVATIVE CONSERVATION THINKING. OCEAN FIRST INSTITUTE SCIENCE EDUCATORS WORK WITH TEACHERS IN MIDDLE AND HIGH SCHOOLS TO CONSTRUCT LESSONS ABOUT WATER QUALITY AND POLLUTION, TAKE STUDENTS OUT INTO THE FIELD TO COLLECT WATER AND SEDIMENT SAMPLES, ANALYZE THE SAMPLES AND CONCEPTUALIZE POTENTIAL SOLUTIONS. THIS PROGRAM CULMINATES IN STUDENT SOLUTIONS SUMMIT, WHERE STUDENTS SHARE WHAT THEY HAVE LEARNED WITH THEIR COMMUNITIES.
3. OCEAN FIRST DISCOVERY CENTER COURSES OCEAN FIRST INSTITUTE (OFI) SCIENTISTS CONTINUE TO PARTNER WITH EDUCATIONAL INSTITUTIONS AND SCIENTIFIC ORGANIZATIONS TO CONDUCT ONGOING MARINE SCIENCE RESEARCH ALL OVER THE WORLD. THIS CURRENT AND ONGOING RESEARCH INFORMS OFI'S EDUCATIONAL OUTREACH AND INSPIRES INNOVATION AND CONSERVATION IN LOCAL COMMUNITIES. OUR RESEARCH IS A CENTERPIECE TO OUR GOAL TO BRING THE REEF TO THE ROCKIES AND INSPIRE A NEW GENERATION OF ENVIRONMENTAL SCIENTISTS AND STEWARDS.OFI FOCUSES ON EDUCATIONAL OUTREACH TO PRIMARILY MIDDLE AND HIGH SCHOOL STUDENTS. WE CUSTOMIZE MARINE SCIENCE EDUCATION PROGRAMS TO INDIVIDUAL SCHOOLS AND CLASSROOMS. WE ALSO OFFER AFTER SCHOOL AND SUMMER PROGRAMMING TO SUPPLEMENT AND ENHANCE K12 SCIENCE STUDENT LEARNING. OUR GOAL IS TO INTRODUCE THE WONDERS OF THE OCEAN TO STUDENTS WHO WOULD OTHERWISE NEVER HAVE THE CHANCE TO EXPERIENCE AND LEARN ABOUT THEM THROUGH HANDS-ON, HIGH QUALITY MARINE SCIENCE EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Graham Casden Founder/board Chair | Trustee | 2 | $0 |
Brooke Beadle-Anderson Board Vice-Chair | Officer | 1 | $0 |
Jacquie Mckenna Board Secretary | Officer | 1 | $0 |
Todd Sanford Board Treasurer | Officer | 1 | $0 |
Zuhirah Khaldun-Diarra Board Member | Officer | 1 | $0 |
Ari Frielaender Board Member | Officer | 1 | $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 | $280,040 |
| Noncash contributions included in lines 1a–1f | $97,225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,040 |
| Total Program Service Revenue | $162,604 |
| Investment income | $52 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,300 |
| Net Income from Fundraising Events | $1,598 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,532 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,526 |
| 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. | $84,814 |
| Compensation of current officers, directors, key employees. | $84,814 |
| Compensation to disqualified persons | $155,851 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68 |
| 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 | $0 |
| Advertising and promotion | $144 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,448 |
| 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 | $6,767 |
| Insurance | $12,937 |
| All other expenses | $15,500 |
| Total functional expenses | $403,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,581 |
| Savings and temporary cash investments | $207 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,686 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $27,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $60,246 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,850 |
| Accounts payable and accrued expenses | $0 |
| 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 | $54,320 |
| Total liabilities | $54,320 |
| Net assets without donor restrictions | $0 |
| 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 | $91,530 |
| Total liabilities and net assets/fund balances | $145,850 |