Towle Ocean Conservation Foundation
- Assets
- $970.0k
- Revenue
- $103.2k
- Investments
- $843.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-4038250
Organization Overview
Towle Ocean Conservation Foundation is located in Wilmington, DE. The organization was established in 2016. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, 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. Towle Ocean Conservation 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, Towle Ocean Conservation Foundation generated $103.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $33.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher J Towle Pres, Dir, Sec, Treas | 10 | $0 | |
Erica K Towle VP | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,000 |
| Interest on Savings | $147 |
| Dividends & Interest | $19,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,595 |
| Capital Gain Net Income | $3,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,164 |
| Total operating and administrative expenses | $8,939 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $33,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $126,587 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $970,012 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Towle Ocean Conservation Foundation has awarded $58,941 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MIAMI PURPOSE: BG002353-RSMAS MARINE OPERATIONS FUND | $25,000 |
Provincetown, MA PURPOSE: TO PURCHASE MARINE EQUIPMENT AND FOR MARINE PROGRAMS: FLIGHT SUIT, LAPTOP COMPUTERS, LIFE JACKETS, LIFE JACKET HARNESS SETS, BOMBER FLOTATION JACKETS; RIGHT WHALE RESEARCH / RW INDEX SITE FIDELITY RESEARCH; MARINE DISENTANGLEMENT (MAER) | $23,941 |
BENEATH THE WAVES INC PURPOSE: FUNDS FOR RESEARCH COSTS ASSOCIATED WITH SEAGRASS AREA DATA COLLECTION AND RESEARCH LEADING TO MARINE PROTECTED AREA | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Resource Conservation And Development Inc Carlisle, PA | $207,381 | $1,125,341 |
East Park Leadership And Conservation Center Philadelphia, PA | $16,580,928 | $408,539 |
Shore Fund Pittsburgh, PA | $7,746,765 | $1,226,932 |
Environmental Endowment For New Jersey Inc Trenton, NJ | $5,545,511 | $1,299,856 |
Appleford Committee Villanova, PA | $2,160,475 | $852,791 |
Roatan Marine Park International Inc Frederick, MD | $10,468 | $0 |
Sky Foundation Wilmington, DE | $10,661,132 | $4,245,336 |
Five Below Foundation Philadelphia, PA | $3,154,673 | $1,000,575 |
Conservation Officers Of Pennsylvania Association Hummelstown, PA | $367,497 | $243,926 |
Fair Ways Foundation Paulsboro, NJ | $308,113 | $486,678 |
Mariton Wildlife Sanctuary And Philadelphia, PA | $2,795,248 | $130,692 |
Erm Group Foundation Inc Malvern, PA | $450,795 | $489,049 |