Ocean Foundation
- Assets
- $21.9m
- Revenue
- $18.9m
- Investments
- $13.0m
- Employees
- 50
- Location
- Washington, DC
- Founding
- 05/2002
- Data as of
- 06/2023
- EIN
- 71-0863908
Organization Overview
Ocean Foundation is located in Washington, DC. The organization was established in 2002. 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 06/2023, Ocean Foundation employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean 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 06/2023, Ocean Foundation generated $18.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $15.9m during the year ending 06/2023. While expenses have increased by 16.8% per year over the past 6 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.
Since 2015, Ocean Foundation has awarded 141 individual grants totaling $5,497,472. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS THE ONLY COMMUNITY FOUNDATION FOR THE OCEAN, THE OCEAN FOUNDATION'S MISSION IS TO IMPROVE GLOBAL OCEAN HEALTH, CLIMATE RESILIENCE, AND THE BLUE ECONOMY. WE CREATE PARTNERSHIPS TO CONNECT ALL PEOPLES IN THE COMMUNITIES IN WHICH WE WORK TO THE INFORMATIONAL, TECHNICAL AND FINANCIAL RESOURCES THEY NEED TO ACHIEVE THEIR OCEAN STEWARDSHIP GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROTECTING SPECIES OF CONCERN - FOR MANY OF US, OUR FIRST INTEREST IN THE OCEANS BEGAN WITH AN INTEREST IN THE LARGE ANIMALS THAT CALL IT HOME. WHETHER IT BE THE AWE INSPIRED BY A GENTLE HUMPBACK WHALE, THE UNDENIABLE CHARISMA OF A CURIOUS DOLPHIN, OR THE FEROCIOUS GAPING MAW OF A GREAT WHITE SHARK, THESE ANIMALS ARE MORE THAN JUST THE AMBASSADORS OF THE SEA. THESE APEX PREDATORS AND KEYSTONE SPECIES KEEP THE OCEAN ECOSYSTEM IN BALANCE, AND THE HEALTH OF THEIR POPULATIONS OFTEN SERVES AS AN INDICATOR FOR THE HEALTH OF THE OCEANS AS A WHOLE.
BUILDING THE CAPACITY OF THE MARINE CONSERVATION COMMUNITY - THERE ARE MANY OUTSTANDING CONSERVATION ORGANIZATIONS DEDICATED TO PROTECTING AND PRESERVING OUR OCEANS. THE OCEAN FOUNDATION PROVIDES ASSISTANCE TO THESE ENTITIES, WHICH HAVE A NEED TO DEVELOP A CERTAIN SKILL OR COMPETENCE, OR FOR GENERAL UPGRADING OF PERFORMANCE ABILITY. THE OCEAN FOUNDATION WAS CREATED IN PART TO BRING NEW FINANCIAL AND TECHNICAL RESOURCES TO THE TABLE SO THAT WE CAN INCREASE THE CAPACITY OF THESE ORGANIZATIONS TO PURSUE THEIR MISSIONS.
EXPANDING OCEAN LITERACY AND PUBLIC AWARENESS - ONE OF THE MOST SIGNIFICANT BARRIERS TO PROGRESS IN THE MARINE CONSERVATION SECTOR IS A LACK OF REAL UNDERSTANDING ABOUT THE VULNERABILITY AND CONNECTIVITY OF OCEAN SYSTEMS. IT IS EASY TO THINK OF THE OCEANS AS VAST, ALMOST UNLIMITED SOURCES OF FOOD AND RECREATION WITH ABUNDANT ANIMALS, PLANTS, AND PROTECTED SPACES. THUS, IT CAN BE DIFFICULT TO SEE THE DESTRUCTIVE CONSEQUENCES OF HUMAN ACTIVITIES ALONG THE COAST AND BELOW THE SURFACE. THIS LACK OF AWARENESS CREATES A SIGNIFICANT NEED FOR PROGRAMS THAT EFFECTIVELY COMMUNICATE HOW THE HEALTH OF OUR OCEANS RELATES TO CLIMATE CHANGE, THE GLOBAL ECONOMY, BIODIVERSITY, HUMAN HEALTH, AND OUR QUALITY OF LIFE.
PROTECTING MARINE HABITATS AND SPECIAL PLACES - OUR OCEANS ARE A MOSAIC OF SPECIAL PLACES, FROM THE BUSTLING VIBRANCY OF CORAL REEFS TO THE TIDAL POOLS OF THE ROCKY COASTS TO THE STARK, GLISTENING BEAUTY OF THE FROZEN ARCTIC. THESE HABITATS AND ECOSYSTEMS ARE MORE THAN JUST PICTURESQUE; THEY ALL PROVIDE VITAL BENEFITS TO THE HEALTH OF THE OCEAN, THE PLANTS AND ANIMALS THAT LIVE IN THEM, AND THE HUMAN COMMUNITIES THAT DEPEND ON THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark J Spalding President | Officer | 60 | $331,854 |
Shana Miller Program Director | Officer | 40 | $157,210 |
Tamika Washington Finance & Operations Director | 40 | $146,451 | |
Kate Morrison Strategic Partnerships Director | 40 | $140,884 | |
Maria Alej Navarrete Hernandez Govt & Multinationals Liason Officer | 40 | $123,385 | |
Jason Donofrio Chief Development Officer | 40 | $122,222 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Planet Strategies Llc Consulting | 6/29/23 | $166,693 |
Kalas Consulting Inc Consulting | 6/29/23 | $103,800 |
Merello Marine Consulting Llc Consulting | 6/29/23 | $413,400 |
Sonja Fordham Consulting | 6/29/23 | $117,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,628,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,593,275 |
| Noncash contributions included in lines 1a–1f | $3,920,109 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,221,692 |
| Total Program Service Revenue | $1,429,068 |
| Investment income | $38,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,520 |
| Net Gain/Loss on Asset Sales | $4,302 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,854,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,040,509 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,474,328 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $534,426 |
| Compensation of current officers, directors, key employees. | $18,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,162,615 |
| Pension plan accruals and contributions | $183,626 |
| Other employee benefits | $276,113 |
| Payroll taxes | $289,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $155,494 |
| Fees for services: Accounting | $34,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,269 |
| Fees for services: Other | $4,882,025 |
| Advertising and promotion | $59,199 |
| Office expenses | $180,308 |
| Information technology | $94,848 |
| Royalties | $0 |
| Occupancy | $221,725 |
| Travel | $1,267,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $235,439 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,679 |
| Insurance | $71,228 |
| All other expenses | $0 |
| Total functional expenses | $15,869,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,983 |
| Savings and temporary cash investments | $1,591,538 |
| Pledges and grants receivable | $3,410,368 |
| Accounts receivable, net | $408,478 |
| 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 | $82,252 |
| Net Land, buildings, and equipment | $25,650 |
| Investments—publicly traded securities | $1,506,365 |
| Investments—other securities | $13,015,000 |
| Investments—program-related | $0 |
| Intangible assets | $10,833 |
| Other assets | $1,606,415 |
| Total assets | $21,935,882 |
| Accounts payable and accrued expenses | $831,128 |
| Grants payable | $0 |
| Deferred revenue | $366,523 |
| 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 | $1,930,742 |
| Total liabilities | $3,128,393 |
| Net assets without donor restrictions | $16,014,132 |
| Net assets with donor restrictions | $2,793,357 |
| 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 | $21,935,882 |
Grants Awarded
Over the last fiscal year, Ocean Foundation has awarded $1,013,472 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ATTAGENE INC PURPOSE: general ops support | $12,240 |
BRICK CITY TV LLC PURPOSE: general ops support | $194,936 |
COASTAL CORDINATION PRGM PURPOSE: general ops support | $13,650 |
DEEP GREEN WILDERNESS PURPOSE: general ops support | $58,000 |
CONSERVACION CONCIENCIA PURPOSE: general ops support | $192,844 |
EAST CAROLINA UNIVERSITY PURPOSE: support underwater | $12,395 |