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 06/2022, Ocean Foundation employed 42 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 06/2022, Ocean Foundation generated $11.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $11.5m during the year ending 06/2022. While expenses have increased by 10.3% per year over the past 7 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 119 individual grants totaling $4,484,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OCEAN FDN IS A UNIQUE COMMUNITY FOUNDATION WITH A MISSION TO SUPPORT, STRENGTHEN, AND PROMOTE THOSE ORGANIZATIONS DEDICATED TO REVERSING THE TREND OF DESTRUCTION OF OCEAN ENVIRONMENTS AROUND THE WORLD. OUR SLOGAN IS "TELL US WHAT YOU WANT TO DO"
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.
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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark J Spalding President | Officer | 60 | $300,258 |
Shana Miller Program Director | 40 | $143,992 | |
Tamika Washington Finance & Operations Director | 40 | $132,340 | |
Kate Morrison Strategic Partnerships Director | 40 | $127,300 | |
Maria Alej Navarrete Hernandez Govt & Multinationals Liason Officer | 40 | $113,400 | |
David Gershman Program Officer | 40 | $111,583 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Kalas Consulting Inc Consulting | 6/29/22 | $109,970 |
Blue Planet Strategies Llc Consulting | 6/29/22 | $142,589 |
Merello Marine Consulting Llc Consulting | 6/29/22 | $148,100 |
Nai'a Lewis Consulting | 6/29/22 | $127,481 |
Sonja Fordham Consulting | 6/29/22 | $108,028 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $704,037 |
All other contributions, gifts, grants, and similar amounts not included above | $10,410,586 |
Noncash contributions included in lines 1a–1f | $35,517 |
Total Revenue from Contributions, Gifts, Grants & Similar | $11,114,623 |
Total Program Service Revenue | $637,529 |
Investment income | $7,148 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $38,340 |
Net Gain/Loss on Asset Sales | -$1,106 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $11,796,534 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $732,828 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $1,012,900 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $337,479 |
Compensation of current officers, directors, key employees. | $16,874 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,648,579 |
Pension plan accruals and contributions | $156,958 |
Other employee benefits | $231,020 |
Payroll taxes | $237,868 |
Fees for services: Management | $0 |
Fees for services: Legal | $22,802 |
Fees for services: Accounting | $25,001 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,150,294 |
Advertising and promotion | $4,747 |
Office expenses | $206,741 |
Information technology | $48,280 |
Royalties | $0 |
Occupancy | $227,671 |
Travel | $725,351 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $139,945 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $22,838 |
Insurance | $65,917 |
All other expenses | $0 |
Total functional expenses | $11,541,472 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $129,116 |
Savings and temporary cash investments | $2,226,095 |
Pledges and grants receivable | $3,901,313 |
Accounts receivable, net | $109,685 |
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 | $45,736 |
Net Land, buildings, and equipment | $32,228 |
Investments—publicly traded securities | $937,370 |
Investments—other securities | $9,300,000 |
Investments—program-related | $0 |
Intangible assets | $22,980 |
Other assets | $11,161 |
Total assets | $16,715,684 |
Accounts payable and accrued expenses | $796,830 |
Grants payable | $0 |
Deferred revenue | $62,979 |
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 | $200,975 |
Total liabilities | $1,060,784 |
Net assets without donor restrictions | $11,829,937 |
Net assets with donor restrictions | $3,824,963 |
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 | $16,715,684 |
Over the last fiscal year, Ocean Foundation has awarded $675,413 in support to 22 organizations.
Grant Recipient | Amount |
---|---|
CONSERVACION CONCIENCIA PURPOSE: general ops support | $138,900 |
Vieques, PR PURPOSE: support habitat restoration | $62,736 |
Boston, MA PURPOSE: Great Marsh Blue Feasibility Study | $50,000 |
Atlanta, GA PURPOSE: general ops support | $45,728 |
Washington, DC PURPOSE: DNA analysis of Mangrove forests | $42,783 |
Mangilao, GU PURPOSE: Support for climate strong island | $35,000 |
Over the last fiscal year, we have identified 57 grants that Ocean Foundation has recieved totaling $4,515,319.
Awarding Organization | Amount |
---|---|
Pew Charitable Trusts Washington, DC PURPOSE: Policy | $1,769,432 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $502,667 |
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: TO SUPPORT OUTREACH AND EDUCATION FOR FISHERIES SCIENCE AND MANAGEMENT AND OCEAN HABITAT CONSERVATION. | $275,000 |
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: TO SUPPORT OUTREACH AND EDUCATION FOR FISHERIES SCIENCE AND MANAGEMENT AND OCEAN HABITAT CONSERVATION. | $275,000 |
Pew Charitable Trusts Washington, DC PURPOSE: Policy | $233,497 |
Vranos Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
Greenpeace Fund Inc Washington, DC | $50,941,400 | $35,132,276 |
Ocean Foundation Washington, DC | $16,715,684 | $11,796,534 |
Casey Trees Washington, DC | $172,847,152 | $12,912,078 |
Virginia Environmental Endowment Richmond, VA | $39,141,964 | $1,790,193 |
Lewis Ginter Botanical Garden Foundation Richmond, VA | $28,483,721 | $2,256,902 |
Ajp Educational Foundation Inc Falls Church, VA | $978,918 | $1,563,640 |
Horticultural Research Institute Endowment Fund Inc Washington, DC | $20,650,624 | $2,143,577 |
Roatan Marine Park International Inc Frederick, MD | $10,468 | $0 |
Okane Family Foundation Inc Great Falls, VA | $4,416,415 | $156,720 |
Youth Learning As Citizen Environmental Scientists Washington, DC | $14,577 | $0 |
National Waterways Foundation Washington, DC | $183,351 | $0 |
Betty Huse M D Charitable Foundation Baltimore, MD | $983,979 | $108,347 |