Global Fishing Watch Inc
- Assets
- $68.8m
- Revenue
- $69.5m
- Investments
- $0.0
- Employees
- 33
- Location
- Washington, DC
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 81-5461345
Organization Overview
Global Fishing Watch Inc is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2023, Global Fishing Watch Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Fishing Watch 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 12/2023, Global Fishing Watch Inc generated $69.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 71.1% each year . All expenses for the organization totaled $13.2m during the year ending 12/2023. While expenses have increased by 47.8% 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 2018, Global Fishing Watch Inc has awarded 25 individual grants totaling $2,779,210. 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
ADVANCING OCEAN GOVERNANCE VIA TRANSPARENCY OF DATA AND OCEAN MANAGEMENT TOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL FISHING WATCH (GFW) CONTINUES TO PLAY A STRATEGIC ROLE IN THE GLOBAL CONSERVATION COMMUNITY, SEEKING TO KEEP THE HEALTH OF THE OCEAN AND THE RESOURCES IT PRODUCES ON THE INTERNATIONAL AGENDA. TRANSPARENCY IS IN THE SPOTLIGHT, AND OUR TECHNOLOGY, TOOLS, AND COLLABORATIVE INSIGHTS ARE IN DEMAND.OUR TOOLS AND TECHNOLOGY REMAIN AT THE CUTTING EDGE, AS EVIDENCED BY OUR SECURING US $60M FROM THE AUDACIOUS PROJECT, ALONG WITH OTHER SIGNIFICANT NEW FUNDING, TO CONTINUE REVOLUTIONIZING OCEAN MANAGEMENT AND POWER OUR AMBITIOUS GOAL OF REVEALING ALL HUMAN ACTIVITY AT SEA.TRANSPARENCY AT SEA: WE MADE OUR DATA AND TECHNOLOGY MORE ACCESSIBLE TO EVERYONE THROUGH OUR API PORTAL AND DELIVERED THE MARINE MANAGER PORTAL GLOBALLY, ENABLING ANY SITE, MANAGER, OR NGO TO EXPLORE BIOLOGICAL, OCEANOGRAPHIC, AND HUMAN ACTIVITY DATA.
OCEAN MONITORING: WE CONTINUE TO PROVIDE INFORMATION ON VESSELS TRANSMITTING AIS AND STREAMLINE THE PROCESS OF GETTING INFORMATION ON THOSE VESSELS' MOVEMENTS AND EVENTS IN A SIMPLE WEB PORTAL. OUR PLATFORM NOW INCLUDES FIXED INFRASTRUCTURE LIKE WIND AND OIL DETECTED FROM SENTINEL-1 SATELLITE CONSTELLATION SYNTHETIC APERTURE RADAR (SAR), ALLOWING USERS TO SEE VESSEL INTERACTIONS. WE HAVE ALSO INCLUDED NEW BIODIVERSITY AND ENVIRONMENTAL LAYERS TAKEN FROM GOOGLE EARTH ENGINE, COPERNICUS AND NOAA TO IMPROVE THE UNDERSTANDING OF INTERACTION WITH FISHING.
RESEARCH: BY THE END OF 2023, OUR RESEARCH TEAM HELPED PUBLISH 7 MORE PAPERS, BRINGING THE TOTAL TO 55 AND THE TOTAL NUMBER OF CITATIONS FOR GLOBAL FISHING WATCH RESEARCH TO 4571.MORE INFORMATION ABOUT GLOBAL FISHING WATCH'S ONGOING PROGRAMS CAN BE FOUND AT WWW.GLOBALFISHIGNWATCH.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Sullivan Chair | OfficerTrustee | 2 | $0 |
Christopher Costello Vice Chair Until 03/2023 | OfficerTrustee | 2 | $0 |
Melissa Wright Vice Chair As Of 03/2023 | OfficerTrustee | 1 | $0 |
Heather Stevens Secretary | OfficerTrustee | 2 | $0 |
Andrew Sharpless Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Allen Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mototech Inc Management & Tech. Services | 12/30/23 | $1,137,385 |
Spire Software Engineering & Design | 12/30/23 | $373,500 |
Satellite Studio Digitai Sl Software Engineering & Design | 12/30/23 | $262,622 |
Quantifind Inc Data Analytics | 12/30/23 | $250,000 |
Q5 Inc Consulting | 12/30/23 | $183,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $996,354 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,673,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,669,413 |
| Total Program Service Revenue | $255,422 |
| Investment income | $522,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $69,478,777 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $718,704 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $416,803 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $873,096 |
| Compensation of current officers, directors, key employees. | $221,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,097,061 |
| Pension plan accruals and contributions | $162,060 |
| Other employee benefits | $442,524 |
| Payroll taxes | $441,136 |
| Fees for services: Management | $172,323 |
| Fees for services: Legal | $14,107 |
| Fees for services: Accounting | $48,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,663,349 |
| Advertising and promotion | $276,837 |
| Office expenses | $86,726 |
| Information technology | $185,247 |
| Royalties | $0 |
| Occupancy | $17,435 |
| Travel | $806,399 |
| 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 | $11,653 |
| Insurance | $57,369 |
| All other expenses | $676,694 |
| Total functional expenses | $13,167,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,940 |
| Savings and temporary cash investments | $6,789,378 |
| Pledges and grants receivable | $36,616,597 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $46,695 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $516,419 |
| Net Land, buildings, and equipment | $9,514 |
| Investments—publicly traded securities | $24,248,101 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $147,443 |
| Total assets | $68,778,087 |
| Accounts payable and accrued expenses | $1,165,884 |
| Grants payable | $0 |
| Deferred revenue | $100,198 |
| 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 | $5,325 |
| Total liabilities | $1,271,407 |
| Net assets without donor restrictions | $25,586,993 |
| Net assets with donor restrictions | $41,919,687 |
| 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 | $68,778,087 |
Grants Awarded
Over the last fiscal year, Global Fishing Watch Inc has awarded $718,704 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: RESEARCH TO SECURE A SAFE PLACE FOR SMALL SCALE FISHERIES IN AN INCREASINGLY CROWDED OCEAN. | $159,052 |
INTERNATIONAL MONITORING CONTROL AND SURVEILLANCE NETWORK FOR FISHERIES PURPOSE: SMALL PORT INSPECTION STRENGTHENING | $62,028 |
SKYTRUTH INC PURPOSE: TO ADVANCE THE OPEN OCEAN PROJECT BY MAPPING AND MONITORING THE OCEAN AND CLIMATE IMPACTS OF OFFSHORE FOSSIL FUEL PRODUCTION, EXPANSION, AND TRANSPORT. | $497,624 |