Walter Munk Foundation For The Oceans is located in La Jolla, CA. The organization was established in 2019. 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 12/2022, Walter Munk Foundation For The Oceans employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walter Munk Foundation For The Oceans 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, Walter Munk Foundation For The Oceans generated $677.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $607.7k during the year ending 12/2022. While expenses have increased by 32.3% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION IS TO CONTINUE WALTER MUNK'S LEGACY OF DARING EXPLORATION AND DISCOVERY THROUGH SCIENTIFIC RESEARCH, EDUCATION, AND OCEAN CONSERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WALTER MUNK FOUNDATION FOR THE OCEANS CONTINUES WALTER MUNK'S LEGACY OF DARING EXPLORATION AND DISCOVERY THROUGH SCIENTIFIC RESEARCH, EDUCATION AND OCEAN CONSERVATION WITH FOCUS ON INSPRING STEWARDSHIP THROUGH A VARIETY OF ACTIVITIES: - WALTER MUNK EDUCATIONAL PLAZA, LOCATED IN KELLOGG PARK (LA JOLLA SHORES), FEATURES THE MAP OF THE GRAND CANYONS OF LA JOLLA, A 2,434 SQ. FT. LITHOMOSAIC EDUCATIONAL TOOL DEPICTING THE UNDERWATER PARK AND ECOLOGICAL RESERVES OFFSHORE, ILLUSTRATING 123 LOCAL LIFE-SIZED SPECIES; MARINE PROTECTED AREAS; LOCAL DIVE SITES AND FEATURES; TIDEPOOLS; EDUCATIONAL PANELS. THE FOUNDATION HOSTS MEET ME AT THE MAP, DOCENT, AND BEACH CLEAN-UP PROGRAMS.- WE PROVIDE FIELD TRIPS TO THE MAP (OCEAN) FOR STUDENTS FROM THE SAN DIEGO'S UNDERSERVED COMMUNITIESAPPROXIMATELY 80% HAVE NEVER BEEN TO THE OCEAN!- WE HOST AN ANNUAL WALTER MUNK DAY ~ CELEBRATE OUR OCEANS EVENT TO RAISE AWARENESS OF THE FRAGILITY OF THE OCEANS AND OUR ENVIRONMENT AND INSPIRE STEWARDSHIP. IT INCLUDES 30+ EXHIBITORS WITH INTERACTIVE EDUCATIONAL OCEAN-RELATED ACTIVITIES FOR CHILDREN OF ALL AGES.
WALTER MUNK VISITED ALTAUSSEE, AUSTRIA IN AUGUST 2018 TO ARRANGE FOR AN EXPEDITION TO STUDY LAKE ALTAUSSEE IN THE SPRING OF 2019. IT WAS HIS WAY OF GIVING BACK TO HIS BOYHOOD COMMUNITY HE LOVED, BY PROVIDING INFORMATION ON THE LAKE THAT WOULD ALLOW THE COMMUNITY TO PRESERVE ITS PRISTINE ALPINE TREASURE. IT WAS A MULTI-DISCIPLINARY RESEARCH EFFORT TO OBTAIN A BETTER SCIENTIC UNDERSTANDING OF LAKE ALTAUSSEE IN TERMS OF ITS CULTURAL, ECOLOGICAL, AND GEOLOGICAL SIGNICANCE. OVER THE PAST FOUR YEARS, THE STUDY HAS EXPANDED TO INCLUDE 28 SCIENTISTS, RESEARCHERS, PHD AND MASTERS STUDENTS. ERWIN HEINE, PH.D., UNIVERSITY OF NATURAL RESOURCES AND APPLIED LIFE SCIENCE IN VIENNA IS THE PI FOR THE EXPEDITIONS. DIMITRI DEHEYN, PH.D., FROM SCRIPPS INSTITUTION OF OCEANOGRAPHY JOINED US TO WORK WITH THE LOCAL HIGH SCHOOL STUDENTS TO FURTHER HIS STUDY OF PLASTICS AND THEIR IMPACT IN THE LAKE AND THE SURROUNDING AREA. WE ARE ARRANGING A STUDENT EXCHANGE PROGRAM THAT WILL PROVIDE AN OPPORTUNITY FOR INTERNSHIPS IN DIMITRI DEHEYN'S LAB AT SCRIPPS.
WMFO SUPPORTS CONSERVATION EFFORTS FOR THE MOBULA MUNKIANA, WALTER'S NAMESAKE, THE SMALLEST OF THE MANTA RAYS, FOUND IN WARM AND TEMPERATE SEAS. IT IS CONSIDERED VULNERABLE DUE TO SHING BYCATCH PRESSURE AND HABITAT LOSS. THE FOUNDATION SUPPORTS SCIENTISTS AND ORGANIZATIONS CONDUCTING MOBULA MUNKIANA RESEARCH, CONSERVATION AND EDUCATION ACTIVITIES. THE GOAL IS TO ND EFFECTIVE CONSERVATION MEASURES TO PROTECT CRITICAL HABITAT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
George Orbelian Board Member | Trustee | 2 | $0 |
Chris Verlinden Board Member | Trustee | 2 | $0 |
Philip Mcgillivary Secretary | OfficerTrustee | 2 | $0 |
Patricia Cowett Board Member | Trustee | 2 | $0 |
Brook Darshana Board Member | Trustee | 2 | $0 |
Paula Selby Treasurer | OfficerTrustee | 12 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $40,000 |
All other contributions, gifts, grants, and similar amounts not included above | $625,505 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $665,505 |
Total Program Service Revenue | $11,775 |
Investment income | $0 |
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 | $677,777 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $43,988 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $8,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $96,144 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $564 |
Payroll taxes | $7,282 |
Fees for services: Management | $0 |
Fees for services: Legal | $76,512 |
Fees for services: Accounting | $9,749 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $98,308 |
Advertising and promotion | $56,933 |
Office expenses | $5,654 |
Information technology | $11,824 |
Royalties | $0 |
Occupancy | $0 |
Travel | $66,075 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9,797 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,883 |
All other expenses | $231 |
Total functional expenses | $607,651 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $102,433 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $102,433 |
Accounts payable and accrued expenses | $15,937 |
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 | $0 |
Total liabilities | $15,937 |
Net assets without donor restrictions | $86,496 |
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 | $0 |
Total liabilities and net assets/fund balances | $102,433 |
Over the last fiscal year, Walter Munk Foundation For The Oceans has awarded $40,600 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
REGENTS OF UNIVERSITY OF CALIFORNIA PURPOSE: FUND LABORATORY AND EXPERIMENTAL COSTS FOR M. MUNKIANA RESEARCH | $27,500 |
ACTION FOR MANTAS PURPOSE: SUPPORT PH.D. STUDENT RESEARCH | $13,100 |