Sustainable Ocean Alliance Inc
- Assets
- $10.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 22
- Location
- San Francisco, CA
- Founding
- 07/2018
- Data as of
- 12/2023
- EIN
- 82-4972091
Organization Overview
Sustainable Ocean Alliance Inc is located in San Francisco, CA. The organization was established in 2018. 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, Sustainable Ocean Alliance Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sustainable Ocean Alliance 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, Sustainable Ocean Alliance Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $7.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Sustainable Ocean Alliance Inc has awarded 13 individual grants totaling $149,905. 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OCEAN SOLUTIONS PROGRAM PROVIDES FINANCIAL GRANTS, FELLOWSHIPS AND MENTORSHIP TO PROJECT LEADERS WHO ARE UNDER 36 AND ADDRESSING CRITICAL OCEAN ISSUES WITH GRASSROOTS, COLLABORATIVE APPROACHES.
THE OCEAN LEADERSHIP PROGRAM SUPPORTS OCEAN LEADERS WHO ARE ACTIVELY RAISING AWARENESS OF OCEAN CHALLENGES IN THEIR COMMUNITIES, CREATING OCEAN SOLUTIONS, AND INFLUENCING OTHERS TO TAKE OCEAN ACTION. YOUNG OCEAN LEADERS ARE MEMBERS OF THE SOA COMMUNITY WHO ARE UNDER 35 YEARS OF AGE AND HAVE DEMONSTRATED A CONCRETE COMMITMENT TO UN SDG14: LIFE BELOW WATER. OVERALL, SOA'S GLOBAL NETWORK OF YOUNG OCEAN LEADERS ARE SPEARHEADING PROJECTS THAT ADDRESS THE CAUSES OF OCEAN HARM SUCH AS UNSUSTAINABLE FISHING, MARINE POLLUTION, AND HABITAT DESTRUCTION IN OVER 150 COUNTRIES WORLDWIDE.
PROGRAM MARKETING: STRATEGIC PROMOTION AND COMMUNICATION AIMED SPECIFICALLY TO INCREASE AWARENESS OF THE GLOBAL MOVEMENT TO SAVE OUR OCEAN. THIS INCLUDES EDUCATION PROGRAMS, PROGRAM LAUNCHES, AND TARGETED MARKETING TO DRIVE PARTICIPATION AND ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniela Fernandez President / CEO | OfficerTrustee | 40 | $350,000 |
Kim Kolt Board Member | Trustee | 1 | $0 |
Trond Wuellner Board Member | Trustee | 1 | $0 |
Eva Zlotnicka Board Member | Trustee | 1 | $0 |
David Brekke Board Member | Trustee | 1 | $0 |
Jitendra Kavathekar Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Geigsen Llc Strategy Consultant | 12/30/23 | $150,000 |
Global Strategy Group Public Relations | 12/30/23 | $309,048 |
Sophie Silkes Marketing | 12/30/23 | $145,960 |
Debra Anne Burke Development Consultant | 12/30/23 | $111,374 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,786,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,786,743 |
| Total Program Service Revenue | $172,484 |
| Investment income | $51,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $319,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,330,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $140,552 |
| Grants and other assistance to domestic individuals. | $52,412 |
| Grants and other assistance to Foreign Orgs/Individuals | $465,286 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $886,877 |
| Compensation of current officers, directors, key employees. | $404,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,443,750 |
| Pension plan accruals and contributions | $80,762 |
| Other employee benefits | $223,887 |
| Payroll taxes | $175,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,134 |
| Fees for services: Accounting | $48,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $120,729 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,309,119 |
| Advertising and promotion | $879,200 |
| Office expenses | $44,057 |
| Information technology | $79,778 |
| Royalties | $0 |
| Occupancy | $8,533 |
| Travel | $436,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,926 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,098,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,667 |
| Savings and temporary cash investments | $7,517,481 |
| Pledges and grants receivable | $1,835,833 |
| 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 | $101,252 |
| 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 | $10,038,233 |
| Accounts payable and accrued expenses | $345,747 |
| 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 | $345,747 |
| Net assets without donor restrictions | $3,642,785 |
| Net assets with donor restrictions | $6,049,701 |
| 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 | $10,038,233 |
Grants Awarded
Over the last fiscal year, Sustainable Ocean Alliance Inc has awarded $111,405 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PEACE BOAT US PURPOSE: TRAVEL SCHOLARSHIPS | $24,119 |
BLUE LATITUDES LLC PURPOSE: OCEAN SOLUTIONS GRANT | $15,000 |
GLASS HALF FULL PURPOSE: OCEAN SOLUTIONS GRANT | $15,000 |
FISHERMAN FRESH PURPOSE: OCEAN SOLUTIONS GRANT | $12,000 |
NOBLE OCEAN FARMS PURPOSE: OCEAN SOLUTIONS GRANT | $10,000 |
GULF OF MEXICO REEF FISH SHAREHOLDERS' ALLIANCE PURPOSE: OCEAN SOLUTIONS GRANT | $10,000 |