Ocean Agency
- Assets
- $63.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Newport, RI
- Founding
- Data as of
- 12/2023
- EIN
- 84-3398911
Organization Overview
Ocean Agency is located in Newport, RI. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2023, Ocean Agency employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Agency 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, Ocean Agency generated $174.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $254.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OCEAN AGENCY CREATES DEMAND AND SUPPORT FOR OCEAN SCIENCE AND CONSERVATION - IDENTIFYING THE MOST URGENT ISSUES AND THEN DEVELOPING THE CREATIVE IDEAS, COMMUNICATIONS, AND COLLABORATIONS NEEDED TO HELP SOLVE THEM.
Describe the Organization's Program Activity:
Part 3
OCEAN CONSERVATION AND PROTECTION INITIATIVES:DEVELOPMENT OF FREELY AVAILABLE OCEAN EDUCATION TOOLS, RESOURCES, CURRICULUM- BASED PROGRAMS, AND PUBLIC CAMPAIGNS AND EVENTS TO RAISE AWARENESS OF THE IMPORTANCE OF THE OCEAN AND INSPIRE SUPPORT FOR OCEAN SCIENCE AND CONSERVATION (AN OFFICIAL ACTIVITY OF THE UN OCEAN DECADE IN COLLABORATION WITH THE UN AND OTHER PARTNERS).
RAISING OCEAN UNDERSTANDING AND AWARENESS:DEVELOPMENT OF INITIATIVES AND COMMUNICATIONS TO INSPIRE PUBLIC SUPPORT FOR INCREASED MARINEVPROTECTION TO HELP ACHIEVE 30% PROTECTION OF THE OCEAN BY 2030. THESE EFFORTS FOCUS ON CORAL REEFS IDENTIFIED IN OUR 50 REEFS PROJECT THAT ARE CONSIDERED LESS VULNERABLE TO CLIMATE CHANGE. RECENT SUCCESSES INCLUDE OUR GREAT FRINGING REEF CAMPAIGN TO PROTECT ALL 2,000 KM OF REEF IN THE EGYPTIAN RED SEA IN THE LEAD UP TO COP27.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Vevers Tate President & CEO | 50 | $96,557 | |
Stephanie Tate Senior Program Manager And Treasurer | 30 | $63,750 | |
Jayne Jenkins Vice President | 2 | $0 | |
Shani Alexander Director | 1 | $0 | |
Patti Gross Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,033 |
| Total Program Service Revenue | $2,489 |
| Membership dues | $0 |
| Investment income | $491 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $174,013 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $199,001 |
| Professional fees and other payments to independent contractors | $10,026 |
| Occupancy, rent, utilities, and maintenance | $5,065 |
| Printing, publications, postage, and shipping | $351 |
| Other expenses | $40,269 |
| Total expenses | $254,712 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,693 |
| Other assets | $0 |
| Total assets | $62,963 |
| Total liabilities | $7,795 |
| Net assets or fund balances | $55,168 |