Oceans Initiative
- Assets
- $340.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Seattle, WA
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 90-1015993
Organization Overview
Oceans Initiative is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Oceans Initiative employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceans Initiative 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, Oceans Initiative generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 20.4% per year over the past 6 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
OCEANS INITIATIVE IS A TEAM OF SCIENTISTS ON A MISSION TO PROTECT MARINE LIFE AND THE ECOSYSTEMS ON WHICH THEY DEPEND, AND TO SHARE OUR INNOVATIVE SCIENCE TO GUIDE CONSERVATION ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KILLER WHALE CONSERVATION - OCEANS INITIATIVE HAS RESEARCH PROJECTS ON ALL THREE THREATS TO THE ENDANGERED SOUTHERN RESIDENT KILLER WHALES - NOT ENOUGH SALMON, TOO MUCH NOISE, AND CONTAMINANTS. WE CONDUCT A LAND-BASED SURVEY TO ASSESS THE IMPACT OF VESSEL AND ACOUSTIC MITIGATION MEASURES.
SOUND OCEAN - OCEANS INITIATIVE STUDIES THE IMPACTS OF IN-AIR AND UNDERWATER NOISE ON FISH, SEABIRDS AND MARINE MAMMALS. WE ALSO ENGAGE THE COMMUNITY AS "CITIZEN SCIENTISTS" TO HELP US COLLECT DATA SO WE CAN MEASURE OCEAN NOISE LEVELS.
CONSERVATION TOOLS - OCEANS INITIATIVE DEVELOPS AND APPLIES LOW-COST, OPEN-SOURCE TOOLS THAT CAN BE USED TO ASSESS MARINE BIODIVERSITY AND MITIGATE HUMAN IMPACTS ON WILDLIFE AND HABITATS. THESE TOOLS AND APPROACHES REFER TO THE SUITE OF HARDWARE, SOFTWARE, TECHNOLOGY, AND APPROACHES WE USE TO MEASURE OCEAN NOISE LEVELS, ESTIMATE ABUNDANCE AND DISTRIBUTION, IDENTIFY AND MANAGE MARINE PROTECTED AREAS, OR MEASURE AND MITIGATE BYCATCH OF MARINE WILDLIFE IN FISHING GEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Ashe Exec Director | OfficerTrustee | 40 | $151,149 |
Gae Weber President | OfficerTrustee | 1 | $0 |
Duschka Fowler-Dunning Treasurer | OfficerTrustee | 1 | $0 |
Melissa Hornbein Secretary | Trustee | 1 | $0 |
Nancy Mckay Board Member | Trustee | 1 | $0 |
Debra Boyer Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erin Ashe Management | 12/30/20 | $115,144 |
Rob Williams Chief Scientist | 12/30/20 | $113,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $495,266 |
| All other contributions, gifts, grants, and similar amounts not included above | $669,513 |
| Noncash contributions included in lines 1a–1f | $45,607 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,164,779 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,174,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $325,715 |
| Compensation of current officers, directors, key employees. | $18,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $13,050 |
| Other employee benefits | $0 |
| Payroll taxes | $29,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,025 |
| Fees for services: Accounting | $19,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $410,727 |
| Advertising and promotion | $24 |
| Office expenses | $14,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,891 |
| Travel | $9,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,981 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,466 |
| Insurance | $16,583 |
| All other expenses | $4,269 |
| Total functional expenses | $1,005,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,900 |
| Savings and temporary cash investments | $75 |
| Pledges and grants receivable | $12,230 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $966 |
| 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 | $118,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $340,668 |
| Accounts payable and accrued expenses | $44,361 |
| 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 | $28,695 |
| Other liabilities | $0 |
| Total liabilities | $73,056 |
| Net assets without donor restrictions | $267,612 |
| 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 | $340,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Marine Ecology And Telemetry Research Seabeck, WA | $628,688 | $1,693,905 |
Northwest Straits Marine Conservation Foundation Bellingham, WA | $633,635 | $1,512,533 |
Bristol Bay Science & Research Institute Dillingham, AK | $1,858,384 | $1,909,071 |
Port Townsend Marine Science Center Port Townsend, WA | $3,639,588 | $1,062,757 |
Pacific Shellfish Institute Olympia, WA | $323,474 | $1,090,515 |
Oceans Initiative Seattle, WA | $340,668 | $1,174,810 |
Center For Whale Research Friday Harbor, WA | $2,848,179 | $790,167 |
Black In Marine Science Spokane, WA | $1,291,987 | $1,725,216 |
Octo Woodinville, WA | $5,997 | $118,213 |
Underwater Admiralty Sciences Puyallup, WA | $3,773 | $0 |
Map The Gaps Seattle, WA | $481,196 | $485,214 |
Meet The Ocean Portland, OR | $11,410 | $0 |