Explorocean
- Assets
- $16.3m
- Revenue
- $764.7k
- Investments
- $3.9m
- Employees
- 45
- Location
- Newport Beach, CA
- Founding
- Data as of
- 06/2016
- EIN
- 95-3867036
Organization Overview
Explorocean is located in Newport Beach, CA. As of 06/2015, Explorocean employed 45 individuals. Explorocean 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 06/2016, Explorocean generated $764.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO EDUCATING K-12 STUDENTS ABOUT THE SEVEN PRINCIPLES OF OCEAN LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND PUBLIC PROGRAMSOUR EDUCATIONAL PROGRAMS ANNUALLY SERVE 40,000 K-12 CHILDREN WHO LEARN ABOUT THE OCEAN FROM A PERSPECTIVE OF SCIENCE, TECHNOLOGY, EDUCATION AND MATH. OUR EDUCATORS VISIT SCHOOLS ACROSS SOUTHERN CALIFORNIA REACHING THOUSANDS OF CHILDREN. OUR EDUCATIONAL PROGRAMS ALIGN WITH THE CALIFORNIA SCIENCE STANDARDS.
COLLECTIONSTHE STEELE MODEL PAVILION FEATURES A FIRST CLASS COLLECTION OF 15TH-18TH CENTURY WOODEN TALL SHIPS. THE STEELE EDUCATIONAL THEATER HOSTS MONTHLY LECTURES BY WORLD CLASS SPEAKERS WHO TALK ABOUT NEW OCEAN RELATED DISCOVERIES. TOPICS INCLUDE ENDANGERED MARINE SPECIES, MAPPING OF THE OCEAN BOTTOM, OCEAN ACIDIFICATION, FISHERIES, AND EXPLORATION OF THE DEEPEST PARTS OF UNDERSEA WORLD WITH AUTONOMOUS ROBOTS. K-12 CHILDREN USE THE EDUCATIONAL THEATER SPACE FOR HANDS-ON STEM PROJECT BASED LEARNING ACTIVITIES.
LEARNING SPACESOUR OCEAN LITERACY CENTER FEATURES DOZENS OF HANDS-ON LEARNING EXPERIENCES FOR CHILDREN TO MAKE THEIR OWN DISCOVERIES ABOUT THE OCEAN. OUR INNOVATION LAB ALLOWS K-12 CHLDREN TO MAKE PROJECTS AND WE PROVIDE THE TIME, TOOLS AND SPACE FOR THEM TO DO SO. CHILDREN CAN DESIGN AND BUILD AS UNDERWATER ROBOTS AND LEARN TO USE 3D PRINTERS AND WRITE COMPUTER CODE. OUR OUTDOOR SCIENCE PATIO IS USED BY THOUSANDS OF CHILDREN ON FIELD TRIPS DURING THE SCHOOL YEAR TO CONDUCT HANDS-ON EXPERIMENTS WITH AGE APPROPRIATE TOOLS AND SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Pollack CEO | Officer | 40 | $160,000 |
Wendy Marshall Director Of Education | 40 | $119,333 | |
Dave Lugo COO | Officer | 40 | $116,292 |
Timothy Collins Chair/treasurer | OfficerTrustee | 10 | $0 |
Doug Pasquale Vice Chair | OfficerTrustee | 2 | $0 |
Robert Van Schoonenberg Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $733,521 |
| Investment income | $151,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$184,824 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,285 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $764,720 |
| Statement of Expenses | |
|---|---|
| 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. | $330,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,287 |
| Payroll taxes | $59,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,828 |
| Fees for services: Accounting | $50,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,069 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54,420 |
| Office expenses | $70,327 |
| Information technology | $5,699 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,462 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,823 |
| Insurance | $57,259 |
| All other expenses | -$71,979 |
| Total functional expenses | $2,364,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,910 |
| Savings and temporary cash investments | $47,653 |
| Pledges and grants receivable | $47,000 |
| Accounts receivable, net | $36,368 |
| 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 | $45,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,907,856 |
| Investments—program-related | $0 |
| Intangible assets | $1,415,174 |
| Other assets | $757,012 |
| Total assets | $16,338,430 |
| Accounts payable and accrued expenses | $474,037 |
| 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 | $5,692,803 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$469,564 |
| Total liabilities | $5,697,276 |
| Net assets without donor restrictions | $10,417,167 |
| Net assets with donor restrictions | $123,987 |
| Capital stock or trust principal, or current funds | $100,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $10,641,154 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Explorocean has recieved totaling $25,500.
| Awarding Organization | Amount |
|---|---|
The Elliott Family Foundation C/O Kimberly E Storstad Newport Beach, CA PURPOSE: GENERAL SUPPORT FOR EDUCATIONAL PROGRAMSGENERAL SUPPORT FOR EDUCATIONAL PROGRAMS | $10,000 |
The Annenberg Foundation Conshohocken, PA PURPOSE: COMMUNICATIONS STRATEGY, STRAT. PLAN, FUND DEVEL. | $10,000 |
The Crean Foundation Laguna Hills, CA PURPOSE: DEVELOPMENT OF NAUTICAL MUSEUM. | $5,000 |
The Ridgeway Family Foundation Newport Beach, CA PURPOSE: PROGRAM SUPPORT | $250 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: GENERAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $5,814,418 |
| Earnings | $143,021 |
| Other Expense | $728,080 |
| Ending Balance | $5,229,359 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Translational Pulmonary And Immunology Research Center Long Beach, CA | $5,349,856 | $21,502,717 |
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Eleven Counties Cement Masons Vacation Savings Plan Arcadia, CA | $5,589,566 | $20,011,615 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
Education Training And Research Associates Scotts Valley, CA | $15,485,603 | $19,032,847 |
Community Action Of Skagit County Mount Vernon, WA | $8,445,889 | $20,193,339 |
Berkeley Food And Housing Project Berkeley, CA | $7,900,684 | $21,326,193 |
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |