Living Oceans Society
- Assets
- $188.7k
- Revenue
- $272.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 98-0567045
Organization Overview
Living Oceans Society is located in null. The organization was established in 2009. 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 12/2022, Living Oceans Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Oceans Society 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, Living Oceans Society generated $272.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $271.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 8 years. 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
LIVING OCEANS WAS INCORPORATED IN NOVEMBER 1998 UNDER THE SOCIETY ACT OF BRITISH COLUMBIA. THE SOCIETY WORKS TO ENSURE CANADA'S OCEANS ARE SUSTAINABLY MANAGED AND THRIVING WITH BUNDANT SEA LIFE THAT SUPPORTS VIBRANT AND RESILIENT COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABLE SEAFOOD: THE SOCIETY PARTICIPATED IN A PARTNERSHIP OF CONSERVATION ORGANIZATIONS KNOWN AS SEACHOICE, WORKING DIRECTLY WITH RETAILERS TO IMPROVE THE SUSTAINABLE SEAFOOD CONTENT IN THEIR PURCHASING POLICIES AND PRACTICES. THE SOCIETY ENGAGED IN PUBLIC OUTREACH AND EDUCATION EFFORTS WITH CONSUMERS OF SEAFOOD.
SALMON AQUACULTURE: THE SOCIETY CONDUCTED RESEARCH AND ENGAGED IN PUBLIC EDUCATION CAMPAIGNS CONCERNING THE IMPACTS OF SALMON AQUACULTURE ON WILD FISH AND THEIR ECOSYSTEMS. IT ENGAGED WITH REGULATORS TO REFINE AND IMPROVE REGULATION AND ENFORCEMENT; AND IT PARTICIPATED IN CONSULTATIVE PROCESSES TO DEVELOP ESSENTIAL LINES OF SCIENTIFIC INQUIRY. IT PARTICIPATED IN MULTI-STAKEHOLDER PROCESSES DESIGNED TO IMPROVE REGULATION AND PUBLIC CONFIDENCE IN REGULATION.
MARINE DEBRIS; THE SOCIETY MOUNTED A NUMBER OF EXPEDITIONS INVOLVING 25 VOLUNTEERS TO NORTHERN VANCOUVER ISLAND FOR THE PURPOSE OF FORESHORE RESTORATION WORK. THE EXPEDITION RECOVERED APPROX. 3 METRIC TONES OF PLASTIC DEBRIS AND GHOST FISHING GEAR, WHICH WAS SORTED FOR RE-USE, RECYCLING AND LANDFILL.
THE SOCIETY PROVIDED SUPPORT AND DIRECTION, AS WELL AS CORE SUPPORT SERVICES, TO THE WILD FIRST CAMPAIGN. WILD FIRST IS A CAMPAIGN OF WILD SALMON FOREVER, DEDICATED TO PROTECTING WILD SALMON HABITAT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Wristen Executive Director | Officer | 60 | $71,978 |
Kory Wilson Director | Trustee | 2 | $0 |
Astrid Scholz President/treasurer | Trustee | 2 | $0 |
Phillip Dearden Director | Trustee | 2 | $0 |
Eric Grantner Director | Trustee | 2 | $0 |
Evelyn Pinkerton Director | Trustee | 2 | $0 |
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 | $85,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,583 |
| Total Program Service Revenue | $186,259 |
| Investment income | $924 |
| 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 | $272,766 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $65,334 |
| Other salaries and wages | $58,801 |
| Pension plan accruals and contributions | $5,694 |
| Other employee benefits | $5,885 |
| Payroll taxes | $2,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61 |
| Fees for services: Accounting | $2,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,112 |
| Advertising and promotion | $2,159 |
| Office expenses | $10,061 |
| Information technology | $4,881 |
| Royalties | $0 |
| Occupancy | $13,324 |
| Travel | $6,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,212 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $793 |
| Insurance | $3,013 |
| All other expenses | $823 |
| Total functional expenses | $271,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,894 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,137 |
| 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 | $4,493 |
| Net Land, buildings, and equipment | $3,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $188,697 |
| Accounts payable and accrued expenses | $5,260 |
| Grants payable | $0 |
| Deferred revenue | $107,759 |
| 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 | $30,746 |
| Other liabilities | $0 |
| Total liabilities | $143,765 |
| Net assets without donor restrictions | $44,932 |
| 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 | $188,697 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For International Forestry Research | $34,476,961 | $45,346,432 |
Product Care Association | $61,743,911 | $37,529,296 |
Marine Stewardship Council | $56,489,007 | $31,920,678 |
World Wildlife Fund Canada | $15,319,173 | $23,960,474 |
Yayasan Keanekaragaman Hayati Indonesia | $40,430,176 | $15,660,425 |