Civic Intelligence

Ocean Conservancy

EIN 23-7245152 • 501(c)3 • Washington, DC

Profile

Ocean Conservancy is working to protect the ocean from today's greatest global challenges. Together with our partners, we create science-based solutions for a healthy ocean and the wildlife and communities that depend on it.

1300 19th ST NW No 800Washington, DC 20036

www.oceanconservancy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.15x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

46th percentile

0.29x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

75th percentile

$619,038

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

16th percentile

-10%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Up

$95,022,230

Up $10,867,786 (+13%) from 2021

Liabilities

Up

$14,272,957

Up $9,887,550 (+225%) from 2021

Net Assets

Up

$80,749,273

Up $980,236 (+1.2%) from 2021

Revenue

Down

$49,652,396

Down $5,635,434 (-10%) from 2021

Expenses

Up

$40,853,139

Up $9,302,325 (+29%) from 2021

Net Income

Down

$8,799,257

Down $14,937,759 (-63%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2016: $33,681,277Liabilities 2016: $2,473,346Net Assets 2016: $31,207,9312016Assets 2017: $36,119,574Liabilities 2017: $2,594,983Net Assets 2017: $33,524,5912017Assets 2018: $48,359,161Liabilities 2018: $2,260,644Net Assets 2018: $46,098,5172018Assets 2019: $49,190,567Liabilities 2019: $3,201,951Net Assets 2019: $45,988,6162019Assets 2020: $52,649,926Liabilities 2020: $3,680,879Net Assets 2020: $48,969,0472020Assets 2021: $84,154,444Liabilities 2021: $4,385,407Net Assets 2021: $79,769,0372021Assets 2022: $95,022,230Liabilities 2022: $14,272,957Net Assets 2022: $80,749,2732022

Highlighted filing

2022

Assets$95,022,230
Liabilities$14,272,957
Net Assets$80,749,273

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2016: $18,861,776Expenses 2016: $22,069,932Net Income 2016: -$3,208,1562016Revenue 2017: $24,729,820Expenses 2017: $23,984,534Net Income 2017: $745,2862017Revenue 2018: $37,416,221Expenses 2018: $26,024,395Net Income 2018: $11,391,8262018Revenue 2019: $30,868,502Expenses 2019: $30,099,043Net Income 2019: $769,4592019Revenue 2020: $33,767,304Expenses 2020: $32,093,986Net Income 2020: $1,673,3182020Revenue 2021: $55,287,830Expenses 2021: $31,550,814Net Income 2021: $23,737,0162021Revenue 2022: $49,652,396Expenses 2022: $40,853,139Net Income 2022: $8,799,2572022

Highlighted filing

2022

Revenue$49,652,396
Expenses$40,853,139
Net Income$8,799,257

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 13, 2023
Return Version
2021v4.2
Gross Receipts
$58,310,566
Mission and Program Overview

Mission

Ocean Conservancy is working to protect the ocean from today's greatest global challenges. Together with our partners, we create science-based solutions for a healthy ocean and the wildlife and communities that depend on it.

Ocean Conservancy is working to protect the ocean from today's greatest global challenges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$48,877,654$46,377,386▼ $2,500,268
Cash and Non-Interest-Bearing Accounts$10,919,387$25,463,997▲ $14,544,610
Pledges and Grants Receivable$21,851,215$11,364,895▼ $10,486,320
Prepaid Expenses and Deferred Charges$154,319$1,088,465▲ $934,146
Land, Buildings, and Equipment, Net$9,701$1,080,483▲ $1,070,782
Accounts Receivable$339,164$556,165▲ $217,001
Savings and Temporary Cash Investments$200,211$200,236▲ $25
Total Assets$84,154,444$95,022,230▲ $10,867,786
Other Assets Total$1,802,793$8,890,603▲ $7,087,810
Liabilities
Other Liabilities$1,600,557$8,929,635▲ $7,329,078
Accounts Payable and Accrued Expenses$2,128,467$4,782,879▲ $2,654,412
Grants Payable$656,383$560,443▼ $95,940
Total Liabilities$4,385,407$14,272,957▲ $9,887,550
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$48,615,060$49,845,718▲ $1,230,658
Net Assets With Donor Restrictions$31,153,977$30,903,555▼ $250,422
Total Net Assets Fund Balance$79,769,037$80,749,273▲ $980,236
Total Liabilities and Net Assets / Fund Balance$84,154,444$95,022,230▲ $10,867,786

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$845,789$68,265$914,054
Equipment$0$893,913$893,913
Other Land Buildings$234,694$422,322$657,016
Other Assets Org$7,191,831--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$5,180,783-▼ $680,998-$4,499,785
2020$3,691,630$500,000▲ $989,153-$5,180,783
2019$3,718,250-▲ $107,854$125,292$3,691,630
2018$3,655,468$1,100▲ $184,197$115,693$3,718,250
2017$2,334,417$1,246,365▲ $192,134$111,314$3,655,468
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janis Searles JonesCEOFT$411,956$207,082$619,038
Emily WoglomEvpFT$261,698$35,855$297,553
Sarah HumphriesChief Development OfficerFT$242,987$39,641$282,628
Chris DorsettVP, ConservationFT$227,466$48,233$275,699
Katherine AndrewsChief of StrategyFT$242,526$27,896$270,422
Kenneth DonaldsonCFOFT$227,942$27,260$255,202
Julia RobersonVP, CommunicationsFT$226,462$26,478$252,940
Adrienne LoftinChief People & Culture OfficerFT$205,992$25,365$231,357
Scott HighleymanVP, Artic ProgramsFT$176,868$46,441$223,309
Anne MerwinVP, ConservationFT$176,447$45,035$221,482
George LeonardChief ScientistFT$165,243$44,872$210,115
Jeffrey WattersVP, External AffairsFT$162,150$43,723$205,873
Malissa LashVP, Resource DevelopmentFT$154,917$43,685$198,602
Kelly LuckSr Director, Foundation & Government SupportFT$155,695$41,120$196,815
Kelly LuckSr Director, Foundation & Government-$153,158$43,657$196,815
Teresa ParsonsSr Director, Conservation SupportFT$165,776$23,011$188,787
Michelle FreySenior Director, Digital OutreachFT$145,561$42,834$188,395
Trishna GurungSr Director, CommunicationsFT$145,277$42,799$188,076
Richard SheardSenior Director, Shipping EmissionsFT$151,338$22,186$173,524

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Newport One IncFundraising Consulting21 Railroad Avenue, Duxbury, MA 02332$445,045
Giant Machines Software LLCApp Development and Maintenance101 Greenwich Street Suite 405, New York, NY 10006$288,500
iWRC Global LLCProgram/Project Management, Training217 Beech Street, Cranford, NJ 07016$217,500
Ocean Wonks LLCPolicy Counsel175 Carroll Avenue, Newport, RI 02840$200,000
Three21 Creative LLCWebsite Design, Development, and Infrast121 South Orange Avenue Suite 980N, Orlando, FL 32801$186,125
Revenue and Support

Revenue Composition

Contributions and Grants
$48,096,943
Program Service Revenue
$0
Investment Income
$1,168,097
Other Revenue
$387,356
All Other Contributions
$47,284,500
Change in Net Assets
$8,799,257

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded67$1,695,531Fair market value
Other Non Cash Contri Table2,851$1,369,784Fair Market Value
Other Non Cash Contri Table1$550Fair Market Value
Total Noncash Contributions2,919$3,065,865-

Audited Revenue Reconciliation

Revenue per Audited Statements
$49,514,328
Revenue Not Reported on Financial Statements
$138,068
Revenue Not Reported on Form 990
$-7,380,803
Total Revenue per Audited Statements
$42,133,525
Total Revenue per Form 990
$49,652,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,218,308
Other Expenses$18,856,383
Total Fundraising Expense$5,542,533
Grants and Similar Amounts Paid$2,279,301
Professional Fundraising Fees$499,147

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,146,830$1,292,827$1,605,455$12,045,112
Fees for Services Other$7,590,158$487,707$429,848$8,507,713
Office Expenses$3,367,846$570,643$1,770,777$5,709,266
Current Officers, Directors, Trustees, and Key Employees$2,766,185$404,217$485,524$3,655,926
Other Employee Benefits$1,443,338$210,912$253,336$1,907,586
Grants to Domestic Orgs$1,347,783--$1,347,783
Occupancy$917,127$197,958$152,181$1,267,266
Payroll Taxes$793,908$116,013$139,347$1,049,268
Foreign Grants$931,518--$931,518
Advertising$695,491$1,927$115,102$812,520
Travel$624,764$13,918$53,347$692,029
Pension Plan Contributions$424,028$61,963$74,425$560,416
Fees for Services Professional Fundraising--$499,147$499,147
Conferences and Meetings$219,201$4,883$18,717$242,801
Fees for Services Legal$155,304$5,105$21,630$182,039
Information Technology$117,897$24,869$27,775$170,541
Insurance$1,348$146,155$9$147,512
Fees for Service Investment Mgmnt Fees-$138,068-$138,068
Fees for Services Accounting-$127,029-$127,029
Depreciation Depletion$20,693$4,802$3,632$29,127
Interest-$20-$20
Other Expenses$313,464$1,997$-315,461$0
Total Functional Expenses$4,063,994$25,885$2,381,449$6,471,328

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$41,153,289
Total Expenses per Form 990$40,853,139
Expenses per Audited Statements$40,693,931
Expenses Not Reported on Form 990$459,358
Expenses Not Reported on Financial Statements$159,208
Other Expense Adjustments$21,140
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pacific Environment and Resources CenterSan Francisco, CA501(c)(3)Decarbonizing international shipping$560,000
Aleut Community of St Paul Island Tribal Government of St PaulAnchorage, AK501(c)(3)Tribal conservation & management in the Pribilof Islands marine ecosystem$85,000
Ocean FoundationWashington, DC501(c)(3)Sea Grass Grow 2022$80,000
Native American Rights FundBoulder, CO501(c)(3)North Bering Sea Climate Resilience Area implementation support$73,000
University of Georgia Research Foundation IncAthens, GA501(c)(3)Circularity Assessment Protocol$49,238
Bering Sea Fishermen's AssociationAnchorage, AK501(c)(3)Tribal conservation & management in the Artic-Yukon-Kuskokwim ecosystem$45,000
Environmental Defense FundNew York, NY501(c)(3)Support of generating education materials about ocean Carbon Dioxide Removal (CDR)$41,000
NDPonicsLexington, VA501(c)(3)East Coast Indigenous Landscapes Partnership Expansion Strategy support$40,000
Dream In Green IncMiami, FL501(c)(3)Circularity Assessment Protocol$35,000
Sea Mammal Education Learning Technology Society (SMELTS)Sedro Woolley, WA501(c)(3)Ghost gear retrieval$30,000
University of Florida Engineering School of Sustainable Infrastructure andGainesville, FL501(c)(3)Support for continued monitoring of Tampa Bay seagrass and primary producers$29,990
Aqqaluk TrustKotzebue, AK501(c)(3)Support of ongoing work to create methods that digitally rematriate cultural knowledge to Indigenous peoples$25,000
Global Resilient Cities Network (GRCN)New York, NY501(c)(3)Urban Ocean Cities support$25,000
Gulf of Maine Lobster FoundationKennebunk, ME501(c)(3)Derelict fishing gear and large debris removal$22,055
Green Diversity Initiative dba Green 20Washington, DC501(c)(3)Green 2.0 annual support$20,000
Occidental CollegeLos Angeles, CA501(c)(3)Support for creating infrastructure for the Moving Forward Network$20,000
West Oakland Environmental Indicators ProjectOakland, CA501(c)(3)Oakland Shoreline Leadership Academy support$20,000
First Alaskans InstituteAnchorage, AK501(c)(3)Smokehouse Gala sponsorship & 2.5 month fellowship$18,000
Environmental Leadership ProgramGreenbelt, MD501(c)(3)FY22 Roger Arliner Young Diversity Fellowship$16,500
Center For Coastal Studies IncProvincetown, MA501(c)(3)Joanna Toole Internship support$12,000
Buffalo Niagara Waterkeeper IncBuffalo, NY501(c)(3)ICC cleanup event & data collection$10,000
Ecology CenterBerkeley, CA501(c)(3)Ecology Center's Education and Engagement Program support$10,000
Longwood University Foundation IncFarmville, VA501(c)(3)Clean Virginia Waterways - ICC Small Grants Program$10,000
Resource Legacy FundSacramento, CA501(c)(3)Fisheries Policy Coalition support$10,000
Sereia Films IncMiami Beach, FL501(c)(3)Hosting of 3 screenings in the South Florida are to promote marine conservation$10,000

International Summary

Offices
0
Employees
1
Spending
$3,530,373

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanProgram ServicesConsulting services00$738,567
East Asia and the PacificProgram ServicesConsulting services, photography/videography00$433,323
North AmericaProgram ServicesConsulting services01$411,225
EuropeProgram ServicesConsulting services, photography/videography, subscription/dues00$410,841
South AmericaProgram ServicesConsulting services00$376,936
East Asia and the PacificGrants to recipients located in the region-00$361,366
South AmericaGrants to recipients located in the region-00$227,000
Sub-Saharan AfricaProgram ServicesConsulting services, photography/videography00$145,347
Sub-Saharan AfricaGrants to recipients located in the region-00$112,000
EuropeGrants to recipients located in the region-00$102,152
Central America and the CaribbeanGrants to recipients located in the region-00$57,000
North AmericaGrants to recipients located in the region-00$52,000
South AsiaProgram ServicesConsulting services00$42,000
Middle East and North AfricaProgram ServicesConsulting services00$40,616
Middle East and North AfricaGrants to recipients located in the region-00$10,000
South AsiaGrants to recipients located in the region-00$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$499,147
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease liability for operating leases$7,627,004
Gift annuity payment liability$1,093,549
Deferred compensation liability$209,082
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Directors Jean Nelson and Will Martin are married.

Form 990, Part VI, Section B, line 11B

The 990 is prepared by an outside firm. The CFO performs a detailed review of the 990, reconciles any questions and modifies the return if necessary. The 990 is then forwarded to the Finance Committee for further questions. After their review and any adjustments if necessary, the 990 is forwarded to the entire Board and then filed with IRS.

Form 990, Part VI, Section B, line 12C

Conflict of interest policy disclosure statements are to be prepared at least annually. In the case where a possible conflict by an employee other than the CEO of the organization is identified, the CEO shall determine whether an actual or potential conflict of interest exists or can be reasonably construed to exist and how the conflict of interest should be resolved. When a conflict of interest is disclosed by a covered person other than a covered employee or by the CEO, the Chair shall disclose the conflict of interest to the Board of Directors or a designated committee. Then by majority vote of the disinterested Directors (even if the disinterested Directors constitute less than a quorum) it will be decided whether an actual or potential conflict of interest exists or can be reasonably construed to exist. Proposals to the full Board of Directors as to how the conflict of interest should be resolved will then be provided.

Form 990, Part VI, Section B, line 15

The Board sets the President & CEO's salary based on its evaluation of their performance. The Board takes into account market surveys and the organization's performance and financial position. The Executive Committee of the Board of Directors reviews and approves the compensation of other officers and key employees using externally prepared comparability data.

Form 990, Part VI, Section C, line 19

Ocean Conservancy's audited financial statements, governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Ocean Conservancy
EIN
23-7245152
Phone
2024295609
Address
1300 19th ST NW Ste 800, Washington, DC 20036

Signing Officer

Name
Kenneth Donaldson
Title
Chief Financial Officer
Phone
2024295609
Signed
2023-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Donaldson
Formed
1972
Legal Domicile
Dc
Voting Board Members
18
Independent Board Members
17
Employees
149
Volunteers
364,935

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Lori A Collingsworth
Phone
7038930300
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1, Description of Organization Mission:

Together with our partners, we create science-based solutions for a healthy ocean and the wildlife and communities that depend on it.

Form 990, Part III, Line 4A, Science, policy and outreach: (continued)

outreach, and our own reports and content. Our digital and direct mail audiences regularly take action to advance our conservation priorities.

Form 990, Part III, Line 4B, Trash Free Seas: (continued)

Alliance, to implement more effective international policy and financing solutions to reduce ocean plastic. We advocate, informed by the best available science and more than 30 years of our International Coastal Cleanup data, to eliminate the most problematic forms of single use plastic packaging and products. We foster best practices among key stakeholders to create new, innovative approaches to prevent and remove ghost fishing gear - the single deadliest form of plastic in the ocean.

Form 990, Part III, Line 4C, Climate: (continued)

emissions, with the aim of making the global shipping industry a zero-emissions sector by 2050.

Form 990, Part IX, line 11G

Consultants, contractors, temporary help, and other professional fees: Program service expenses 7,590,158. Management and general expenses 487,707. Fundraising expenses 429,848. Total expenses 8,507,713.

Form 990, Part XI, line 9:

Return of prior year grant funds 21,140.

Form 990, Part XII, Line 2C:

No change from prior years.

Financial Statement Notes

Part V, Line 4:

Ocean Conservancy's permanently restricted gifts are intended to be held in perpetuity and remain invested in order to generate income that will support either general operations or a donor supported fellowship position. Annual appropriations for expenditure are reviewed and approved by the Board of Directors.

Part X, Line 2:

Management evaluated OC's tax positions and has concluded that OC has taken no uncertain tax positions that require either recognition or disclosure in the accompanying financial statements.

Part XII, Line 4B - Other Adjustments:

Return of prior year grant funds 21,140.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Science, policy and outreach: Ocean Conservancy uses the best available knowledge, evidence and science, public opinion polling and political science to inform our conservation, advocacy and outreach to advance conservation solutions that benefit the ocean and the people and communities that depend on it. Truly durable conservation solutions are possible when we have a foundation of justice and equity across our conservation, advocacy and outreach priorities and that real leadership and durable conservation change requires meaningful partnerships with citizens, businesses, scientists, decision-makers and governments - at the local, state, national and international level. We reach our members, supporters, partners and the ocean and coastal-concerned through our website, email, direct mail, social media, reporter
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IRS990/Form990PartVIISectionAGrp/TitleTxt20Chief Development Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt21Chief of Strategy
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP, Conservation
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP, Communications
IRS990/Form990PartVIISectionAGrp/TitleTxt24Chief People & Culture Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP, Artic Programs
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP, Conservation
IRS990/Form990PartVIISectionAGrp/TitleTxt27Chief Scientist
IRS990/Form990PartVIISectionAGrp/TitleTxt28VP, External Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt29VP, Resource Development
IRS990/Form990PartVIISectionAGrp/TitleTxt30Sr Director, Conservation Support
IRS990/Form990PartVIISectionAGrp/TitleTxt31Sr Director, Foundation & Government Support
IRS990/Form990PartVIISectionAGrp/TitleTxt32Senior Director, Shipping Emissions
IRS990/Form990PartVIISectionAGrp/TitleTxt33Senior Director, Digital Outreach
IRS990/Form990PartVIISectionAGrp/TitleTxt34Sr Director, Communications
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