Civic Intelligence

Ocean Conservancy Inc.

990 • Fiscal year 2020 • EIN 23-7245152

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 26, 2021

1300 19th Street NW No 8th FlWashington, DC 20036-1609

(202) 429-5609

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.07x

Higher debt load relative to assets than 25% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

17th percentile

0.11x

Higher debt load relative to revenue than 17% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

53rd percentile

5.0%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

53rd percentile

7.0%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

68th percentile

9.4%

Faster revenue growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$52,649,926

Up $3,459,359 (+7.0%) from 2019

Net Assets

Up

$48,969,047

Up $2,980,431 (+6.5%) from 2019

Liabilities

Up

$3,680,879

Up $478,928 (+15%) from 2019

Revenue

Up

$33,767,304

Up $2,898,802 (+9.4%) from 2019

Expenses

Up

$32,093,986

Up $1,994,943 (+6.6%) from 2019

Net Income

Up

$1,673,318

Up $903,859 (+117%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2020

Assets$52,649,926
Liabilities$3,680,879
Net Assets$48,969,047

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$33,767,304
Expenses$32,093,986
Net Income$1,673,318
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 26, 2021
Return Version
2019v5.1
Gross Receipts
$39,744,551
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$30,620,899$33,738,152▲ $3,117,253
Pledges and Grants Receivable$9,132,525$10,371,276▲ $1,238,751
Cash and Non-Interest-Bearing Accounts$6,274,899$6,531,283▲ $256,384
Prepaid Expenses and Deferred Charges$1,152,390$497,510▼ $654,880
Savings and Temporary Cash Investments$200,181$200,206▲ $25
Accounts Receivable$48,763$50,394▲ $1,631
Land, Buildings, and Equipment, Net$166,832$39,258▼ $127,574
Total Assets$49,190,567$52,649,926▲ $3,459,359
Other Assets Total$1,594,078$1,221,847▼ $372,231
Liabilities
Accounts Payable and Accrued Expenses$1,979,794$1,668,360▼ $311,434
Other Liabilities$1,203,857$1,401,653▲ $197,796
Grants Payable$18,300$610,866▲ $592,566
Total Liabilities$3,201,951$3,680,879▲ $478,928
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,418,354$30,425,611▲ $5,007,257
Net Assets With Donor Restrictions$20,570,262$18,543,436▼ $2,026,826
Total Net Assets Fund Balance$45,988,616$48,969,047▲ $2,980,431
Total Liabilities and Net Assets / Fund Balance$49,190,567$52,649,926▲ $3,459,359

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,223$942,212$944,435
Other Land Buildings$28,715$379,801$408,516
Leasehold Improvements$8,320$277,480$285,800

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$3,718,250$0▲ $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
2016$2,219,747$0▲ $230,687$110,294$2,334,417
2015$2,277,442$0▲ $55,704$107,866$2,219,747
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janis Searles JonesCEOFT$332,006$152,022$484,028
Emily WoglomEvpFT$242,752$52,924$295,676
Sarah HumphriesVP, Resource DevelopmentFT$219,497$63,385$282,882
Chris DorsettVP Conservation Policy & ProgramsFT$203,908$52,314$256,222
Julia RobersonVP CommunicationsFT$178,649$42,580$221,229
Kenneth DonaldsonVP Finance & Admin/ CFO beg 1/1/2020FT$178,649$41,393$220,042
Scott HighleymanVP Arctic ProgramsFT$163,033$50,219$213,252
George LeonardChief ScientistFT$151,378$49,367$200,745
Teresa ParsonsDirector Program DevelopmentFT$150,915$48,052$198,967
Kelly LuckDirector, Foundation & Gov't SupportFT$139,849$46,864$186,713
Malissa LashSr. Director, Resource DevelopmentFT$138,915$47,791$186,706
Michelle FreySr. Director, Digital OutreachFT$133,439$46,985$180,424
Trishna GurungSr. Director, CommunicationsFT$132,919$47,254$180,173
Lawrence AmonCFOPT$144,282$23,072$167,354
Jeffrey WattersSr. Director, Conservation PolicyFT$134,862$22,007$156,869

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Accenture International LimitedWaste collection analysis136 Madison Ave 17th Floor, New York, NY 10016, Ei$467,175
Sunshine SachsMarketing175 Carroll Avenue, Newport, RI 02840$247,839
Ocean Wonks LLCPolicy Counsel1320 19th St NW Suite 300, Washington, DC 20036$240,000
Climate Advisors IncPolicy Counsel2300 Clarendon Blvd Suite 925, Arlington, VA 22201$230,000
Beacon Red EngineMarketing-$214,721
Revenue and Support

Revenue Composition

Contributions and Grants
$32,994,121
Program Service Revenue
$0
Investment Income
$596,849
Other Revenue
$176,334
All Other Contributions
$31,325,640
Change in Net Assets
$1,673,318

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 Traded45$238,295Fair market value
Other Non Cash Contri Table1$30,000Purchase value
Total Noncash Contributions46$268,295-

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,678,148
Revenue Not Reported on Financial Statements
$89,156
Revenue Not Reported on Form 990
$1,711,190
Total Revenue per Audited Statements
$35,389,338
Total Revenue per Form 990
$33,767,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,304,252
Other Expenses$14,932,330
Total Fundraising Expense$4,879,554
Grants and Similar Amounts Paid$1,530,912
Professional Fundraising Fees$326,492

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,426,805$842,434$1,424,913$9,694,152
Fees for Services Other$4,527,701$158,027$259,670$4,945,398
Office Expenses$2,675,326$260,622$1,659,817$4,595,765
Current Officers, Directors, Trustees, and Key Employees$2,014,836$228,092$386,570$2,629,498
Other Employee Benefits$1,263,717$143,061$242,458$1,649,236
Occupancy$957,487$162,714$165,160$1,285,361
Travel$1,061,494$27,265$56,280$1,145,039
Grants to Domestic Orgs$910,970--$910,970
Payroll Taxes$684,438$77,482$131,317$893,237
Conferences and Meetings$640,079$16,441$33,937$690,457
Advertising$558,809$2,098$117,699$678,606
Foreign Grants$619,942--$619,942
Pension Plan Contributions$335,715$38,004$64,410$438,129
Fees for Services Lobbying$393,585--$393,585
Fees for Services Professional Fundraising--$326,492$326,492
Depreciation Depletion$92,255$17,619$17,700$127,574
Fees for Services Accounting-$99,927-$99,927
Fees for Services Legal-$98,937-$98,937
Insurance$23$92,207-$92,230
Fees for Service Investment Mgmnt Fees-$89,156-$89,156
Information Technology$5,886$2,403$1,129$9,418
Other Expenses$180,876$2,286$-183,162$0
Total Functional Expenses$2,881,382$36,407$2,283,262$5,201,051

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$32,408,907
Total Expenses per Form 990$32,093,986
Expenses per Audited Statements$31,934,475
Expenses Not Reported on Form 990$474,432
Expenses Not Reported on Financial Statements$159,511
Other Expense Adjustments$70,355
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University Of GeorgiaAthens, GA501(c)(3)Research$352,049
Rockefeller PhilanthropyNew York, NY501(c)(3)Resilient Cities Network$350,000
Ocean FoundationWashington, DC501(c)(3)Plant sea grass$73,000
Arizona State UniversityTempe, AZ115Research$34,921
Dream In GreenMiami, FL501(c)(3)Conservation education$20,000
Native American Rights FundBoulder, CO501(c)(3)Bering Sea Fisheries$20,000
Aleut Community Of St PaulAnchorage, AK115Preservation of traditional knowledge$15,000
National Parks Conservation AsWashington, DC501(c)(3)Magnuson-Stevens Reauthorization$10,000

International Summary

Offices
0
Employees
0
Spending
$1,437,277

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
Europe (Including Iceland & Greenland)Program ServicesConsulting services00$386,589
East Asia and the PacificGrants to recipients located in regionConsulting services, subscriptions, meeting expenses00$336,941
East Asia and the PacificProgram ServicesConsulting services00$277,220
North AmericaGrants to recipients located in regionConsulting services00$163,760
North AmericaProgram Services-00$119,713
Europe (Including Iceland & Greenland)Grants to recipients located in regionConsulting services & meeting expenses00$48,000
Sub-Saharan AfricaGrants to recipients located in region-00$41,741
Central America and the CaribbeanGrants to recipients located in regionConsulting services00$25,500
South AmericaProgram Services-00$14,084
Central America and the CaribbeanProgram ServicesConsulting services, royalties, meeting expenses00$9,654
South AsiaProgram Services-00$8,500
South AmericaGrants to recipients located in region-00$4,000
Sub-Saharan AfricaProgram Services-00$1,575
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$326,492
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift annuity payment liability$1,015,471
Deferred lease obligations$298,026
Deferred compensation liability$88,156
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 Street NW No 8th Fl, Washington, DC 20036-1609

Signing Officer

Name
Kenneth Donaldson
Title
Chief Financial Officer
Phone
2024295609
Signed
2021-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Donaldson
Formed
1972
Legal Domicile
Dc
Voting Board Members
17
Independent Board Members
16
Employees
131
Volunteers
943,195

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)

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

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

(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 IX, line 11G

Consultants, contractors, temporary help, and other professional fees: Program service expenses 4,527,701. Management and general expenses 158,027. Fundraising expenses 259,670. Total expenses 4,945,398.

Form 990, Part XI, line 9:

Return of prior year grant funds 70,355.

Financial Statement Notes

Part V, Line 4:

The donor-restricted endowment fund has no purpose restrictions and was established to provide continuing support for general operations of the organization.

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 grants 70,355.

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IRS990/Desc0Science, policy and outreach: Ocean Conservancy uses the best available knowledge, 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 outreach, and our
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