Civic Intelligence

Ocean Conservancy Inc.

990 • Fiscal year 2021 • EIN 23-7245152

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 11, 2022

1300 19th ST NW No 800Washington, DC 20036

(202) 429-5609

Siviq Scores

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

Liabilities / Assets

25th percentile

0.05x

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

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.08x

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

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

82nd percentile

43%

Higher net margin than 82% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

94th percentile

60%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

64%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$84,154,444

Up $31,504,518 (+60%) from 2020

Net Assets

Up

$79,769,037

Up $30,799,990 (+63%) from 2020

Liabilities

Up

$4,385,407

Up $704,528 (+19%) from 2020

Revenue

Up

$55,287,830

Up $21,520,526 (+64%) from 2020

Expenses

Down

$31,550,814

Down $543,172 (-1.7%) from 2020

Net Income

Up

$23,737,016

Up $22,063,698 (+1319%) from 2020

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

2021

Assets$84,154,444
Liabilities$4,385,407
Net Assets$79,769,037

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

2021

Revenue$55,287,830
Expenses$31,550,814
Net Income$23,737,016
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 11, 2022
Return Version
2020v4.2
Gross Receipts
$63,914,932
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$33,738,152$48,877,654▲ $15,139,502
Pledges and Grants Receivable$10,371,276$21,851,215▲ $11,479,939
Cash and Non-Interest-Bearing Accounts$6,531,283$10,919,387▲ $4,388,104
Accounts Receivable$50,394$339,164▲ $288,770
Savings and Temporary Cash Investments$200,206$200,211▲ $5
Prepaid Expenses and Deferred Charges$497,510$154,319▼ $343,191
Land, Buildings, and Equipment, Net$39,258$9,701▼ $29,557
Total Assets$52,649,926$84,154,444▲ $31,504,518
Other Assets Total$1,221,847$1,802,793▲ $580,946
Liabilities
Accounts Payable and Accrued Expenses$1,668,360$2,128,467▲ $460,107
Other Liabilities$1,401,653$1,600,557▲ $198,904
Grants Payable$610,866$656,383▲ $45,517
Total Liabilities$3,680,879$4,385,407▲ $704,528
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$30,425,611$48,615,060▲ $18,189,449
Net Assets With Donor Restrictions$18,543,436$31,153,977▲ $12,610,541
Total Net Assets Fund Balance$48,969,047$79,769,037▲ $30,799,990
Total Liabilities and Net Assets / Fund Balance$52,649,926$84,154,444▲ $31,504,518

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$899,760$899,760
Other Land Buildings$1,828$406,688$408,516
Leasehold Improvements$7,873$287,567$295,440

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$3,691,630$500,000▲ $989,153$0$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
2016$2,219,747-▲ $230,687$110,294$2,334,417
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janis Searles JonesCEOFT$353,003$178,552$531,555
Emily WoglomEvpFT$244,967$34,501$279,468
Sarah HumphriesVP, Resource DevelopmentFT$227,930$38,071$266,001
Chris DorsettVP Conservation Policy & ProgramsFT$211,045$46,710$257,755
Katherine AndrewsChief of StrategyFT$230,109$12,423$242,532
Kenneth DonaldsonCFOFT$214,624$24,471$239,095
Julia RobersonVP CommunicationsFT$203,513$24,637$228,150
Scott HighleymanVP Arctic ProgramsFT$166,860$45,162$212,022
Anne MerwinVP ConservationFT$159,736$43,520$203,256
George LeonardChief ScientistFT$156,193$43,712$199,905
Teresa ParsonsDirector Program DevelopmentFT$156,551$41,506$198,057
Kelly LuckDirector, Foundation & Gov't SupportFT$144,574$42,586$187,160
Malissa LashSr. Director, Resource DevelopmentFT$143,978$42,533$186,511
Michelle FreySr. Director, Digital OutreachFT$137,432$47,903$185,335
Jeffrey WattersSr. Director, Conservation PolicyFT$150,605$23,461$174,066
Richard SheardSr. Director, Shipping EmissionsFT$137,143$20,595$157,738

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Newport One IncFundraising Consulting21 Railroad, Duxbury, MA 02332$304,550
Silverback Strategies IncAdvertising Services1310 N Courthouse Rd Suite 870, Arlington, VA 22201$294,938
University of Georgia Research FoundatioResearch210 S Jackson St, Athens, GA 30602$261,427
Ocean Wonks LLCPolicy Counsel175 Carroll Avenue, Newport, RI 02840$221,854
Alaska StrategiesPolicy Counsel5116 A West 80th, Anchorage, AK 99502-8079$150,021
Revenue and Support

Revenue Composition

Contributions and Grants
$53,132,508
Program Service Revenue
$0
Investment Income
$1,602,958
Other Revenue
$552,364
All Other Contributions
$52,066,834
Change in Net Assets
$23,737,016

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 Traded58$523,665Fair market value
Total Noncash Contributions58$523,665-

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,176,065
Revenue Not Reported on Financial Statements
$111,765
Revenue Not Reported on Form 990
$7,559,859
Total Revenue per Audited Statements
$62,735,924
Total Revenue per Form 990
$55,287,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,173,474
Other Expenses$12,830,536
Total Fundraising Expense$4,860,283
Grants and Similar Amounts Paid$2,214,771
Professional Fundraising Fees$332,033

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,984,316$928,742$1,425,401$10,338,459
Fees for Services Other$4,150,675$400,327$305,099$4,856,101
Office Expenses$2,788,539$282,443$1,683,671$4,754,653
Current Officers, Directors, Trustees, and Key Employees$2,348,988$248,804$419,375$3,017,167
Other Employee Benefits$1,068,148$113,139$190,701$1,371,988
Foreign Grants$1,226,960--$1,226,960
Occupancy$908,198$157,057$146,636$1,211,891
Grants to Domestic Orgs$987,811--$987,811
Payroll Taxes$734,403$77,788$131,116$943,307
Advertising$518,615$2,356$120,007$640,978
Pension Plan Contributions$391,258$41,442$69,853$502,553
Fees for Services Professional Fundraising--$332,033$332,033
Fees for Services Legal$78,925$7,492$27,105$113,522
Fees for Service Investment Mgmnt Fees-$111,765-$111,765
Fees for Services Accounting-$106,829-$106,829
Insurance-$100,719-$100,719
Conferences and Meetings$76,749$4,169$1,352$82,270
Depreciation Depletion$28,579$5,516$5,102$39,197
Information Technology$6,248$1,269$1,067$8,584
Travel$2,120$116$37$2,273
Other Expenses$198,887$1,993$-200,880$0
Total Functional Expenses$3,498,428$35,043$2,306,977$5,840,448

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$31,935,934
Total Expenses per Form 990$31,550,814
Expenses per Audited Statements$31,439,049
Expenses Not Reported on Form 990$496,885
Expenses Not Reported on Financial Statements$111,765
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arizona State UniversityTempe, AZ115Research$361,680
Gulf On Maine Lobster FoundationKennebunk, ME501(c)(3)Ghost gear retrieval$121,945
First Alaskans InstituteAnchorage, AK501(c)(3)Indigenous Stewardship Fellowship$85,000
Ocean FoundationWashington, DC501(c)(3)Plant sea grass$80,000
University Of Georgia Research Foundation IncAhtens, GA501(c)(3)Circularity Assessment Protocol$72,336
University Of California Santa CruzSanta Cruz, CA501(c)(3)Fellowship support - Capstone Project$32,000
Green Diversity Initiative Dba Green 20Washington, DC501(c)(3)Green 2.0 Support$25,000
University Of FloridaGainesville, FL115Research$24,000
Big Blue & You IncMiami, FL501(c)(3)Shores Forward Initiative$22,500
Dream In GreenMiami, FL501(c)(3)Green schools challenge$20,000
Puget Soundkeeper AllianceSeattle, WA501(c)(3)ICC cleanup event$20,000
Hawaii Pacific UniversityHoholulu, HI501(c)(3)Ghost gear retrieval$15,000
Community PartnersMove LaLos Angeles, CA501(c)(3)Research and webinar support$10,000
Ecology CenterBerkeley, CA501(c)(3)Ecology Center's Education and Engagement Program - Resource Center$10,000
Friends Of The EnvironmentCoconut Creek, FL501(c)(3)ICC cleanup event$10,000
Loggerhead Marinelife CenterJuno Beach, FL501(c)(3)ICC cleanup event$10,000
Mariposa Dr FoundationIthaca, NY501(c)(3)ICC cleanup event$10,000
Occidental CollegeLos Angeles, CA501(c)(3)Moving Forward Network Survey programming$10,000
Save The BayProvidence, RI501(c)(3)ICC cleanup event$10,000
West Oakland Environmental Indicators ProjectOakland, CA501(c)(3)Programming for the Oakland Shoreline Leadership Academy$10,000
Keep America Beautiful SystemWilmington, NC501(c)(3)ICC cleanup event$6,350

International Summary

Offices
1
Employees
1
Spending
$2,114,148

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)Grants to recipients located in regionConsulting services, photography and videography, program services00$460,869
Europe (Including Iceland & Greenland)Program ServicesConsulting services00$408,916
South AsiaGrants to recipients located in region-00$347,876
North AmericaProgram Services-11$159,013
South AmericaGrants to recipients located in region-00$135,000
North AmericaGrants to recipients located in regionConsulting services, supplies, shipping cutoms tax00$128,472
South AmericaProgram Services-00$105,940
East Asia and the PacificProgram ServicesConsulting services00$83,883
East Asia and the PacificGrants to recipients located in regionConsulting services, photography and videography00$72,743
Central America and the CaribbeanProgram ServicesConsulting, photography and videography00$72,650
Sub-Saharan AfricaGrants to recipients located in region-00$54,000
Sub-Saharan AfricaProgram Services-00$34,700
Central America and the CaribbeanGrants to recipients located in regionConsulting services00$28,000
East Asia and the PacificProgram ServicesConsulting services, photography and videography, supplies, subscription00$21,086
Middle East and North AfricaProgram Services-00$1,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$332,033
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$1,038,682
Deferred lease obligations$377,591
Deferred compensation liability$184,284
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 No 800, Washington, DC 20036

Signing Officer

Name
Kenneth Donaldson
Title
Chief Financial Officer
Phone
2024295609
Signed
2022-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Donaldson
Formed
1972
Legal Domicile
Dc
Voting Board Members
15
Independent Board Members
14
Employees
130
Volunteers
221,589

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 IX, line 11G

Consultants, contractors, temporary help, and other professional fees: Program service expenses 4,150,675. Management and general expenses 400,327. Fundraising expenses 305,099. Total expenses 4,856,101.

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.

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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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