Civic Intelligence

Ocean Conservancy Inc.

990 • Fiscal year 2023 • EIN 23-7245152

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 14, 2024

1300 19th ST NW Ste 800Washington, DC 20036

(202) 429-5609

Siviq Scores

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

Liabilities / Assets

38th percentile

0.16x

Higher debt load relative to assets than 38% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

45th percentile

0.31x

Higher debt load relative to revenue than 45% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

23rd percentile

-6.7%

Higher net margin than 23% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

81st percentile

$692,836

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

30th percentile

1.2%

Faster asset growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-2.1%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$96,130,718

Up $1,108,488 (+1.2%) from 2022

Net Assets

Up

$80,970,831

Up $221,558 (+0.3%) from 2022

Liabilities

Up

$15,159,887

Up $886,930 (+6.2%) from 2022

Revenue

Down

$48,602,165

Down $1,050,231 (-2.1%) from 2022

Expenses

Up

$51,861,192

Up $11,008,053 (+27%) from 2022

Net Income

Down

-$3,259,027

Down $12,058,284 (-137%) from 2022

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: $80,749,2732022Assets 2023: $96,130,718Liabilities 2023: $15,159,887Net Assets 2023: $80,970,8312023

Highlighted filing

2023

Assets$96,130,718
Liabilities$15,159,887
Net Assets$80,970,831

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: $8,799,2572022Revenue 2023: $48,602,165Expenses 2023: $51,861,192Net Income 2023: -$3,259,0272023

Highlighted filing

2023

Revenue$48,602,165
Expenses$51,861,192
Net Income-$3,259,027
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 14, 2024
Return Version
2022v5.0
Gross Receipts
$60,021,404
Mission and Program Overview

Mission

Ocean conservancy unites science, people, and policy to protect our ocean, today and for generations to come.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$46,377,386$54,366,481▲ $7,989,095
Pledges and Grants Receivable$11,364,895$16,122,007▲ $4,757,112
Cash and Non-Interest-Bearing Accounts$25,463,997$13,159,585▼ $12,304,412
Prepaid Expenses and Deferred Charges$1,088,465$1,565,322▲ $476,857
Land, Buildings, and Equipment, Net$1,080,483$1,427,282▲ $346,799
Accounts Receivable$556,165$1,241,823▲ $685,658
Savings and Temporary Cash Investments$200,236$200,271▲ $35
Total Assets$95,022,230$96,130,718▲ $1,108,488
Other Assets Total$8,890,603$8,047,947▼ $842,656
Liabilities
Other Liabilities$8,929,635$8,531,038▼ $398,597
Accounts Payable and Accrued Expenses$4,782,879$5,478,588▲ $695,709
Grants Payable$560,443$1,150,261▲ $589,818
Total Liabilities$14,272,957$15,159,887▲ $886,930
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$49,845,718$55,451,765▲ $5,606,047
Net Assets With Donor Restrictions$30,903,555$25,519,066▼ $5,384,489
Total Net Assets Fund Balance$80,749,273$80,970,831▲ $221,558
Total Liabilities and Net Assets / Fund Balance$95,022,230$96,130,718▲ $1,108,488

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,017,134$161,368$1,178,502
Equipment$200,787$834,220$1,035,007
Other Land Buildings$209,361$505,155$714,516
Other Assets Org$57,802--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$4,499,785-▲ $400,709$210,511$4,689,983
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janis Searles JonesCEOFT$440,860$251,976$692,836
Sarah HumphriesChief Development OfficerFT$281,786$39,352$321,138
Emily WoglomEvpFT$276,460$36,527$312,987
Chris DorsettVP, ConservationFT$241,422$47,344$288,766
Katherine AndrewsChief of StrategyFT$253,176$34,107$287,283
Kenneth DonaldsonCFOFT$241,039$23,600$264,639
Adrienne LoftinChief People & Culture OfficerFT$237,481$23,956$261,437
George LeonardChief ScientistFT$180,949$43,226$224,175
Malissa LashVP, Resource DevelopmentFT$181,426$41,928$223,354
Jeffrey WattersVP, External AffairsFT$186,216$31,085$217,301
Scott HighleymanVP, Arctic ProgramsFT$185,145$30,639$215,784
Julia RobersonVP, CommunicationsFT$181,514$19,459$200,973

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Newport One IncFundraising Consulting21 Railroad Avenue, Duxbury, MA 02332$545,803
iWRC Global LLCPlastics Policy Analysis217 Beech Street, Cranford, NJ 07016$433,938
Whirled Interactive LLCMarketing Consulting8137 Naylor Avenue, Los Angeles, CA 90045$335,664
Ocean Wonks LLCPolicy Counsel175 Carroll Avenue, Newport, RI 02840$280,000
4Site Interactive Studios IncWebsite Consulting3431 14th Street NW, Washington, DC 20010$183,940
Revenue and Support

Revenue Composition

Contributions and Grants
$47,087,114
Program Service Revenue
$0
Investment Income
$626,127
Other Revenue
$888,924
All Other Contributions
$44,893,809
Change in Net Assets
$-3,259,027

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 Traded68$207,852Fair market value
Other Non Cash Contri Table92$19,307Fair Market Value
Total Noncash Contributions160$227,159-

Audited Revenue Reconciliation

Revenue per Audited Statements
$48,461,630
Revenue Not Reported on Financial Statements
$140,535
Revenue Not Reported on Form 990
$3,951,875
Total Revenue per Audited Statements
$52,413,505
Total Revenue per Form 990
$48,602,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,232,131
Salaries, Compensation, and Employee Benefits$23,063,287
Total Fundraising Expense$6,407,147
Grants and Similar Amounts Paid$3,694,313
Professional Fundraising Fees$871,461

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,152,929$2,135,120$2,091,040$16,379,089
Fees for Services Other$9,045,134$680,205$258,134$9,983,473
Office Expenses$4,057,785$412,706$2,138,367$6,608,858
Grants to Domestic Orgs$2,855,659--$2,855,659
Current Officers, Directors, Trustees, and Key Employees$1,799,027$310,418$309,542$2,418,987
Other Employee Benefits$1,651,709$284,999$284,194$2,220,902
Travel$1,303,857$258,179$73,329$1,635,365
Payroll Taxes$995,813$171,826$171,340$1,338,979
Occupancy$871,954$224,704$139,685$1,236,343
Conferences and Meetings$853,080$166,939$47,415$1,067,434
Fees for Services Professional Fundraising--$871,461$871,461
Foreign Grants$838,654--$838,654
Advertising$619,645$2,098$140,861$762,604
Pension Plan Contributions$524,562$90,512$90,256$705,330
Fees for Services Lobbying$502,828--$502,828
Information Technology$266,232$132,340$45,239$443,811
Depreciation Depletion$188,507$29,635$18,182$236,324
Fees for Services Legal$148,148$3,473$22,030$173,651
Fees for Services Accounting-$153,667-$153,667
Insurance$1,197$142,436-$143,633
Fees for Service Investment Mgmnt Fees-$140,535-$140,535
Other Expenses$535,948$3,487$-539,435$0
Total Functional Expenses$4,660,495$30,312$2,887,234$7,578,041

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$52,191,947
Total Expenses per Form 990$51,861,192
Expenses per Audited Statements$51,720,657
Expenses Not Reported on Form 990$471,290
Expenses Not Reported on Financial Statements$140,535
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Global Resilient Cities NetworkNew York, NY501(c)(3)Conservation education$375,000
Arizona State UniversityTempe, AZ115Fisheries modeling research and analysis$243,632
University of South FloridaTampa, FL115Research$237,518
University of GeorgiaAthens, GA501(c)(3)Urban Ocean Circularity Assessment Protocol working group$184,882
Native American Rights FundBoulder, CO501(c)(3)North Bering Sea Fisheries$150,000
Debris Free Global Inc dba Debris Free OceansMiami, FL501(c)(3)Conservation education$120,466
Big Blue & YouMiami, FL501(c)(3)Conservation education$106,502
Global Resilient Cities NetworkNew York, NY501(c)(3)Urban Ocean Partnership and Program support$100,280
Yakutat Tlinglt TribeYakutat, AK501(c)(3)Ecological & cultural conservation$82,283
Asociacion Interamericanca Para La Defensa Del Ambiente (AIDA)San Francisco, CA501(c)(3)Decarbonizing international shipping in Latin America$75,000
Bering Sea Fishermen's AssociationAchorage, AK501(c)(3)Tribal conservation & management$75,000
Conservation Action Fund Sponsored by Environmental GroupsSacramento, CA115CA Plastics Ballot Initiative$65,000
Aleut Community of St Paul Island Tribal GovernmentAnchorage, AK501(c)(3)Tribal conservation & management$64,129
Alaska Conservation FoundationAnchorage, AK501(c)(3)Arctic Safe Shipping Network in the Bering Strait support$40,000
Black in Marine ScienceSpokane, WA501(c)(3)General support$40,000
Aleut Community of St Paul Island Tribal Government of St PaulAnchorage, AK501(c)(3)Tribal conservation & management$35,000
Ocean Risk and Resilience Action Alliance IncWashington, DC501(c)(3)General support$30,000
Surfrider FoundationSan Clemente, CA501(c)(3)Ghost gear retrieval$26,500
Green 20Washington, DC501(c)(3)General support$25,000
Renewable Energy Alaska ProjectAnchorage, AK501(c)(3)Alaska Marine Energy Landscape Analysis project$25,000
Gulf of Maine Lobster FoundationKennebunk, ME501(c)(3)Derelict fishing gear and large debris removal$22,055
Bridge The Gap Outreach CenterSuffolk, VA501(c)(3)Conservation education$20,000
Climate Resilient CommunitiesPalo Alto, CA501(c)(3)Conservation education$20,000
Diving With A Purpose & Development Group Inc dba DWPNashville, TN501(c)(3)Conservation education$20,000
Ecology CenterBerkeley, CA501(c)(3)Conservation education$20,000
Girls Play Trumpet TooNew Orleans, LA501(c)(3)Conservation education$20,000
GlassrootsNew Orleans, LA501(c)(3)Recycling program support$20,000
Greater Works FoundationNewport News, VA501(c)(3)Conservation education$20,000
Green The ChurchOakland, CA501(c)(3)Conservation education$20,000
Gullah Geechee Angel NetworkGoose Creek, SC501(c)(3)Conservation education$20,000
Hampton Roads Greenhouse Project LLCNewport News, VA501(c)(3)Conservation education$20,000
JK Reed Community Resource Center IncBaton Rouge, LA501(c)(3)Conservation education$20,000
Junebug Productions IncNew Orleans, LA501(c)(3)Conservation education$20,000
Kua'Aina Uu AuamoKaneohe, HI501(c)(3)Conservation education$20,000
Live Healthy Little HavanaMiami, FL501(c)(3)Conservation education$20,000
Loyola University New Orleans dba NAACPNew Orleans, LA501(c)(3)Conservation education$20,000
Mid-City Redevelopment AllianceBaton Rouge, LA501(c)(3)Conservation education$20,000
Mycelium Youth NetworkOakland, CA501(c)(3)Conservation education$20,000
Myillage Project IncJacksonville, FL501(c)(3)Conservation education$20,000
Newport News NAACPNewport News, VA501(c)(3)Conservation education$20,000
Ocean First InstituteBoulder, CO501(c)(3)Circularity Assessment Protocol Working Group$20,000
OceansAlaskaWrangell, AK501(c)(3)Conservation education$20,000
Old South Baton Rouge Economic Redevelopment GroupBaton Rouge, LA501(c)(3)Conservation education$20,000
Partnership Project IncWashington, DC501(c)(3)Environmental justice education$20,000
Rushmere Community Development Corporation dba Mathomak Village TribeSmithfiled, VA501(c)(3)Conservation education$20,000
Society of The Flora Fauna & FriendMiami, FL501(c)(3)Conservation education$20,000
The BRidge AgencyBaton Rouge, LA501(c)(3)Conservation education$20,000
The ResistanceBaton Rouge, LA501(c)(3)Coastal cleanup event$20,000
Ti Ayiti Preparedeness and Relief Institution (TAPARI)Miami, FL501(c)(3)Conservation education$20,000
University of Miami dba Office of Research AdministrationAtlanta, GA501(c)(3)Conservation education$20,000
West Oakland Environmental Indicators ProjectOakland, CA501(c)(3)Conservation education$20,000
Virginia Organizing IncCharlottesville, VA501(c)(3)BlackOak Collective support$14,000
Center For Alaskan Coastal StudiesHomer, AK501(c)(3)Coastal cleanup event$10,000
Deep South Center For Environmental JusticeNew Orleans, LA501(c)(3)Conservation education$10,000
Friends of The Environment IncDel Ray Beach, FL501(c)(3)Coastal cleanup event$10,000
Inuit Circumpolar Council AlaskaAnchorage, AK501(c)(3)Coastal cleanup event$10,000
Puget Soundkeeper AllianceSeattle, WA501(c)(3)Coastal cleanup event$10,000
Save Our ShoresSanta Cruz, CA501(c)(3)Coastal cleanup event$10,000
Scuba Dogs SocietyGuaynabo, PR501(c)(3)Coastal cleanup event$10,000
Sitka Sound Science CenterSitka, AK501(c)(3)Coastal cleanup event$10,000
Takshanuk Watershed CouncilHaines, AK501(c)(3)Coastal cleanup event$10,000

International Summary

Offices
1
Employees
1
Spending
$3,998,318

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
East Asia and the PacificProgram ServicesConsulting services, travel, meetings & conferences, subscriptions/dues, photography, advertising00$849,987
Central America and the CaribbeanProgram ServicesConsulting services, travel, meetings & conferences00$630,869
South AmericaGrants to recipients located in the region-00$550,554
South AmericaProgram ServicesConsulting services, travel, meetings & conferences00$542,346
Sub-Saharan AfricaProgram ServicesConsulting services, travel, meetings & conferences, supplies00$427,435
Europe (Including Iceland & Greenland)Program ServicesConsulting services, meetings & conferences, supplies00$412,975
North America - Canada and Mexico, but not the United StatesProgram ServicesConsulting services, travel, meetings & conferences, photography, subscriptions/dues11$167,796
North America - Canada and Mexico, but not the United StatesGrants to recipients located in the region-00$97,000
Sub-Saharan AfricaGrants to recipients located in the region-00$72,000
Middle East and North AfricaProgram ServicesConsulting services, photography00$69,900
South AsiaProgram ServicesConsulting, travel, meetings00$58,356
East Asia and the PacificGrants to recipients located in the region-00$55,000
Europe (Including Iceland & Greenland)Grants to recipients located in the region-00$54,100
Central America and the CaribbeanGrants 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$871,461
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 liabilities operating leases$6,953,062
Gift annuity payment liability$1,222,842
Deferred compensation liability$355,134
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 B, line 11B

The 990 is prepared by an outside firm. The CFO and Director of Finance perform detailed reviews of the 990, reconcile any questions and modify 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
2024-02-14
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
182
Volunteers
646,364

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, we create evidence-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 9,045,134. Management and general expenses 680,205. Fundraising expenses 258,134. Total expenses 9,983,473.

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.

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