Civic Intelligence

Ocean Institute

990 • Fiscal year 2016 • EIN 33-0203488

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 02, 2017

Refreshing map…

24200 Dana Point Harbor DriveDana Point, CA 92629

(949) 496-2274

Siviq Scores

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

Liabilities / Assets

27th percentile

0.06x

Higher debt load relative to assets than 27% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

40th percentile

0.17x

Higher debt load relative to revenue than 40% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

14th percentile

-16%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

54th percentile

$185,600

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

13th percentile

-7.2%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

20th percentile

-12%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$16,111,851

Down $1,116,531 (-6.5%) from 2014

Net Assets

Down

$15,173,731

Down $1,376,584 (-8.3%) from 2014

Liabilities

Up

$938,120

Up $260,053 (+38%) from 2014

Revenue

Up

$5,567,582

Up $49,451 (+0.9%) from 2014

Expenses

Down

$6,432,433

Down $156,949 (-2.4%) from 2014

Net Income

Up

-$864,851

Up $206,400 (+19%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $15,905,324Liabilities 2011: $727,167Net Assets 2011: $15,178,1572011Assets 2013: $18,206,012Liabilities 2013: $579,003Net Assets 2013: $17,627,0092013Assets 2014: $17,228,382Liabilities 2014: $678,067Net Assets 2014: $16,550,3152014Assets 2016: $16,111,851Liabilities 2016: $938,120Net Assets 2016: $15,173,7312016Assets 2018: $15,349,184Liabilities 2018: $1,439,783Net Assets 2018: $13,909,4012018Assets 2019: $14,437,038Liabilities 2019: $1,757,639Net Assets 2019: $12,679,3992019Assets 2020: $14,165,458Liabilities 2020: $1,298,826Net Assets 2020: $12,866,6322020Assets 2021: $15,364,958Liabilities 2021: $1,003,710Net Assets 2021: $14,361,2482021Assets 2022: $14,909,007Liabilities 2022: $1,003,446Net Assets 2022: $13,905,5612022Assets 2024: $14,743,578Liabilities 2024: $1,108,541Net Assets 2024: $13,635,0372024

Highlighted filing

2016

Assets$16,111,851
Liabilities$938,120
Net Assets$15,173,731

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $6,352,4412011Revenue 2013: $7,782,663Expenses 2013: $6,110,144Net Income 2013: $1,672,5192013Revenue 2014: $5,518,131Expenses 2014: $6,589,382Net Income 2014: -$1,071,2512014Revenue 2016: $5,567,582Expenses 2016: $6,432,433Net Income 2016: -$864,8512016Revenue 2018: $6,339,185Expenses 2018: $6,828,673Net Income 2018: -$489,4882018Revenue 2019: $5,350,910Expenses 2019: $6,636,345Net Income 2019: -$1,285,4352019Revenue 2020: $4,080,915Expenses 2020: $3,931,999Net Income 2020: $148,9162020Revenue 2021: $4,927,903Expenses 2021: $3,455,834Net Income 2021: $1,472,0692021Revenue 2022: $4,036,794Expenses 2022: $4,417,606Net Income 2022: -$380,8122022Revenue 2024: $5,663,468Expenses 2024: $5,302,374Net Income 2024: $361,0942024

Highlighted filing

2016

Revenue$5,567,582
Expenses$6,432,433
Net Income-$864,851
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$6,919,246
Mission and Program Overview

Mission

The Ocean Institute is dedicated to increasing the awareness and understanding of the ocean environment through unique hands-on marine science and maritime history programs. Using the ocean as its classroom, the Ocean Institute inspires children to learn. The Institute utilized volunteers in the advancement of their mission. These volunteers provided hours which was valued at $88,000.

The Ocean Institute is dedicated to increasing the awareness and understanding of the ocean environment through unique hands-on marine science and maritime history programs. Using the ocean as its classroom, the Ocean Institute inspires children to learn.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,248,336$13,599,655▼ $648,681
Investments in Publicly Traded Securities$1,556,382$1,587,558▲ $31,176
Savings and Temporary Cash Investments$1,126,384$572,873▼ $553,511
Prepaid Expenses and Deferred Charges$131,436$142,505▲ $11,069
Pledges and Grants Receivable$196,500$106,500▼ $90,000
Inventories for Sale or Use$86,864$92,137▲ $5,273
Accounts Receivable$19,165$10,623▼ $8,542
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Total Assets$17,365,067$16,111,851▼ $1,253,216
Liabilities
Accounts Payable and Accrued Expenses$1,034,004$685,729▼ $348,275
Deferred Revenue$314,571$252,391▼ $62,180
Total Liabilities$1,348,575$938,120▼ $410,455
Net Assets / Fund Balance
Unrestricted Net Assets$14,165,110$13,586,173▼ $578,937
Permanently Rstr Net Assets$1,556,382$1,587,558▲ $31,176
Temporarily Rstr Net Assets$295,000$0▼ $295,000
Total Net Assets Fund Balance$16,016,492$15,173,731▼ $842,761
Total Liabilities and Net Assets / Fund Balance$17,365,067$16,111,851▼ $1,253,216

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$12,228,978$9,030,477$21,259,455
Other Land Buildings$1,182,206$1,034,642$2,216,848
Equipment$188,471$644,735$833,206
Buildings$0$0$0
Land$0-$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,556,382$0▲ $39,310$0$1,587,558
2015$1,557,783$0▲ $6,741$0$1,556,382
2014$1,538,043$0▲ $28,283$0$1,557,783
2013$1,405,705$103,000▲ $33,515$0$1,538,043
2012$1,253,422$100,000▲ $61,297$0$1,405,705
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dori MooreheadCEOFT$176,295$9,305$185,600
Doug AbramsonVice PresidentFT$97,399$5,439$102,838
Maary Lawson QuellmalzVice PresidentFT$93,382$5,220$98,602
Robert PoterajChief Financial OfficerFT$69,026$9,967$78,993

Board Members and Trustees

NameTitle
Mel ChambersChairperson
Cliff BreamVice Chairperson
Alan SimonBoard Member
Bill SteelBoard Member
Carlos OlveraBoard Member
Charlie SteinmetzBoard Member
Doug AbramsonBoard Member
Greg WohlBoard Member
Jens Von GierkeBoard Member
Jim SwensonBoard Member
Lisa BartlettBoard Member
Michael TorcasoBoard Member
Pat FuscoeBoard Member
Steve HarrisBoard Member
Susan PaishBoard Member
John TomlinsonBoard Member - Non Voting
Maurice MassonSecretary
Scott ConnellaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,307,994
Program Service Revenue
$3,319,829
Investment Income
$17,424
Other Revenue
$922,335
All Other Contributions
$839,156
Change in Net Assets
$-864,851

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,769,651
Revenue Not Reported on Financial Statements
$-202,069
Revenue Not Reported on Form 990
$22,090
Other Revenue Adjustments
$-202,069
Total Revenue per Audited Statements
$5,791,741
Total Revenue per Form 990
$5,567,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,404,749
Other Expenses$3,027,684
Total Fundraising Expense$660,803
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,389,578$78,259$90,248$2,558,085
Office Expenses$1,006,075$5,841$40,220$1,052,136
Depreciation Depletion$564,143$112,135$126,469$802,747
Current Officers, Directors, Trustees, and Key Employees$11,849$212,459$241,725$466,033
Occupancy$332,773$33,978$38,321$405,072
Fees for Services Other$206,064$9,494$77,347$292,905
Insurance$223,632$15,811$17,832$257,275
Payroll Taxes$200,188$4,835$5,815$210,838
Other Employee Benefits$149,828$5,775$10,318$165,921
Advertising$85,365$1,937$5,578$92,880
Travel$57,047$2,887$3,257$63,191
Fees for Services Accounting$0$23,497$0$23,497
Fees for Services Lobbying$13,094$2,776$3,131$19,001
Fees for Service Investment Mgmnt Fees$0$8,134$0$8,134
Conferences and Meetings$5,635$64$72$5,771
Fees for Services Legal$0$4,660$0$4,660
Pension Plan Contributions$113$3,357$402$3,872
Interest$286$61$68$415
Total Functional Expenses$5,245,670$525,960$660,803$6,432,433

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,634,502
Expenses per Audited Statements$6,432,433
Total Expenses per Form 990$6,432,433
Expenses Not Reported on Form 990$202,069
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$1,684,500
Gaming Direct Expenses$1,149,595
Fundraising Gross Income$222,681
Fundraising Direct Expenses$36,347
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jazz Festival$222,681$176,680$0$176,680
Total Events$222,681$176,680$36,347$140,333
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 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 1A

The Board of Directors of the Ocean Institute has appointed an Executive Committee to handle the day to day affairs of the organization. The Committee is comprised of seven (7) members of the Board of Directors. The Board of Directors has delegated this authority to the Executive Committee.

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

Prior to submission, the Ocean Institute provided each member of the Executive Committee with a copy of Form 990 and all related schedules. Executive Committee members were asked to review the filing and provide comments and potential corrections to the filing. The comments and potential corrections were used to provide the final review of the form for filing. This is in accordance with the establishment of the Executive Committee as detailed in the explanation to Line 1A of Section A, Part VI.

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

The Board of Directors and key employees are asked each year to update their Conflict of Interest information. This information is used to determine if conflicts exist and if such conflicts provide a problem for the organization in the provision of services. All conflicts are resolved prior to any board member or key employee being allowed to continue in service to the organization.

Form 990, Part VI, Section B, Line 13

The Ocean Institute maintains a Whistleblower Protection Policy in accordance with all applicable Federal, State and local laws, rules and regulations. The policy is posted at the offices of the Ocean Institute in accordance with CAL/OSHA regulations.

Form 990, Part VI, Section B, Line 14

The Ocean Institute maintains a Document Destruction and Retention Policy. The policy incorporates the reasons and risks of retention of various documents within the organization. The policy is reviewed on an annual basis.

Form 990, Part VI, Section B, Line 15

The compensation of the CEO is established annually by the Board of Directors with input from all appropriate sources including salary surveys, budget review, etc. The compensation of all other executives is reviewed annually during the budget process. The budget, including all salaries is reviewed and approved by the Board of Directors.

Form 990, Part VI, Section C, Line 19

The Ocean Institute, upon request, provides all public documents including Form 990, governing documents and financial statements to any requesting party. In addition, such documents are available on the Ocean Institute website and on independent websites including Guidestar.

Filing and Contact Details

Filer

Filer Name
Ocean Institute
EIN
33-0203488
Phone
9494962274
Address
24200 Dana Point Harbor Drive, Dana Point, CA 92629

Signing Officer

Name
Lane Avery
Title
Chief Financial Officer
Phone
9494962274
Signed
2017-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lane Avery
Formed
1986
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
14
Employees
184
Volunteers
441

Preparer

Firm
John Gregory Valenzuela CPA
Address
237 E Bagnall Ave, Placentia, CA 92870
Preparer
John Valenzuela
Phone
7145288958
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

The Ocean Institute obtains volunteers from a number of sources including schools, referrals and their website. All volunteers are screened and trained for the duties they will be assigned. Volunteers sign in and out thereby providing the proper documentation for accounting purposes. During 2016, 184 volunteers provided a total of 441 hours to the programs of the Ocean Institute.

Form 990, Part IV, Line 18

The Ocean Institute conducts special events on an annual basis. The Ocean Institute conducted one event during 2016: The Jazz Event. These events are conducted in accordance with all applicable laws and regulations. The events are not considered to be unrelated business income due to not being conducted regularly.

Form 990, Part V, Line 7C

During 2016, the Ocean Institute was not required to file Form 8282 for any dispositions of tangible personal property.

Form 990, Part V, Line 7G

During 2016, the Ocean Institute did not receive any contributions of intellectual property.

Form 990, Part V, Line 7H

During 2016, the Ocean Institute did not receive any contributions of cars, boats, airplanes or other vehicles.

Financial Statement Notes

Schedule D, Part V, Line 4

The Permanent Endowment Funds will be used to ensure financial security for the organization and enable ongoing funding for the educational programs for future generations of students. The goal of the endowment is $20 million. No funds have been taken from the endowment since its establishment.

Schedule D, Part XI, Line 4B

Amounts included in Part VIII of Form 990 and not in Revenue on the Audit are as follows: $165,722 - Cost of Goods Sold netted against Sales on Line 10b of Part VIII in accordance with the requirements of Form 990, $36,347 - direct Expenses of Fundraising Events netted against Fundraising Revenue on Line 8b of Part VIII in accordance with the requirements of Form 990.

Schedule D, Part XII, Line 2D

Amounts included in Part IX of Form 990 and not in Expenses on the Audit are as follows: $165,722 - Cost of Goods Sold netted against Sales on Line 10b of Part VIII in accordance with the requirements of Form 990, $36,347 - Direct Expenses of Fundraising Events netted against Fundraising revenue on Line 86 of Part VIII in accordance with the requirements of Form 990.

Schedule D, Part XII, Line 4B

Amounts included in Part XII of Form 990 and not in Expenses on the Audit are as follows: $165,722 - Cost of Goods Sold netted against Sales on Line 10b of Part VIII in accordance with the requirements of Form 990,

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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/Form990PartVIISectionAGrp/PersonNm0Mel Chambers
IRS990/Form990PartVIISectionAGrp/PersonNm1Cliff Bream
IRS990/Form990PartVIISectionAGrp/PersonNm2Maurice Masson
IRS990/Form990PartVIISectionAGrp/PersonNm3Scott Connella
IRS990/Form990PartVIISectionAGrp/PersonNm4Bill Steel
IRS990/Form990PartVIISectionAGrp/PersonNm5Jim Swenson
IRS990/Form990PartVIISectionAGrp/PersonNm6Pat Fuscoe
IRS990/Form990PartVIISectionAGrp/PersonNm7Charlie Steinmetz
IRS990/Form990PartVIISectionAGrp/PersonNm8Michael Torcaso
IRS990/Form990PartVIISectionAGrp/PersonNm9Jens Von Gierke
IRS990/Form990PartVIISectionAGrp/PersonNm10Greg Wohl
IRS990/Form990PartVIISectionAGrp/PersonNm11Steve Harris
IRS990/Form990PartVIISectionAGrp/PersonNm12Alan Simon
IRS990/Form990PartVIISectionAGrp/PersonNm13Susan Paish
IRS990/Form990PartVIISectionAGrp/PersonNm14John Tomlinson
IRS990/Form990PartVIISectionAGrp/PersonNm15Lisa Bartlett
IRS990/Form990PartVIISectionAGrp/PersonNm16Carlos Olvera
IRS990/Form990PartVIISectionAGrp/PersonNm17Doug Abramson
IRS990/Form990PartVIISectionAGrp/PersonNm18Dori Moorehead
IRS990/Form990PartVIISectionAGrp/PersonNm19Robert Poteraj
IRS990/Form990PartVIISectionAGrp/PersonNm20Maary Lawson Quellmalz
IRS990/Form990PartVIISectionAGrp/PersonNm21Doug Abramson
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
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IRS990/MissionDesc0The Ocean Institute is dedicated to increasing the awareness and understanding of the ocean environment through unique hands-on marine science and maritime history programs. Using the ocean as its classroom, the Ocean Institute inspires children to learn. The Institute utilized volunteers in the advancement of their mission. These volunteers provided hours which was valued at $88,000.
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IRS990/NetIncomeOrLossGrp/ExclusionAmt00

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