Civic Intelligence

Ocean Discovery Institute

990 • Fiscal year 2018 • EIN 33-0862531

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

4255 Thorn StreetSan Diego, CA 92105

(619) 795-8365

Siviq Scores

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

Liabilities / Assets

80th percentile

0.66x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

3.48x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

83rd percentile

30%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

36th percentile

$138,422

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

99th percentile

237%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

26%

Faster revenue growth than 82% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$18,142,467

Up $12,753,957 (+237%) from 2017

Net Assets

Up

$6,244,867

Up $1,039,560 (+20%) from 2017

Liabilities

Up

$11,897,600

Up $11,714,397 (+6394%) from 2017

Revenue

Up

$3,422,177

Up $716,011 (+26%) from 2017

Expenses

Up

$2,382,617

Up $611,200 (+35%) from 2017

Net Income

Up

$1,039,560

Up $104,811 (+11%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $1,708,954Liabilities 2011: $45,349Net Assets 2011: $1,663,6052011Assets 2012: $1,785,293Liabilities 2012: $89,869Net Assets 2012: $1,695,4242012Assets 2013: $2,030,993Liabilities 2013: $45,532Net Assets 2013: $1,985,4612013Assets 2014: $2,139,881Liabilities 2014: $70,423Net Assets 2014: $2,069,4582014Assets 2015: $3,576,957Liabilities 2015: $69,147Net Assets 2015: $3,507,8102015Assets 2016: $4,683,746Liabilities 2016: $413,188Net Assets 2016: $4,270,5582016Assets 2017: $5,388,510Liabilities 2017: $183,203Net Assets 2017: $5,205,3072017Assets 2018: $18,142,467Liabilities 2018: $11,897,600Net Assets 2018: $6,244,8672018Assets 2019: $18,048,508Liabilities 2019: $11,477,676Net Assets 2019: $6,570,8322019Assets 2020: $18,755,488Liabilities 2020: $11,532,446Net Assets 2020: $7,223,0422020Assets 2021: $19,370,181Liabilities 2021: $11,455,064Net Assets 2021: $7,915,1172021Assets 2022: $19,639,328Liabilities 2022: $10,854,684Net Assets 2022: $8,784,6442022Assets 2023: $20,081,274Liabilities 2023: $10,483,389Net Assets 2023: $9,597,8852023Assets 2024: $19,750,389Liabilities 2024: $10,227,879Net Assets 2024: $9,522,5102024

Highlighted filing

2018

Assets$18,142,467
Liabilities$11,897,600
Net Assets$6,244,867

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,394,7042011Expenses 2012: $1,389,3102012Revenue 2013: $1,450,082Expenses 2013: $1,160,045Net Income 2013: $290,0372013Revenue 2014: $1,550,380Expenses 2014: $1,466,383Net Income 2014: $83,9972014Revenue 2015: $2,901,554Expenses 2015: $1,463,202Net Income 2015: $1,438,3522015Revenue 2016: $2,726,692Expenses 2016: $1,963,944Net Income 2016: $762,7482016Revenue 2017: $2,706,166Expenses 2017: $1,771,417Net Income 2017: $934,7492017Revenue 2018: $3,422,177Expenses 2018: $2,382,617Net Income 2018: $1,039,5602018Revenue 2019: $2,677,997Expenses 2019: $2,352,032Net Income 2019: $325,9652019Revenue 2020: $2,797,442Expenses 2020: $2,145,232Net Income 2020: $652,2102020Revenue 2021: $2,962,133Expenses 2021: $2,270,058Net Income 2021: $692,0752021Revenue 2022: $3,846,709Expenses 2022: $2,977,182Net Income 2022: $869,5272022Revenue 2023: $4,450,999Expenses 2023: $3,743,341Net Income 2023: $707,6582023Revenue 2024: $3,994,804Expenses 2024: $4,270,153Net Income 2024: -$275,3492024

Highlighted filing

2018

Revenue$3,422,177
Expenses$2,382,617
Net Income$1,039,560
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$3,562,142
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$600,636$16,117,269▲ $15,516,633
Cash and Non-Interest-Bearing Accounts$853,885$944,735▲ $90,850
Pledges and Grants Receivable$199,809$494,865▲ $295,056
Savings and Temporary Cash Investments$896,281$400,000▼ $496,281
Accounts Receivable$107,904$133,168▲ $25,264
Prepaid Expenses and Deferred Charges$39,250$44,143▲ $4,893
Inventories for Sale or Use$11,154$8,287▼ $2,867
Total Assets$5,388,510$18,142,467▲ $12,753,957
Other Assets Total$2,679,591--
Liabilities
Deferred Revenue-$11,701,667-
Accounts Payable and Accrued Expenses$183,202$195,933▲ $12,731
Other Liabilities$1--
Total Liabilities$183,203$11,897,600▲ $11,714,397
Net Assets / Fund Balance
Unrestricted Net Assets$4,267,021$5,407,115▲ $1,140,094
Temporarily Rstr Net Assets$938,286$837,752▼ $100,534
Total Net Assets Fund Balance$5,205,307$6,244,867▲ $1,039,560
Total Liabilities and Net Assets / Fund Balance$5,388,510$18,142,467▲ $12,753,957

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$15,573,464$126,576$15,700,040
Land$495,491-$495,491
Equipment$48,314$148,810$197,124
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shara FislerExecutive DirectorFT$138,422$138,422

Board Members and Trustees

NameTitle
Scott PearsonBoard Chair
Tres ConriqueVice Chair
Carolina BarrazaBoard Member
Clifford SchneiderBoard Member
Dan McClellanBoard Member
Dave BialisBoard Member
Drew AukerBoard Member
John JohnsBoard Member
Kurt GeringBoard Member
Michael LucasBoard Member
Noelle NortonBoard Member
Stewart A HalpernBoard Member
Theodore J GriswoldBoard Member
Claudia RodriguezSecretary
Mindy DominekTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,341,225
Program Service Revenue
$100,133
Investment Income
$6,334
Other Revenue
$-25,515
All Other Contributions
$2,378,948
Change in Net Assets
$1,039,560

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,422,177
Total Revenue per Audited Statements
$3,422,177
Total Revenue per Form 990
$3,422,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,345,161
Other Expenses$1,020,180
Total Fundraising Expense$298,180
Grants and Similar Amounts Paid$17,276
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$637,542$214,835$164,053$1,016,430
Other Expenses$268,273$47,810$2,006$316,083
Depreciation Depletion$172,708$21,588$21,588$215,884
Current Officers, Directors, Trustees, and Key Employees$55,369$27,684$55,369$138,422
Office Expenses$118,007$2,263$2,263$122,533
Payroll Taxes$57,808$20,233$18,306$96,347
Other Employee Benefits$56,377$19,732$17,853$93,962
Travel$65,401--$65,401
Occupancy$49,503$6,188$6,188$61,879
All Other Expenses$31,557$13,292-$44,849
Insurance$30,295$6,290-$36,585
Information Technology$29,072$3,634$3,634$36,340
Fees for Services Accounting$15,840$3,960-$19,800
Advertising-$17,750-$17,750
Grants to Domestic Individuals$17,276--$17,276
Interest-$204$5,053$5,257
Fees for Services Legal$129$32-$161
Total Functional Expenses$1,672,886$411,551$298,180$2,382,617

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,382,617
Total Expenses per Audited Statements$2,382,617
Total Expenses per Form 990$2,382,617
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$136,523
Fundraising Gross Income$107,691
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2018 Gala$573,866$107,691$29,330$78,361
Total Events$573,866$107,691$136,523$-28,832
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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, Line 11B

The treasurer pre-approves the tax returns and then the board of directors is e-mailed prepared tax returns one week before the board meeting. At the meeting a vote is taken to approve tax returns

Form 990, Part VI, Line 12C

New board members are required to sign a conflict of interest statement indicating that they have no conflicts of interest or potential conflicts of interest. An inquiry regarding any conflicts of interest is discussed annually at a board meeting to ensure compliance with the policy.

Form 990, Part VI, Line 15A

The board of directors conducts an annual review of the executive director and decides on his/her salary by comparing it with the salaries of other executive directors in the area.

Form 990, Part VI, Line 19

The 990 is available on guidestar.org and is also available on oceandiscovery.org.

Filing and Contact Details

Filer

Filer Name
Ocean Discovery Institute
EIN
33-0862531
Phone
6197958365
Address
4255 Thorn Street, San Diego, CA 92105

Signing Officer

Name
Shara Fisler
Title
Executive Director
Phone
6197958365
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shara Fisler
Formed
1999
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
55
Volunteers
346

Preparer

Firm
Munger & Company CPAs
Address
5814 Van Allen Way Suite 200, Carlsbad, CA 92008
Preparer
Roland W Munger
Phone
7607308020
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Ocean discovery institute is a california non-profit corporation organized in 1999 that uses ocean science to empower young people from underserved urban communities to transform their lives, community, and world as science and conservation leaders. The education services are provided tuition free and primarily benefit lower income students in city heights, ca. Each year, approximately 5,000 young people participate in hands-on science and conservation programs and the institute is growing to serve over 10,000 individuals over the next three years. The institute engages san diego teachers, stem professionals, and community members in a volunteer program. In 2018, 346 volunteers provided 7,829 hours in support of the mission.

Form 990, Part III, Line 1

Ocean discovery institute is a california non-profit corporation organized in 1999 that uses ocean science to empower young people from underserved urban communities to transform their lives, community, and world as science and conservation leaders. The education services are provided tuition free and primarily benefit lower income students in city heights, ca. Each year, approximately 5,000 young people participate in hands-on science and conservation programs and the institute is growing to serve over 10,000 individuals over the next three years. The institute engages san diego teachers, stem professionals, and community members in a volunteer program. In 2018, 346 volunteers provided 7,829 hours in support of the mission.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
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IRS990/OtherExpensesGrp/Desc2Postage and Printing
IRS990/OtherExpensesGrp/Desc3Professional Fees
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IRS990/OtherExpensesGrp/FundraisingAmt12006
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04050
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12006
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IRS990/OtherExpensesGrp/ProgramServicesAmt216046
IRS990/OtherExpensesGrp/ProgramServicesAmt3268273
IRS990/OtherExpensesGrp/TotalAmt050266
IRS990/OtherExpensesGrp/TotalAmt17334
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IRS990/OtherExpensesGrp/TotalAmt3316083
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0637542
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IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
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IRS990/PayrollTaxesGrp/FundraisingAmt018306
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IRS990/PrincipalOfficerNm0Shara Fisler
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IRS990/PYProgramServiceRevenueAmt0660
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IRS990/RevenueAmt0100133
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0896281
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0400000
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part III Section B Line 12 Other income consists of 466,175 which is wholly attributable to the annual Bubble Up Gala fundraiser and 3,196 of bad debt recovery.
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt026982741
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02374321
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02657231
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01293741
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02060
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03121
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt021
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0102414
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt014890
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt014670
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt013576
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0146210
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07616
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03121

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.8$10.2$9.52$3.99$4.27$0.28
2023Detailed filing. Detailed filing data is available for this year.$20.1$10.5$9.60$4.45$3.74$0.71
2022Detailed filing. Detailed filing data is available for this year.$19.6$10.9$8.78$3.85$2.98$0.87
2021Detailed filing. Detailed filing data is available for this year.$19.4$11.5$7.92$2.96$2.27$0.69
2020Detailed filing. Detailed filing data is available for this year.$18.8$11.5$7.22$2.80$2.15$0.65
2019Detailed filing. Detailed filing data is available for this year.$18.0$11.5$6.57$2.68$2.35$0.33
2018Detailed filing. Detailed filing data is available for this year.$18.1$11.9$6.24$3.42$2.38$1.04
2017Detailed filing. Detailed filing data is available for this year.$5.39$0.18$5.21$2.71$1.77$0.93
2016Detailed filing. Detailed filing data is available for this year.$4.68$0.41$4.27$2.73$1.96$0.76
2015Detailed filing. Detailed filing data is available for this year.$3.58$0.07$3.51$2.90$1.46$1.44
2014Detailed filing. Detailed filing data is available for this year.$2.14$0.07$2.07$1.55$1.47$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.03$0.05$1.99$1.45$1.16$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.09$1.70$1.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.05$1.66$1.39