Ocean Outcomes

“Prior to filing with the irs, board members and officers will receive a copy of the form 990 to review.”

“On an annual basis, board members, all employees, and key contractors complete the conflict of interest questionnaire, which asks them to list each of the potential conflicts as described in the policy. The ed and director of finance and operations review the forms and disclosures for all members of the board and staff, respectively. For the board members, the ed makes a summary of the results and gives them to the finance committee for review. The finance committee of the board makes a determination as to whether the perceived conflict is real or not. We have not had a real conflict in the previous years, but if we did, the nature of the conflict would be reviewed by the board, and appropriate actions would be taken (depending on the type of conflict) to eliminate the conflict (this could be as simple as the board member recusing themself from a decision, to disposing or terminating the conflicting relationship). For employees, the finance committee would review the conflict and perform a similar function to resolve the conflict.”

“The board of directors approved the ed's salary after the review of an independent salary survey conducted by the finance committee. Salaries of the ed and staff are reviewed by the board annually during the budget review process. The process for determining the compensation of o2's officers and key employees include a review of comparable data for other similar nonprofits in the united states by the ed and director finance and operations. A compensation review of all o2's staff salaries was also performed in 2021 and will be reviewed at the end of 2025.”

“The most recent audited financials, governing documents and conflict of interest policy are available upon request at oceanoutcomes.org.”

“Core independent contractors: program service expenses 321,125. Management and general expenses 0. Fundraising expenses 0. Total expenses 321,125. Core partners: program service expenses 214,830. Management and general expenses 0. Fundraising expenses 0. Total expenses 214,830. Other: program service expenses 106,475. Management and general expenses 19,587. Fundraising expenses 20,750. Total expenses 146,812.”

“Uncollectable pledges -6,500.”

“The process has not changed from the prior year.”