Ocean Outcomes

“Clarified that paid staff are not eligible to become voting members of the board of directors, but may become non-voting members. Removed the board chair as an official position.”

“On an annual basis, board members and all employees complete the conflict of interest questionnaire, which asks them to list each of the potential conflicts as described in the policy. The ceo and vp, finance and operations review the forms and disclosures for all members of the board and staff, respectively. For the board members, the ceo makes a summary of the results and gives them to the executive committee for review. The executive 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 him/herself from a decision, to disposing or terminating the conflicting relatioship). For employees, the management committee would review the conflict and perform a similar function to resolve the conflict.”

“On an annual basis, board members and all employees complete the conflict of interest questionnaire, which asks them to list each of the potential conflicts as described in the policy. The ceo and vp, finance and operations review the forms and disclosures for all members of the board and staff, respectively. For the board members, the ceo makes a summary of the results and gives them to the executive committee for review. The executive 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 him/herself from a decision, to disposing or terminating the conflicting relatioship). For employees, the management committee would review the conflict and perform a similar function to resolve the conflict.”

“The board of directors approves the ceo's salary after the review of an independent salary survey conducted by the executive committee. The process for determining the compensation of o2's directors include a review of comparable data for other similar nonprofits in the united states by the ceo and vp, finance and operations. A compensation review of all o2's staff salaries was performed in 2016.”

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

“Other: program service expenses 113,056. Management and general expenses 21,678. Fundraising expenses 1,448. Total expenses 136,182. Core independent contractors: program service expenses 321,840. Management and general expenses 2,000. Fundraising expenses 4,500. Total expenses 328,340. Core partners: program service expenses 213,944. Management and general expenses 0. Fundraising expenses 0. Total expenses 213,944.”

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