Ocean Outcomes

“Bylaws were updated to clarify the role of the board chair and president.”

“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 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 director of 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 director finance and operations. A compensation review of all o2's staff salaries was also performed in 2021.”

“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.”

“Core independent contractors: program service expenses 220,004. Management and general expenses 8,725. Fundraising expenses 0. Total expenses 228,729. Core partners: program service expenses 166,523. Management and general expenses 6,604. Fundraising expenses 0. Total expenses 173,127. Other: program service expenses 128,456. Management and general expenses 4,869. Fundraising expenses 0. Total expenses 133,325.”

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