Ocean Outcomes

“A search committee consisting of 4 board members and 2 staff members was created to undergo an executive search for a new executive director. The search committee was empowered to complete the search for a new ed and make a recommendation for hiring. The full board made the final decision on who to hire.”

“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 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 executive 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 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 221,928. Management and general expenses 11,049. Fundraising expenses 0. Total expenses 232,977. Core partners: program service expenses 224,250. Management and general expenses 11,165. Fundraising expenses 0. Total expenses 235,415. Other: program service expenses 100,799. Management and general expenses 262. Fundraising expenses 0. Total expenses 101,061.”

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