Civic Intelligence

The Ocean Foundation

EIN 71-0863908 • 501(c)3 • Washington, DC

Profile

The Ocean Fdn is a unique community foundation with a

1320 19th Street NW Suite 401Washington, DC 20036

www.oceanfdn.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.19x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.23x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

36th percentile

0.1%

Higher net margin than 36% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

77th percentile

26%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$23,212,933

Up $6,497,249 (+39%) from 2022

Liabilities

Up

$4,362,097

Up $3,301,313 (+311%) from 2022

Net Assets

Up

$18,850,836

Up $3,195,936 (+20%) from 2022

Revenue

Up

$18,847,028

Up $7,050,494 (+60%) from 2022

Expenses

Up

$18,826,931

Up $7,285,459 (+63%) from 2022

Net Income

Down

$20,097

Down $234,965 (-92%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2012: $3,568,985Liabilities 2012: $162,947Net Assets 2012: $3,406,0382012Assets 2013: $2,808,790Liabilities 2013: $107,277Net Assets 2013: $2,701,5132013Assets 2014: $2,796,059Liabilities 2014: $206,754Net Assets 2014: $2,589,3052014Assets 2015: $4,189,522Liabilities 2015: $297,336Net Assets 2015: $3,892,1862015Assets 2016: $3,527,793Liabilities 2016: $526,708Net Assets 2016: $3,001,0852016Assets 2017: $4,325,615Liabilities 2017: $498,821Net Assets 2017: $3,826,7942017Assets 2018: $5,482,926Liabilities 2018: $726,911Net Assets 2018: $4,756,0152018Assets 2020: $15,351,389Liabilities 2020: $492,259Net Assets 2020: $14,859,1302020Assets 2021: $16,392,830Liabilities 2021: $807,781Net Assets 2021: $15,585,0492021Assets 2022: $16,715,684Liabilities 2022: $1,060,784Net Assets 2022: $15,654,9002022Assets 2024: $23,212,933Liabilities 2024: $4,362,097Net Assets 2024: $18,850,8362024

Highlighted filing

2024

Assets$23,212,933
Liabilities$4,362,097
Net Assets$18,850,836

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2012: $5,065,8292012Expenses 2013: $5,512,7112013Revenue 2014: $5,264,763Expenses 2014: $5,401,568Net Income 2014: -$136,8052014Revenue 2015: $7,128,825Expenses 2015: $5,820,613Net Income 2015: $1,308,2122015Revenue 2016: $6,074,490Expenses 2016: $6,966,562Net Income 2016: -$892,0722016Revenue 2017: $7,049,901Expenses 2017: $6,252,396Net Income 2017: $797,5052017Revenue 2018: $8,496,190Expenses 2018: $7,604,021Net Income 2018: $892,1692018Revenue 2020: $18,510,600Expenses 2020: $8,760,634Net Income 2020: $9,749,9662020Revenue 2021: $9,142,772Expenses 2021: $8,502,759Net Income 2021: $640,0132021Revenue 2022: $11,796,534Expenses 2022: $11,541,472Net Income 2022: $255,0622022Revenue 2024: $18,847,028Expenses 2024: $18,826,931Net Income 2024: $20,0972024

Highlighted filing

2024

Revenue$18,847,028
Expenses$18,826,931
Net Income$20,097

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$19,122,707
Mission and Program Overview

Mission

The Ocean Fdn is a unique community foundation with a mission to support, strengthen, and promote those organizations dedicated to reversing the trend of destruction of ocean environments around the world. Our slogan is "Tell Us What You Want To Do"

As the only community foundation for the ocean, The Ocean Foundation's mission is to improve global ocean health, climate resilience, and the blue economy. We create partnerships to connect all peoples in the communities in which we work to the informational, technical and financial resources they need to achieve their ocean stewardship goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$13,015,000$13,015,000→ $0
Pledges and Grants Receivable$3,410,368$4,866,930▲ $1,456,562
Investments in Publicly Traded Securities$1,506,365$1,464,139▼ $42,226
Land, Buildings, and Equipment, Net$25,650$1,095,716▲ $1,070,066
Accounts Receivable$408,478$701,572▲ $293,094
Savings and Temporary Cash Investments$1,591,538$304,907▼ $1,286,631
Cash and Non-Interest-Bearing Accounts$278,983$259,306▼ $19,677
Prepaid Expenses and Deferred Charges$82,252$57,175▼ $25,077
Intangible Assets$10,833$15,688▲ $4,855
Total Assets$21,935,882$23,212,933▲ $1,277,051
Other Assets Total$1,606,415$1,432,500▼ $173,915
Liabilities
Deferred Revenue$366,523$1,536,523▲ $1,170,000
Other Liabilities$1,930,742$1,518,908▼ $411,834
Accounts Payable and Accrued Expenses$831,128$645,595▼ $185,533
Mortgage Notes Payable Secured by Investment Property-$443,952-
Grants Payable-$217,119-
Total Liabilities$3,128,393$4,362,097▲ $1,233,704
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,014,132$11,566,652▼ $4,447,480
Net Assets With Donor Restrictions$2,793,357$7,284,184▲ $4,490,827
Total Net Assets Fund Balance$18,807,489$18,850,836▲ $43,347
Total Liabilities and Net Assets / Fund Balance$21,935,882$23,212,933▲ $1,277,051

Asset Categories

AssetBook ValueDepreciationBasis
Land$911,092-$911,092
Buildings$169,734$1,426$171,160
Equipment$14,890$101,056$115,946
Other Assets Org$11,161--
Other Securities$3,715,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark J SpaldingPresidentFT$361,013$19,420$380,433
Tamika WashingtonFinance & Operations DirectorFT$154,515$23,256$177,771
Shana MillerProgram DirectorFT$158,237$12,742$170,979
Andrea CapuroChief of ProgramFT$137,200$17,586$154,786
Kate MorrisonStrategic Partnerships DirectorFT$150,277$1,275$151,552
Fernando BretosProgram OfficerFT$126,203$22,707$148,910
Bobbi-Jo DobushLegal & Ocean Governance OfficerFT$129,073$11,938$141,011

Board Members and Trustees

NameTitle
Elliot S CafritzChairman
Angel E BraestrupBoard Member
Denise NaguibBoard Member
Ed Tillinghast IIIBoard Member
Imani Fairweather MorrisonBoard Member
Joshua GinsbergBoard Member
Karen ThorneBoard Member
Lisa VolgenauBoard Member
Lumay Wang MurphyBoard Member
Patrick FlynnBoard Member
Rolando MorilloBoard Member
Thomas BrigandiBoard Member
Russell F SmithSecretary
Olha KrushelnytskaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Merello Marine Consulting LLCConsulting7351 Brightwaters Ct, New Port Richey, FL 34652$514,700
Hanau Creative LLCConsulting1708 Wilhelmina Rise, Honolulu, HI 96816$127,092
Blue Planet StrategiesConsulting47 Middle Street, Hallowell, ME 04347$117,118
Sonja FordhamConsulting2100 Connecticut Ave NW Apt 800, Washington, DC 20008$116,450
Revenue and Support

Revenue Composition

Contributions and Grants
$16,846,611
Program Service Revenue
$1,522,138
Investment Income
$142,632
Other Revenue
$335,647
All Other Contributions
$13,919,015
Change in Net Assets
$20,097

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$911,092Fair Market Value (FMV)
Real Estate Commercial1$171,160Fair Market Value (FMV)
Securities Publicly Traded3$63,818Fair Market Value (FMV)
Total Noncash Contributions5$1,146,070-

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,847,028
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$115,114
Total Revenue per Audited Statements
$18,962,142
Total Revenue per Form 990
$18,847,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,478,846
Salaries, Compensation, and Employee Benefits$5,105,844
Grants and Similar Amounts Paid$4,242,241
Total Fundraising Expense$432,254
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,256,678$227,626$3,064$5,487,368
Other Salaries and Wages$2,585,780$830,643$246,852$3,663,275
Foreign Grants$2,427,890--$2,427,890
Grants to Domestic Orgs$1,715,401--$1,715,401
Travel$1,263,659$37,368$54,721$1,355,748
Current Officers, Directors, Trustees, and Key Employees$494,348$19,022$38,043$551,413
Other Employee Benefits$242,268$91,053$20,768$354,089
Fees for Services Legal$321,482$16,405-$337,887
Payroll Taxes$225,924$77,022$22,036$324,982
Office Expenses$192,217$86,206$2,796$281,219
Occupancy$81,888$133,953$8,894$224,735
Pension Plan Contributions$147,145$50,670$14,270$212,085
Conferences and Meetings$188,436$7,060$9,620$205,116
Advertising$52,736$49,534-$102,270
Grants to Domestic Individuals$98,950--$98,950
Information Technology$47,067$31,053-$78,120
Insurance$30,473$46,346$41$76,860
Depreciation Depletion$31,091$6,213-$37,304
All Other Expenses$5,950$17,358$2,651$25,959
Other Expenses$15,662$2,479$8,498$18,141
Fees for Services Accounting-$17,200-$17,200
Fees for Services Lobbying$2,000--$2,000
Total Functional Expenses$16,641,700$1,752,977$432,254$18,826,931

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,945,649
Expenses per Audited Statements$18,826,931
Total Expenses per Form 990$18,826,931
Expenses Not Reported on Form 990$118,718
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brick City TV LLCNew York, NY501( c )(3)General Ops.Support$302,700
Conservacion ConCiencia IncSan Juan, PR-General Ops. Support$157,758
SecoreHillard, OH-supp. Of community based coastal remediation in the insular caribbean$150,069
UC Santa Barbara FoundationSanta Barbara, CA-general ops. support$119,528
The Leland Stanford Junior UniversityRedwwood City, CA-general ops. support$95,322
Marine Debris FoundationWashington, DC501( c )(3)general ops. support$74,172
Playa Viva LLCSan Maeto, CA501( c )(3)to support turtle camp$53,163
EarthEcho InternationalWashington, DC501( c )(3)Suppoty the "High Seas Youth Fellowship"$50,000
Parliamentarians for Global ActionNew York, NY501( c )(3)to support PGA campaign project$50,000
Coastal Coordination Program LLCBodega Bay, CA501( c )(3)General Ops.Support$43,762
World Wide Wallace LLCHanalei, HI-support the "Menorca Shipwreck Project"$40,500
Aleli Environmental IncLajas, PR-support the "Reduce Marine Debris in South Puerto Rico"$30,000
National Academy of SciencesWashington, DC501( c )(3)support the "Roundtable on Plastic" project$30,000
The Story of StuffBerkeley, CA-support "The Reuse Cities Project"$30,000
WildcoastDel Mar, CA-support the "Camino Verde Trash Boom" project$30,000
Surfrider FoundationSan Clemente, CA-general programmatic support$29,000
Hawai'i Marine Mammal AllianceKailua, HI501( c )(3)support the "O'ahu Marine Debris Removal" project$26,215
Clean Water FundWashington, DC501( c )(3)Support the " Rethink Disposable Project"$25,000
Heal the BaySanta Monica, CA501( c )(3)general programmatic support$25,000
Student-Led Sustainable Initiatives IncDover, NH-support the "Eliminating single-use plastics at College of the Atlantic" project$25,000
Woods Hole Oceanographic InstituteWoodsHole, ME-support black box for mobile fishermen to determine the location of on-demand gear$25,000
Anchor Coalition IncArlington, VA501( c )(3)General Ops.Support$20,600
Algalita Marine Research EducationLong Beach, CA501( c )(3)Support the "Wayfinder Society for Enviro. Education"$20,000
Maine PublicLewiston, NM501( c )(3)support the "Climate Desk (FY24)" project$20,000
Coolant Climate IncSan Francisco, CA501( c )(3)Support the Pilot Scientific Study in Puerto Rico Jobos Bay$15,000
Ecodeo LLCNew York, NY501( c )(3)Support the Production of a Film on Deep Seabed Mining$15,000
Sea Mammal Education Learning Tech SocSedro Wooley, WA-general programmatic support$15,000
The Whale Lagoon Film LLCAlexandria, VA-general ops. support$13,697
Sustainable Travel InternationalSeattle, WA-general ops. support$13,276
Agricultural Research FoundationCorvallis, OR501( c )(3)Support Summer Scholar Redfish Rocks Intern Other Project Coordination$12,042
Deep Green WildernessSeattle, WA501( c )(3)General Ops.Support$12,000
Protect Maine's Fishing Heritage FdnBiddeford, ME-support convasing efforts in Maine to promote the passage of ordinances$12,000
Havenworth Coastal ConservationPalmetto, FL501( c )(3)General Ops.Support$10,581
Auburn University FoundationAuburn University, AL501( c )(3)General Ops.Support$10,000
Int'l Center for Dialogue & PeacebuildingBloomington, MN501( c )(3)support BBNJ informational dialogues$10,000
President and Fellows of Havard CollegeBoston, ME501( c )(3)support "Arctic Collaboration Convening (FY24)" project$10,000
University of Alaska FairbanksFairbanks, AK-support "Indigenous Perspective on Sustainable Marine Harvesting" project$9,797
University of South AlabamaMobile, AL-general programmatic support$9,000
Ocean Ecology Network IncSan Diego, CA501( c )(3)support the "Cape Verde Sea Turtle Network" project$8,500
Save the Bay IncProvidence, RI-general programmatic support$6,850

International Summary

Offices
0
Employees
0
Spending
$6,552,009

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America - Canada and Mexico, but not the United StatesProgram ServiceResearch00$1,775,465
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,GrantmakingGrants to Recipients00$1,593,866
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServiceResearch & Conferences00$1,356,910
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Program ServiceResearch & Conferences00$506,841
North America - Canada and Mexico, but not the United StatesGrantmakingGrants to Recipients00$309,025
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program ServiceResearch & Conferences00$274,060
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumGrantmakingGrants to Recipients00$197,906
Russia and Neighboring States - Armenia, Azerbijan, Belarus,GrantmakingGrants to Recipients00$195,410
Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso,Program ServiceResearch00$87,493
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,GrantmakingGrants to Recipients00$74,958
South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,GrantmakingGrants to Recipients00$63,887
South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,Program ServiceResearch00$40,615
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Program ServiceConferences & Travel00$36,007
Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso,GrantmakingGrants to Recipients00$18,798
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,GrantmakingGrants to Recipients00$17,500
Russia and Neighboring States - Armenia, Azerbijan, Belarus,Program ServiceProgram Support00$3,214
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Program Serviceprogram support00$54
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Leases$1,514,513
Security Deposit$3,100
Other Liabilities$1,295
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 35% controlled entity
No
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, Section A, line 2

Relationships among directors, officers & key employees Angel Braestrup, Director & Mark Spalding, President/Officer, own real estate together, unrelated to the business of the Foundation.

Form 990, Part VI, Section B, line 11B

Prior to filing a complete copy of the Form 990 it is emailed to all Foundation directors calling their attention to sections most likely to be of interest to contributors, the public and seeking comments on any part of the Form 990.

Form 990, Part VI, Section B, line 12C

The Foundation's conflict of interest policy covers all directors, officers & staff. Any conflict of interest is to be reported to either the Chair or President. The "cure" is full disclosure, and recusal by the conflicted person form participating in a decision that could lead to a personal gain.

Form 990, Part VI, Section B, line 15

The President of the organization sets salaries levels for officers & key employees which is then approved by the board of directors in the salary line of the budget.

Form 990, Part VI, Section C, line 19

The Foundation considers all requests for disclosures of documents on a case by case basis. It annually posts a copy of its audit to Guidestar in the section which allows additional information, and as a California nonprofit public benefit corporation, makes its audited financials available to the public on request. It also publishes on its website an annual report containing summary information derived from the audited financial statements.

Filing and Contact Details

Filer

Filer Name
The Ocean Foundation
EIN
71-0863908
Phone
2028878996
Address
1320 19th Street NW Suite 401, Washington, DC 20036

Signing Officer

Name
Mark J Spalding
Title
President
Phone
2028878996
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark J Spalding
Formed
2001
Legal Domicile
Dc
Voting Board Members
15
Independent Board Members
14
Employees
50
Volunteers
12

Preparer

Firm
Aprio Advisory Group LLC
Address
2185 N California Blvd Suite 350, Walnut Creek, CA 94596
Preparer
Stacy Cullen
Phone
9252102180
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Project Managament Fees: Program service expenses 4,821,463. Management and general expenses 44,189. Fundraising expenses 0. Total expenses 4,865,652. IT & Computer Software: Program service expenses 15,834. Management and general expenses 179,697. Fundraising expenses 790. Total expenses 196,321. Other Professional fees: Program service expenses 538,099. Management and general expenses 3,740. Fundraising expenses 2,274. Total expenses 544,113. In Kind Services: Program service expenses -118,718. Management and general expenses 0. Fundraising expenses 0. Total expenses -118,718.

Part XII Line 2C

No change in process from prior year.

Financial Statement Notes

Part X, Line 2:

The organization is exempt from income taxes under Internal Revenue Code 501(c)(3) and applicable DC statutes. No provision for income taxes is required at June 30, 2024, as the Organization had no net unrelated business income. The organization follows FASB ASC 74010, Income Taxes the authoritative guidance relating to accounting for uncertainty in income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The Organization performed an evaluation of uncertain tax positions for the year ended June 30, 2024, and determined that there were no matters that would require recognition in the financial statements or which may have any effect on its tax-exempt status. As of June 30, 2024, the statute of limitations for tax years 2020 through 2022 remains open with federal and state authorities

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0As the only community foundation for the ocean, The Ocean Foundation's mission is to improve global ocean health, climate resilience, and the blue economy. We create partnerships to connect all peoples in the communities in which we work to the informational, technical and financial resources they need to achieve their ocean stewardship goals.
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