Civic Intelligence

Walter Munk Foundation for the Oceans

990EZ • Fiscal year 2018 • EIN 82-3477332

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 08, 2019

9530 La Jolla Shores DrLa Jolla, CA 92037

(619) 840-0250

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$38,508

No earlier filing loaded for comparison.

Net Assets

$38,508

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

$188,301

No earlier filing loaded for comparison.

Expenses

$149,793

No earlier filing loaded for comparison.

Net Income

$38,508

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2018: $38,508Net Assets 2018: $38,5082018Assets 2019: $72,554Liabilities 2019: $0Net Assets 2019: $72,5542019Assets 2020: $60,786Liabilities 2020: $0Net Assets 2020: $60,7862020Assets 2021: $107,410Liabilities 2021: $749Net Assets 2021: $106,6612021Assets 2022: $102,433Liabilities 2022: $15,937Net Assets 2022: $86,4962022Assets 2023: $144,181Liabilities 2023: $16,477Net Assets 2023: $127,7042023Assets 2024: $129,908Liabilities 2024: $1,841Net Assets 2024: $128,0672024

Highlighted filing

2018

Assets$38,508
Liabilities-
Net Assets$38,508

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2018: $188,301Expenses 2018: $149,793Net Income 2018: $38,5082018Revenue 2019: $423,133Expenses 2019: $389,087Net Income 2019: $34,0462019Revenue 2020: $340,964Expenses 2020: $352,732Net Income 2020: -$11,7682020Revenue 2021: $746,186Expenses 2021: $653,148Net Income 2021: $93,0382021Revenue 2022: $677,777Expenses 2022: $607,651Net Income 2022: $70,1262022Revenue 2023: $699,935Expenses 2023: $658,727Net Income 2023: $41,2082023Revenue 2024: $693,038Expenses 2024: $692,675Net Income 2024: $3632024

Highlighted filing

2018

Revenue$188,301
Expenses$149,793
Net Income$38,508
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$188,301
Mission and Program Overview

Mission

Mission is to continue walter munks legacy of daring exploration and discovery through scientific research, education and ocean conservation.

The purpose of this corporation is to continue walter munk's work and legacy of daring exploration and discovery through scientific research, education, ocean conservation, and marine archaeology. In particular, the corporation's goals and objectives are as follows:a) to promote stewardship of our oceans by: i. Creating awareness of the environmental problems related to the oceans; ii. Teaching responsible use and protection of our oceans through conservation and sustainable practices; iii. Conserving our aquatic ecosystems and protecting species that are endangered; and iv. Developing and reaching out to doers, donors, and practitioners.b) to participate in world-wide marine archaeological expeditions, including underwater heritage sites by: i. Publicizing expeditions and related activities; ii. Collecting and sharing data; and iii. Publishing scientific papers.c) to establish collaborations and interdisciplinary partnerships with global governmental agencies, institutions, universiti

Program Services

DescriptionGrantsExpenses
THE PURPOSE OF THIS CORPORATION IS TO CONTINUE WALTER MUNK'S WORK AND LEGACY OF DARING EXPLORATION AND DISCOVERY THROUGH SCIENTIFIC RESEARCH, EDUCATION, OCEAN CONSERVATION, AND MARINE ARCHAEOLOGY.$149,793-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Walter MunkBoard Chair-$0--
Mary MunkExecutive VPFT$0--
Julie ScarpellaSecretary-$0--
Paula SelbyCFO-$0--
Mary G JamesonDirector-$0--
George OrbelianDirector-$0--
Damien LeloupExecutive Director-$0--
Filing and Contact Details

Filer

Filer Name
Walter Munk Foundation for the Oceans
EIN
82-3477332
Phone
6198400250
Address
9530 La Jolla Shores Dr, La Jolla, CA 92037

Signing Officer

Name
Mary Munk
Title
Executive VP
Signed
2019-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Kornfeld and Levy CPAs
Address
2067 First Avenue, San Diego, CA 92101
Preparer
Gary Kornfeld
Phone
6195638000
Supplemental Narrative

Additional Explanations

Other Expenses.1005

Travel $9000

Other Expenses.1

ART INSTALLATION $75000

Other Expenses.2

OUTSIDE SERVICES $15275

Other Expenses.3

OFFICE EXPENSE $515

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Filings