Civic Intelligence

Ocean Visions Inc.

990 • Fiscal year 2020 • EIN 84-2130219

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 10, 2021

Organization Profileoceanvisions.org
311 Ferst Drive NEAtlanta, GA 30332

(202) 766-9386

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

65th percentile

16%

Higher net margin than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

$34,132

No earlier filing loaded for comparison.

Net Assets

$34,132

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin65th percentile

Revenue

$210,896

No earlier filing loaded for comparison.

Expenses

$176,764

No earlier filing loaded for comparison.

Net Income

$34,132

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$10M$5.0M$0Assets 2020: $34,132Liabilities 2020: $0Net Assets 2020: $34,1322020Assets 2021: $2,405,679Liabilities 2021: $0Net Assets 2021: $2,405,6792021Assets 2022: $4,025,912Liabilities 2022: $73,639Net Assets 2022: $3,952,2732022Assets 2023: $5,209,733Liabilities 2023: $162,736Net Assets 2023: $5,046,9972023Assets 2024: $9,945,033Liabilities 2024: $184,725Net Assets 2024: $9,760,3082024

Highlighted filing

2020

Assets$34,132
Liabilities$0
Net Assets$34,132
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0Revenue 2020: $210,896Expenses 2020: $176,764Net Income 2020: $34,1322020Revenue 2021: $2,291,104Expenses 2021: $413,491Net Income 2021: $1,877,6132021Revenue 2022: $3,044,937Expenses 2022: $1,453,989Net Income 2022: $1,590,9482022Revenue 2023: $3,574,949Expenses 2023: $2,480,224Net Income 2023: $1,094,7252023Revenue 2024: $8,313,870Expenses 2024: $3,600,559Net Income 2024: $4,713,3112024

Highlighted filing

2020

Revenue$210,896
Expenses$176,764
Net Income$34,132
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 10, 2021
Return Version
2019v5.0
Gross Receipts
$210,896
Mission and Program Overview

Mission

Mobilize a diverse community of problem-solvers working together to tackle the most pressing challenges facing the ocean.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$34,132-
Total Assets$0$34,132▲ $34,132
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$34,132▲ $34,132
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$34,132▲ $34,132
Total Liabilities and Net Assets / Fund Balance$0$34,132▲ $34,132
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Emanuele Di LorenzoChair
Joe HandyDirector
Nancy KnowltonSecretary
Martin GrayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$210,895
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
All Other Contributions
$173,395
Change in Net Assets
$34,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$71,662-$71,662
Fees for Services Legal-$61,600-$61,600
Advertising-$41,888-$41,888
Travel-$805-$805
Office Expenses-$709-$709
Information Technology-$100-$100
Total Functional Expenses$0$176,764$0$176,764
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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 B, Line 11B

“The form 990 will be review by the board members prior to submission.”

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

“The corporation shall at all times have a current conflict and disclosure policy that complies with (i) the disclosure, approval and other requirements of the georgia nonprofit corporation code applying to conflicting interest transactions and (ii) the internal revenue service guidelines for conflicts of interest policies applicable to nonprofit corporations that are exempt from federal income taxation under section 501(c)(3) of the code.”

Form 990, Part VI, Section C, Line 19

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon reasonable request.”

Filing and Contact Details

Filer

Filer Name
Ocean Visions Inc
EIN
84-2130219
Phone
2027669386
Address
311 FERST DRIVE NE, ATLANTA, GA 30332

Signing Officer

Name
Brad Ack
Title
Executive Director
Phone
2027669386
Signed
2021-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Ack
Formed
2019
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Easy Office Dba Jitasa
Address
1750 W FRONT STREET SUITE 200, BOISE, ID 83702
Preparer
Jeremy Cork
Phone
2082874777
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“CONSULTING SERVICES”

Raw XML Appendix318 raw XML fields

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/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt00
IRS990/GrantAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEW BY THE BOARD MEMBERS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION SHALL AT ALL TIMES HAVE A CURRENT CONFLICT AND DISCLOSURE POLICY THAT COMPLIES WITH (I) THE DISCLOSURE, APPROVAL AND OTHER REQUIREMENTS OF THE GEORGIA NONPROFIT CORPORATION CODE APPLYING TO CONFLICTING INTEREST TRANSACTIONS AND (II) THE INTERNAL REVENUE SERVICE GUIDELINES FOR CONFLICTS OF INTEREST POLICIES APPLICABLE TO NONPROFIT CORPORATIONS THAT ARE EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING SERVICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD ACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02027669386
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OCEAN VISIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0OCEA
ReturnHeader/Filer/EIN0842130219
ReturnHeader/Filer/PhoneNum02027669386
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01750 W FRONT STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOISE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083702
ReturnHeader/PreparerPersonGrp/PhoneNum02082874777
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY CORK
ReturnHeader/ReturnTs02021-08-10T10:46:07-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,132
Liabilities
$0
Net assets
$34,132
Revenue
$210,896
Expenses
$176,764
Net income
$34,132
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.95$0.18$9.76$8.31$3.60$4.71
2023Detailed filing. Detailed filing data is available for this year.$5.21$0.16$5.05$3.57$2.48$1.09
2022Detailed filing. Detailed filing data is available for this year.$4.03$0.07$3.95$3.04$1.45$1.59
2021Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$2.29$0.41$1.88
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.21$0.18$0.03