Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2011.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
17 people listed on the 990; $62K paid to officers and key staff.
Millicent Pitts’s $62K as CEO/Executive Direct is at the 43rd percentile of top reported officer pay among 1989 $100K–1M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Millicent Pitts | $62,500 | $100,000 | $62,500 | $75,000 | $75,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Accelerates adoption of startup innovations for healthy oceans, resilient coastlines, and sustainable shipping.
Questions for Ocean Exchange INC
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The annual exchange event showcases ten solutions, generated from an annual global call for solutions, highlighting different perspectives and approaches. Each year, individuals and organizations from diverse fields with expertise managing global issues meet in savannah, georgia.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $70K | $20K |
| Total assetsLn 16 | $70K | $20K |
| LiabilitiesLn 26 | $3K | $3K |
| Net assetsLn 32 | $67K | $17K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $220K | $220K | ||
| Grants and assistance to foreign recipientsLn 3 | $150K | $150K | ||
| Pay of current officers, directors and key staffLn 5 | $62K | $59K | $3K | |
| Other salaries and wagesLn 7 | $38K | $36K | $2K | |
| Payroll taxesLn 10 | $8K | $8K | $403 | |
| Legal feesLn 11b | $58K | $58K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Other fees for servicesLn 11g | $3K | $3K | ||
| TravelLn 17 | $31K | $31K | ||
| Conferences, conventions and meetingsLn 19 | $166K | $166K | ||
| Other expenses (24a–d)Ln 24 | $142K | $135K | $7K | |
| All other expensesLn 24e | $2K | $2K | $103 | |
| Total functional expensesLn 25 | $883K | $809K | $74K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $745K | $254K | $492K | $0 | 990 PDF |
| FY2024 | $961K | $890K | $71K | $88K | 990 PDF |
| FY2023 Viewing | $832K | $883K | −$50K | $17K | 990 PDF |
| FY2022 | $812K | $868K | −$56K | $67K | 990 PDF |
| FY2021 | $482K | $462K | $19K | $123K | 990 PDF |
| FY2020 | $336K | $247K | $89K | $103K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $832,362 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 3 to look at
Part VIII · Statement of revenue $832,362 across 4 lines filed
Part IX · Statement of functional expenses $882,548 across 12 lines filed
Part X · Balance sheet $20,009 assets, 7 lines filed
Part XI · Reconciliation of net assets $16,942 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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