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Billion Oyster Project FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 2010Education EIN 27-2918478Revenue $4.3M in FY2020

On file with the IRSbillionoysterproject.org10 South St Building Slip 7, 10004-0000 · New York, NYTax-exempt since Sep 2010Publicly supported charity — 170(b)(1)(A)(vi)

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New york harbor foundation, DBA Billion Oyster Project restores Oyster reefs to new york harbor through public education initiatives.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$149K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.2M a year · 17% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$149K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $142K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$398K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
Spent
$3.8M
To programs
73%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$4.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.3M
FY2021$4.7M
FY2022$5.0M
FY2023$8.3M
FY2024$7.0M
FY2025$12.9M
Expenses
$3.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$4.1M
FY2022$5.0M
FY2023$6.2M
FY2024$7.0M
FY2025$8.9M
Net assets
$2.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.9M
FY2022$2.9M
FY2023$5.0M
FY2024$5.0M
FY2025$9.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $2.8M Management & general 15% · $573K Fundraising 12% · $478K

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

20 people listed on the 990; $149K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Peter Malinowski
Executive Director
$149,021Pt VII · Sec A
$0Pt VII · Sec A
Brad Burnham
Chairman Emeritus
$0Pt VII · Sec A
Sophia C Koven
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Elliot H Steelman
Board Member
$0Pt VII · Sec A
Alex Pincus
Board Member
$0Pt VII · Sec A
Jayni Chase
Board Member
$0Pt VII · Sec A

Peter Malinowski’s $219K as President and CEO is at the 44th percentile of top reported officer pay among 3683 $10–100M education 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Peter Malinowski$219,053$189,573$170,205$160,976$151,632$149,021
Brian Reagor$138,394$127,167$113,723———
Kathleen Mosher-Smith$127,554$130,488$115,882$111,132——
Maria Victoria Maronilla$115,769$122,270$105,566$102,248——
Madeline N Wachtel————$120,750—
Ann Fraioli$103,159$109,103$105,440$101,928——
Robina Taliaferrow$103,574—————
Kathleen Mosher————$100,932—

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Restores oyster reefs to New York Harbor through public education.

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Provided by the organization

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2 programs · $2.8M · in their own filed words · FY2019
01

See schedule o

$2.8Mprogram expense
02

See schedule o

$4Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Rivian FoundationFY2025$50K
Afognak FundFY2025$40K
Jamestown Foundation INCFY2025$30K
Ud Ld & Ll Mellam for Family FndFY2025$10K
De La Cour Family FoundationFY2025$8K
Lrw FundFY2025$5K
Total grants receivedfrom 6 funders$142K
See all 6 funders →
Grants paid · 5 grants · $205K · 2021–2024
Newtown Creek Alliance IncorporatedNY · FY2024$50,000
Unitemized GrantFY2024$17,000
Newtown Creek Alliance IncorporatedNY · FY2023$50,700
Newtown Creek Alliance IncorporatedNY · FY2022$37,500
Newtown Creek Alliance IncorporatedNY · FY2021$50,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.3M
Ln 12
Gifts and grantsLn 1h$4.2M
Fees for servicesLn 2g$40K
Other incomeLn 4–11$27K
Money outPt IX
$3.8M
Ln 25
Programscol B$2.8M
Managementcol C$573K
Fundraisingcol D$478K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$2.6M
LiabilitiesLn 26$398K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$321K
Fundraising eventsLn 1c$95K
Fees for servicesLn 2g$40K
Investment incomeLn 3$1K
Other incomeLn 4–11$27K
Gains on assetsLn 7−$4K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$149K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$32K
Land, buildings, equipmentLn 10c$641K
Total assetsLn 16$2.6M
LiabilitiesLn 26$398K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 539
VolunteersI 6740
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$620K$1.2M
InvestmentsLn 11–13$29K$32K
Land, buildings, equipmentLn 10c$333K$641K
Total assetsLn 16$2.0M$2.6M
LiabilitiesLn 26$258K$398K
Net assetsLn 32$1.8M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Pay of current officers, directors and key staffLn 5$215K$153K$30K$32K
Other salaries and wagesLn 7$1.9M$1.4M$240K$292K
Other employee benefitsLn 9$564K$388K$97K$79K
Accounting feesLn 11c$103K$103K
Lobbying feesLn 11d$6K$6K
Investment management feesLn 11f$851$851
Other fees for servicesLn 11g$468K$418K$20K$30K
Office expensesLn 13$29K$2K$8K$19K
TravelLn 17$58K$41K$8K$9K
Depreciation, depletion and amortizationLn 22$47K$26K$21K
InsuranceLn 23$63K$41K$22K
Other expenses (24a–d)Ln 24$358K$324K$16K$18K
Total functional expensesLn 25$3.8M$2.8M$573K$478K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12.9M$8.9M$4.0M$9.0M 990 PDF
FY2024 $7.0M$7.0M−$304$5.0M 990 PDF
FY2023 $8.3M$6.2M$2.1M$5.0M 990 PDF
FY2022 $5.0M$5.0M$16K$2.9M 990 PDF
FY2021 $4.7M$4.1M$609K$2.9M 990 PDF
FY2020 Viewing $4.3M$3.8M$471K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $4,307,956 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,182,168$4,240,417
I-9 Program service revenuePrior year $4,050$40,451
I-10 Investment incomePrior year −$65−$2,608
I-11 Other revenuePrior year $334,304$29,696
I-12 Total revenuePrior year $3,520,457$4,307,956
I-13 Grants and similar amounts paidPrior year $70,000$3,675
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,526,967$2,701,433
I-16a Professional fundraising feesPrior year $25,000$0
I-17 Other expensesPrior year $1,216,461$1,131,795
I-18 Total expensesPrior year $3,838,428$3,836,903
I-19 Revenue less expensesPrior year −$317,971$471,053
Part VI · Governance 18 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,307,956 across 11 lines filed
VIII-1c Fundraising events$94,567
VIII-1e Government grants$1,854,909
VIII-1f All other contributions, gifts and grants$2,290,941
VIII-1g Noncash contributions (included above)$320,908
VIII-1h Total contributions, gifts and grants$4,240,417
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,451$40,451
VIII-3 Investment incomeExcluded from tax $1,385$1,385
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,993−$3,993
VIII-8 Net income from fundraising eventsExcluded from tax $27,541$27,541
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,155$2,155
VIII-12 Total revenueRelated to mission $40,451 · Unrelated business $0 · Excluded from tax $27,088$4,307,956
Part IX · Statement of functional expenses $3,836,903 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $3,675$3,675
IX-5 Pay of current officers, directors and key staffPrograms $153,216 · Management $30,045 · Fundraising $31,853$215,114
IX-7 Other salaries and wagesPrograms $1,390,405 · Management $240,360 · Fundraising $291,993$1,922,758
IX-9 Other employee benefitsPrograms $387,577 · Management $97,347 · Fundraising $78,637$563,561
IX-11c Accounting feesManagement $103,090$103,090
IX-11d Lobbying feesManagement $6,150$6,150
IX-11f Investment management feesManagement $851$851
IX-11g Other fees for servicesPrograms $417,653 · Management $19,835 · Fundraising $30,017$467,505
IX-13 Office expensesPrograms $1,693 · Management $8,149 · Fundraising $18,854$28,696
IX-17 TravelPrograms $40,838 · Management $8,020 · Fundraising $8,834$57,692
IX-22 Depreciation, depletion and amortizationPrograms $26,350 · Management $21,033$47,383
IX-23 InsurancePrograms $40,607 · Management $22,274$62,881
IX-24 Other expenses (24a–d)Programs $323,697 · Management $15,807 · Fundraising $18,043$357,547
IX-25 Total functional expensesPrograms $2,785,711 · Management $572,961 · Fundraising $478,231$3,836,903
Part X · Balance sheet $2,643,746 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $59,326$149,105
X-2 Savings and temporary cash investmentsStart of year $560,468$1,048,601
X-3 Pledges and grants receivableStart of year $1,011,108$729,470
X-9 Prepaid expenses and deferred chargesStart of year $37,886$43,911
X-10c Land, buildings and equipment, netStart of year $332,606$641,011
X-11 Publicly traded securitiesStart of year $28,791$31,648
X-16 Total assetsStart of year $2,030,185$2,643,746
X-17 Accounts payable and accrued expensesStart of year $81,033$127,425
X-19 Deferred revenueStart of year $176,929$270,399
X-26 Total liabilitiesStart of year $257,962$397,824
X-27 Net assets without donor restrictionsStart of year $856,604$1,189,849
X-28 Net assets with donor restrictionsStart of year $915,619$1,056,073
X-32 Total net assets or fund balancesStart of year $1,772,223$2,245,922
X-33 Total liabilities and net assetsStart of year $2,030,185$2,643,746
Part XI · Reconciliation of net assets $2,245,922 net assets at year end
XI-1 Total revenue$4,307,956
XI-2 Total expenses$3,836,903
XI-3 Revenue less expenses$471,053
XI-4 Net assets at start of year$1,772,223
XI-5 Net unrealized gains (losses) on investments$2,646
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,245,922

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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