World Ocean Council

Tax-deductible

Vienna, VA501(c)(3)Science & TechnologyEIN 27-4398298

The world ocean council encourages, promotes, and develops awareness within the ocean industry and the wider public of the need for a healthy and productive global ocean and promotes sustainable ocean uses.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 6 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
3 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
83%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$297K
to officers and key staff · 45% of spending
Pt VII · Sec A
Do they have reserves?
1 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $42K
Funders’ Sch. I, 990-PF
Do they carry debt?
$809K
liabilities
Pt X · Ln 26
Who oversees it?
8
independent of 8 voting board members
Pt VI · Ln 1a–1b
Revenue
$722K
+10% vs prior year
Spent
$659K
To programs
83%
Net assets
−$387K
By yearFY2020–FY2024
Revenue
$722K
FY2024▲ +10%
Revenue by fiscal year
FY2020$234K
FY2021$368K
FY2022$1.3M
FY2023$655K
FY2024$722K
Expenses
$659K
FY2024▼ -17%
Expenses by fiscal year
FY2020$376K
FY2021$343K
FY2022$1.2M
FY2023$791K
FY2024$659K
Net assets
−$387K
FY2024▲ +14%
Net assets by fiscal year
FY2020−$410K
FY2021−$385K
FY2022−$315K
FY2023−$451K
FY2024−$387K

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2013-05-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CWorld Ocean Council
EINHdr · item D27-4398298
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CVienna, VA
NTEE classificationIRS BMFScience & Technology (U21)
WebsiteHdr · item Jwww.oceancouncil.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$544K
Management & general17%$115K
Total functional expensesLn 25$659K

Financial health

Is it on solid ground?

Program efficiency
83%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
1.3mo
months of highly liquid reserves at operating expense rate▼ -46% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +142% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$421K
FY2024▲ +2%
Total assets by fiscal year
FY2020$76K
FY2021$240K
FY2022$421K
FY2023$413K
FY2024$421K
Total liabilities
$809K
FY2024▼ -6%
Total liabilities by fiscal year
FY2020$486K
FY2021$625K
FY2022$736K
FY2023$864K
FY2024$809K
Revenue less expensesPt I · Ln 19$63K
Total assetsPt X · Ln 16$421K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$421K
Total liabilitiesLn 26$809K
Total net assetsLn 32−$387K
Months of cash on handcomputed1.3

Statement of Revenue

Part VIII
Contributions & grants$488K · 68%
Program service revenue$204K · 28%
Other revenue$30K · 4%
Contributions & grants68%$488K
Program service revenue28%$204K
Other revenue4%$30K
Investment income$152
— government grantsLn 1e$178K
Total revenueLn 12$722K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $70K · Operating expenses/yr $659K
1.3 months
Where the money goes
Program services
Program services $544K · Total expenses $659K
83%
Management & General
Management & general $115K · Total expenses $659K
17%
Fundraising
Fundraising $0 · Total expenses $659K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $232K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $488K · Total revenue $722K
68%
Government reliance
Government grants $178K · Total revenue $722K
25%
Earned-income share
Program service revenue $204K · Total revenue $722K
28%
Investment reliance
Investment income $152 · Total revenue $722K
+0.02%
Program self-sufficiency
Program service revenue $204K · Total expenses $659K
31%
Growth & trend
Revenue growth (YoY)
This year $722K · Prior year $655K
+10%
Revenue CAGR
FY2020 $234K · FY2024 $722K
+32%
Net-asset trend (YoY)
End of year −$387K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $722K · Expenses $659K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $421K
—
Net-asset ratio
Net assets −$387K · Total assets $421K
-92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $421K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Paul Holthus · Reported title CEO · Highest reported compensation $180K · Total expenses $659K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $239K · Total expenses $659K
36%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 17%——
Fundraising cost ratio 0%——
Revenue growth 10%——
Accounting fee ratio 0.4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$180,000Pt VII · Sec A
$117,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul Holthus’s $180K as CEO is at the 91st percentile of top reported officer pay among 312 $100K–1M science & technology 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Paul Holthus$180,000$180,000$180,000$180,000$180,000
Stewart Sarkozy-Banoczy$117,000————

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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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes a healthy ocean and sustainable uses within the ocean industry and public.

Provided by the organization

This section is blank until World Ocean Council claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $544K of program spending, described in the organization's own filed words · FY2024.
01

Woc advanced its mission to bring together ocean industries in collaborative action for sustainable stewardship of the seas. During the year, woc: convened multi-sector leadership dialogues involving stakeholders from shipping, ports, fisheries, and finance.

$544Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$42K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $722K$659K+10% 990 PDF
FY2023 $655K$791K-48% 990 PDF
FY2022 $1.3M$1.2M+242% 990 PDF
FY2021 $368K$343K+57% 990 PDF
FY2020 $234K$376K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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