Plastic Ocean Project INC FY2023 filing

Tax-deductible

Wilmington, NC501(c)(3)Science & TechnologyEIN 46-1251038Revenue $271K in FY2023

On file with the IRS3975 Market St, 28403-1403 · Wilmington, NCTax-exempt since Jan 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Finding Science Based Solutions to the Global Plastics Pollution Crisis and Empowering All to Make Choices that Improve Human and Environmental Health

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
$19K 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

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $21K a year · 8% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $42K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$66K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$271K
+38% vs prior year
Spent
$248K
To programs
53%
Net assets
$129K
By yearFY2022–FY2024
Revenue
$271K
FY2023▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2022$196K
FY2023$271K
FY2024$238K
Expenses
$248K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$248K
FY2024$219K
Net assets
$129K
FY2023▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2022$107K
FY2023$129K
FY2024$148K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2014.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $132K Management & general 36% · $89K Fundraising 11% · $28K

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

5 people listed on the 990; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$19,241Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Emily Mulvihill’s $36K as Executive Director Assistant is at the 24th 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022
Emily Mulvihill$36,403——
Kayla West$27,495——
Bonnie Monteleone$7,666$19,241$18,080
Tricia Monteleone$7,666——
Lisa Andree$6,364——

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

Develops science-based solutions and empowers people to reduce global plastic pollution for better health.

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Provided by the organization

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3 programs · $132K · in their own filed words · FY2023
01

Outreach through art, creating art with trash with children and community members that are put on display to educate the community about plastic pollution.

$46Kprogram expense
02

Education through research, conducting research on marine plastics and potential solutions.

$46Kprogram expense
03

Outreach to reduce waste, presenting seminars, and going to schools to educate children on plastic and the need to reduce plastic waste.

$39Kprogram expense

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 · FY2024
See all 6 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$271K
Ln 12
Gifts and grantsLn 1h$270K
Investment incomeLn 3$592
Money outPt IX
$248K
Ln 25
Programscol B$132K
Managementcol C$89K
Fundraisingcol D$28K
Owns and owesPt X
$129K
net assets · Ln 32
Cash and savingsLn 1–2$142K
Total assetsLn 16$195K
LiabilitiesLn 26$66K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$270K
Investment incomeLn 3$592
Total revenueLn 12$271K
Assets in detailPt X, end of year
CashLn 1$68K
SavingsLn 2$74K
Cash and savings togetherLn 1–2$142K
Land, buildings, equipmentLn 10c$51K
Total assetsLn 16$195K
LiabilitiesLn 26$66K
Net assetsLn 32$129K
OperationsPt I, VI
EmployeesI 55
VolunteersI 61,001
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$121K$142K
Land, buildings, equipmentLn 10c$46K$51K
Total assetsLn 16$170K$195K
LiabilitiesLn 26$63K$66K
Net assetsLn 32$107K$129K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$19K$19K
Other salaries and wagesLn 7$87K$43K$34K$10K
Payroll taxesLn 10$8K$4K$3K$979
Accounting feesLn 11c$864$423$337$104
Advertising and promotionLn 12$5K$2K$2K$559
Office expensesLn 13$12K$6K$5K$1K
Information technologyLn 14$2K$1K$815$251
OccupancyLn 16$27K$13K$11K$3K
TravelLn 17$5K$2K$2K$582
InterestLn 20$1K$628$500$154
Depreciation, depletion and amortizationLn 22$16K$8K$6K$2K
InsuranceLn 23$3K$2K$1K$393
Other expenses (24a–d)Ln 24$60K$30K$24K$7K
All other expensesLn 24e$2K$739$588$181
Total functional expensesLn 25$248K$132K$89K$28K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $238K$219K$19K$148K 990 PDF
FY2023 Viewing $271K$248K$22K$129K 990 PDF
FY2022 $196K$107K 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
See the full FY2023 990 (6 parts)
Part I · Summary $270,585 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $186,690$269,993
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,938$592
I-11 Other revenuePrior year $45$0
I-12 Total revenuePrior year $195,673$270,585
I-13 Grants and similar amounts paidPrior year $1,000$0
I-14 Benefits paid to members$19,241
I-15 Salaries and benefitsPrior year $92,808$95,601
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $98,667$133,583
I-18 Total expensesPrior year $192,475$248,425
I-19 Revenue less expensesPrior year $3,198$22,160
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $270,585 across 5 lines filed
VIII-1b Membership dues$1,739
VIII-1f All other contributions, gifts and grants$268,254
VIII-1h Total contributions, gifts and grants$269,993
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$592
VIII-12 Total revenueRelated to mission $592 · Unrelated business $0 · Excluded from tax $0$270,585
Part IX · Statement of functional expenses $248,425 across 14 lines filed
IX-4 Benefits paid to or for membersPrograms $19,241$19,241
IX-7 Other salaries and wagesPrograms $42,845 · Management $34,102 · Fundraising $10,493$87,440
IX-10 Payroll taxesPrograms $3,999 · Management $3,183 · Fundraising $979$8,161
IX-11c Accounting feesPrograms $423 · Management $337 · Fundraising $104$864
IX-12 Advertising and promotionPrograms $2,282 · Management $1,816 · Fundraising $559$4,657
IX-13 Office expensesPrograms $5,975 · Management $4,755 · Fundraising $1,463$12,193
IX-14 Information technologyPrograms $1,025 · Management $815 · Fundraising $251$2,091
IX-16 OccupancyPrograms $13,200 · Management $10,506 · Fundraising $3,233$26,939
IX-17 TravelPrograms $2,377 · Management $1,892 · Fundraising $582$4,851
IX-20 InterestPrograms $628 · Management $500 · Fundraising $154$1,282
IX-22 Depreciation, depletion and amortizationPrograms $7,641 · Management $6,082 · Fundraising $1,871$15,594
IX-23 InsurancePrograms $1,607 · Management $1,279 · Fundraising $393$3,279
IX-24 Other expenses (24a–d)Programs $29,559 · Management $23,527 · Fundraising $7,239$60,325
IX-24e All other expensesPrograms $739 · Management $588 · Fundraising $181$1,508
IX-25 Total functional expensesPrograms $131,541 · Management $89,382 · Fundraising $27,502$248,425
Part X · Balance sheet $195,188 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $28,071$68,140
X-2 Savings and temporary cash investmentsStart of year $92,918$73,727
X-9 Prepaid expenses and deferred chargesStart of year $3,170$2,245
X-10c Land, buildings and equipment, netStart of year $45,945$51,076
X-16 Total assetsStart of year $170,104$195,188
X-24 Unsecured notes and loans payableStart of year $63,071$65,995
X-26 Total liabilitiesStart of year $63,071$65,995
X-32 Total net assets or fund balancesStart of year $107,033$129,193
X-33 Total liabilities and net assetsStart of year $170,104$195,188
Part XI · Reconciliation of net assets $129,193 net assets at year end
XI-1 Total revenue$270,585
XI-2 Total expenses$248,425
XI-3 Revenue less expenses$22,160
XI-4 Net assets at start of year$107,033
XI-10 Net assets at end of year$129,193

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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