Parley Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 46-4671330)

Revenue by fiscal year
FY2020	$492K
FY2021	$1.1M
FY2022	$895K
FY2023	$1.4M
FY2024	$460K

Expenses by fiscal year
FY2020	$599K
FY2021	$701K
FY2022	$1.2M
FY2023	$1.1M
FY2024	$866K

Net assets by fiscal year
FY2020	$55K
FY2021	$419K
FY2022	−$260K
FY2023	$34K
FY2024	−$153K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2016.

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

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $1.0M Management & general 11% · $128K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation

Cyrill Gutsch

President

$0Pt VII · Sec A

Lea Stepken

Vice President & Treasurer

$0Pt VII · Sec A

Reiner Opoku

Secretary

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Promotes awareness for oceanic preservation and conservation.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2022

01

Parley utilizes education, communication and creative projects to raise awareness for the beauty and fragility of the oceans. Parley conducts research and development to evaluate the impact of materials, products, economy on ocean health and to develop solutions for such negative impact.

$1.0Mprogram 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 · FY2024

Frost Family FoundationFY2024$100K

Total grants receivedfrom 1 funder$100K

Grants paid · 12 grants · $600K · 2020–2024

Parley South AfriciaFY2024$50,000

Sustainable Coastlines HawaiiHI · FY2024$50,000

Megalab ServicesHI · FY2024$25,000

Blue Ocean FoundationCO · FY2022$62,469

Smithsonian InstitutionDC · FY2022$55,555

Sustainable Coastlines HawaiiHI · FY2022$50,000

Unitemized GrantFY2022$48,000

Social Spin FoundationAZ · FY2022$13,999

Oceanic Preservation SocietyCA · FY2021$135,000

Sustainable Coastlines HawaiiHI · FY2021$50,000

Oceanic Preservation SocietyCA · FY2020$50,000

Protect Our WintersCO · FY2020$10,000

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$895K

Ln 12

Gifts and grantsLn 1h$895K

Money outPt IX

$1.2M

Ln 25

Programscol B$1.0M

Managementcol C$128K

Owns and owesPt X

−$260K

net assets · Ln 32

Cash and savingsLn 1–2$217K

Total assetsLn 16$261K

LiabilitiesLn 26$521K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$895K

Government grantsLn 1e$162K

Total revenueLn 12$895K

Assets in detailPt X, end of year

CashLn 1$217K

Cash and savings togetherLn 1–2$217K

Land, buildings, equipmentLn 10c$2K

Total assetsLn 16$261K

LiabilitiesLn 26$521K

Net assetsLn 32−$260K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$470K	$217K
Land, buildings, equipmentLn 10c	$0	$2K
Total assetsLn 16	$470K	$261K
LiabilitiesLn 26	$51K	$521K
Net assetsLn 32	$419K	−$260K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$215K	$215K
Grants to domestic individualsLn 2	$48K	$48K
Grants and assistance to foreign recipientsLn 3	$87K	$87K
Legal feesLn 11b	$79K		$79K
Accounting feesLn 11c	$7K		$7K
Other fees for servicesLn 11g	$64K	$59K	$5K
Office expensesLn 13	$36K		$36K
Information technologyLn 14	$120		$120
TravelLn 17	$3K	$3K
Other expenses (24a–d)Ln 24	$621K	$621K
All other expensesLn 24e	$260		$260
Total functional expensesLn 25	$1.2M	$1.0M	$128K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$460K	$866K	−$406K	−$153K	990 PDF
FY2023	$1.4M	$1.1M	$305K	$34K	990 PDF
FY2022 Viewing	$895K	$1.2M	−$266K	−$260K	990 PDF
FY2021	$1.1M	$701K	$364K	$419K	990 PDF
FY2020	$492K	$599K	−$107K	$55K	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 F · Foreign O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $895,037 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,065,592$895,037

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $1,065,592$895,037

I-13 Grants and similar amounts paidPrior year $354,997$350,805

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $346,296$810,116

I-18 Total expensesPrior year $701,293$1,160,921

I-19 Revenue less expensesPrior year $364,299−$265,884

Part VI · Governance 3 of 3 board members independent, 2 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $895,037 across 4 lines filed

VIII-1e Government grants$162,000

VIII-1f All other contributions, gifts and grants$733,037

VIII-1h Total contributions, gifts and grants$895,037

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$895,037

Part IX · Statement of functional expenses $1,160,921 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $215,336$215,336

IX-2 Grants to domestic individualsPrograms $48,000$48,000

IX-3 Grants and assistance to foreign recipientsPrograms $87,469$87,469

IX-11b Legal feesManagement $79,449$79,449

IX-11c Accounting feesManagement $6,750$6,750

IX-11g Other fees for servicesPrograms $59,269 · Management $5,155$64,424

IX-13 Office expensesManagement $35,915$35,915

IX-14 Information technologyManagement $120$120

IX-17 TravelPrograms $2,697$2,697

IX-24 Other expenses (24a–d)Programs $620,501$620,501

IX-24e All other expensesManagement $260$260

IX-25 Total functional expensesPrograms $1,033,272 · Management $127,649 · Fundraising $0$1,160,921

Part X · Balance sheet $260,798 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $469,759$216,704

X-4 Accounts receivable$41,812

X-10c Land, buildings and equipment, netStart of year $0$2,282

X-16 Total assetsStart of year $469,759$260,798

X-17 Accounts payable and accrued expensesStart of year $50,680$520,947

X-26 Total liabilitiesStart of year $50,680$520,947

X-27 Net assets without donor restrictionsStart of year $419,079−$260,149

X-32 Total net assets or fund balancesStart of year $419,079−$260,149

X-33 Total liabilities and net assetsStart of year $469,759$260,798

Part XI · Reconciliation of net assets −$260,149 net assets at year end

XI-1 Total revenue$895,037

XI-2 Total expenses$1,160,921

XI-3 Revenue less expenses−$265,884

XI-4 Net assets at start of year$419,079

XI-8 Prior period adjustments−$413,344

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$260,149

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Parley Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Parley Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV