Wsl Pure EIN 47-5161428 Form 990 (PDF) Claim this org

Wsl Pure FY2020 filing

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Inspire, educate, and empower ocean protection through the global surf community. For fiscal year 2020 it reported $153K in revenue, $55K in expenses, and $-609K in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Marina Del Rey, CA
Website
www.wslpure.org
Filings
5 on file (2020–2020)
Revenue
$153KFY2020
Expenses
$55K
Net assets
$-609K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-5161428 Public charity (501(c)(3)) Marina Del Rey, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Inspire, educate, and empower ocean protection through the global surf community.
Leadership
Michael Anders · Director
Money in and out
$153K revenue, $55K expenses
Bottom line
14% program efficiency
Where the money goes · FY2020
Total revenue
$153K
Pt VIII · Ln 12
Total expenses
$55K
Pt IX · Ln 25
Net assets
$-609K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $98K
Where spending went · Part IX cols B–D
Program services $0.14 Management & general $0.86
Program efficiency
14%
of spending reaches programs
Operating runway
210.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+64%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$153K
FY2020
Expenses
$55K
FY2020
Total assets
$1.0M
FY2020
Total liabilities
$1.6M
FY2020
Total revenue
$153K
Pt VIII · Ln 12
Total expenses
$55K
Pt IX · Ln 25
Net assets
$-609K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$98K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B14%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWsl Pure
EINHdr · item D47-5161428
Principal addressHdr · item CMarina Del Rey, CA
WebsiteHdr · item Jwww.wslpure.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C11)
Ruling yearIRS BMFJul 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Wsl Pure executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $7K of program spending, described in the organization's own filed words · FY2020.
01

WSL PURE's "We Are One Ocean" campaign expenses. The "We Are One Ocean" campaign is WSL PURE's effort to protect 30% of our ocean by 2030. The costs associated with creating the website petition signature software and translation into multiple languages to get the campaign set up in 2020 for a full launch in 2021.

$7Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$153K
Total revenueLn 12$153K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.14 Management & general $0.86
Program services14%$7K
Management & general86%$47K
Total functional expensesLn 25$55K

Balance Sheet

Part X · end of year
CashLn 1$966K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$1.6M
Total net assetsLn 32$-609K
Months of cash on handcomputed210.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $966K · Operating expenses/yr $55K
210.9 months
Where the money goes
Program services
Program services $7K · Total expenses $55K
14%
Management & General
Management & general $47K · Total expenses $55K
86%
Fundraising
Fundraising $0 · Total expenses $55K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $153K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $153K · Total revenue $153K
100%
Government reliance
Government grants $0 · Total revenue $153K
0%
Earned-income share
Program service revenue $0 · Total revenue $153K
0%
Investment reliance
Investment income $0 · Total revenue $153K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $55K
0%
Growth & trend
Revenue growth (YoY)
This year $153K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-609K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $153K · Expenses $55K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $-609K · Total assets $1.0M
-60%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Michael Anders · Reported title Director · Highest reported compensation $0 · Total expenses $55K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $44K · Total expenses $55K
80%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 14%
Overhead ratio 86%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 5%
Accounting fee ratio 0.1%
Fundraising fee ratio 0%

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.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 10 grants · $183K · 2021–2023
Mega LabHI · FY2023$8,500
NA Kama KaiHI · FY2022$27,000
One World BridgeCA · FY2022$25,000
Heal the BayCA · FY2022$20,000
Malama Pupukea-WaimeaHI · FY2021$19,850
WildcoastCA · FY2021$12,500
Ocean Policy Lab INCNY · FY2021$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$188K revenue · ⤓ 990 PDF
FY2023$246K revenue · ⤓ 990 PDF
FY2022$135K revenue · ⤓ 990 PDF
FY2021$1.7M revenue · ⤓ 990 PDF
FY2020$153K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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