Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2016.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
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
9 people listed on the 990; $292K paid to officers and key staff.
Emily Stengel’s $176K as Co-Executive Director is at the 76th percentile of top reported officer pay among 3395 $1–10M 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Emily Stengel | $176,054 | $146,002 | $160,025 | $117,250 | $101,446 |
| Brendan Smith | $168,138 | $146,239 | $160,063 | $123,854 | $125,000 |
| Toby Sheppard-Bloch | — | — | $125,000 | — | — |
| Lindsay Olsen | — | — | $116,308 | — | — |
| Julia Whistler | — | — | $115,947 | — | — |
| Amy Blankstein | — | — | $115,870 | — | — |
| Sam Garwin | — | — | $103,846 | — | — |
| Kendall Barbery | — | — | $100,790 | — | — |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Develops and implements education programs on ocean restoration, farming, climate change, and sustainable food.
Questions for Greenwave Organization Corp
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Greenwave works to replicate and scale regenerative ocean farming in coastal communities to create a blue economy built and led by ocean farmers that ensures we all make a living on a living planet.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.8M | $8.9M |
| Land, buildings, equipmentLn 10c | $129K | $193K |
| Total assetsLn 16 | $8.7M | $10.8M |
| LiabilitiesLn 26 | $641K | $497K |
| Net assetsLn 32 | $8.0M | $10.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $362K | $362K | ||
| Grants to domestic individualsLn 2 | $219K | $219K | ||
| Pay of current officers, directors and key staffLn 5 | $336K | $192K | $60K | $84K |
| Other salaries and wagesLn 7 | $1.6M | $1.2M | $57K | $337K |
| Pension plan contributionsLn 8 | $70K | $51K | $4K | $15K |
| Other employee benefitsLn 9 | $197K | $144K | $13K | $40K |
| Payroll taxesLn 10 | $148K | $107K | $9K | $32K |
| Accounting feesLn 11c | $224K | $3K | $220K | $915 |
| Other fees for servicesLn 11g | $684K | $623K | $23K | $38K |
| Information technologyLn 14 | $84K | $40K | $35K | $9K |
| OccupancyLn 16 | $141K | $114K | $27K | $719 |
| TravelLn 17 | $313K | $289K | $15K | $9K |
| Depreciation, depletion and amortizationLn 22 | $689K | $689K | ||
| InsuranceLn 23 | $114K | $78K | $20K | $16K |
| Other expenses (24a–d)Ln 24 | $223K | $158K | $59K | $6K |
| Total functional expensesLn 25 | $5.4M | $4.3M | $541K | $588K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $9.2M | $6.6M | $2.6M | $13.0M | 990 PDF |
| FY2024 Viewing | $7.7M | $5.4M | $2.3M | $10.3M | 990 PDF |
| FY2023 | $7.0M | $5.2M | $1.8M | $8.0M | 990 PDF |
| FY2022 | $6.2M | $2.8M | $3.4M | $6.2M | 990 PDF |
| FY2021 | $3.4M | $1.9M | $1.5M | $2.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $7,667,756 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, no flags
Part VIII · Statement of revenue $7,667,756 across 6 lines filed
Part IX · Statement of functional expenses $5,411,634 across 15 lines filed
Part X · Balance sheet $10,798,565 assets, 15 lines filed
Part XI · Reconciliation of net assets $10,301,967 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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