As the only community foundation for the ocean, The Ocean Foundation's 501(c)(3) mission is to improve global ocean health, climate resilience, and the blue economy. We create partnerships to connect people in the communities in which we work to the informational, technical, and financial resources they need to achieve their ocean stewardship goals.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 13 volunteers and 47 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $493K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$948K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.2M
-30% vs prior year
Spent
$15.8M
To programs
90%
Net assets
$16.3M
By yearFY2021–FY2025
Revenue
$13.2M
FY2025▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2021$9.1M
FY2022$11.8M
FY2023$15.2M
FY2024$18.8M
FY2025$13.2M
Expenses
$15.8M
FY2025▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2021$8.5M
FY2022$11.5M
FY2023$15.9M
FY2024$18.8M
FY2025$15.8M
Net assets
$16.3M
FY2025▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2021$15.6M
FY2022$15.7M
FY2023$15.1M
FY2024$18.9M
FY2025$16.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2002.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $14.2M Management & general 10% · $1.6M Fundraising 1% · $96K

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

20 people listed on the 990; $948K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$271,551Pt VII · Sec A
Program Director
$168,629Pt VII · Sec A
Program Director
$136,630Pt VII · Sec A
Program Director
$130,100Pt VII · Sec A
Human Resources Officer
$123,026Pt VII · Sec A
Fin. & Ops. Director
$118,546Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mark J Spalding’s $272K as President is at the 55th percentile of top reported officer pay among 324 $10–100M environment 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

NameFY2025FY2024FY2023FY2022FY2021
Mark J Spalding$271,551$361,013$331,854$300,258$285,586
Shana Miller$168,629$158,237$157,210$143,992$141,895
Tamika Washington$118,546$154,515$146,451$132,340$128,596
Kate Morrison—$150,277$140,884$127,300$123,700
Andrea Capuro—$137,200———
Erica Nunez$136,630————
Benjamin Scheelk$130,100————
Bobbi-Jo Dobush—$129,073———

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.

See The Ocean Foundation executive salaries →

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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

Provides global communities with the financial, technical, and informational resources needed to restore marine habitats, improve ocean health, and build climate resilience.

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Provided by the organization

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3 programs · $11.8M · in their own filed words · FY2024
01

Protecting Marine Habitats and Special Places

Our oceans are a mosaic of special places, from the bustling vibrancy of coral reefs to the tidal pools of rocky coasts, to the stark, glistening beauty of the frozen Arctic. These habitats and ecosystems are more than just picturesque; they all provide vital benefits to the health of the ocean, the plants and animals that live in them…

$5.7Mprogram expense
02

Expanding Ocean Literacy and Public Awareness

One of the most significant barriers to progress in the marine conservation sector is the lack of genuine understanding about the vulnerability and connectivity of ocean systems. It is easy to view the oceans as vast, nearly unlimited sources of food and recreation, filled with abundant animals, plants, and protected spaces.

$3.5Mprogram expense
03

Building the Capacity of the Marine Conservation Community- There are many outstanding conservation organizations dedicated to protecting and preserving our oceans. The Ocean Foundation provides assistance to these entities, which have a need to develop a certain skill or competence, or for general upgrading of performance ability.

$2.6Mprogram 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 · FY2025
Total grants receivedfrom 2 funders$12K
Grants paid · 159 grants · $6.2M · 2020–2024
Marine Debris FoundationDC · FY2024$96,520
Race to Zero Films LLCFY2024$91,000
Playa Viva LLCFY2024$76,980
Unitemized GrantFY2024$66,400
L S U FoundationLA · FY2024$50,000
Coastal Coordination Program LLCFY2024$45,294
Anchor Coalition INCVA · FY2024$44,160
Unitemized GrantFY2024$31,300
The Pew Charitable TrustsDC · FY2024$31,141
Ecolibrium INCFY2024$31,000
Unitemized GrantFY2024$25,000
Deep Green WildernessFY2024$20,500
World Wide Wallace LLCFY2024$19,350
Remote Ecologist INCCT · FY2024$18,000
See all 159 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$13.2M
Ln 12
Gifts and grantsLn 1h$12.2M
Fees for servicesLn 2g$970K
Other incomeLn 4–11$51K
Money outPt IX
$15.8M
Ln 25
Programscol B$14.2M
Managementcol C$1.6M
Fundraisingcol D$96K
Owns and owesPt X
$16.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$17.7M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
20
listed · VII A
PaidVII A6
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.2M
Government grantsLn 1e$2.3M
Fees for servicesLn 2g$970K
Investment incomeLn 3$14K
Other incomeLn 4–11$51K
Gains on assetsLn 7−$16K
Total revenueLn 12$13.2M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$217K
Land, buildings, equipmentLn 10c$13.0M
Other assetsLn 15$231K
Total assetsLn 16$17.7M
LiabilitiesLn 26$1.4M
Net assetsLn 32$16.3M
OperationsPt I, VI
EmployeesI 547
VolunteersI 613
Fiscal year endsHeaderJune
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
LineStart FY25End FY25
Cash and savingsLn 1–2$564K$2.1M
InvestmentsLn 11–13$1.5M$217K
Land, buildings, equipmentLn 10c$1.1M$13.0M
Total assetsLn 16$23.2M$17.7M
LiabilitiesLn 26$4.4M$1.4M
Net assetsLn 32$18.9M$16.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.9M$1.9M
Grants to domestic individualsLn 2$123K$123K
Grants and assistance to foreign recipientsLn 3$1.9M$1.9M
Pay of current officers, directors and key staffLn 5$293K$221K$65K$7K
Other salaries and wagesLn 7$2.5M$1.9M$542K$61K
Pension plan contributionsLn 8$154K$110K$39K$4K
Other employee benefitsLn 9$246K$181K$62K$3K
Payroll taxesLn 10$222K$158K$59K$5K
Legal feesLn 11b$81K$63K$18K
Accounting feesLn 11c$345K$345K
Other fees for servicesLn 11g$321K$321K$5
Advertising and promotionLn 12$447$252$195
Office expensesLn 13$325K$179K$145K$819
OccupancyLn 16$173K$54K$115K$4K
TravelLn 17$754K$749K$5K
Conferences, conventions and meetingsLn 19$227K$225K$2K$108
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$38K$27K$11K
InsuranceLn 23$83K$31K$52K
Other expenses (24a–d)Ln 24$6.2M$6.1M$99K$5K
Total functional expensesLn 25$15.8M$14.2M$1.6M$96K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $13.2M$15.8M−$2.6M$16.3M 990 PDF
FY2024 $18.8M$18.8M$20K$18.9M 990 PDF
FY2023 $15.2M$15.9M−$762K$15.1M 990 PDF
FY2022 $11.8M$11.5M$255K$15.7M 990 PDF
FY2021 $9.1M$8.5M$640K$15.6M 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $13,196,134 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,846,611$12,160,757
I-9 Program service revenuePrior year $1,522,138$970,251
I-10 Investment incomePrior year $142,632$14,460
I-11 Other revenuePrior year $335,647$50,666
I-12 Total revenuePrior year $18,847,028$13,196,134
I-13 Grants and similar amounts paidPrior year $4,242,241$3,869,109
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,105,844$3,378,773
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,478,846$8,564,585
I-18 Total expensesPrior year $18,826,931$15,812,467
I-19 Revenue less expensesPrior year $20,097−$2,616,333
Part VI · Governance 13 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $13,196,134 across 9 lines filed
Lines not itemized here account for $24,338 of total revenue; see the IRS return.
VIII-1e Government grants$2,283,675
VIII-1f All other contributions, gifts and grants$9,877,082
VIII-1h Total contributions, gifts and grants$12,160,757
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $970,251$970,251
VIII-3 Investment incomeExcluded from tax $30,662$30,662
VIII-6 Net rental income or lossRelated to mission $18,351$18,351
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$16,202−$16,202
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,977$7,977
VIII-12 Total revenueRelated to mission $1,020,917 · Unrelated business $0 · Excluded from tax $14,460$13,196,134
Part IX · Statement of functional expenses $15,812,467 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $1,876,938$1,876,938
IX-2 Grants to domestic individualsPrograms $122,700$122,700
IX-3 Grants and assistance to foreign recipientsPrograms $1,869,471$1,869,471
IX-5 Pay of current officers, directors and key staffPrograms $220,882 · Management $65,260 · Fundraising $7,124$293,266
IX-7 Other salaries and wagesPrograms $1,860,329 · Management $542,186 · Fundraising $60,940$2,463,455
IX-8 Pension plan contributionsPrograms $110,280 · Management $39,412 · Fundraising $4,469$154,161
IX-9 Other employee benefitsPrograms $181,077 · Management $61,796 · Fundraising $3,012$245,885
IX-10 Payroll taxesPrograms $158,118 · Management $58,542 · Fundraising $5,346$222,006
IX-11b Legal feesPrograms $62,989 · Management $18,249$81,238
IX-11c Accounting feesManagement $345,176$345,176
IX-11g Other fees for servicesPrograms $320,926 · Fundraising $5$320,931
IX-12 Advertising and promotionPrograms $252 · Management $195$447
IX-13 Office expensesPrograms $178,701 · Management $145,394 · Fundraising $819$324,914
IX-16 OccupancyPrograms $54,292 · Management $114,960 · Fundraising $4,035$173,287
IX-17 TravelPrograms $749,408 · Fundraising $4,767$754,175
IX-19 Conferences, conventions and meetingsPrograms $224,821 · Management $2,256 · Fundraising $108$227,185
IX-20 InterestManagement $4,526$4,526
IX-22 Depreciation, depletion and amortizationPrograms $27,219 · Management $10,575$37,794
IX-23 InsurancePrograms $31,486 · Management $51,505$82,991
IX-24 Other expenses (24a–d)Programs $6,107,369 · Management $99,150 · Fundraising $5,402$6,211,921
IX-25 Total functional expensesPrograms $14,157,258 · Management $1,559,182 · Fundraising $96,027$15,812,467
Part X · Balance sheet $17,747,319 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $259,306$1,063,296
X-2 Savings and temporary cash investmentsStart of year $304,907$1,080,991
X-3 Pledges and grants receivableStart of year $4,866,930$1,286,176
X-4 Accounts receivableStart of year $701,572$786,392
X-9 Prepaid expenses and deferred chargesStart of year $57,175$58,711
X-10c Land, buildings and equipment, netStart of year $1,095,716$13,017,040
X-11 Publicly traded securitiesStart of year $1,464,139$217,082
X-14 Intangible assetsStart of year $15,688$6,500
X-15 Other assetsStart of year $1,432,500$231,131
X-16 Total assetsStart of year $23,212,933$17,747,319
X-17 Accounts payable and accrued expensesStart of year $645,595$929,806
X-25 Other liabilitiesStart of year $1,518,908$485,697
X-26 Total liabilitiesStart of year $4,362,097$1,415,503
X-27 Net assets without donor restrictionsStart of year $11,566,652$7,868,270
X-28 Net assets with donor restrictionsStart of year $7,284,184$8,463,546
X-32 Total net assets or fund balancesStart of year $18,850,836$16,331,816
X-33 Total liabilities and net assetsStart of year $23,212,933$17,747,319
Part XI · Reconciliation of net assets $16,331,816 net assets at year end
XI-1 Total revenue$13,196,134
XI-2 Total expenses$15,812,467
XI-3 Revenue less expenses−$2,616,333
XI-4 Net assets at start of year$18,850,836
XI-5 Net unrealized gains (losses) on investments$71,456
XI-8 Prior period adjustments$25,857
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,331,816

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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