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.
88¢ of each $1 spent went to programs.
$1.2M 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

FY2024 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
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
<1 mo
of spending, in cash
Plus $14.5M in investments, Pt X · Ln 11–13
Fine: 0.4 months of spending in cash, plus $14.5M in investments.
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
$4.4M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.8M
+24% vs prior year
Spent
$18.8M
To programs
88%
Net assets
$18.9M
By yearFY2021–FY2025
Revenue
$18.8M
FY2024▲ +24%
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
$18.8M
FY2024▲ +18%
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
$18.9M
FY2024▲ +25%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

88 cents of each dollar spent went to programs.

Program services 88% · $16.6M Management & general 9% · $1.8M Fundraising 2% · $432K

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

21 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$361,013Pt VII · Sec A
Program Director
$158,237Pt VII · Sec A
Finance & Operations Director
$154,515Pt VII · Sec A
Strategic Partnerships Director
$150,277Pt VII · Sec A
Chief of Program
$137,200Pt VII · Sec A
Legal & Ocean Governance Officer
$129,073Pt VII · Sec A
Program Officer
$126,203Pt VII · Sec A
Board Member
$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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3 programs · $13.6M · in their own filed words · FY2023
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 the rocky coasts to the stark, glistening beauty of the frozen Arctic.

$6.7Mprogram expense
02

Expanding Ocean Literacy and Public Awareness- One of the most significant barriers to progress in the marine conservation sector is a lack of real understanding about the vulnerability and connectivity of ocean systems.

$4.1Mprogram expense
03

Protecting Species of Concern- For many of us, our first interest in the oceans began with an interest in the large animals that call it home. Whether it be the awe inspired by a gentle humpback whale, the undeniable charisma of a curious dolphin, or the ferocious gaping maw of a great white shark, these animals are more than just the…

$2.8Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$18.8M
Ln 12
Gifts and grantsLn 1h$16.8M
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$336K
Money outPt IX
$18.8M
Ln 25
Programscol B$16.6M
Managementcol C$1.8M
Fundraisingcol D$432K
Owns and owesPt X
$18.9M
net assets · Ln 32
Cash and savingsLn 1–2$564K
Total assetsLn 16$23.2M
LiabilitiesLn 26$4.4M
PeoplePt VI, VII
21
listed · VII A
PaidVII A7
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.8M
Government grantsLn 1e$2.9M
Noncash giftsLn 1g$1.1M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$143K
Other incomeLn 4–11$336K
Gains on assetsLn 7$115K
Total revenueLn 12$18.8M
Assets in detailPt X, end of year
CashLn 1$259K
SavingsLn 2$305K
Cash and savings togetherLn 1–2$564K
InvestmentsLn 11–13$14.5M
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$1.4M
Total assetsLn 16$23.2M
LiabilitiesLn 26$4.4M
Net assetsLn 32$18.9M
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 FY24End FY24
Cash and savingsLn 1–2$1.9M$564K
InvestmentsLn 11–13$14.5M$14.5M
Land, buildings, equipmentLn 10c$26K$1.1M
Total assetsLn 16$21.9M$23.2M
LiabilitiesLn 26$3.1M$4.4M
Net assetsLn 32$18.8M$18.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.7M$1.7M
Grants to domestic individualsLn 2$99K$99K
Grants and assistance to foreign recipientsLn 3$2.4M$2.4M
Pay of current officers, directors and key staffLn 5$551K$494K$19K$38K
Other salaries and wagesLn 7$3.7M$2.6M$831K$247K
Pension plan contributionsLn 8$212K$147K$51K$14K
Other employee benefitsLn 9$354K$242K$91K$21K
Payroll taxesLn 10$325K$226K$77K$22K
Legal feesLn 11b$338K$321K$16K
Accounting feesLn 11c$17K$17K
Lobbying feesLn 11d$2K$2K
Other fees for servicesLn 11g$5.5M$5.3M$228K$3K
Advertising and promotionLn 12$102K$53K$50K
Office expensesLn 13$281K$192K$86K$3K
Information technologyLn 14$78K$47K$31K
OccupancyLn 16$225K$82K$134K$9K
TravelLn 17$1.4M$1.3M$37K$55K
Conferences, conventions and meetingsLn 19$205K$188K$7K$10K
Depreciation, depletion and amortizationLn 22$37K$31K$6K
InsuranceLn 23$77K$30K$46K$41
Other expenses (24a–d)Ln 24$1.2M$1.2M$8K$8K
All other expensesLn 24e$26K$6K$17K$3K
Total functional expensesLn 25$18.8M$16.6M$1.8M$432K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $13.2M$15.8M−$2.6M$16.3M 990 PDF
FY2024 Viewing $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 M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $18,847,028 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,221,692$16,846,611
I-9 Program service revenuePrior year $1,429,068$1,522,138
I-10 Investment incomePrior year $43,246$142,632
I-11 Other revenuePrior year $160,733$335,647
I-12 Total revenuePrior year $18,854,739$18,847,028
I-13 Grants and similar amounts paidPrior year $3,514,837$4,242,241
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,446,144$5,105,844
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,908,965$9,478,846
I-18 Total expensesPrior year $15,869,946$18,826,931
I-19 Revenue less expensesPrior year $2,984,793$20,097
Part VI · Governance 14 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
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 $18,847,028 across 10 lines filed
VIII-1e Government grants$2,927,596
VIII-1f All other contributions, gifts and grants$13,919,015
VIII-1g Noncash contributions (included above)$1,146,070
VIII-1h Total contributions, gifts and grants$16,846,611
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,522,138$1,522,138
VIII-3 Investment incomeExcluded from tax $27,668$27,668
VIII-6 Net rental income or lossRelated to mission $21,702$21,702
VIII-7 Net gain or loss on sales of assetsExcluded from tax $114,964$114,964
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $313,945$313,945
VIII-12 Total revenueRelated to mission $1,857,785 · Unrelated business $0 · Excluded from tax $142,632$18,847,028
Part IX · Statement of functional expenses $18,826,931 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $1,715,401$1,715,401
IX-2 Grants to domestic individualsPrograms $98,950$98,950
IX-3 Grants and assistance to foreign recipientsPrograms $2,427,890$2,427,890
IX-5 Pay of current officers, directors and key staffPrograms $494,348 · Management $19,022 · Fundraising $38,043$551,413
IX-7 Other salaries and wagesPrograms $2,585,780 · Management $830,643 · Fundraising $246,852$3,663,275
IX-8 Pension plan contributionsPrograms $147,145 · Management $50,670 · Fundraising $14,270$212,085
IX-9 Other employee benefitsPrograms $242,268 · Management $91,053 · Fundraising $20,768$354,089
IX-10 Payroll taxesPrograms $225,924 · Management $77,022 · Fundraising $22,036$324,982
IX-11b Legal feesPrograms $321,482 · Management $16,405$337,887
IX-11c Accounting feesManagement $17,200$17,200
IX-11d Lobbying feesPrograms $2,000$2,000
IX-11g Other fees for servicesPrograms $5,256,678 · Management $227,626 · Fundraising $3,064$5,487,368
IX-12 Advertising and promotionPrograms $52,736 · Management $49,534$102,270
IX-13 Office expensesPrograms $192,217 · Management $86,206 · Fundraising $2,796$281,219
IX-14 Information technologyPrograms $47,067 · Management $31,053$78,120
IX-16 OccupancyPrograms $81,888 · Management $133,953 · Fundraising $8,894$224,735
IX-17 TravelPrograms $1,263,659 · Management $37,368 · Fundraising $54,721$1,355,748
IX-19 Conferences, conventions and meetingsPrograms $188,436 · Management $7,060 · Fundraising $9,620$205,116
IX-22 Depreciation, depletion and amortizationPrograms $31,091 · Management $6,213$37,304
IX-23 InsurancePrograms $30,473 · Management $46,346 · Fundraising $41$76,860
IX-24 Other expenses (24a–d)Programs $1,230,317 · Management $8,245 · Fundraising $8,498$1,247,060
IX-24e All other expensesPrograms $5,950 · Management $17,358 · Fundraising $2,651$25,959
IX-25 Total functional expensesPrograms $16,641,700 · Management $1,752,977 · Fundraising $432,254$18,826,931
Part X · Balance sheet $23,212,933 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $278,983$259,306
X-2 Savings and temporary cash investmentsStart of year $1,591,538$304,907
X-3 Pledges and grants receivableStart of year $3,410,368$4,866,930
X-4 Accounts receivableStart of year $408,478$701,572
X-9 Prepaid expenses and deferred chargesStart of year $82,252$57,175
X-10c Land, buildings and equipment, netStart of year $25,650$1,095,716
X-11 Publicly traded securitiesStart of year $1,506,365$1,464,139
X-12 Other securitiesStart of year $13,015,000$13,015,000
X-14 Intangible assetsStart of year $10,833$15,688
X-15 Other assetsStart of year $1,606,415$1,432,500
X-16 Total assetsStart of year $21,935,882$23,212,933
X-17 Accounts payable and accrued expensesStart of year $831,128$645,595
X-18 Grants payable$217,119
X-19 Deferred revenueStart of year $366,523$1,536,523
X-25 Other liabilitiesStart of year $1,930,742$1,518,908
X-26 Total liabilitiesStart of year $3,128,393$4,362,097
X-27 Net assets without donor restrictionsStart of year $16,014,132$11,566,652
X-28 Net assets with donor restrictionsStart of year $2,793,357$7,284,184
X-32 Total net assets or fund balancesStart of year $18,807,489$18,850,836
X-33 Total liabilities and net assetsStart of year $21,935,882$23,212,933
Part XI · Reconciliation of net assets $18,850,836 net assets at year end
XI-1 Total revenue$18,847,028
XI-2 Total expenses$18,826,931
XI-3 Revenue less expenses$20,097
XI-4 Net assets at start of year$18,807,489
XI-5 Net unrealized gains (losses) on investments−$3,604
XI-8 Prior period adjustments$26,854
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,850,836

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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