Plastic Oceans International FY2022 filing

Tax-deductible

Malibu, CA501(c)(3)EnvironmentEIN 81-3778043Revenue $494K in FY2022

On file with the IRSplasticoceans.org23823 Malibu Rd 50205, 90265-4628 · Malibu, CATax-exempt since Dec 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Fostering sustainable communities to end plastic pollution

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $46K a year · 11% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $101K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$494K
+51% vs prior year
Spent
$530K
To programs
98%
Net assets
$434K
By yearFY2020–FY2024
Revenue
$494K
FY2022▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$851K
FY2021$326K
FY2022$494K
FY2023$197K
FY2024$217K
Expenses
$530K
FY2022▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2020$551K
FY2021$675K
FY2022$530K
FY2023$335K
FY2024$224K
Net assets
$434K
FY2022▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$820K
FY2021$471K
FY2022$434K
FY2023$297K
FY2024$54K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $521K Management & general 2% · $9K

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
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
See Plastic Oceans International 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 15aNo

Programs and updates

Empowering communities to create a plastic-free future.

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Provided by the organization

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1 program · $521K · in their own filed words · FY2022
01

We align film and with our pillars of education, activism, advocacy and science to inspire and incite action that can lead to changes in consumer behavior, corporate practices and public policy.

$521Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$494K
Ln 12
Gifts and grantsLn 1h$494K
Money outPt IX
$530K
Ln 25
Programscol B$521K
Managementcol C$9K
Owns and owesPt X
$434K
net assets · Ln 32
Cash and savingsLn 1–2$434K
Total assetsLn 16$434K
LiabilitiesLn 26$0
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$494K
Total revenueLn 12$494K
Assets in detailPt X, end of year
CashLn 1$234K
SavingsLn 2$200K
Cash and savings togetherLn 1–2$434K
Total assetsLn 16$434K
LiabilitiesLn 26$0
Net assetsLn 32$434K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$471K$434K
Total assetsLn 16$471K$434K
LiabilitiesLn 26$0$0
Net assetsLn 32$471K$434K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$24K$24K
Grants and assistance to foreign recipientsLn 3$31K$31K
Management feesLn 11a$63K$63K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$27K$27K
Advertising and promotionLn 12$34K$34K
Office expensesLn 13$20K$20K
OccupancyLn 16$18K$18K
TravelLn 17$25K$25K
Conferences, conventions and meetingsLn 19$11K$11K
Other expenses (24a–d)Ln 24$235K$235K
All other expensesLn 24e$31K$28K$2K
Total functional expensesLn 25$530K$521K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $217K$224K−$7K$54K 990 PDF
FY2023 $197K$335K−$138K$297K 990 PDF
FY2022 Viewing $494K$530K−$36K$434K 990 PDF
FY2021 $326K$675K−$349K$471K 990 PDF
FY2020 $851K$551K$300K$820K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $493,705 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $326,270$493,705
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $326,270$493,705
I-13 Grants and similar amounts paidPrior year $5,000$55,097
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $670,306$474,912
I-18 Total expensesPrior year $675,306$530,009
I-19 Revenue less expensesPrior year −$349,036−$36,304
Part VI · Governance 3 of 3 board members independent, 4 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-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $493,705 across 3 lines filed
VIII-1f All other contributions, gifts and grants$493,705
VIII-1h Total contributions, gifts and grants$493,705
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$493,705
Part IX · Statement of functional expenses $530,009 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $23,870$23,870
IX-3 Grants and assistance to foreign recipientsPrograms $31,227$31,227
IX-11a Management feesPrograms $62,615$62,615
IX-11b Legal feesManagement $6,093$6,093
IX-11c Accounting feesPrograms $4,906$4,906
IX-11g Other fees for servicesPrograms $27,357$27,357
IX-12 Advertising and promotionPrograms $34,262$34,262
IX-13 Office expensesPrograms $20,280$20,280
IX-16 OccupancyPrograms $17,526$17,526
IX-17 TravelPrograms $25,049$25,049
IX-19 Conferences, conventions and meetingsPrograms $10,558$10,558
IX-24 Other expenses (24a–d)Programs $235,451$235,451
IX-24e All other expensesPrograms $28,337 · Management $2,478$30,815
IX-25 Total functional expensesPrograms $521,438 · Management $8,571 · Fundraising $0$530,009
Part X · Balance sheet $434,240 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $270,544$234,240
X-2 Savings and temporary cash investmentsStart of year $200,000$200,000
X-16 Total assetsStart of year $470,544$434,240
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $470,544$434,240
X-32 Total net assets or fund balancesStart of year $470,544$434,240
X-33 Total liabilities and net assetsStart of year $470,544$434,240
Part XI · Reconciliation of net assets $434,240 net assets at year end
XI-1 Total revenue$493,705
XI-2 Total expenses$530,009
XI-3 Revenue less expenses−$36,304
XI-4 Net assets at start of year$470,544
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$434,240

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

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