Ocean Aid 360 INC

Tax-deductible

St Petersburg, FL501(c)(3)EnvironmentEIN 82-3008707

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Ocean Aid 360 organizes events with volunteers from the local community to find, retrieve, and recycle marine debris and derelict fishing gear from the local watershed in order to restore essential fish habitat. Ocean Aid 360 supplies lunch and fishing prizes to incentivize volunteer participation and perfomance in the coastal cleanup experience.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
2 of 2
filings with a surplus
Average surplus $102K a year · 31% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $198K
Fine: 1 funder names it on their filings; under 3.
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
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$386K
+40% vs prior year
Spent
$256K
To programs
70%
Net assets
$229K
By yearFY2022–FY2024
Revenue
$386K
FY2024▲ +40%
Revenue by fiscal year
FY2022$167K
FY2023$276K
FY2024$386K
Expenses
$256K
FY2024▲ +27%
Expenses by fiscal year
FY2022Not on file
FY2023$202K
FY2024$256K
Net assets
$229K
FY2024▲ +129%
Net assets by fiscal year
FY2022$26K
FY2023$100K
FY2024$229K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2018.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $181K Management & general 30% · $76K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ocean Aid 360 INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organizes community cleanups to remove marine debris and restore fish habitats.

Provided by the organization

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1 program · in their own filed words · FY2024
01

Ocean aid 360 is an emerging powerhouse for community-inclusive design, implementation, and monitoring of marine habitat restoration programs. Through innovative partnerships, which leverage the resources of coastal communities, private industry, and government at the local, state, and federal levels; OA360 is positioned to create…

Pt IX · col B

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
Total grants receivedfrom 1 funder$198K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$386K
Ln 12
Gifts and grantsLn 1h$386K
Money outPt IX
$256K
Ln 25
Programscol B$181K
Managementcol C$76K
Owns and owesPt X
$229K
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$229K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$386K
Total revenueLn 12$386K
Assets in detailPt X, end of year
CashLn 1$229K
Cash and savings togetherLn 1–2$229K
Total assetsLn 16$229K
LiabilitiesLn 26$0
Net assetsLn 32$229K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$100K$229K
Total assetsLn 16$100K$229K
LiabilitiesLn 26$0$0
Net assetsLn 32$100K$229K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$71K$71K
Management feesLn 11a$45K$45K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$67K$67K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$14K$13K$535
Information technologyLn 14$3K$3K
OccupancyLn 16$12K$12K
TravelLn 17$40K$40K
Total functional expensesLn 25$256K$181K$76K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $386K$256K$129K$229K 990 PDF
FY2023 $276K$202K$75K$100K 990 PDF
FY2022 $167K$26K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $385,534 across 3 lines filed
VIII-1f All other contributions, gifts and grants$385,534
VIII-1h Total contributions, gifts and grants$385,534
VIII-12 Total revenue$385,534
Part IX · Statement of functional expenses $256,412 across 9 lines filed
IX-7 Other salaries and wagesManagement $70,529$70,529
IX-11a Management feesPrograms $44,927$44,927
IX-11c Accounting feesManagement $1,640$1,640
IX-11g Other fees for servicesPrograms $67,225$67,225
IX-12 Advertising and promotionPrograms $2,766$2,766
IX-13 Office expensesPrograms $13,492 · Management $535$14,027
IX-14 Information technologyManagement $2,954$2,954
IX-16 OccupancyPrograms $11,964$11,964
IX-17 TravelPrograms $40,380$40,380
IX-25 Total functional expensesPrograms $180,754 · Management $75,658 · Fundraising $0$256,412
Part X · Balance sheet $229,313 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $100,191$229,313
X-16 Total assetsStart of year $100,191$229,313
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $100,191$229,313
X-32 Total net assets or fund balancesStart of year $100,191$229,313
X-33 Total liabilities and net assetsStart of year $100,191$229,313
Part XI · Reconciliation of net assets $229,313 net assets at year end
XI-1 Total revenue$385,534
XI-2 Total expenses$256,412
XI-3 Revenue less expenses$129,122
XI-4 Net assets at start of year$100,191
XI-10 Net assets at end of year$229,313

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

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