Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 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
5 people listed on the 990; $77K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2020 | FY2020 |
|---|---|---|
| Sumeet Bhatti Bodington | $101,077 | $77,308 |
| Andrew J Sullivan | $100,968 | — |
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
Cleans plastic pollution from rivers in developing communities to protect oceans.
Questions for Renew Oceans INC
Your first name shows with your question. Renew Oceans INC answers here, for everyone.
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Renew oceans works to divert significant amounts of ocean-bound plastic waste from polluted rivers and their tributary systems by increasing recovery and recycling through infrastructure development for waste collection and management, innovation to make collection easier and create value from all post-use plastics, and engagement of…
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $790K | $3.2M |
| Total assetsLn 16 | $5.0M | $3.2M |
| LiabilitiesLn 26 | $11K | $19K |
| Net assetsLn 32 | $5.0M | $3.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $126K | $50K | $25K | $50K |
| Other salaries and wagesLn 7 | $20K | $11K | $7K | $1K |
| Payroll taxesLn 10 | $12K | $5K | $3K | $4K |
| Legal feesLn 11b | $3K | $3K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Investment management feesLn 11f | $2K | $2K | ||
| Other fees for servicesLn 11g | $389K | $240K | $101K | $48K |
| Office expensesLn 13 | $763 | $763 | ||
| Information technologyLn 14 | $5K | $1K | $2K | $2K |
| OccupancyLn 16 | $4K | $3K | $1K | |
| TravelLn 17 | $51K | $48K | $3K | |
| Conferences, conventions and meetingsLn 19 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $1.2M | $1.2M | $285 | |
| All other expensesLn 24e | $2K | $1K | $1K | |
| Total functional expensesLn 25 | $1.8M | $1.5M | $156K | $107K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2020 Viewing | $7K | $1.8M | −$1.8M | $3.2M | 990 PDF |
| FY2019 | $5.0M | $21K | $5.0M | $5.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $7,461 revenue, 12 lines filed
Part VI · Governance 3 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $7,461 across 3 lines filed
Part IX · Statement of functional expenses $1,810,553 across 14 lines filed
Part X · Balance sheet $3,195,511 assets, 10 lines filed
Part XI · Reconciliation of net assets $3,176,351 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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