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Ocean Grants Foundation

Tax-deductible

Lighthouse Pt, FL501(c)(3)Environment EIN 85-2690732Revenue $1.5M in FY2025

On file with the IRS3741 Ne 27th Ter, 33064-8401 · Lighthouse Pt, FLTax-exempt since Nov 2020Supporting org, Type I — 509(a)(3)

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Is to support Ocean Grants, a 501(c)3 public charity that educates the public about ocean conservation and provides grants to other ocean- focused nonprofit organizations, through fundraising and grant-making.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 5 volunteers.
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
2 of 3
filings with a surplus
Average surplus $354K a year · 56% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 2% of spending
Top officer’s pay lower than 99% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$245K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
×14 vs prior year
Spent
$534K
To programs
94%
Net assets
$1.4M
By yearFY2021–FY2025
Revenue
$1.5M
FY2025▲ ×14
Tap a bar for its year
Revenue by fiscal year
FY2021$270K
FY2022$81K
FY2023$69K
FY2024$106K
FY2025$1.5M
Expenses
$534K
FY2025▲ +107%
Tap a bar for its year
Expenses by fiscal year
FY2021$36K
FY2022Not on file
FY2023Not on file
FY2024$258K
FY2025$534K
Net assets
$1.4M
FY2025▲ ×11
Tap a bar for its year
Net assets by fiscal year
FY2021$234K
FY2022−$17K
FY2023−$71
FY2024−$152K
FY2025$1.4M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2020.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $501K Management & general 6% · $33K

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

6 people listed on the 990; $12K 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
Jennifer Persson
President and Chairman
$12,000Pt VII · Sec A
Patrick Scheufler
Secretary / Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Davis
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Persson’s $12K as President and Chairman is at the 1st percentile of top reported officer pay among 1851 $1–10M 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.

See Ocean Grants 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fundraises and makes grants to support ocean conservation education and other ocean-focused nonprofits.

Questions for Ocean Grants Foundation

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Your first name shows with your question. Ocean Grants Foundation answers here, for everyone.

Provided by the organization

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1 program · $501K · in their own filed words · FY2024
01

To support ocean grants, a 501 (c)(3) public charity, that educates the public about ocean conservation and other ocean-focused nonprofit organizations, through fundraising and grant-making.

$501Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$71K
Money outPt IX
$534K
Ln 25
Programscol B$501K
Managementcol C$33K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$1.6M
LiabilitiesLn 26$245K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Noncash giftsLn 1g$1.2M
Fees for servicesLn 2g$71K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$1.6M
LiabilitiesLn 26$245K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$23K$49K
Land, buildings, equipmentLn 10c$909K$1.6M
Total assetsLn 16$933K$1.6M
LiabilitiesLn 26$1.1M$245K
Net assetsLn 32−$152K$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Pay of current officers, directors and key staffLn 5$12K$12K
Legal feesLn 11b$434$434
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$50K$50K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$968$27$941
TravelLn 17$195$195
Depreciation, depletion and amortizationLn 22$224K$224K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$185K$162K$22K
All other expensesLn 24e$39K$34K$6K
Total functional expensesLn 25$534K$501K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.5M$534K$981K$1.4M 990 PDF
FY2024 $106K$258K−$152K−$152K 990 PDF
FY2023 $69K−$71 990 PDF
FY2022 $81K−$17K 990 PDF
FY2021 $270K$36K$234K$234K 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 M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,515,293 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $105,649$1,444,543
I-9 Program service revenuePrior year $0$70,750
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $105,649$1,515,293
I-13 Grants and similar amounts paidPrior year $0$4,308
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$12,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $257,839$517,958
I-18 Total expensesPrior year $257,839$534,266
I-19 Revenue less expensesPrior year −$152,190$981,027
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,515,293 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,444,543
VIII-1g Noncash contributions (included above)$1,200,000
VIII-1h Total contributions, gifts and grants$1,444,543
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $70,750$70,750
VIII-12 Total revenueRelated to mission $70,750 · Unrelated business $0 · Excluded from tax $0$1,515,293
Part IX · Statement of functional expenses $534,266 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $4,308$4,308
IX-5 Pay of current officers, directors and key staffPrograms $12,000$12,000
IX-11b Legal feesManagement $434$434
IX-11c Accounting feesManagement $3,392$3,392
IX-11g Other fees for servicesPrograms $49,931$49,931
IX-12 Advertising and promotionPrograms $4,335$4,335
IX-13 Office expensesPrograms $27 · Management $941$968
IX-17 TravelManagement $195$195
IX-22 Depreciation, depletion and amortizationPrograms $224,000$224,000
IX-23 InsurancePrograms $10,401$10,401
IX-24 Other expenses (24a–d)Programs $162,496 · Management $22,309$184,805
IX-24e All other expensesPrograms $33,730 · Management $5,767$39,497
IX-25 Total functional expensesPrograms $501,228 · Management $33,038 · Fundraising $0$534,266
Part X · Balance sheet $1,609,707 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $23,395$49,011
X-10c Land, buildings and equipment, netStart of year $909,230$1,560,696
X-16 Total assetsStart of year $932,690$1,609,707
X-19 Deferred revenueStart of year $900,880$0
X-25 Other liabilitiesStart of year $184,025$245,000
X-26 Total liabilitiesStart of year $1,084,905$245,000
X-27 Net assets without donor restrictionsStart of year −$152,215$1,364,707
X-32 Total net assets or fund balancesStart of year −$152,215$1,364,707
X-33 Total liabilities and net assetsStart of year $932,690$1,609,707
Part XI · Reconciliation of net assets $1,364,707 net assets at year end
XI-1 Total revenue$1,515,293
XI-2 Total expenses$534,266
XI-3 Revenue less expenses$981,027
XI-4 Net assets at start of year−$152,215
XI-8 Prior period adjustments$535,895
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,364,707

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

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