Oceans Initiative FY2020 filing

Tax-deductible

Seattle, WA501(c)(3)Science & TechnologyEIN 90-1015993Revenue $665K in FY2020

On file with the IRSoceansinitiative.org2700 Ne 91st St, 98115-3468 · Seattle, WATax-exempt since Apr 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Oceans Initiative is a team of scientists on a mission to protect marine life and the ecosystems on which they depend, and to share our innovative science to guide conservation action.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$267K 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

FY2020 · 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 5
filings with a surplus
Average deficit $24K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$267K
to officers and key staff · 42% of spending
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $484K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$128K
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 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
$665K
Spent
$636K
To programs
75%
Net assets
$143K
By yearFY2020–FY2024
Revenue
$665K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$665K
FY2021$899K
FY2022$1.2M
FY2023$862K
FY2024$865K
Expenses
$636K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$636K
FY2021$916K
FY2022$1.0M
FY2023$1.1M
FY2024$909K
Net assets
$143K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$143K
FY2021$126K
FY2022$268K
FY2023$13K
FY2024−$32K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Apr 2016.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $479K Management & general 25% · $156K Fundraising 0% · $672

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

7 people listed on the 990; $267K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Scientist
$152,133Pt VII · Sec A
President, Exec Director
$115,144Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Rob Williams’s $165K as Chief Scientist is at the 89th percentile of top reported officer pay among 312 $100K–1M science & technology 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rob Williams$164,616$159,821$174,567$191,357$152,133
Erin Ashe$148,526$144,200$151,149$102,000$115,144

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 Oceans Initiative 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Protect marine life and ecosystems through innovative science and conservation action.

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Provided by the organization

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3 programs · $479K · in their own filed words · FY2020
01

Killer Whale Conservation

We have research projects on all three threats to the endangered southern resident killer whales in the puget sound; namely: not enough salmon, too much noise, and contaminants

$287Kprogram expense
02

Sound Ocean

We study the impacts of in-air and underwater noise on fish, seabirds, and marine mammals. We also engagethe community as "citizen scientists" to help us collect data so we ....

$96Kprogram expense
03

Conservation Tools

This includes tools such as statistical approaches to address marine mammal bycatch and acoustic devices to deter pinniped (sea lions) predation on migrating salmon.

$96Kprogram 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 10 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$665K
Ln 12
Gifts and grantsLn 1h$597K
Fees for servicesLn 2g$67K
Money outPt IX
$636K
Ln 25
Programscol B$479K
Managementcol C$156K
Fundraisingcol D$672
Owns and owesPt X
$143K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$271K
LiabilitiesLn 26$128K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$597K
Government grantsLn 1e$282K
Fees for servicesLn 2g$67K
Total revenueLn 12$665K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Land, buildings, equipmentLn 10c$173K
Total assetsLn 16$271K
LiabilitiesLn 26$128K
Net assetsLn 32$143K
OperationsPt I, VI
EmployeesI 58
VolunteersI 66
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$17K$68K
Land, buildings, equipmentLn 10c$205K$173K
Total assetsLn 16$223K$271K
LiabilitiesLn 26$108K$128K
Net assetsLn 32$115K$143K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$287K$166K$121K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$400$400
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$178K$178K$24
Advertising and promotionLn 12$964$802$162
Office expensesLn 13$3K$926$2K
Information technologyLn 14$2K$1K$1K
OccupancyLn 16$36K$36K
TravelLn 17$18K$18K$87
Conferences, conventions and meetingsLn 19$300$300
InterestLn 20$8K$8K
Depreciation, depletion and amortizationLn 22$33K$33K
InsuranceLn 23$12K$8K$4K
Other expenses (24a–d)Ln 24$42K$35K$7K$510
Total functional expensesLn 25$636K$479K$156K$672

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $865K$909K−$45K−$32K 990 PDF
FY2023 $862K$1.1M−$256K$13K 990 PDF
FY2022 $1.2M$1.0M$169K$268K 990 PDF
FY2021 $899K$916K−$17K$126K 990 PDF
FY2020 Viewing $665K$636K$28K$143K 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 FY2020 990 (6 parts)
Part I · Summary $664,562 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $416,708$597,212
I-9 Program service revenuePrior year $12,594$67,350
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $429,302$664,562
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $252,823$290,094
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $145,319$346,012
I-18 Total expensesPrior year $398,142$636,106
I-19 Revenue less expensesPrior year $31,160$28,456
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $664,562 across 5 lines filed
VIII-1e Government grants$282,065
VIII-1f All other contributions, gifts and grants$315,147
VIII-1h Total contributions, gifts and grants$597,212
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $67,350$67,350
VIII-12 Total revenueRelated to mission $67,350 · Unrelated business $0 · Excluded from tax $0$664,562
Part IX · Statement of functional expenses $636,106 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $166,223 · Management $121,144$287,367
IX-10 Payroll taxesPrograms $2,727$2,727
IX-11b Legal feesManagement $400$400
IX-11c Accounting feesManagement $12,778$12,778
IX-11g Other fees for servicesPrograms $177,954 · Management $24$177,978
IX-12 Advertising and promotionManagement $802 · Fundraising $162$964
IX-13 Office expensesPrograms $926 · Management $1,591$2,517
IX-14 Information technologyPrograms $1,467 · Management $1,033$2,500
IX-16 OccupancyPrograms $36,235$36,235
IX-17 TravelPrograms $17,718 · Management $87$17,805
IX-19 Conferences, conventions and meetingsPrograms $300$300
IX-20 InterestManagement $7,933$7,933
IX-22 Depreciation, depletion and amortizationPrograms $32,644$32,644
IX-23 InsurancePrograms $8,144 · Management $3,828$11,972
IX-24 Other expenses (24a–d)Programs $34,642 · Management $6,834 · Fundraising $510$41,986
IX-25 Total functional expensesPrograms $478,980 · Management $156,454 · Fundraising $672$636,106
Part X · Balance sheet $270,746 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $16,605$67,869
X-3 Pledges and grants receivable$29,142
X-9 Prepaid expenses and deferred chargesStart of year $1,050$1,050
X-10c Land, buildings and equipment, netStart of year $205,329$172,685
X-16 Total assetsStart of year $222,984$270,746
X-17 Accounts payable and accrued expensesStart of year $37,439$8,821
X-24 Unsecured notes and loans payable$36,261
X-26 Total liabilitiesStart of year $108,268$127,822
X-27 Net assets without donor restrictionsStart of year $114,716$142,924
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $114,716$142,924
X-33 Total liabilities and net assetsStart of year $222,984$270,746
Part XI · Reconciliation of net assets $142,924 net assets at year end
XI-1 Total revenue$664,562
XI-2 Total expenses$636,106
XI-3 Revenue less expenses$28,456
XI-4 Net assets at start of year$114,716
XI-8 Prior period adjustments−$248
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$142,924

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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