Oceansalaska FY2022 filing

Tax-deductible

Ketchikan, AK501(c)(3)AnimalsEIN 94-3194998Revenue $205K in FY2022

On file with the IRSoceansalaska.org2417 Tongass Ave Ste 111 Pmb 277, 99901-5966 · Ketchikan, AKTax-exempt since Jul 1994Publicly supported — 509(a)(2)

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To build and operate a regional marine education, exhibition, and research center.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
0 of 5
filings with a surplus
Average deficit $133K a year · 71% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
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
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$946K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$205K
+145% vs prior year
Spent
$319K
To programs
83%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$205K
FY2022▲ +145%
Tap a bar for its year
Revenue by fiscal year
FY2020$66K
FY2021$84K
FY2022$205K
FY2023$280K
FY2024$308K
Expenses
$319K
FY2022▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2020$242K
FY2021$211K
FY2022$319K
FY2023$415K
FY2024$421K
Net assets
$2.2M
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.3M
FY2022$2.2M
FY2023$2.0M
FY2024$2.0M

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 Jul 1994.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $265K Management & general 17% · $54K

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
President/Director
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President/Director
$0Pt VII · Sec A
See Oceansalaska 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 15aYes

Programs and updates

Builds and operates a marine education, exhibition, and research center.

Questions for Oceansalaska

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Provided by the organization

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2 programs · $265K · in their own filed words · FY2022
01

Maintainence of a mariculture research and facility float.

$155Kprogram expense
02

Hatchery, to provide seed to shell fish growers.

$110Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$205K
Ln 12
Gifts and grantsLn 1h$169K
Fees for servicesLn 2g$36K
Investment incomeLn 3$64
Money outPt IX
$319K
Ln 25
Programscol B$265K
Managementcol C$54K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$3.1M
LiabilitiesLn 26$946K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$169K
Government grantsLn 1e$169K
Fees for servicesLn 2g$36K
Investment incomeLn 3$64
Total revenueLn 12$205K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Land, buildings, equipmentLn 10c$3.1M
Total assetsLn 16$3.1M
LiabilitiesLn 26$946K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$11K$30K
Land, buildings, equipmentLn 10c$3.2M$3.1M
Total assetsLn 16$3.2M$3.1M
LiabilitiesLn 26$930K$946K
Net assetsLn 32$2.3M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$45K$45K
Management feesLn 11a$39K$39K
Accounting feesLn 11c$14K$14K
Office expensesLn 13$1K$1K
OccupancyLn 16$10K$10K
TravelLn 17$14K$14K
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$124K$124K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$31K$31K$22
Total functional expensesLn 25$319K$265K$54K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $308K$421K−$114K$2.0M 990 PDF
FY2023 $280K$415K−$134K$2.0M 990 PDF
FY2022 Viewing $205K$319K−$115K$2.2M 990 PDF
FY2021 $84K$211K−$127K$2.3M 990 PDF
FY2020 $66K$242K−$176K$2.4M 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 $204,678 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $55,043$168,510
I-9 Program service revenuePrior year $28,444$36,104
I-10 Investment incomePrior year $55$64
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $83,542$204,678
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 $13,945$45,382
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $196,771$273,854
I-18 Total expensesPrior year $210,716$319,236
I-19 Revenue less expensesPrior year −$127,174−$114,558
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $204,678 across 5 lines filed
VIII-1e Government grants$168,510
VIII-1h Total contributions, gifts and grants$168,510
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,104$36,104
VIII-3 Investment incomeUnrelated business $64$64
VIII-12 Total revenueRelated to mission $36,104 · Unrelated business $64 · Excluded from tax $0$204,678
Part IX · Statement of functional expenses $319,236 across 10 lines filed
IX-7 Other salaries and wagesPrograms $45,382$45,382
IX-11a Management feesManagement $38,720$38,720
IX-11c Accounting feesManagement $14,400$14,400
IX-13 Office expensesManagement $1,302$1,302
IX-16 OccupancyPrograms $9,676$9,676
IX-17 TravelPrograms $14,199$14,199
IX-20 InterestPrograms $11,800$11,800
IX-22 Depreciation, depletion and amortizationPrograms $123,548$123,548
IX-23 InsurancePrograms $29,540$29,540
IX-24 Other expenses (24a–d)Programs $30,647 · Management $22$30,669
IX-25 Total functional expensesPrograms $264,792 · Management $54,444 · Fundraising $0$319,236
Part X · Balance sheet $3,127,195 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $10,985$30,045
X-4 Accounts receivableStart of year $7,205$6,236
X-9 Prepaid expenses and deferred chargesStart of year $16,468$16,816
X-10c Land, buildings and equipment, netStart of year $3,197,646$3,074,098
X-16 Total assetsStart of year $3,232,304$3,127,195
X-17 Accounts payable and accrued expensesStart of year $87,524$92,335
X-24 Unsecured notes and loans payableStart of year $242,876$253,294
X-26 Total liabilitiesStart of year $930,400$945,629
X-32 Total net assets or fund balancesStart of year $2,301,904$2,181,566
X-33 Total liabilities and net assetsStart of year $3,232,304$3,127,195
Part XI · Reconciliation of net assets $2,181,566 net assets at year end
XI-1 Total revenue$204,678
XI-2 Total expenses$319,236
XI-3 Revenue less expenses−$114,558
XI-4 Net assets at start of year$2,301,904
XI-9 Other changes in net assets−$5,779
XI-10 Net assets at end of year$2,181,566

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

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