Ocean Wise Conservation Association EIN 98-0050185 Form 990 (PDF) Claim this org

Ocean Wise Conservation Association FY2022 filing

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Empowers communities to protect and restore the world's oceans. For fiscal year 2022 it reported $11.5M in revenue, $12.4M in expenses, and $33.2M in net assets.Pt I

Founded
1956
Type
Public charity (501(c)(3)) · Nonprofit
Location
Canada
Website
www.ocean.org
Filings
5 on file (2020–2022)
Revenue
$11.5MFY2022
Expenses
$12.4M
Net assets
$33.2M
People
22
Filings
5
Updates
0
More identity details & actions ⌄
EIN  98-0050185 Public charity (501(c)(3)) Canada Founded 1956
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/22/26 · see original: IRS
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Size
$10–100M
What they do
Empowers communities to protect and restore the world's oceans.
Leadership
Mr Lars Gustafsson · President & CEO · $357K
Money in and out
$11.5M revenue, $12.4M expenses
Where the money goes · FY2022
Total revenue
$11.5M
Pt VIII · Ln 12
Total expenses
$12.4M
Pt IX · Ln 25
Net assets
$33.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$951K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.31 Fundraising $0.04

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$11.5M
FY2022▲ +15%
Expenses
$12.4M
FY2022▼ -13%
Total assets
$38.5M
FY2022▼ -15%
Total liabilities
$5.3M
FY2022▼ -20%
Total revenue
$11.5M
Pt VIII · Ln 12
Total expenses
$12.4M
Pt IX · Ln 25
Net assets
$33.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$951K
Total assetsPt X · Ln 16$38.5M
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 362
Independent voting membersPt I · Ln 462
Mission & Programs · Part III

Where the work happens

2 program services account for $8.1M of program spending, described in the organization's own filed words · FY2022.
01

Education

Ocean Wise's education programs engage educators, students and parents by delivering curriculum-based video courses, take-home education kits, activities and virtual visits with ocean experts.

$4.7Mprogram expense
02

Conservation & Research

Ocean Wise Seafood continues to drive responsible consumer choices in North America. The program, established to help businesses and customers identify and purchase sustainable seafood, has over 700 partner organizations around the world.

$3.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COcean Wise Conservation Association
EINHdr · item D98-0050185
Principal addressHdr · item CCanada,
WebsiteHdr · item Jwww.ocean.org
Year of formationHdr · item L1956
State of legal domicileHdr · item M
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a62
Independent voting membersPt VI · Ln 1b62
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$357,221Pt VII · Sec A
EVP, Conservation
$253,348Pt VII · Sec A
EVP, Finance & Business Dev.
$228,471Pt VII · Sec A
Director, Communications
$115,315Pt VII · Sec A
Director & Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director & Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mr Lars Gustafsson$308,245$344,526$357,221$300,890$243,105
Dr Carlos Drews$219,287$231,490$253,348$250,590$230,000
Ms Jennie Moushos$251,051$243,769$228,471$228,502$134,878
Dr John Nightingale$223,643
Mr Jeremy Douglas$184,549$148,243
Mr Clint Wright$177,138
Mr James Bartram$170,113
Ms Karen Howe$161,491

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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Statement of Revenue

Part VIII
Contributions & grants$9.2M · 80%
Investment income$1.5M · 13%
Program service revenue$538K · 5%
Other revenue$299K · 3%
Contributions & grants80%$9.2M
Investment income13%$1.5M
Program service revenue5%$538K
Other revenue3%$299K
— government grantsLn 1e$6.4M
Total revenueLn 12$11.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.31 Fundraising $0.04
Program services65%$8.1M
Management & general31%$3.8M
Fundraising4%$546K
Total functional expensesLn 25$12.4M

Balance Sheet

Part X · end of year
CashLn 1$36.0M
Total assetsLn 16$38.5M
Total liabilitiesLn 26$5.3M
Total net assetsLn 32$33.2M
Months of cash on handcomputed34.7

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$50K
Grants paid · 1 grant · $390K · 2024–2024
Eif Sponsorship AgreementCA · FY2024$389,781

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$10.9M revenue · ⤓ 990 PDF
FY2023$12.3M revenue · ⤓ 990 PDF
FY2022$11.5M revenue · viewing · ⤓ 990 PDF
FY2021$10.0M revenue · ⤓ 990 PDF
FY2020$17.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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