Overview
What is World Ocean School?
World Ocean School is a nonprofit organization based in Boston, Massachusetts. Primarily operating from St. Croix, U.S. Virgin Islands, they provide unique educational experiences at sea. Their primary vessel, the Schooner Roseway, is a historic landmark, and they offer educational day sails, student programming, and charters. Through these experiences, the World Ocean School empowers students from diverse backgrounds, fostering their growth into responsible, engaged community members. With a mission centered around experiential learning, the organization aims to motivate and inspire positive community engagement. Currently, World Ocean School is supported by a team of 30 dedicated individuals.
Official website here: www.worldoceanschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
World Ocean School has received an 80% score from Charity Navigator, indicating a solid performance in its accountability and financial aspects. The charity's rating is primarily based on its strong accountability measures, including a fully independent board and high scores in financial oversight categories, reflecting a commitment to transparency and responsible financial management.
The organization has a favorable program expense ratio of 74.68%, demonstrating that a significant portion of its funds is directed towards its mission-related activities. Additionally, its fundraising efficiency is notable, with only $0.18 spent to raise a dollar, which indicates effective fundraising practices. However, the charity has some areas for improvement, particularly in its governance policies, as it lacks a whistleblower policy and a document retention policy.
Despite these limitations, World Ocean School's overall financial health appears stable, with a liabilities to assets ratio of 62.54%. This suggests it maintains a manageable level of debt relative to its assets. Overall, while there are some governance gaps, the organization is effectively utilizing its resources to further its mission.
This AI summary has been generated from information found on Charity Navigator.
Is World Ocean School legitimate?
World Ocean School is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Ocean School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $93,647
Professional Fundraising Fees: $0
Other Salaries and Wages: $522,887
For more financial information, click here
Official website here: www.worldoceanschool.org
What is the mission statement of World Ocean School?
The World Ocean School's mission is to provide an authentic method of experiential education at sea, empowering students from diverse backgrounds to reach their full potential as responsible, productive, and engaged community members. This is achieved through experiential learning opportunities, primarily offered on the schooner Roseway, which sails from St. Croix, U.S. Virgin Islands. The educational experiences provided by the school not only teach participants about the history of the national historic landmark vessel but also offer unique ship-based educational opportunities.
Official website here: www.worldoceanschool.org
Who is the CEO of World Ocean School?
Eden Leonard is the Founder of World Ocean School.
Official website here: www.worldoceanschool.org
What is the revenue of World Ocean School?
World Ocean School's revenue in 2021 was $1,828,128.
Official website here: www.worldoceanschool.org
Who are the executives of World Ocean School and what are their salaries?
The average compensation at World Ocean School during 2021 was $20,551. There are 30 employees and 20 volunteers at World Ocean School.
Here are 20 key members and their salaries:
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Official website here: www.worldoceanschool.org
Where can I find the form 990 for World Ocean School?
World Ocean School's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.worldoceanschool.org
Learn more at the official website: www.worldoceanschool.org
Mission Statement of World Ocean School
World Ocean School, an organization dedicated to experiential education at sea, empowers students from diverse backgrounds to reach their full potential as responsible, productive, and engaged community members. Their mission is to provide an authentic learning experience onboard a historic vessel, the Schooner Roseway. This method of education aims to inspire and motivate students, fostering a sense of responsibility towards their communities. By sailing primarily from St. Croix, U.S. Virgin Islands, World Ocean School offers educational day sails, student programming, and charters. These experiences not only teach participants about the history of the Schooner Roseway but also offer unique ship-based educational opportunities. The goal is to equip students with the skills and mindset to become active and positive contributors to their communities.
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Impact
July, 2024
World Ocean School's impact lies in its ability to provide transformative experiential education at sea, empowering students from diverse backgrounds to reach their full potential. By offering educational day sails, student programming, and charters on the schooner Roseway primarily from St. Croix, U.S. Virgin Islands, this organization teaches participants the history of this national historic landmark vessel and provides unique ship-based educational opportunities. Through these experiences, World Ocean School inspires positive community engagement and helps shape responsible, productive, and engaged community members.
This information is meant to be a general summary of World Ocean School. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $2
- Program Service Revenue: $340,452
- Gross Receipts: $1,837,997
Assets and Liabilities:
- Total Assets: $1,840,039
- Total Liabilities: $1,543,948
- Net Assets: $296,091
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & PROGRAM FEES
Revenue
$340,452
Organization Details
Founding Year
2002
Phone
(617) 816-9247Principal Officer
Eden Leonard
Main Address
PO BOX 51091, BOSTON, MA, 02205
Website
www.worldoceanschool.orgNTEE Category
Code: B28 - Education
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