Overview
What is The Sargasso Sea Project Inc?
The Sargasso Sea Project Inc is a nonprofit organization based in Washington D.C., with a mission to garner international recognition for the significance of the Sargasso Sea and to cultivate protective measures for it through regional and international bodies. To achieve this, the organization collaborates with ten governments that signed the 2014 Hamilton Declaration, including the Azores, Bahamas, British Virgin Islands, Bermuda, Canada, Cayman Islands, Dominican Republic, Monaco, UK, and US. They have received financing from the Government of Sweden through IUCN to organize workshops on the governance of high seas ecosystems, utilizing big data and artificial intelligence. The organization has also been involved in a side event at the UN Ocean Conference as part of the SARGADOM project, and continues research collaboration with the Standing Committee on Research and Statistics (SCRS) of the International Convention on Conservation of Atlantic Tunas (ICCAT) and other competent organizations. The Sargasso Sea Project Inc has also secured a $3 million grant from the Global Environment Facility and is coordinating scientific inputs to the socio-ecosystem diagnostic analysis.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
The Sargasso Sea Project Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates that the organization effectively manages its resources and adheres to best practices in governance. The rating is particularly bolstered by the organization's full compliance in areas such as having an independent board and a solid conflict of interest policy.
One of the standout features of the organization is its transparency and integrity, demonstrated by a perfect score in material diversion of assets, and the establishment of crucial policies like whistleblower protection and document retention. The board consists entirely of independent members, which enhances its governance framework and decision-making processes.
The financial health of The Sargasso Sea Project is also impressive, with a program expense ratio of nearly 96%, indicating that a significant portion of its budget directly supports its programs rather than administrative costs. Overall, the organization exemplifies strong financial stewardship and ethical governance, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Sargasso Sea Project Inc legitimate?
The Sargasso Sea Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sargasso Sea Project Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Sargasso Sea Project Inc?
The Sargasso Sea Project Inc's mission revolves around securing international acknowledgement of the Sargasso Sea's significance and fostering protection measures for it. This is accomplished through collaboration with regional and international organizations, as outlined in their mission statement.
They continue to work with the ten governments that have signed the 2014 Hamilton Declaration, including the Azores, Bahamas, British Virgin Islands, Bermuda, Canada, Cayman Islands, Dominican Republic, Monaco, UK, and US.
With financing from the Government of Sweden, they hosted a major workshop on "The Governance of High Seas Ecosystems: and the use of Big Data and Artifical Intelligence" in March 2022.
They also held a significant side event at the UN Ocean Conference as part of the SARGADOM project. Furthermore, they maintain research collaborations with the Standing Committee on Research and Statistics (SCRS) of the International Convention on Conservation of Atlantic Tunas (ICCAT) and other competent organizations.
Additionally, they have coordinated scientific inputs for a socio-ecosystem diagnostic analysis, having secured a $3 million grant from the Global Environment Facility.
Who is the CEO of The Sargasso Sea Project Inc?
David Freestone is the President of The Sargasso Sea Project Inc.
What is the revenue of The Sargasso Sea Project Inc?
The Sargasso Sea Project Inc's revenue in 2022 was $210,288.
Who are the executives of The Sargasso Sea Project Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for The Sargasso Sea Project Inc?
The Sargasso Sea Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Sargasso Sea Project Inc
The Sargasso Sea Project Inc, a dedicated organization, strives to garner international recognition for the significance of the Sargasso Sea and work towards implementing protection measures for it. This mission is aimed at achieving this goal through competent regional and international organizations.
The organization actively collaborates with ten governments that have signed the 2014 Hamilton Declaration on Collaboration for the Conservation of the Sargasso Sea. These governments include Azores, Bahamas, British Virgin Islands, Bermuda, Canada, Cayman Islands, Dominican Republic, Monaco, UK, and US. Additionally, the organization has received financing from the Government of Sweden through IUCN to organize workshops and events focused on the governance of high seas ecosystems and the use of big data and artificial intelligence.
Moreover, the Sargasso Sea Project Inc has been involved in research collaboration with the Standing Committee on Research and Statistics (SCRS) of the International Convention on Conservation of Atlantic Tunas (ICCAT) and other competent organizations, such as North-west Fisheries Organization (NAFO). They have also held workshops and events, like an inception workshop for a Global Environment Facility grant of $3 million, and coordinated scientific inputs for the socio-ecosystem diagnostic analysis.
In essence, the Sargasso Sea Project Inc is an organization that works to raise global awareness about the Sargasso Sea and advocates for its protection through international cooperation and scientific research.
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Impact
June, 2024
The Sargasso Sea Project Inc's impact includes working with ten governments that have signed the 2014 Hamilton Declaration on Collaboration for the Conservation of the Sargasso Sea. The organization has also commissioned a major workshop on the governance of high seas ecosystems with the use of big data and artificial intelligence. In addition, they have held a major side event at the UN Ocean Conference as part of the SARGADOM project and continued research collaboration with various international organizations. The organization has also coordinated scientific inputs for a Global Environment Facility grant of $3 million.
This information is meant to be a general summary of The Sargasso Sea Project Inc. 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 2022.
- Investment Income: $4
- Program Service Revenue: $26,340
- Gross Receipts: $210,288
Assets and Liabilities:
- Total Assets: $44,365
- Total Liabilities: $0
- Net Assets: $44,365
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract revenue
Revenue
$26,340
Organization Details
Founding Year
2010
Phone
(202) 518-2071Principal Officer
David Freestone
Main Address
1630 Connecticut Avenue NW, Washington, DC, 200091056
NTEE Category
Code: C32 - Environment
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