Overview
What is World Ocean Council?
The World Ocean Council is a nonprofit organization based in Honolulu, Hawaii, with a single employee. Their primary focus is to promote and encourage sustainable ocean uses within the ocean industry and wider public. They achieve this by developing awareness about the necessity of a healthy and productive global ocean. The World Ocean Council also assembles working groups among its members to address operational and technical marine environmental issues, such as marine sound and port reception facilities. At a regional level, they have advanced the work of their Arctic Working Group. Furthermore, the organization is working to develop a cross-sectoral ocean industry interest in ocean policy and planning, with the "SMART" Working Group engaging industry vessels and offshore platforms in data collection and sharing.
Official website here: www.oceancouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
The World Ocean Council has received a One-Star rating from Charity Navigator, indicating significant room for improvement in its accountability and financial practices. While the organization boasts a fully independent board and has effectively maintained its asset integrity with no diversion of assets reported, several key policies and documentation are missing, which has negatively impacted its overall score.
The organization has demonstrated strong commitment in areas such as program expense ratio, allocating 89.29% of its budget towards programs, which reflects its focus on mission-related activities. However, the absence of a whistleblower policy, document retention policy, and the failure to post its tax form on its website are notable shortcomings that raise concerns about transparency and governance practices.
The high liabilities to assets ratio of 174.88% is particularly concerning as it suggests financial instability, which may hinder the organization's ability to sustain its operations in the long run. While there are strengths in governance structure, the overall lack of critical policies and financial health issues warrant attention from stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is World Ocean Council legitimate?
World Ocean Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Ocean Council 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: $180,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.oceancouncil.org
What is the mission statement of World Ocean Council?
The World Ocean Council encourages, promotes, and fosters awareness among the ocean industry and the broader public about the importance of having a healthy and productive global ocean. They advocate for sustainable ocean uses, aiming to inspire responsible ocean practices that ensure the ocean's long-term health and productivity. The organization actively develops working groups among its members to address marine environmental issues, such as marine sound and port reception facilities. At a regional level, they advance the work of their Arctic Working Group. Furthermore, the World Ocean Council works towards developing a cross-sectoral ocean industry interest in ocean policy and planning. Their "SMART" Working Group expands efforts to engage industry vessels and offshore platforms in data collection and sharing, promoting collaborative ocean conservation and sustainable use.
Official website here: www.oceancouncil.org
Who is the CEO of World Ocean Council?
Paul Holthus is the President of World Ocean Council.
Official website here: www.oceancouncil.org
What is the revenue of World Ocean Council?
World Ocean Council's revenue in 2022 was $1,256,659.
Official website here: www.oceancouncil.org
Who are the executives of World Ocean Council and what are their salaries?
The average compensation at World Ocean Council during 2022 was $180,000. There is 1 employee and 9 volunteers at World Ocean Council.
Here are 12 key members and their salaries:
- Compensation: $180,000
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- Other: $9,000
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Official website here: www.oceancouncil.org
Where can I find the form 990 for World Ocean Council?
World Ocean Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oceancouncil.org
Learn more at the official website: www.oceancouncil.org
Mission Statement of World Ocean Council
The World Ocean Council, a notable organization, works tirelessly to foster awareness and promote the importance of a healthy and productive global ocean within the ocean industry and the wider public. Their mission is twofold: firstly, they encourage and advocate for sustainable ocean uses, and secondly, they develop understanding and support for these objectives within various circles. In essence, the World Ocean Council serves as a catalyst for responsible ocean stewardship, championing the need for sustainable practices in ocean-related industries.
To achieve their mission, the World Ocean Council engages in several activities. They establish working groups among their members, focusing on addressing operational and technical marine environmental issues, such as marine sound and port reception facilities. Additionally, they advance the work of their Arctic Working Group at a regional level, contributing to a broader dialogue on ocean policy and planning. Furthermore, the council's "SMART" Working Group expands efforts to engage industry vessels and offshore platforms in data collection and sharing, thereby fostering a cross-sectoral ocean industry interest in ocean policy and planning. In summary, the World Ocean Council is committed to promoting sustainable ocean uses and fostering a responsible ocean industry through various initiatives and partnerships.
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Impact
October, 2024
The World Ocean Council (WOC) plays a vital role in fostering awareness and action within the ocean industry and among the public about the importance of maintaining a healthy and productive global ocean. By facilitating collaboration among stakeholders, WOC encourages sustainable ocean uses and promotes responsible practices.
Through the establishment of working groups, WOC addresses critical marine environmental issues, such as marine sound pollution and the development of port reception facilities. These initiatives not only enhance operational standards but also support the goal of minimizing the ecological impact of various ocean activities.
Regionally, WOC has focused efforts on the Arctic, promoting dialogue and research that underscore the unique environmental challenges and opportunities in this sensitive area. Additionally, WOC's "SMART" working group has engaged industry vessels and offshore platforms in meaningful data collection and sharing, enhancing the understanding of marine ecosystems and informing better ocean policy and planning.
By uniting diverse stakeholders under a collective mission, the WOC significantly contributes to ocean stewardship and advocates for an integrated approach to ocean governance that balances economic growth with environmental conservation.
This information is meant to be a general summary of World Ocean Council. 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.
- Program Service Revenue: $840,075
- Gross Receipts: $1,256,659
Assets and Liabilities:
- Total Assets: $420,961
- Total Liabilities: $736,185
- Net Assets: -$315,224
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBCONTRACTS/PARTNERSHIPS
Revenue
$669,431
CONFERENCE FEES
Revenue
$170,644
Organization Details
Founding Year
2010
Phone
(808) 277-9008Principal Officer
Paul Holthus
Main Address
3035 HIBISCUS DRIVE, HONOLULU, HI, 968154724
Website
www.oceancouncil.orgNTEE Category
Code: U21 - Science research
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