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The Ocean Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 710863908 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is The Ocean Foundation?

The Ocean Foundation is a non-profit organization situated in Washington, D.C. Its primary mission is to protect and preserve marine life, with a special focus on species of significant concern. The foundation serves as a community-based organization, aiming to support and strengthen those dedicated to restoring the health of ocean environments worldwide. By focusing on apex predators and keystone species, the foundation hopes to maintain a balanced marine ecosystem. The Ocean Foundation operates under the motto, "Tell Us What You Want To Do," reflecting its openness to various initiatives aimed at ocean conservation. The foundation currently employs 42 individuals in its mission to reverse the destruction of ocean environments.


Official website here: www.oceanfdn.org

What are the reviews and ratings of this charity?

Charity Navigator Rating 91% - Four-Star out of Four Star Rating

The Ocean Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, culture and community, and particularly in leadership and adaptability. With a high program expense ratio of 84.49%, the organization demonstrates a commitment to utilizing the majority of its funds directly for programmatic efforts, ensuring impactful use of resources.

Key strengths include a fully independent board, which enhances governance integrity, and an impressive score of 100% in various feedback-related categories, indicating a robust mechanism for gathering and utilizing constituent feedback. The organization also scores well in equity strategies, which suggests a thoughtful approach to inclusivity and fairness in its operations.

While the Foundation shows strong overall performance, the lower score in the equity strategies section (87 out of 100) may indicate room for improvement in addressing all aspects of equity comprehensively. Nevertheless, the organization's structural strengths and financial health position it well to continue its mission in ocean conservation effectively.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about The Ocean Foundation?

94% of 10 reviewers on Facebook recommend The Ocean Foundation. Many highlight how the organization is committed to marine conservation and making a positive impact on ocean health.

The sentiment reflects a strong appreciation for the foundation's efforts in raising awareness and providing valuable resources related to oceanic preservation. The organization is seen as effectively engaging supporters and fostering a sense of community around environmental issues.

Overall, it’s clear that The Ocean Foundation resonates well with its supporters, who feel encouraged by its mission and actions to protect the oceans.


This AI summary has been generated from reviews found on Facebook.

Is The Ocean Foundation legitimate?

The Ocean Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ocean Foundation 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: $337,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,648,579

For more financial information, click here


Official website here: www.oceanfdn.org

What is the mission statement of The Ocean Foundation?

The Ocean Foundation is a unique community-driven organization with a mission to support, bolster, and advocate for groups dedicated to reversing the global degradation of ocean environments. Their motto is "Tell Us What You Want To Do." The mission of this organization is primarily focused on protecting species of concern, especially the large marine animals that serve as indicators of the health of ocean ecosystems. By preserving these apex predators and keystone species, they aim to maintain the balance within the ocean's ecosystem.


Official website here: www.oceanfdn.org

Who is the CEO of The Ocean Foundation?

Mark J Spalding is the Chairman & Director of The Ocean Foundation.


Official website here: www.oceanfdn.org

What is the revenue of The Ocean Foundation?

The Ocean Foundation's revenue in 2022 was $11,796,534.


Official website here: www.oceanfdn.org

Who are the executives of The Ocean Foundation and what are their salaries?

The average compensation at The Ocean Foundation during 2022 was $71,097. There are 42 employees and 250 volunteers at The Ocean Foundation.


Here are 20 key members and their salaries:


Elliot S Cafritz (Chairman & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angel Braestrup (Secretary & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joshua R Ginsberg (Treasurer (7/21 - 9/21) & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olha Krushelnytska (Treasurer (9/21 - ) & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Eichbaum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell F Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Volgenau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Imani Fairweather Morrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Naguib (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lumay Wang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Tillinghast (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Thorne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rolando Morillo (Director (9/21 - ))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark J Spalding (President)
  • Compensation: $300,258
  • Related: $0
  • Other: $36,604
Tamika Washington (Finance & Operations Director)
  • Compensation: $132,340
  • Related: $0
  • Other: $18,066
Shana Miller (Program Director)
  • Compensation: $143,992
  • Related: $0
  • Other: $10,542
Kate Morrison (Strategic Partnerships Director)
  • Compensation: $127,300
  • Related: $0
  • Other: $9,254
Maria Alej Navarrete Hernandez (Govt & Multinationals Liason Officer)
  • Compensation: $113,400
  • Related: $0
  • Other: $18,450
David Gershman (Program Officer)
  • Compensation: $111,583
  • Related: $0
  • Other: $18,261


Official website here: www.oceanfdn.org

Where can I find the form 990 for The Ocean Foundation?

The Ocean Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oceanfdn.org

Learn more at the official website: www.oceanfdn.org

Mission Statement of The Ocean Foundation

The Ocean Foundation, a unique community-oriented organization, is on a mission to support, strengthen, and promote entities dedicated to the preservation and rejuvenation of ocean environments worldwide. With the motto "Tell Us What You Want To Do," this foundation seeks to aid organizations that aim to reverse the alarming trend of ocean destruction.

The primary focus of The Ocean Foundation is the protection of species of concern, particularly those that play a crucial role in maintaining the balance of ocean ecosystems. These apex predators and keystone species, such as whales, dolphins, and sharks, captivate our interest and serve as important indicators of the overall health of the oceans. By supporting organizations that work to safeguard these species, The Ocean Foundation contributes to the overall health and sustainability of the world's oceans.

In essence, The Ocean Foundation serves as a beacon of hope for communities and organizations worldwide, striving to preserve and protect our oceans and the diverse wildlife that call them home. By fostering collaboration and support, the foundation aims to create a ripple effect, ultimately leading to a healthier ocean environment for future generations.

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Impact




June, 2024

The Ocean Foundation's impact is centered around supporting, strengthening, and promoting organizations dedicated to reversing the trend of destruction of ocean environments around the world. One key focus area is protecting species of concern, such as humpback whales, dolphins, and great white sharks. These animals serve as ambassadors of the sea, playing crucial roles as apex predators and keystone species in maintaining the balance of the ocean ecosystem. By working to safeguard these species, The Ocean Foundation contributes to the overall health and sustainability of ocean environments globally.




This information is meant to be a general summary of The Ocean Foundation. 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.

Revenue
$11,796,534 (2022)
Expenses
$11,541,472 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,042
  • Program Service Revenue: $637,529
  • Gross Receipts: $11,811,470

Assets and Liabilities:

  • Total Assets: $16,715,684
  • Total Liabilities: $1,060,784
  • Net Assets: $15,654,900

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Fees for Services

Revenue

$637,529

Organization Details

Founding Year

2001

Principal Officer

Mark J Spalding

Main Address

1320 19th Street NW, Washington, DC, 20036

NTEE Category

Code: C12 - Environment

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