Overview
What is Ocearch?
Ocearch is a data-driven nonprofit organization based in Park City, Utah, with a mission to provide researchers with previously inaccessible oceanic data through collaborative expeditions. They aim to promote the ocean's restoration to balance and abundance by fostering groundbreaking research, education, outreach, and policy initiatives. Ocearch's work extends beyond U.S borders, focusing on sustainable fisheries management, marine debris reduction, and general ocean-related issues through unique collaborations with individuals and organizations. The organization, consisting of six employees, plays a significant role in advancing scientific knowledge and informing the public about ocean conservation.
Official website here: www.ocearch.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 53% (One-Star out of Four Star rating)
Ocearch has received a 53% rating from Charity Navigator, which indicates significant concerns regarding its accountability and financial management. The organization's score reflects a low Accountability & Finance Score of 48, primarily due to an unfavorable Liabilities to Assets Ratio of 77.18%, which raises questions about its financial stability. However, the nonprofit has demonstrated strengths in governance with a fully independent board and comprehensive policies in place for conflict of interest and whistleblowing.
Despite its strong leadership and adaptability scores, which were rated at 100, the organization struggles to allocate a sufficient portion of its expenditures towards programs, as evidenced by a program expense ratio of only 55.40%. This suggests a need for improvement in channeling funds directly into mission-driven activities. The lack of material diversion of assets is a positive aspect, showing that the organization is maintaining its integrity in financial practices.
Overall, while Ocearch shows strength in governance and leadership, concerns regarding financial efficiency and program spending limit its overall effectiveness as a nonprofit. Continued focus on improving financial health and increasing program expenditures could enhance its rating and enable more impactful work in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ocearch legitimate?
Ocearch is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocearch 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: $40,000
Other Salaries and Wages: $215,425
For more financial information, click here
Official website here: www.ocearch.org
What is the mission statement of Ocearch?
Ocearch is a mission-driven organization with a focus on oceanic research and education. Their primary objective is to provide scientists with previously unobtainable data through collaborative expeditions at sea. This data contributes to the ocean's restoration to balance and abundance. Ocearch accelerates scientific discoveries through fearless innovations in research, education, outreach, and policy. They form unique collaborations between individuals and organizations in the U.S and abroad, aiming to make a significant impact on marine issues, including sustainable fisheries management and the reduction of marine debris.
Official website here: www.ocearch.org
Who is the CEO of Ocearch?
Chris Fischer is the Director of Ocearch.
Official website here: www.ocearch.org
What is the revenue of Ocearch?
Ocearch's revenue in 2022 was $1,005,250.
Official website here: www.ocearch.org
Who are the executives of Ocearch and what are their salaries?
The average compensation at Ocearch during 2022 was $35,904. There are 6 employees and 3 volunteers at Ocearch.
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Official website here: www.ocearch.org
Where can I find the form 990 for Ocearch?
Ocearch's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ocearch.org
Learn more at the official website: www.ocearch.org
Mission Statement of Ocearch
Ocearch, a mission-driven organization, strives to conduct, sponsor, or fund groundbreaking research in the realm of sustainable fisheries management, marine debris identification and reduction, and various ocean-related issues. This data-centric nonprofit empowers scientists by providing them with previously unobtainable data through collaborative oceanic research expeditions. By fearlessly innovating in scientific research, education, outreach, and policy, Ocearch accelerates the ocean's return to balance and abundance.
Through unique collaborations of individuals and organizations both in the U.S and abroad, Ocearch's relentless pursuit of knowledge leads to breakthrough discoveries that contribute to the betterment of marine ecosystems. This nonprofit organization's dedication to sustainability and research paves the way for policies that protect and preserve the world's oceans. With a focus on data acquisition and dissemination, Ocearch's innovative approach to scientific exploration delivers insights that inspire change and foster a deeper connection with the world's most vast and mysterious waterways.
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Impact
October, 2024
Ocearch has a significant impact on ocean conservation through its innovative research and educational initiatives. By conducting collaborative oceanic research expeditions, Ocearch provides scientists with previously unattainable data, which is crucial for understanding marine ecosystems and addressing challenges such as sustainable fisheries management and marine debris. Their work accelerates the ocean's return to balance and abundance, fostering healthier marine environments.
Additionally, Ocearch engages in public outreach and education, raising awareness of important issues affecting the oceans. By informing the public and influencing policy, they contribute to a more sustainable approach to ocean resource management. Their unique collaborations with individuals and organizations both domestically and internationally enhance the efficacy of their mission, enabling more effective solutions to pressing marine issues. Overall, Ocearch plays a vital role in advancing ocean science and fostering a conservation-minded community.
This information is meant to be a general summary of Ocearch. 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.
- Gross Receipts: $1,005,250
Assets and Liabilities:
- Total Assets: $156,413
- Total Liabilities: $120,725
- Net Assets: $35,688
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Organization Details
Founding Year
2011
Phone
(435) 645-8990Principal Officer
Chris Fischer
Main Address
1790 BONANZA DRIVE, PARK CITY, UT, 84060
Website
www.ocearch.orgNTEE Category
Code: D30 - Animals
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