Overview
What is Oceanic Global Foundation Corp?
Oceanic Global Foundation Corp, established in 2016, is an international non-profit organization based in Brooklyn, New York, with hubs in various cities worldwide. Its mission is to reconnect humanity with the ocean, the beating heart of our planet, and inspire actions towards coexisting harmoniously with nature. This is achieved through educational campaigns, partnerships with universities, artists, and businesses, and conservation initiatives across 26 countries. The organization's work is multifaceted, encompassing art, wellness, innovation, ancient wisdom, and science. Oceanic Global has launched over 38 global educational campaigns, partnered with over 16 universities, and collaborated with more than 180 artists. They have also initiated ocean conservation projects in numerous countries. In addition, Oceanic Global has been the official non-profit partner for United Nations World Oceans Day since 2019, reaching over 1 million people across 155 countries with free ocean education annually. In 2018, the foundation launched the Blue Standard, a cross-industry standard that establishes accountability for responsible business leadership, engaging over 400 global businesses in 30 countries and 7 governmental bodies to date. The Blue Standard aims to promote sustainable practices and catalyze cross-sector change for the betterment of our planet. Oceanic Global's work embodies a commitment to inspiring deep care for the ocean and providing solutions to protect it, empowering individuals, communities, and industries to create positive change.
Official website here: www.oceanic.global/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Oceanic Global Foundation Corp has received a two-star rating from Charity Navigator, indicating a need for improvement in various accountability and finance metrics. While the organization achieved a commendable score of 100 in both culture and community, as well as leadership and adaptability, its overall score of 69% reflects significant weaknesses in financial practices, particularly in governance and oversight.
One notable strength lies in the high program expense ratio of 75.63%, suggesting that a considerable portion of their funds is directed toward programs rather than administrative costs. However, the organization struggles with board independence, having no majority independent board members, which could raise concerns about potential conflicts of interest and oversight. Additionally, it has not established policies such as whistleblower protections and document retention, which are critical for transparency and accountability.
The financial health of the Oceanic Global Foundation Corp is also a concern, with a liabilities to assets ratio of 73.69%, indicating substantial financial obligations relative to its assets. While the organization benefits from strong leadership and effective strategies, addressing these financial governance issues will be crucial for enhancing its credibility and overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Oceanic Global Foundation Corp legitimate?
Oceanic Global Foundation Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oceanic Global Foundation Corp 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: $178,396
Professional Fundraising Fees: $0
Other Salaries and Wages: $232,869
For more financial information, click here
Official website here: www.oceanic.global/
What is the mission statement of Oceanic Global Foundation Corp?
Oceanic Global Foundation Corp's mission is to inspire a deep connection with the ocean and offer solutions to protect it. As an international non-profit organization, Oceanic Global empowers individuals, communities, and industries to bring about positive change for the ocean. By creating educational experiences, consulting on sustainable operations, and engaging local communities, Oceanic Global aims to generate measurable impact for the collective wellbeing. Additionally, the organization sheds light on humanity's essential relationship with the ocean and works towards universal accountability for responsible business leadership, collaborating with various global businesses and governments.
Official website here: www.oceanic.global/
Who is the CEO of Oceanic Global Foundation Corp?
Lea D'Auriol is the Executive Director of Oceanic Global Foundation Corp.
Official website here: www.oceanic.global/
What is the revenue of Oceanic Global Foundation Corp?
Oceanic Global Foundation Corp's revenue in 2022 was $1,346,207.
Official website here: www.oceanic.global/
Who are the executives of Oceanic Global Foundation Corp and what are their salaries?
The average compensation at Oceanic Global Foundation Corp during 2022 was $82,253. There are 5 employees and 50 volunteers at Oceanic Global Foundation Corp.
Here are 4 key members and their salaries:
- Compensation: $114,996
- Related: $0
- Other: $0
- Compensation: $63,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.oceanic.global/
Where can I find the form 990 for Oceanic Global Foundation Corp?
Oceanic Global Foundation Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oceanic.global/
Learn more at the official website: www.oceanic.global/
Mission Statement of Oceanic Global Foundation Corp
Oceanic Global Foundation Corp, established in 2016, is a non-profit organization dedicated to reconnecting humanity with the ocean, viewing it as the beating heart of our Earth. Their mission is to inspire deep care for the ocean and provide solutions to protect it. They strive to empower individuals, communities, and industries to create positive change that benefits the collective wellbeing.
This international non-profit organization sheds light on the essential relationship between humans and the ocean. Through educational experiences, consultations on sustainable operations, and community engagement, Oceanic Global Foundation Corp generates measurable impact to safeguard our oceans. Their work is characterized by the development of tools, mobilization of communities, and the creation of educational resources and standards that catalyze cross-sector change.
In 2018, the organization launched the Blue Standard, a first-of-its-kind cross-industry standard that establishes universal accountability for responsible business leadership. With over 400+ global businesses in 30+ countries and 7 global governments engaged to date, Oceanic Global Foundation Corp plays a pivotal role in fostering accountability and driving positive change for the protection of our oceans. Since 2019, the organization has served as the official non-profit and production contributor to United Nations World Oceans Day, further emphasizing their commitment to ocean conservation.
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Impact
June, 2024
Oceanic Global Foundation Corp's impact can be seen in its efforts to reconnect humanity to the ocean, emphasizing its crucial role as the beating heart of the Earth. Through educational campaigns, partnerships with universities and artists, and activation of conservation initiatives in over 26 countries, Oceanic Global is working towards inspiring global action and catalyzing cross-sector change. The organization's Blue Standard, a cross-industry standard for responsible business leadership, has engaged over 400 global businesses and 7 governments, promoting universal accountability for sustainable practices. Additionally, Oceanic Global's involvement in United Nations World Oceans Day since 2019 has reached over 1 million people in 155 countries each year, offering free ocean education to raise awareness and drive positive change. By shedding light on humanity's essential relationship with the ocean, Oceanic Global is empowering individuals, communities, and industries to protect and preserve our planet's most vital ecosystem for our collective well-being.
This information is meant to be a general summary of Oceanic Global Foundation Corp. 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: $107,950
- Gross Receipts: $1,346,207
Assets and Liabilities:
- Total Assets: $997,249
- Total Liabilities: $627,351
- Net Assets: $369,898
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING REVENUE
Revenue
$66,312
VERIFICATION FEES
Revenue
$41,638
Organization Details
Founding Year
2016
Phone
(646) 330-3136Principal Officer
Lea D'Auriol
Main Address
447 BROADWAY 2ND FLOOR 207, NEW YORK, NY, 10013
Website
www.oceanic.global/NTEE Category
Code: C20 - Environment
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