Overview
What is Walter Munk Foundation For The Oceans?
The Walter Munk Foundation for the Oceans is a California-based nonprofit organization, situated in La Jolla, committed to honoring the legacy of Walter Munk, a renowned oceanographer. The foundation focuses on scientific research, education, and ocean conservation, with a strong emphasis on fostering ocean stewardship through a variety of activities. Notable among these initiatives is the Walter Munk Educational Plaza, located in Kellogg Park, where a lithomosaic map of the Grand Canyons of La Jolla is displayed. This educational tool illustrates the underwater park, ecological reserves, and local marine species, providing students from underserved communities with an opportunity to learn about the ocean, many of whom have never visited it before. The foundation also organizes events such as the annual Walter Munk Day to celebrate our oceans, raise awareness about their fragility, and inspire stewardship. This event features numerous exhibitors offering interactive, ocean-related educational activities for children of all ages. Furthermore, the foundation hosts field trips to the map for students, as well as Meet Me at the Map, Docent, and Beach Clean-Up programs. With a workforce of four dedicated individuals, the Walter Munk Foundation for the Oceans is making strides in fostering a greater understanding and appreciation for our oceans among the younger generation, inspiring them to become ocean stewards.
Official website here: www.waltermunkfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 76% (Three-Star out of Four Star rating)
The Walter Munk Foundation for the Oceans has received a commendable Three-Star rating, reflecting a solid performance in various accountability and financial metrics. The foundation demonstrates strong leadership adaptability, scoring a perfect 100 in that area, which indicates effective governance and responsiveness in its operations. Additionally, it maintains a high program expense ratio at 79.54%, suggesting that a significant portion of resources is directed towards its mission-related activities.
Despite its strengths, there are some areas for improvement. The foundation's overall accountability and finance score is 73, which indicates room for enhancement in transparency and financial management practices. Notably, while the independent board structure appears robust with 100% independent members, the absence of a whistleblower policy and document retention and destruction practices indicates potential vulnerabilities in governance and risk management.
Overall, the Walter Munk Foundation for the Oceans is a well-structured organization with effective leadership, though it would benefit from addressing its governance policies to bolster its accountability further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Walter Munk Foundation For The Oceans?
The Walter Munk Foundation for the Oceans has received positive input from its small number of reviews on Facebook. One reviewer highlighted the foundation's commitment to ocean protection and research, emphasizing its impactful initiatives. This individual actively encourages others to engage with the foundation, suggesting it provides a valuable opportunity for anyone interested in contributing to ocean conservation efforts.
Overall, the sentiments expressed indicate a strong recommendation for the foundation's work. While ratings are still pending due to the limited number of reviews, the encouraging remarks reflect a belief that the organization is making a significant difference in its mission to protect ocean ecosystems. The sense of community involvement mentioned suggests that the foundation is seen as approachable and inclusive for those wanting to participate in meaningful projects.
This AI summary has been generated from reviews found on Facebook.
Is Walter Munk Foundation For The Oceans legitimate?
Walter Munk Foundation For The Oceans is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walter Munk Foundation For The Oceans 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: $96,144
For more financial information, click here
Official website here: www.waltermunkfoundation.org
What is the mission statement of Walter Munk Foundation For The Oceans?
The Walter Munk Foundation for the Oceans is dedicated to continuing the spirit of exploration and discovery initiated by its namesake, through scientific research, education, and ocean conservation. Its mission is to inspire stewardship, with a variety of activities that foster an appreciation for the ocean and its ecological reserves. The foundation features an educational plaza, hosting docent and beach clean-up programs, and provides field trips for students from underserved communities, many of whom have never been to the ocean. Annually, the foundation hosts a "Celebrate Our Oceans" event to raise awareness about the fragility of the ocean and the environment, featuring interactive educational activities for children of all ages. The goal is to inspire a sense of responsibility towards the preservation of the oceans.
Official website here: www.waltermunkfoundation.org
Who is the CEO of Walter Munk Foundation For The Oceans?
Mary Munk is the Board Member of Walter Munk Foundation For The Oceans.
Official website here: www.waltermunkfoundation.org
What is the revenue of Walter Munk Foundation For The Oceans?
Walter Munk Foundation For The Oceans's revenue in 2022 was $677,777.
Official website here: www.waltermunkfoundation.org
Who are the executives of Walter Munk Foundation For The Oceans and what are their salaries?
The average compensation at Walter Munk Foundation For The Oceans during 2022 was $24,036. There are 4 employees and 40 volunteers at Walter Munk Foundation For The Oceans.
Here are 8 key members and their salaries:
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Official website here: www.waltermunkfoundation.org
Where can I find the form 990 for Walter Munk Foundation For The Oceans?
Walter Munk Foundation For The Oceans's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waltermunkfoundation.org
Learn more at the official website: www.waltermunkfoundation.org
Mission Statement of Walter Munk Foundation For The Oceans
The Walter Munk Foundation for the Oceans is a nonprofit organization dedicated to continuing the legacy of exploration and discovery initiated by Walter Munk. Its mission revolves around scientific research, education, and ocean conservation. The foundation seeks to inspire stewardship through a variety of activities, including the Walter Munk Educational Plaza in Kellogg Park, which showcases a lithomosaic map of the underwater park and ecological reserves offshore, illustrating 123 local life-sized species.
The foundation hosts educational programs such as "Meet Me at the Map," docent, and beach clean-up programs, providing underprivileged students from San Diego's communities with their first ocean experience (approx. 80% have never been to the ocean). The organization also arranges field trips to the map for these students, fostering an appreciation for the ocean and its fragile ecosystems.
In addition, the Walter Munk Foundation for the Oceans hosts the annual Walter Munk Day - Celebrate Our Oceans event to raise awareness of the oceans' fragility and inspire stewardship. This event includes over 30 exhibitors with interactive, ocean-related educational activities for children of all ages, aiming to instill a sense of responsibility towards the preservation of our oceans and environment.
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Impact
July, 2024
The Walter Munk Foundation For The Oceans is making a significant impact by continuing Walter Munk's legacy of daring exploration and discovery through scientific research, education, and ocean conservation. In La Jolla, California, the foundation's Walter Munk Educational Plaza serves as an important educational tool, featuring a lithomosaic map that showcases local marine life, protected areas, dive sites, tidepools, and educational panels. Additionally, the foundation hosts programs like Meet Me at the Map, docent tours, and beach clean-ups to engage the community in ocean stewardship.
One of the foundation's notable initiatives is providing field trips to the map for students from underserved communities in San Diego, giving many their first experience of the ocean. Furthermore, the annual Walter Munk Day celebration raises awareness about ocean fragility and environmental conservation, featuring interactive educational activities for children. Through these efforts, the foundation is inspiring stewardship and fostering a deeper appreciation for the oceans among people of all ages.
This information is meant to be a general summary of Walter Munk Foundation For The Oceans. 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: $11,775
- Gross Receipts: $677,777
Assets and Liabilities:
- Total Assets: $102,433
- Total Liabilities: $15,937
- Net Assets: $86,496
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL CLASSES
Revenue
$11,775
Organization Details
Founding Year
2018
Phone
(619) 840-0250Principal Officer
Mary Munk
Main Address
2120 VALLECITOS 203, LA JOLLA, CA, 92037
Website
www.waltermunkfoundation.orgNTEE Category
Code: C32 - Environment
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