Overview
What is Sustainable Ocean Alliance Inc?
Sustainable Ocean Alliance Inc is a nonprofit organization based in San Francisco, California, with a team of 23 employees. They empower young individuals, particularly those under 35 years old, to become leaders in preserving the health and sustainability of the ocean. Through their Ocean Leadership Program, they support these young Ocean Leaders as they raise awareness of ocean challenges, create solutions, and inspire others to take action in their communities. Their global network of young leaders is actively addressing causes of ocean harm, including unsustainable fishing, marine pollution, and habitat destruction, in over 150 countries worldwide.
Official website here: www.soalliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Sustainable Ocean Alliance Inc has received an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. With a perfect score for its independent board members and a thorough oversight of financial statements, the organization exhibits a high level of governance and transparency. The absence of any material diversion of assets further emphasizes its commitment to ethical financial practices.
The nonprofit demonstrates an effective use of funds, with a program expense ratio of 71.45%, indicating that a significant portion of its resources is directed towards its mission. Additionally, the organization has an exceptionally low fundraising efficiency ratio, meaning it spends only $0.07 to raise every dollar, which is indicative of its effective fundraising strategies.
While the ratings highlight many strengths, the organization should continue to monitor its financial practices to maintain its robust standing. Overall, Sustainable Ocean Alliance Inc stands out as a reliable and well-managed nonprofit dedicated to its mission of ocean sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Sustainable Ocean Alliance Inc legitimate?
Sustainable Ocean Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sustainable Ocean Alliance Inc 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: $617,602
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,763,729
For more financial information, click here
Official website here: www.soalliance.org
What is the mission statement of Sustainable Ocean Alliance Inc?
Sustainable Ocean Alliance Inc empowers the next generation to become ocean advocates and leaders, focusing on preserving the health and sustainability of our ocean. Through their Ocean Leadership Program, they support young individuals under 35 years old who are raising awareness of ocean challenges, creating solutions, and inspiring others to take ocean action. These ocean leaders are committed to the United Nations Sustainable Development Goal 14: Life Below Water. The global network of young ocean leaders spearhead projects in over 150 countries, tackling the causes of ocean harm such as unsustainable fishing, marine pollution, and habitat destruction.
Official website here: www.soalliance.org
Who is the CEO of Sustainable Ocean Alliance Inc?
Daniela Fernandez is the Ceo & Chair of Sustainable Ocean Alliance Inc. The CEO's salary of Sustainable Ocean Alliance Inc is $315,000 and their total compensation is $326,807.
Official website here: www.soalliance.org
What is the revenue of Sustainable Ocean Alliance Inc?
Sustainable Ocean Alliance Inc's revenue in 2022 was $12,744,319.
Official website here: www.soalliance.org
Who are the executives of Sustainable Ocean Alliance Inc and what are their salaries?
The average compensation at Sustainable Ocean Alliance Inc during 2022 was $103,536. There are 23 employees and 9 volunteers at Sustainable Ocean Alliance Inc.
Here are 16 key members and their salaries (Sustainable Ocean Alliance Inc's CEO's salary is $315,000 and their total compensation is $326,807):
- Compensation: $315,000
- Related: $0
- Other: $11,807
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $250,000
- Related: $0
- Other: $40,795
- Compensation: $210,000
- Related: $0
- Other: $13,503
- Compensation: $160,000
- Related: $0
- Other: $38,002
- Compensation: $141,750
- Related: $0
- Other: $10,016
- Compensation: $105,000
- Related: $0
- Other: $19,049
- Compensation: $103,000
- Related: $0
- Other: $26,235
Official website here: www.soalliance.org
Where can I find the form 990 for Sustainable Ocean Alliance Inc?
Sustainable Ocean Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.soalliance.org
Learn more at the official website: www.soalliance.org
Mission Statement of Sustainable Ocean Alliance Inc
Sustainable Ocean Alliance Inc, a dynamic organization, is dedicated to empowering the next generation to lead in preserving the health and sustainability of our world's oceans. This mission is realized through the Ocean Leadership Program, which supports young ocean leaders who are actively raising awareness of ocean challenges in their communities, creating ocean solutions, and influencing others to take ocean action.
Young ocean leaders, who are members of the SOA community and under 35 years of age, have demonstrated a concrete commitment to United Nations Sustainable Development Goal 14: Life Below Water. These individuals are spearheading projects that address the causes of ocean harm, including unsustainable fishing, marine pollution, and habitat destruction, in over 150 countries worldwide.
In essence, Sustainable Ocean Alliance Inc is fostering a global network of young ocean leaders who are passionately committed to ocean conservation. By providing them with the necessary resources and support, SOA enables these future ocean stewards to make a significant impact on the health and sustainability of our oceans. Through their innovative projects and initiatives, they are paving the way for a future where our oceans are protected and preserved for generations to come.
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Impact
October, 2024
Sustainable Ocean Alliance Inc significantly impacts ocean health and sustainability by empowering young leaders under 35 years of age to address pressing ocean challenges. Through its Ocean Leadership Program, it fosters a global community of young ocean leaders who are actively raising awareness, creating innovative solutions, and inspiring action in their local communities. These leaders spearhead various projects aimed at combating unsustainable fishing practices, reducing marine pollution, and preventing habitat destruction, addressing the root causes of ocean harm.
With a network that spans over 150 countries, the organization plays a crucial role in promoting the UN Sustainable Development Goal 14: Life Below Water. By equipping emerging leaders with the tools, resources, and support they need, Sustainable Ocean Alliance Inc not only enhances local and global engagement but also drives meaningful change in ocean conservation efforts worldwide. Their work cultivates a new generation of thinkers and doers dedicated to preserving the health and sustainability of our oceans for the future.
This information is meant to be a general summary of Sustainable Ocean Alliance Inc. 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: $104,286
- Gross Receipts: $12,744,319
Assets and Liabilities:
- Total Assets: $11,587,227
- Total Liabilities: $126,792
- Net Assets: $11,460,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$104,286
Organization Details
Founding Year
2018
Phone
(773) 557-9137Principal Officer
Daniela Fernandez
Main Address
1160 BATTERY ST 100, SAN FRANCISCO, CA, 94111
Website
www.soalliance.orgNTEE Category
Code: C32 - Environment
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