Overview
What is Ocean Risk And Resilience Action Alliance Inc?
Ocean Risk and Resilience Action Alliance Inc, based in Washington D.C., is a nonprofit organization dedicated to the protection and preservation of at least 30% of the world's oceans by 2030. This ambitious goal is to be achieved by establishing highly or fully protected marine areas, where destructive or extractive activities such as fishing or mining are prohibited. The Alliance's mission encompasses engaging and activating key stakeholders, innovating change to reach new audiences, and investing in building ocean health and resilience. They aim to deliver ocean-related messages at crucial moments and foster constituencies to drive positive change for the preservation of our oceans. With a team of three dedicated individuals, the Alliance is actively working towards safeguarding our marine ecosystems and ensuring their long-term resilience.
Official website here: www.oceanriskalliance.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 66% (Two-Star out of Four Star rating)
Ocean Risk And Resilience Action Alliance Inc has received a Two-Star rating from Charity Navigator, which indicates a moderate level of performance in accountability and finance. The overall score reflects a strong commitment to several governance practices, with 100% of board members being independent. The organization has demonstrated financial integrity with no material diversions of assets and a solid audit and oversight committee.
However, the nonprofit's score is limited by its relatively low performance in areas related to financial health, specifically its liabilities to assets ratio and working capital. While the program expense ratio and fundraising efficiency are commendable, the organization faces challenges that could impact its long-term sustainability.
Overall, while the organization exhibits strong governance practices and operational transparency, potential donors and stakeholders may want to consider its financial ratios before making contributions, as these aspects significantly impact the charity's overall effectiveness and resilience.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean Risk And Resilience Action Alliance Inc legitimate?
Ocean Risk And Resilience Action Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Risk And Resilience Action 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: $325,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $62,029
For more financial information, click here
Official website here: www.oceanriskalliance.org
What is the mission statement of Ocean Risk And Resilience Action Alliance Inc?
The Ocean Risk and Resilience Action Alliance Inc is dedicated to protecting at least 30% of the world's oceans by 2030, with a focus on building ocean resilience. They achieve this by engaging and activating stakeholders, delivering ocean-focused messages at crucial moments, innovating by building new audiences, and investing in ocean health and resilience. Their mission encompasses safeguarding a significant portion of the global oceans through the establishment of highly or fully protected marine areas where destructive activities such as fishing or mining are prohibited.
Official website here: www.oceanriskalliance.org
Who is the CEO of Ocean Risk And Resilience Action Alliance Inc?
Karen R Sack is the Secretary/Treasurer of Ocean Risk And Resilience Action Alliance Inc.
Official website here: www.oceanriskalliance.org
What is the revenue of Ocean Risk And Resilience Action Alliance Inc?
Ocean Risk And Resilience Action Alliance Inc's revenue in 2022 was $2,366,724.
Official website here: www.oceanriskalliance.org
Who are the executives of Ocean Risk And Resilience Action Alliance Inc and what are their salaries?
The average compensation at Ocean Risk And Resilience Action Alliance Inc during 2022 was $129,065. There are 3 employees and 9 volunteers at Ocean Risk And Resilience Action Alliance Inc.
Here are 10 key members and their salaries:
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- Compensation: $325,167
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Official website here: www.oceanriskalliance.org
Where can I find the form 990 for Ocean Risk And Resilience Action Alliance Inc?
Ocean Risk And Resilience Action Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oceanriskalliance.org
Learn more at the official website: www.oceanriskalliance.org
Mission Statement of Ocean Risk And Resilience Action Alliance Inc
The Ocean Risk and Resilience Action Alliance Inc is committed to protecting at least 30% of the world's ocean by 2030 and enhancing ocean resilience. This nonprofit aims to achieve this goal by engaging and activating various stakeholders through timely ocean messages, fostering change by building new constituencies, and investing in ocean health and resilience. Their strategy involves creating a network of highly or fully protected marine areas where destructive or extractive activities like fishing or mining are prohibited. This call to action is geared towards safeguarding a significant portion of our marine ecosystems, ensuring their survival and resilience for future generations.
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Impact
June, 2024
Ocean Risk And Resilience Action Alliance Inc's impact lies in its dedicated effort to protect at least 30% of the world's ocean by 2030. By advocating for highly or fully protected marine areas where destructive or extractive activities are prohibited, the organization is working towards safeguarding marine life and ecosystems. Through engagement, innovation, and investment, they are striving to build ocean resilience and promote sustainable practices. Their mission is crucial in preserving the environment for future generations, making a significant impact in the realm of ocean conservation.
This information is meant to be a general summary of Ocean Risk And Resilience Action 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.
- Investment Income: $550
- Program Service Revenue: $494,862
- Gross Receipts: $2,366,724
Assets and Liabilities:
- Total Assets: $3,212,171
- Total Liabilities: $2,889,759
- Net Assets: $322,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING SERVICES
Revenue
$494,862
Organization Details
Founding Year
2019
Phone
(202) 415-5403Principal Officer
Karen R Sack
Main Address
2336 WISCONSIN AVE NW 32043, WASHINGTON, DC, 20007
Website
www.oceanriskalliance.orgNTEE Category
Code: C30 - Environment
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