Overview
What is Ocean Visions Inc?
Ocean Visions Inc, based in Leesburg, Virginia, is a dedicated nonprofit organization focused on addressing the pressing issue of excessive CO2 and greenhouse gases in our global oceans. Their mission is to foster innovative and sustainable solutions to the complex challenges impacting marine ecosystems. In 2022, they continued their efforts in supporting the development of Ocean-Based Carbon Removal (OBCR) technologies, including validating the effectiveness of sinking seaweed to sequester carbon and increasing support for ocean-based climate solutions at international gatherings. With a team of eight dedicated individuals, Ocean Visions Inc is actively contributing to research frameworks, RFPS, and international conferences to advance OBCR technologies and promote responsible research and development.
Official website here: www.oceanvisions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating from Charity Navigator.
Ocean Visions Inc has achieved an overall score of 82%, indicating a solid performance in terms of accountability and finance. The organization is noted for having a fully independent board, which is crucial for governance. It also scores well in areas such as compliance with conflict of interest policies and the proper management of documents related to board meetings.
However, there are some areas of concern that impact its rating, particularly in financial transparency. The organization received no points for the size of its independent board and financial statements, which suggests issues in these areas. Additionally, the fundraising efficiency ratio is notably low, indicating potential challenges in generating funds relative to expenses.
Despite these limitations, Ocean Visions Inc appears to manage its resources effectively, as indicated by strong scores in program expense ratio and liabilities to assets ratio. Overall, while the organization demonstrates strengths in governance and financial management, it may need to address certain transparency issues to enhance stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean Visions Inc legitimate?
Ocean Visions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Visions 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: $337,765
Professional Fundraising Fees: $0
Other Salaries and Wages: $951,846
For more financial information, click here
Official website here: www.oceanvisions.org
What is the mission statement of Ocean Visions Inc?
Ocean Visions Inc's mission is centered around developing innovative and durable solutions to the complex challenges faced by our oceans. One of the primary focuses is on addressing the dangerous threat of excess CO2 and other greenhouse gases, which are causing harmful heating and acidification of the ocean. In 2022, the organization continued its core work, supporting the development of Ocean Carbon Dioxide Removal (OCDR) technologies. This involved catalyzing efforts against identified priorities, such as validating the efficacy and impacts of sinking seaweed to sequester carbon, and increasing support for ocean-based climate solutions at international gatherings like the UN Ocean Conference and COP27. Ocean Visions Inc also collaborated with the Sabin Center for Climate Change Law at Columbia University on a project to develop model federal laws for responsible research and development of OCDR technologies.
Official website here: www.oceanvisions.org
Who is the CEO of Ocean Visions Inc?
Brad Ack is the CEO of Ocean Visions Inc The CEO's salary of Ocean Visions Inc is $257,431 and their total compensation is $267,531.
Official website here: www.oceanvisions.org
What is the revenue of Ocean Visions Inc?
Ocean Visions Inc's revenue in 2023 was $3,574,949.
Official website here: www.oceanvisions.org
Who are the executives of Ocean Visions Inc and what are their salaries?
The average compensation at Ocean Visions Inc during 2023 was $117,237. There are 11 employees at Ocean Visions Inc.
Here are 12 key members and their salaries (Ocean Visions Inc's CEO's salary is $257,431 and their total compensation is $267,531):
- 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: $257,431
- Related: $0
- Other: $10,100
- Compensation: $69,825
- Related: $0
- Other: $409
- Compensation: $135,460
- Related: $0
- Other: $689
- Compensation: $118,928
- Related: $0
- Other: $622
- Compensation: $111,901
- Related: $0
- Other: $590
- Compensation: $143,726
- Related: $0
- Other: $9,434
- Compensation: $111,377
- Related: $0
- Other: $8,968
Official website here: www.oceanvisions.org
Where can I find the form 990 for Ocean Visions Inc?
Ocean Visions Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oceanvisions.org
Learn more at the official website: www.oceanvisions.org
Mission Statement of Ocean Visions Inc
Ocean Visions Inc, a nonprofit organization, is dedicated to addressing complex challenges facing our oceans. Their mission is centered around developing innovative and enduring solutions to neutralize the threats posed by excessive carbon dioxide and other greenhouse gases, which are causing dangerous heating and acidification of our oceans. In pursuit of this mission, Ocean Visions Inc has been actively supporting the advancement of Ocean-Based Carbon Removal (OBCR) technologies. In 2022, they continued their efforts by catalyzing numerous initiatives aimed at validating the efficacy and impacts of various OBCR methods, such as sinking seaweed to sequester carbon. They also took part in various Request for Proposals (RFPs) with partners to drive progress in key areas, including ocean alkalinity enhancement, and advocated for ocean-based climate solutions at international gatherings like the UN Ocean Conference and COP27. Ocean Visions Inc further collaborated with the Sabin Center for Climate Change Law at Columbia University on a project to establish model federal laws that facilitate responsible research and development of OBCR technologies.
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Impact
July, 2024
Ocean Visions Inc is actively developing innovative and durable solutions to address the complex challenges facing our ocean. In particular, Ocean Visions Inc is focusing on ocean-based carbon removal, which is crucial in combatting the dangerous threat of excess CO2 and other greenhouse gases that are causing heating and acidification of our global ocean.
In 2022, Ocean Visions Inc continued to push forward its core work by supporting the development of ocean-based carbon dioxide removal (CDR) technologies. This included efforts such as building a global research framework to validate the efficacy and impacts of sinking seaweed to sequester carbon, running various requests for proposals (RFPs) with partners to advance priorities in ocean alkalinity enhancement, advocating for ocean-based climate solutions at international gatherings like the UN Ocean Conference and COP27, and partnering with institutions like the Sabin Center for Climate Change Law at Columbia University on a project to develop model federal laws to facilitate responsible research and development of ocean-based CDR technologies.
Through its mission to develop innovative solutions for ocean challenges and its targeted focus on ocean-based carbon removal, Ocean Visions Inc is making a significant impact in the realm of science research and climate change mitigation.
This information is meant to be a general summary of Ocean Visions 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 2023.
- Investment Income: $166,469
- Program Service Revenue: $12,500
- Gross Receipts: $3,574,949
Assets and Liabilities:
- Total Assets: $4,025,912
- Total Liabilities: $73,639
- Net Assets: $3,952,273
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$12,500
Organization Details
Founding Year
2019
Principal Officer
Brad Ack
Website
www.oceanvisions.orgNTEE Category
Code: U21 - Science research
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