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Ocean Futures Society Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954455199 ✦ Santa barbara, CA ✦ Designated as a 501(c)(3)

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Overview

What is Ocean Futures Society Inc?

Ocean Futures Society Inc, based in Santa Barbara, California, is a nonprofit organization with a mission to inspire and educate people globally to take responsible action for the protection of Earth's oceans. They achieve this goal by producing documentaries that aim to educate the public on the critical connection between human actions and the marine environment, and the impact on our survival and quality of life. Their ongoing projects include video production and book publication, demonstrating their commitment to continue inspiring and educating people about the importance of ocean conservation.


Official website here: www.oceanfutures.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Ocean Futures Society Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in several areas. The organization has a solid program expense ratio of 86.99%, reflecting a strong commitment to its mission. However, significant concerns arise regarding its financial transparency, as it has not provided financial statements or posted its tax form on its website, which limits accountability.

The board of directors is 100% independent, which is a positive aspect of governance, but the absence of essential policies such as conflict of interest and whistleblower policies raises red flags regarding operational transparency. Additionally, there are no documented board meeting minutes available, which could further hinder stakeholder confidence in the organization's decision-making processes.

User feedback on platforms like Great Nonprofits highlights support for the organization's mission and leadership. One review praises Jean-Michel Cousteau's lifelong dedication to ocean conservation, emphasizing the positive impact of their work. However, while anecdotal support exists, the organization must address its accountability and financial reporting issues to inspire greater trust and confidence among donors and stakeholders.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Ocean Futures Society Inc legitimate?

Ocean Futures Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Futures Society 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: $55,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.oceanfutures.org

What is the mission statement of Ocean Futures Society Inc?

The Ocean Futures Society Inc's mission is centered around inspiring and educating people globally to act responsibly towards the protection of Earth's oceans. This goal is achieved primarily through the production of documentary films that serve as educational tools. By documenting the critical connection between individual actions, governmental decisions, and their impact on the marine environment, the organization aims to raise awareness and promote actions that ensure our survival and enhance the quality of life. Current endeavors include the ongoing production of videos and books that continue the society's commitment to education and inspiration.


Official website here: www.oceanfutures.org

Who is the CEO of Ocean Futures Society Inc?

Jean Michel Cousteau is the President of Ocean Futures Society Inc.


Official website here: www.oceanfutures.org

What is the revenue of Ocean Futures Society Inc?

Ocean Futures Society Inc's revenue in 2022 was $575,537.


Official website here: www.oceanfutures.org

Who are the executives of Ocean Futures Society Inc and what are their salaries?

There 2 volunteers at Ocean Futures Society Inc.


Here are 3 key members and their salaries:


Jean Michel Cousteau (President)
  • Compensation: $55,000
  • Related: $0
  • Other: $7,341
Charles Vinick (Chief Financial Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sylvia Earle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.oceanfutures.org

Where can I find the form 990 for Ocean Futures Society Inc?

Ocean Futures Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oceanfutures.org

Learn more at the official website: www.oceanfutures.org

Mission Statement of Ocean Futures Society Inc

Ocean Futures Society Inc, a prominent organization, is dedicated to inspiring and educating individuals worldwide to act responsibly for the protection of Earth's oceans. Their mission is threefold: to produce documentary films, write books, and engage in educational activities, all with the aim of enlightening people about the critical interconnections between human actions, governmental decisions, and the marine environment's health, as well as our survival and quality of life. Through their continuous commitment to documentation, they strive to enlighten people about the significant impact they, as individuals and nations, have on the marine environment and our collective future.

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Impact




June, 2024

Ocean Futures Society Inc's impact includes inspiring and educating people worldwide to take responsible actions for the protection of Earth's oceans. Through the production of documentary films, books, and educational materials, the organization highlights the critical connection between individual and governmental actions on marine environments and our overall survival and quality of life. Their ongoing commitment to documenting these issues serves to raise awareness and drive positive change for the protection of our oceans.




This information is meant to be a general summary of Ocean Futures Society 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.

Revenue
$575,537 (2022)
Expenses
$658,282 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $219,825
  • Gross Receipts: $575,537

Assets and Liabilities:

  • Total Assets: $2,043,491
  • Total Liabilities: $145,413
  • Net Assets: $1,898,078

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SCIENCE AND EDUCATION

Revenue

$219,825

Organization Details

Founding Year

1993

Principal Officer

Jean Michel Cousteau

Main Address

1525 STATE STREET, SANTA BARBARA, CA, 93101

NTEE Category

Code: C30Z - Environment

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