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Nonprofiteer
← SUSTAINABLE OCEAN ALLIANCE INC

Form 990 for tax year 2022

Filed by SUSTAINABLE OCEAN ALLIANCE INC.

Totals

Total revenue
$12,744,319
Total expenses
$5,907,210
Contributions and grants received
$12,640,033
Grants paid
$310,899
Program service revenue
$104,286
Investment income
$0
Other revenue
$0
Total assets, end of year
$11,587,227
Total liabilities, end of year
$126,792
Net assets or fund balances, end of year
$11,460,435
Program services expenses (Part IX)
$3,904,879
Management and general expenses
$1,296,229
Fundraising expenses
$706,102
Program service expenses (Part III)
$3,904,879

Program services were 66.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $15,000

  • 1f · All other contributions, gifts and grants

    $12,625,033

  • 2a · Program service revenue: MANAGEMENT FEE

    total $104,286 · related or exempt $104,286

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,500 · program services $42,500

  • 2 · Grants to domestic individuals

    total $43,769 · program services $43,769

  • 3 · Grants to foreign organizations and individuals

    total $224,630 · program services $224,630

  • 5 · Compensation of officers, directors and key employees

    total $617,602 · program services $89,039 · management and general $207,158 · fundraising $321,405

  • 7 · Other salaries and wages

    total $1,763,729 · program services $1,426,137 · management and general $244,235 · fundraising $93,357

  • 8 · Pension plan contributions

    total $65,282 · program services $48,113 · management and general $5,677 · fundraising $11,492

  • 9 · Other employee benefits

    total $230,890 · program services $166,410 · management and general $32,428 · fundraising $32,052

  • 10 · Payroll taxes

    total $174,954 · program services $113,022 · management and general $31,985 · fundraising $29,947

  • 11b · Fees: legal

    total $1,766 · program services $1,766

  • 11c · Fees: accounting

    total $33,700 · management and general $33,700

  • 11g · Fees: other

    total $1,145,657 · program services $463,923 · management and general $476,926 · fundraising $204,808

  • 12 · Advertising and promotion

    total $630,636 · program services $630,636

  • 13 · Office expenses

    total $43,784 · program services $12,098 · management and general $23,244 · fundraising $8,442

  • 14 · Information technology

    total $103,825 · program services $84,861 · management and general $17,694 · fundraising $1,270

  • 16 · Occupancy

    total $4,918 · management and general $4,918

  • 17 · Travel

    total $514,752 · program services $346,645 · management and general $165,625 · fundraising $2,482

  • 19 · Conferences, conventions and meetings

    total $160,402 · program services $108,018 · management and general $51,610 · fundraising $774

  • 24a · Other expenses: INV. IN CLOSELY-HELD CO

    total $98,376 · program services $98,376

  • 24b · Other expenses: EQUIPMENT

    total $6,038 · program services $4,936 · management and general $1,029 · fundraising $73

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,611,449 · end of year $5,432,079

  • 3 · Pledges and grants receivable

    beginning of year $79,838 · end of year $6,091,667

  • 9 · Prepaid expenses and deferred charges

    beginning of year $74,438 · end of year $63,481

  • 15 · Other assets

    beginning of year $5,064 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $147,461 · end of year $126,792

  • 27 · Net assets without donor restrictions

    beginning of year $4,623,328 · end of year $11,460,435

Mission and programs · 2022

Mission

SUSTAINABLE OCEAN ALLIANCE EMPOWERS THE NEXT GENERATION TO BECOME LEADERS IN PRESERVING THE HEALTH AND SUSTAINABILITY OF OUR OCEAN.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • THE OCEAN LEADERSHIP PROGRAM SUPPORTS 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 ARE MEMBERS OF THE SOA COMMUNITY WHO ARE UNDER 35 YEARS OF AGE AND HAVE DEMONSTRATED A CONCRETE COMMITMENT TO UN SDG14: LIFE BELOW WATER. OVERALL, SOA'S GLOBAL NETWORK OF YOUNG OCEAN LEADERS ARE SPEARHEADING PROJECTS THAT ADDRESS THE CAUSES OF OCEAN HARM SUCH AS UNSUSTAINABLE FISHING, MARINE POLLUTION, AND HABITAT DESTRUCTION IN OVER 150 COUNTRIES WORLDWIDE.

    Expenses $2,278,689 · Grants $56,917

  • THE OCEAN SOLUTIONS PROGRAM PROVIDES FINANCIAL GRANTS, FELLOWSHIPS AND MENTORSHIP TO PROJECT LEADERS WHO ARE UNDER 36 AND ADDRESSING CRITICAL OCEAN ISSUES WITH GRASSROOTS, COLLABORATIVE APPROACHES.

    Expenses $1,074,191 · Grants $253,982 · Revenue $104,286

  • PROGRAM MARKETING: STRATEGIC PROMOTION AND COMMUNICATION AIMED SPECIFICALLY TO INCREASE AWARENESS OF THE GLOBAL MOVEMENT TO SAVE OUR OCEAN. THIS INCLUDES EDUCATION PROGRAMS, PROGRAM LAUNCHES, AND TARGETED MARKETING TO DRIVE PARTICIPATION AND ENGAGEMENT.

    Expenses $551,999

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniela Fernandez

    CEO & CHAIR

    Total calculated
    $326,807
    From this org
    $315,000
    From related orgs
    $0
    Other
    $11,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,807
    Filer's total
    $326,807

  • Kim Kolt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Trond Wuellner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Eva Zlotnicka

    BOARD MEMBER FROM 3/9/2022

    Total calculated
    $0
    Hours/week
    0

  • David Brekke

    BOARD MEMBER FROM 3/11/2022

    Total calculated
    $0
    Hours/week
    0

  • Jitendra Kavathekar

    BOARD MEMBER FROM 3/22/2022

    Total calculated
    $0
    Hours/week
    0

  • Christina Ochoa

    BOARD MEMBER FROM 9/23/22

    Total calculated
    $0
    Hours/week
    0

  • Pierre Ramadier

    BOARD MEMBER UNTIL 9/23/22

    Total calculated
    $0
    Hours/week
    0

  • Robert O'Connor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Eric Brisson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Christopher Walker

    CHIEF OPERATIONS OFFICER

    Total calculated
    $290,795
    From this org
    $250,000
    From related orgs
    $0
    Other
    $40,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    $0
    Other
    $0
    Deferred
    $15,000
    Nontaxable benefits
    $25,795
    Filer's total
    $290,795

  • Craig Dudenhoeffer

    CHIEF INNOVATION OFFICER

    Total calculated
    $223,503
    From this org
    $210,000
    From related orgs
    $0
    Other
    $13,503
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $0
    Other
    $0
    Deferred
    $11,103
    Nontaxable benefits
    $2,400
    Filer's total
    $223,503

  • Ashley Pond

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $198,002
    From this org
    $160,000
    From related orgs
    $0
    Other
    $38,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $26,002
    Nontaxable benefits
    $12,000
    Filer's total
    $198,002

  • Brandon Levy

    CHIEF PROGRAM OFFICER

    Total calculated
    $151,766
    From this org
    $141,750
    From related orgs
    $0
    Other
    $10,016
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,750
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,016
    Filer's total
    $151,766

  • Martha Cavazos

    ACCELERATOR PROGRAM LEAD

    Total calculated
    $124,049
    From this org
    $105,000
    From related orgs
    $0
    Other
    $19,049
    Hours/week
    40

  • Melissa Murray

    FINANCE & OPERATIONS MANAGER

    Total calculated
    $129,235
    From this org
    $103,000
    From related orgs
    $0
    Other
    $26,235
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
AS PER OUR TRAVEL POLICY, ANY FLIGHT EXTENDING LONGER THAN 6 HOURS MAY BE UPDRADED TO BUSINESS OR FIRST CLASS AS LONG AS THE COST DOES NOT EXCEED $1,000.00 USD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SOA SEABIRD VENTURES LLC

    N/A · IMPACT INVESTING · CA · general or managing partner

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349312998

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