Totals
- Total revenue
- $949,781
- Total expenses
- $616,413
- Contributions and grants received
- $722,189
- Grants paid
- $100
- Program service revenue
- $226,367
- Investment income
- $112
- Other revenue
- $1,113
- Total assets, end of year
- $564,282
- Total liabilities, end of year
- $56,870
- Net assets or fund balances, end of year
- $507,412
- Program services expenses (Part IX)
- $486,000
- Management and general expenses
- $127,641
- Fundraising expenses
- $2,772
- Program service expenses (Part III)
- $486,000
Program services were 78.8% 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)
$39,912
-
1f · All other contributions, gifts and grants
$682,277
-
1g · Noncash contributions included above
$433,873
-
2a · Program service revenue: Program Revenue
total $226,367 · related or exempt $226,367
-
3 · Investment income
total $112 · excluded $112
-
8a · Fundraising events: gross income
$1,372
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $1,372 · excluded $1,372
-
10a · Gross sales of inventory
$15,122
-
10b · Cost of goods sold
$15,381
-
10c · Net income from sales of inventory
total -$259 · related or exempt -$259
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $100 · program services $100
-
5 · Compensation of officers, directors and key employees
total $99,583 · program services $20,346 · management and general $79,237
-
7 · Other salaries and wages
total $218,607 · program services $218,607
-
10 · Payroll taxes
total $20,554 · management and general $20,554
-
11c · Fees: accounting
total $1,971 · management and general $1,971
-
12 · Advertising and promotion
total $5,333 · management and general $5,333
-
17 · Travel
total $19,662 · program services $19,662
-
20 · Interest
total $4,660 · management and general $4,660
-
22 · Depreciation, depletion and amortization
total $28,108 · program services $28,108
-
23 · Insurance
total $6,576 · management and general $6,576
-
24a · Other expenses: Professional Fees
total $46,750 · program services $46,750
-
24b · Other expenses: Research
total $41,081 · program services $41,081
-
24c · Other expenses: Program Supplies
total $34,062 · program services $34,062
-
24d · Other expenses: Supplies
total $11,243 · program services $11,243
-
24e · All other expenses
total $78,123 · program services $66,041 · management and general $9,310 · fundraising $2,772
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,581 · end of year $63,411
-
2 · Savings and temporary cash investments
beginning of year $207 · end of year $4,227
-
4 · Accounts receivable
beginning of year $60 · end of year $0
-
8 · Inventories for sale or use
beginning of year $29,686 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$77,008
-
10b · Land, buildings and equipment: accumulated depreciation
$18,493
-
10c · Land, buildings and equipment, net
beginning of year $27,070 · end of year $58,515
-
12 · Investments: other securities
beginning of year $60,246 · end of year $72,759
-
14 · Intangible assets
beginning of year $0 · end of year $365,370
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $770
-
25 · Other liabilities
beginning of year $54,320 · end of year $56,100
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $91,530 · end of year $507,412
Mission and programs · 2023
Mission
The mission of Ocean First Institute is ocean conservation through research and education. We work to deepen the natural connection between people and the ocean. We educate and empower people to understand the ocean is our life support system no matter where we live, and that we need a healthy ocean to have a healthy planet. We provide individuals the opportunity to engage in activities that support sustainability, biodiversity, and improvethe health of our ocean.
Activities or mission (Part I)
The mission of Ocean First Institute is ocean conservation through research and education.
-
1. Plastic Pollution Monitoring Program Ocean First Institue is collecting water and sediment samples in Florida and Colorado looking for the presence of microplastics and microfibers. Students identify plastics and fibers with microscopes and samples are further analyzed at our laboratory space at FAU Henderson School. Students participate in summits where they report out their findings and share the simple everyday things we can all do to be part of the solution.
Expenses $159,000 · Revenue $96,888
-
2. Ocean First Discovery Center Online Courses Ocean First Institute (OFI) scientists continue to partner with educational institutions and scientific organizations to conduct ongoing marine science research all over the world. This current and ongoing research informs OFI's educational outreach and inspires innovation and conservation in local communities. Our research is a centerpiece to our goal to bring the reef to the Rockies and inspire a new generation of environmental scientists and stewards.OFI focuses on educational outreach to primarily middle and high school students. We customize marine science education programs to individual schools and classrooms. We also offer after school and summer programming to supplement and enhance K12 science student learning. Our goal is to introduce the wonders of the ocean to students who would otherwise never have the chance to experience and learn about them through hands-on, high quality marine science education programs.
Expenses $80,000 · Revenue $84,645
-
3. Shark Field CourseImpact of Environmental Stressors on Elasmobranch Health in Florida Waters. Ocean First Institute is conducting groundbreaking research on the health impacts of environmental stressors affecting sharks and small tooth sawsh in Florida waters. The research program encompasses two major initiatives: an investigation of the "spinning sh" phenomenon in the Florida Keys and a comprehensive study of pharmaceutical contamination in marine ecosystems.
Expenses $247,000 · Grants $100 · Revenue $44,575
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mikki McComb-Kobza
Executive Director
- Total calculated
- $94,167
- From this org
- $94,167
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Renee McElroy
Board Vice-Chair
- Total calculated
- $0
- Hours/week
- 1
-
Sam Cramer
Board Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Zuhirah Khaldun-Diarra
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Bretton Hunchak
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Brittnie Bassant
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
John Stuart
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jerry Rodriguez
Board Member
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511139349301556
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