Totals
- Total revenue
- $432,526
- Total expenses
- $403,715
- Contributions and grants received
- $280,040
- Grants paid
- $0
- Program service revenue
- $162,604
- Investment income
- -$37,248
- Other revenue
- $27,130
- Total assets, end of year
- $145,850
- Total liabilities, end of year
- $54,320
- Net assets or fund balances, end of year
- $91,530
- Program services expenses (Part IX)
- $272,645
- Management and general expenses
- $130,070
- Fundraising expenses
- $1,000
- Program service expenses (Part III)
- $272,645
Program services were 67.5% 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.
-
1f · All other contributions, gifts and grants
$280,040
-
1g · Noncash contributions included above
$97,225
-
2a · Program service revenue: Program Revenue
total $162,604 · related or exempt $162,604
-
3 · Investment income
total $52 · excluded $52
-
7a · Gross sales of assets other than inventory
securities $100,183
-
7b · Less cost or other basis and sales expenses
securities $137,483
-
7c · Gain or loss
securities -$37,300
-
7d · Net gain or loss
total -$37,300 · excluded -$37,300
-
8a · Fundraising events: gross income
$1,598
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $1,598 · excluded $1,598
-
10a · Gross sales of inventory
$29,060
-
10b · Cost of goods sold
$3,528
-
10c · Net income from sales of inventory
total $25,532 · related or exempt $25,532
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $84,814 · management and general $84,814
-
6 · Compensation of disqualified persons
total $155,851 · program services $155,851
-
10 · Payroll taxes
total $19,528 · management and general $19,528
-
11b · Fees: legal
total $68 · management and general $68
-
12 · Advertising and promotion
total $144 · management and general $144
-
17 · Travel
total $13,448 · program services $13,448
-
22 · Depreciation, depletion and amortization
total $6,767 · program services $6,767
-
23 · Insurance
total $12,937 · management and general $12,937
-
24a · Other expenses: Marine Lab
total $43,491 · program services $43,491
-
24b · Other expenses: Grant Expense
total $28,046 · program services $28,046
-
24c · Other expenses: Web Development
total $15,454 · program services $15,454
-
24d · Other expenses: Software
total $7,667 · management and general $7,667
-
24e · All other expenses
total $15,500 · program services $9,588 · management and general $4,912 · fundraising $1,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $58,309 · end of year $28,581
-
2 · Savings and temporary cash investments
beginning of year $7 · end of year $207
-
4 · Accounts receivable
beginning of year $60 · end of year $60
-
8 · Inventories for sale or use
beginning of year $4,496 · end of year $29,686
-
10a · Land, buildings and equipment: cost or other basis
$36,685
-
10b · Land, buildings and equipment: accumulated depreciation
$9,615
-
10c · Land, buildings and equipment, net
beginning of year $25,632 · end of year $27,070
-
12 · Investments: other securities
beginning of year $44,636 · end of year $60,246
-
25 · Other liabilities
beginning of year $56,000 · end of year $54,320
-
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 $77,140 · end of year $91,530
Mission and programs · 2022
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. Northern Redbelly Dace Recovery ProjectFunded by Boulder County Parks and Open Space FoundationLauren Townsend Memorial FundOur species conservation projects are award-winning, hands-on, environmental education programs that involve students in substantive conservation efforts. This past year, the Northern Redbelly Dace Recovery and Restoration project taught students conservation biology through aquaculture habitat and species restoration. Students lead every step of the process from breeding to feeding to species release and monitoring. This project was a collaboration with government agencies and local community leaders and had a positive impact on multiple communities in Colorado.
Revenue $4,999
-
2. Plastic Pollution Monitoring Program Funded by Scientific Cultural Facilities District This educational outreach program engages students and educators from 6 counties along the Front Range of Colorado in field research and innovative conservation thinking. Ocean First Institute science educators work with teachers in middle and high schools to construct lessons about water quality and pollution, take students out into the field to collect water and sediment samples, analyze the samples and conceptualize potential solutions. This program culminates in student solutions summit, where students share what they have learned with their communities.
Expenses $1,031 · Revenue $79,961
-
3. Ocean First Discovery Center 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 $271,614 · Revenue $103,176
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Graham Casden
Founder/Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Brooke Beadle-Anderson
Board Vice-Chair
- Total calculated
- $0
- Hours/week
- 1
-
Jacquie McKenna
Board Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Todd Sanford
Board Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Zuhirah Khaldun-Diarra
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ari Frielaender
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Renee Andrews
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mishka Firth
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
- 2022
- Filed
- 29 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430309349301728
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