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Nonprofiteer
← OCEAN INSTITUTE

Form 990 for tax year 2022

Filed by OCEAN INSTITUTE.

Totals

Total revenue
$4,036,794
Total expenses
$4,417,606
Contributions and grants received
$2,436,104
Grants paid
$0
Program service revenue
$1,502,532
Investment income
$13,802
Other revenue
$84,356
Total assets, end of year
$14,909,007
Total liabilities, end of year
$1,003,446
Net assets or fund balances, end of year
$13,905,561
Program services expenses (Part IX)
$3,219,203
Management and general expenses
$795,420
Fundraising expenses
$402,983
Program service expenses (Part III)
$3,219,203

Program services were 72.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WENDY MARSHALL

    PRESIDENT AND CEO

    Total calculated
    $258,381
    From this org
    $238,998
    From related orgs
    $0
    Other
    $19,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,998
    Bonus
    $15,000
    Other
    $0
    Deferred
    $19,099
    Nontaxable benefits
    $284
    Filer's total
    $258,381

  • JIM PHILLIPS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JEANNINE SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JENNA KOHNKE

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • STEVE HARRIS

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • VIC HAUSMANINGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLIE STEINMETZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COLLIE F JAMES IV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JILL TRACY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEN PETERSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MEL CHAMBERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUSAN PAISH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH MULLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LISA BARTLETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOUG CICIONE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM COBB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE KILLEBREW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VIPE DESAI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHALE TORCASO

    BOARD MEMBER TERM ENDED 1/6/22

    Total calculated
    $0
    Hours/week
    1

  • SCOTT VAN VLIET

    BOARD MEMBER TERM ENDED 6/1/22

    Total calculated
    $0
    Hours/week
    1

  • TY ROGERS

    BOARD MEMBER TERM ENDED 1/3/22

    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. 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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 3
COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS DURING THE ANNUAL BUDGET PROCESS. COMPENSATION IS DETERMINED BASED ON COMPARATIVE DATA PROVIDED BY SALARY SURVEYS AND OTHER APPROPRIATE SOURCES.
PART I, LINE 5
THE BOARD PROVIDED GOALS FOR THE CEO BASED ON DOLLARS RAISED. BASED ON THE THRESHOLDS, THE CEO COULD EARN FROM A 5% TO 15% PERFORMANCE BONUS.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
29 June 2023
IRS schema version
2022v5.0
Source object
202331869349301518

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