Totals
- Total revenue
- $5,663,468
- Total expenses
- $5,302,374
- Contributions and grants received
- $3,078,352
- Grants paid
- $0
- Program service revenue
- $2,348,817
- Investment income
- $98,096
- Other revenue
- $138,203
- Total assets, end of year
- $14,743,578
- Total liabilities, end of year
- $1,108,541
- Net assets or fund balances, end of year
- $13,635,037
- Program services expenses (Part IX)
- $4,082,482
- Management and general expenses
- $934,916
- Fundraising expenses
- $284,976
- Program service expenses (Part III)
- $4,082,482
Program services were 77.0% 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.
-
1c · Fundraising events
$239,263
-
1e · Government grants (contributions)
$3,000
-
1f · All other contributions, gifts and grants
$2,836,089
-
1g · Noncash contributions included above
$1,086,344
-
2a · Program service revenue: EDUCATIONAL PROGRAM FE
total $2,022,936 · related or exempt $2,022,936
-
2b · Program service revenue: EDUCATIONAL CONFERENCE
total $325,881 · related or exempt $325,881
-
3 · Investment income
total $98,096 · excluded $98,096
-
8a · Fundraising events: gross income
$166,089
-
8a · Fundraising events: contributions included on line 1c
$239,263
-
8b · Fundraising events: direct expenses
$331,217
-
8c · Net income from fundraising events
total -$165,128 · excluded -$165,128
-
10a · Gross sales of inventory
$317,019
-
10b · Cost of goods sold
$111,786
-
10c · Net income from sales of inventory
total $205,233 · related or exempt $205,233
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $98,098 · related or exempt $98,098
-
11e · Other revenue, total
$98,098
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $261,260 · program services $231,478 · management and general $28,692 · fundraising $1,090
-
7 · Other salaries and wages
total $1,923,997 · program services $1,704,673 · management and general $211,299 · fundraising $8,025
-
9 · Other employee benefits
total $162,697 · program services $144,150 · management and general $17,868 · fundraising $679
-
10 · Payroll taxes
total $160,214 · program services $141,951 · management and general $17,595 · fundraising $668
-
11f · Fees: investment management
total $12,691 · management and general $12,691
-
11g · Fees: other
total $556,163 · program services $259,589 · management and general $239,087 · fundraising $57,487
-
12 · Advertising and promotion
total $19,462 · program services $13,086 · management and general $4,515 · fundraising $1,861
-
13 · Office expenses
total $93,570 · program services $47,395 · management and general $34,101 · fundraising $12,074
-
14 · Information technology
total $8,467 · program services $5,842 · management and general $1,270 · fundraising $1,355
-
16 · Occupancy
total $211,383 · program services $165,353 · management and general $22,272 · fundraising $23,758
-
19 · Conferences, conventions and meetings
total $19,180 · program services $16,798 · management and general $1,700 · fundraising $682
-
20 · Interest
total $25,586 · program services $17,003 · management and general $6,955 · fundraising $1,628
-
22 · Depreciation, depletion and amortization
total $943,072 · program services $655,942 · management and general $210,422 · fundraising $76,708
-
23 · Insurance
total $488,059 · program services $336,761 · management and general $73,209 · fundraising $78,089
-
24a · Other expenses: PROGRAM SERVICE COSTS
total $217,757 · program services $201,649 · management and general $9,790 · fundraising $6,318
-
24b · Other expenses: BANKING EXPENSE
total $88,356 · program services $67,152 · management and general $14,775 · fundraising $6,429
-
24c · Other expenses: MAINTENANCE AND REPAIR
total $68,307 · program services $60,914 · management and general $3,582 · fundraising $3,811
-
24d · Other expenses: MISCELLANEOUS
total $24,123 · program services $6,536 · management and general $15,207 · fundraising $2,380
-
24e · All other expenses
total $18,030 · program services $6,210 · management and general $9,886 · fundraising $1,934
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,740,736 · end of year $1,224,427
-
2 · Savings and temporary cash investments
beginning of year $45,468 · end of year $910,585
-
4 · Accounts receivable
beginning of year $41,022 · end of year $90,181
-
8 · Inventories for sale or use
beginning of year $127,917 · end of year $110,153
-
9 · Prepaid expenses and deferred charges
beginning of year $325,744 · end of year $402,880
-
10a · Land, buildings and equipment: cost or other basis
$25,757,297
-
10b · Land, buildings and equipment: accumulated depreciation
$16,611,788
-
10c · Land, buildings and equipment, net
beginning of year $9,726,679 · end of year $9,145,509
-
11 · Investments: publicly traded securities
beginning of year $1,053,470 · end of year $2,820,259
-
12 · Investments: other securities
beginning of year $75,663 · end of year $39,584
-
17 · Accounts payable and accrued expenses
beginning of year $256,069 · end of year $199,394
-
19 · Deferred revenue
beginning of year $392,726 · end of year $371,807
-
23 · Secured mortgages and notes payable
beginning of year $500,000 · end of year $495,238
-
25 · Other liabilities
beginning of year $78,372 · end of year $42,102
-
27 · Net assets without donor restrictions
beginning of year $11,617,694 · end of year $12,512,326
-
28 · Net assets with donor restrictions
beginning of year $1,291,838 · end of year $1,122,711
Mission and programs · 2024
Mission
THE OCEAN INSTITUTE'S MISSION IS "USING THE OCEAN AS OUR CLASSROOM, WE INSPIRE CHILDREN TO LEARN". OUR ORGANIZATION IS DEDICATED TO PROVIDING OCEAN AND MARITIME HISTORY LEARNING EXPERIENCES THROUGH HIGH-TOUCH REAL-WORLD PROGRAMS. WE HAVE A FIERCE COMMITMENT TO "ACCESS TO ENRICHMENT AND THROUGH OUR ADOPT-A-CLASS AND STUDENT AID PROGRAMS WE REMOVE FINANCIAL BARRIERS TO ENSURE SUCH ACCESS.
Activities or mission (Part I)
THE OCEAN INSTITUTE PROVIDES EXPERIENTIAL EDUCATIONAL PROGRAMMING TO SCHOOLS, YOUTH GROUPS, AND THE PUBLIC TO DEVELOP KNOWLEDGE ABOUT THE OCEAN AND MARITIME HISTORY. WE EMBODY OUR MOTTO, "EXPERIENCE IS THE TEACHER" THROUGH FIELD TRIPS, SUMMER CAMP PROGRAMS, PUBLIC CRUISES AND EXHIBITS, SPECIAL EVENTS AND SPEAKERS, AND GUIDED TOURS ON AND AROUND OUR OCEANFRONT CAMPUS.
-
SCHOOL AND PUBLIC LEARNING EXPERIENCE: OCEAN INSTITUTE OFFERS HANDS ON FIELD TRIP AND PUBLIC PROGRAMS THAT IMMERSE STUDENTS IN LEARNING EXPERIENCES BOTH ON LAND AND AT SEA. PROGRAMS TAKE PLACE ON CAMPUS IN OUR LEARNING LABS, ON THE WATER ONBOARD THE R/V SEA EXPLORER AND SPIRIT OF DANA POINT, AND IN OUR LOCAL COASTAL ENVIRONMENT. OCEAN INSTITUTE VALUES ACCESS TO THESE PROGRAMS, MAKING THEM AVAILABLE TO LOCAL AND VISITING SCHOOLS, TITLE 1 SCHOOLS, HOMESCHOOL GROUPS, SCOUT GROUPS, PRIVATE ORGANIZATIONS, FAMILIES, AND INDIVIDUALS. ADDITIONALLY, OUR OCEAN IN MOTION PROGRAMS EXTEND OUR REACH BEYOND OUR CAMPUS, BRINGING THE WONDERS OF THE OCEAN TO STUDENTS WHO MAY NOT BE ABLE TO TRAVEL - THROUGH HOSPITALS, COMMUNITY LIBRARIES, SPECIAL NEEDS CLASSES, AND MORE.
Expenses $4,082,482 · Revenue $2,348,817
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James Collie IVJAMES COLLIE IV
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Brian SkeltonBRIAN SKELTON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jim DunkerleyJIM DUNKERLEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jeannine SmithJEANNINE SMITH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mike KillebrewMIKE KILLEBREW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jenna Kohnke GaffneyJENNA KOHNKE GAFFNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve HarrisSTEVE HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim PhillipsJIM PHILLIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken PetersonKEN PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doug CicioneDOUG CICIONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vic HausmaningerVIC HAUSMANINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd LarsonTODD LARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryce CullinaneBRYCE CULLINANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Claudia WhiteCLAUDIA WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jill TracyJILL TRACY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kerstin Woods VKERSTIN WOODS V
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly StewardKELLY STEWARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lynda Zadra-SymesLYNDA ZADRA-SYMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim CobbJIM COBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike FrostMIKE FROST
GOVERNMENT REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Katrina FoleyKATRINA FOLEY
GOVERNMENT REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Juan GonzalezJUAN GONZALEZ
ALTERNATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Wendy LeavellWENDY LEAVELL
PRESIDENT & CEO
- Total calculated
- $261,260
- From this org
- $261,260
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $236,260
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $261,260
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
None.
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
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
- 2024
- Filed
- 9 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541299349303534
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