Totals
- Total revenue
- $655,391
- Total expenses
- $791,454
- Contributions and grants received
- $382,431
- Grants paid
- $0
- Program service revenue
- $272,848
- Investment income
- $112
- Other revenue
- $0
- Total assets, end of year
- $412,683
- Total liabilities, end of year
- $863,970
- Net assets or fund balances, end of year
- -$451,287
- Program services expenses (Part IX)
- $703,390
- Management and general expenses
- $88,064
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $703,390
Program services were 88.9% 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.
-
1b · Membership dues
$102,551
-
1e · Government grants (contributions)
$241,423
-
1f · All other contributions, gifts and grants
$38,457
-
2a · Program service revenue: PROGRAM SERVICE FEES
total $169,411 · related or exempt $169,411
-
2b · Program service revenue: SUBCONTRACTS/PARTNERSHIPS
total $103,437 · related or exempt $103,437
-
3 · Investment income
total $112 · excluded $112
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $180,000 · program services $135,000 · management and general $45,000
-
9 · Other employee benefits
total $5,750 · program services $4,312 · management and general $1,438
-
10 · Payroll taxes
total $14,513 · program services $10,885 · management and general $3,628
-
11c · Fees: accounting
total $1,766 · management and general $1,766
-
11g · Fees: other
total $282,221 · program services $282,221
-
17 · Travel
total $66,359 · program services $66,359
-
23 · Insurance
total $28,472 · management and general $28,472
-
24a · Other expenses: SUBCONTRACTOR EXPENSE
total $171,435 · program services $171,435
-
24b · Other expenses: MISCELLANEOUS
total $24,400 · program services $24,400
-
24c · Other expenses: OPERATIONS
total $13,232 · program services $6,616 · management and general $6,616
-
24d · Other expenses: BANK FEES
total $2,149 · program services $1,612 · management and general $537
-
24e · All other expenses
total $1,157 · program services $550 · management and general $607
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $44,248 · end of year $158,839
-
4 · Accounts receivable
beginning of year $302,620 · end of year $168,560
-
15 · Other assets
beginning of year $74,093 · end of year $85,284
-
17 · Accounts payable and accrued expenses
beginning of year $12,676 · end of year $12,770
-
25 · Other liabilities
beginning of year $723,509 · end of year $851,200
-
31 · Retained earnings, endowment or other funds
beginning of year -$315,224 · end of year -$451,287
Mission and programs · 2023
Mission
THE WORLD OCEAN COUNCIL ENCOURAGES, PROMOTES, AND DEVELOPS AWARENESS WITHIN THE OCEAN INDUSTRY AND THE WIDER PUBLIC OF THE NEED FOR A HEALTHY AND PRODUCTIVE GLOBAL OCEAN AND PROMOTES SUSTAINABLE OCEAN USES.
-
WOC CONTINUED TO DEVELOP WORKING GROUPS FROM AMONG ITS MEMBERS ON ADDRESSING OPERATIONAL AND TECHNICAL MARINE ENVIRONMENTAL ISSUES, INCLUDING MARINE SOUND AND PORT RECEPTION FACILITIES. AT A REGIONAL LEVEL, WOC ADVANCED THE WORK OF ITS ARCTIC WORKING GROUP. THE WOC WORKED TO DEVELOP A CROSS SECTORAL OCEAN INDUSTRY INTEREST IN OCEAN POLICY AND PLANNING. THE "SMART" WORKING GROUP EXPANDED EFFORTS TO ENGAGE INDUSTRY VESSELS AND OFFSHORE PLATFORMS IN DATA COLLECTION/SHARING.
Expenses $703,390 · Revenue $272,848
As filed on the 2023 return.
Listed in Part VII
-
Paul HolthusPAUL HOLTHUS
PRESIDENT
- Total calculated
- $189,000
- From this org
- $180,000
- From related orgs
- $0
- Other
- $9,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $9,000
- Filer's total
- $189,000
-
Philip HermesPHILIP HERMES
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Jacques DemersJACQUES DEMERS
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Simon BennettSIMON BENNETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
-
Lori KennedyLORI KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Liv Monica StubholtLIV MONICA STUBHOLT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Henk Van MuijenHENK VAN MUIJEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Donna LanzettaDONNA LANZETTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Kevin BanisterKEVIN BANISTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
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
- 2023
- Filed
- 30 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202413179349305531
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