Totals
- Total revenue
- $9,170,197
- Total expenses
- $6,561,623
- Contributions and grants received
- $8,873,728
- Grants paid
- $686,419
- Program service revenue
- $0
- Investment income
- $253,536
- Other revenue
- $42,933
- Total assets, end of year
- $14,124,225
- Total liabilities, end of year
- $1,117,921
- Net assets or fund balances, end of year
- $13,006,304
- Program services expenses (Part IX)
- $5,333,697
- Management and general expenses
- $532,957
- Fundraising expenses
- $694,969
- Program service expenses (Part III)
- $5,333,697
Program services were 81.3% 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)
$711,782
-
1f · All other contributions, gifts and grants
$8,161,946
-
3 · Investment income
total $253,536 · related or exempt $253,536
-
11a · Other revenue: KELP SALES
total $42,933 · related or exempt $42,933
-
11e · Other revenue, total
$42,933
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $421,719 · program services $421,719
-
2 · Grants to domestic individuals
total $264,700 · program services $264,700
-
5 · Compensation of officers, directors and key employees
total $313,501 · program services $180,155 · management and general $54,971 · fundraising $78,375
-
7 · Other salaries and wages
total $1,919,634 · program services $1,464,875 · management and general $68,365 · fundraising $386,394
-
8 · Pension plan contributions
total $87,041 · program services $63,434 · management and general $5,609 · fundraising $17,998
-
9 · Other employee benefits
total $319,529 · program services $235,120 · management and general $17,979 · fundraising $66,430
-
10 · Payroll taxes
total $174,959 · program services $127,327 · management and general $11,001 · fundraising $36,631
-
11b · Fees: legal
total $102,311 · program services $1,460 · management and general $100,433 · fundraising $418
-
11c · Fees: accounting
total $181,840 · program services $2,595 · management and general $178,502 · fundraising $743
-
11g · Fees: other
total $1,015,383 · program services $984,168 · management and general $6,057 · fundraising $25,158
-
14 · Information technology
total $105,126 · program services $54,226 · management and general $18,751 · fundraising $32,149
-
16 · Occupancy
total $179,668 · program services $158,246 · management and general $20,666 · fundraising $756
-
17 · Travel
total $200,394 · program services $188,560 · management and general $3,822 · fundraising $8,012
-
22 · Depreciation, depletion and amortization
total $688,193 · program services $688,193
-
23 · Insurance
total $77,361 · program services $59,474 · management and general $10,788 · fundraising $7,099
-
24a · Other expenses: FARMING & HATCHERY EXPE
total $274,186 · program services $274,186
-
24b · Other expenses: OTHER OPERATION EXPENSE
total $236,078 · program services $165,259 · management and general $36,013 · fundraising $34,806
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,356,046 · end of year $7,045,776
-
2 · Savings and temporary cash investments
beginning of year $4,530,594 · end of year $4,701,016
-
3 · Pledges and grants receivable
beginning of year $517,348 · end of year $965,471
-
9 · Prepaid expenses and deferred charges
beginning of year $140,392 · end of year $91,684
-
10a · Land, buildings and equipment: cost or other basis
$509,478
-
10b · Land, buildings and equipment: accumulated depreciation
$111,550
-
10c · Land, buildings and equipment, net
beginning of year $193,193 · end of year $397,928
-
14 · Intangible assets
beginning of year $992,375 · end of year $616,667
-
15 · Other assets
beginning of year $68,617 · end of year $305,683
-
17 · Accounts payable and accrued expenses
beginning of year $433,414 · end of year $482,288
-
25 · Other liabilities
beginning of year $63,184 · end of year $635,633
-
27 · Net assets without donor restrictions
beginning of year $9,650,720 · end of year $11,942,131
-
28 · Net assets with donor restrictions
beginning of year $651,247 · end of year $1,064,173
Mission and programs · 2024
Mission
TRAIN AND SUPPORT REGENERATIVE OCEAN FARMERS THROUGH TECHNICAL ASSISTANCE, CREATION OF FARMER-FORWARD SEED PRODUCTION AND PROCESS SOLUTIONS, AND DRIVING INDUSTRY SCALE THROUGH MARKET DEVELOPMENT.
-
GREENWAVE WORKS TO REPLICATE AND SCALE REGENERATIVE OCEAN FARMING IN COASTAL COMMUNITIES TO CREATE A BLUE ECONOMY BUILT AND LED BY OCEAN FARMERS THAT ENSURES WE ALL MAKE A LIVING ON A LIVING PLANET. GREENWAVE ADVANCES THIS MISSION BY PROVIDING TRAINING, TECHNICAL ASSISTANCE, INFRASTRUCTURE GRANTS, AND FARMER SUBSIDIES; GROWING THE REGENERATIVE OCEAN FARMING NETWORK THROUGH ONLINE RESOURCES, TOOLS, AND COMMUNITY; CREATING FARMER-FORWARD SEED PRODUCTION AND PROCESSING SOLUTIONS; AND DRIVING INDUSTRY SCALE THROUGH KELP BIOSTIMULANT AND FUNCTIONAL INGREDIENT MARKETS. TO DATE, GREENWAVE HAS SUPPORTED MORE THAN 8500 GLOBAL STAKEHOLDERS THROUGH A MIX OF ONLINE AND HIGH-TOUCH PROGRAMMING.
Expenses $5,333,697 · Grants $686,419
As filed on the 2024 return.
Listed in Part VII
-
Karen SimonsKAREN SIMONS
CHAIR AND TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Curt EllisCURT ELLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Lisa HolmesLISA HOLMES
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25
-
Ayana JohnsonAYANA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Morgan DixonMORGAN DIXON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Kevin IrbyKEVIN IRBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Travis ForguesTRAVIS FORGUES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Brendan SmithBRENDAN SMITH
CO-EXECUTIVE DIRECTOR
- Total calculated
- $200,415
- From this org
- $168,138
- From related orgs
- $0
- Other
- $32,277
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,138
- Bonus
- $0
- Other
- $0
- Deferred
- $6,726
- Nontaxable benefits
- $25,551
- Filer's total
- $200,415
-
Emily StengelEMILY STENGEL
CO-EXECUTIVE DIRECTOR
- Total calculated
- $208,951
- From this org
- $176,054
- From related orgs
- $0
- Other
- $32,897
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,054
- Bonus
- $0
- Other
- $0
- Deferred
- $7,042
- Nontaxable benefits
- $25,855
- Filer's total
- $208,951
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
-
CASCO BAY MOORING
$28,619
DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON AND NITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS
-
ALBATROSS FISHERIES LLC
$25,000
DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON AND NITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS
-
KELP ISLAND ALASKA
$25,000
DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON AND NITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS
-
WILD OCEAN AQUACULTURE LLC
$25,000
DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON AND NITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS
-
GREAT LEDGE COVE SEAFOOD
$25,000
DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON AND NITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS
-
SEA FOREST MACRO ALGAE UNITED KELP COOPERATIVE
$25,000
DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON AND NITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS
-
ALASKA OCEAN FARMS
$25,000
DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON AND NITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS
-
CASCADIA SEAWEED
$25,000
DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON AND NITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS
-
SALT WATER FARMS
$20,000
DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON AND NITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS
-
WEST COAST KELP
$19,723
DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON AND NITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640449349301324
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.