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Nonprofiteer
← GUY HARVEY OCEAN FUND INC

Form 990 for tax year 2022

Filed by GUY HARVEY OCEAN FUND INC.

Totals

Total revenue
$2,436,061
Total expenses
$3,015,242
Contributions and grants received
$2,183,551
Grants paid
$314,124
Program service revenue
$0
Investment income
$10,637
Other revenue
$241,873
Total assets, end of year
$2,525,544
Total liabilities, end of year
$2,491,680
Net assets or fund balances, end of year
$33,864
Program services expenses (Part IX)
$1,727,402
Management and general expenses
$1,263,160
Fundraising expenses
$24,680
Program service expenses (Part III)
$1,727,402

Program services were 57.3% 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.

  • 1c · Fundraising events

    $34,100

  • 1e · Government grants (contributions)

    $1,125,081

  • 1f · All other contributions, gifts and grants

    $1,024,370

  • 1g · Noncash contributions included above

    $161,020

  • 3 · Investment income

    total $10,637 · excluded $10,637

  • 5 · Royalties

    total $261,940 · excluded $261,940

  • 8a · Fundraising events: gross income

    $243,786

  • 8a · Fundraising events: contributions included on line 1c

    $34,100

  • 8b · Fundraising events: direct expenses

    $267,714

  • 8c · Net income from fundraising events

    total -$23,928 · excluded -$23,928

  • 9a · Gaming: gross income

    $1,240

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $1,240 · excluded $1,240

  • 11d · All other revenue

    total $2,621 · excluded $2,621

  • 11e · Other revenue, total

    $2,621

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $257,220 · program services $257,220

  • 2 · Grants to domestic individuals

    total $40,000 · program services $40,000

  • 3 · Grants to foreign organizations and individuals

    total $16,904 · program services $16,904

  • 5 · Compensation of officers, directors and key employees

    total $173,525 · program services $89,611 · management and general $83,508 · fundraising $406

  • 7 · Other salaries and wages

    total $745,708 · program services $318,115 · management and general $427,593

  • 8 · Pension plan contributions

    total $23,787 · program services $4,373 · management and general $19,414

  • 9 · Other employee benefits

    total $17,678 · program services $17,678

  • 10 · Payroll taxes

    total $62,034 · program services $36,507 · management and general $25,350 · fundraising $177

  • 11b · Fees: legal

    total $19,289 · management and general $19,289

  • 11c · Fees: accounting

    total $92,493 · management and general $92,493

  • 11d · Fees: lobbying

    total $39,000 · management and general $39,000

  • 11g · Fees: other

    total $344,670 · program services $274,302 · management and general $61,533 · fundraising $8,835

  • 12 · Advertising and promotion

    total $43,367 · program services $38,033 · management and general $239 · fundraising $5,095

  • 13 · Office expenses

    total $126,629 · program services $75,490 · management and general $50,114 · fundraising $1,025

  • 14 · Information technology

    total $24,657 · program services $1,546 · management and general $23,111

  • 16 · Occupancy

    total $765 · program services $735 · management and general $30

  • 17 · Travel

    total $188,328 · program services $113,900 · management and general $65,451 · fundraising $8,977

  • 19 · Conferences, conventions and meetings

    total $1,628 · program services $104 · management and general $1,359 · fundraising $165

  • 20 · Interest

    total $188 · management and general $188

  • 23 · Insurance

    total $68,090 · program services $40,410 · management and general $27,680

  • 24a · Other expenses: EXPEDITIONS AND RESEARC

    total $302,932 · program services $302,932

  • 24b · Other expenses: LICENSING FEES

    total $300,000 · management and general $300,000

  • 24c · Other expenses: GUY HARVEY MAGAZINE

    total $57,575 · program services $57,575

  • 24d · Other expenses: EDUCATION

    total $41,967 · program services $41,967

  • 24e · All other expenses

    total $26,808 · management and general $26,808

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,379,542 · end of year $2,155,883

  • 2 · Savings and temporary cash investments

    beginning of year $10,905 · end of year $10,905

  • 3 · Pledges and grants receivable

    beginning of year $915,425 · end of year $240,466

  • 5 · Loans and receivables from officers and key people

    beginning of year $363,434 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $290 · end of year $290

  • 14 · Intangible assets

    beginning of year $108,000 · end of year $108,000

  • 15 · Other assets

    beginning of year $175,053 · end of year $10,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $544,818 · end of year $326,589

  • 18 · Grants payable

    beginning of year $2,629,733 · end of year $2,165,091

  • 27 · Net assets without donor restrictions

    beginning of year $608,098 · end of year -$365,602

  • 28 · Net assets with donor restrictions

    beginning of year $170,000 · end of year $399,466

Mission and programs · 2022

Mission

TO CONSERVE THE MARINE ENVIRONMENT, NOW AND FOR GENERATIONS TO COME, THROUGH SCIENTIFIC RESEARCH AND EDUCATION. (CONTINUED ON SCHEDULE O)THE GUY HARVEY FOUNDATION (GHF) CONDUCTS SCIENTIFIC RESEARCH AND HOSTS EDUCATIONAL PROGRAMS AIMED AT CONSERVING THE MARINE ENVIRONMENT. THE GHF WILL HELP ENSURE THAT FUTURE GENERATIONS CAN ENJOY AND BENEFIT FROM A NATURALLY BALANCED OCEAN ECOSYSTEM.THE GHF ALSO FUNDS INSPIRED SCIENTIFIC RESEARCH AND INNOVATIVE EDUCATIONAL PROGRAMS DEVELOPED BY UNIVERSITIES, COLLEGES, INSTITUTES, AND NONPROFIT ORGANIZATIONS THAT PROMISE TO BRING NEW IDEAS AND INITIATIVES TO MARINE CONSERVATION AND THAT ENCOURAGE CONSERVATIONS AND BEST MANAGEMENT PRACTICE FOR SUSTAINABLE MARINE ENVIRONMENT.

Activities or mission (Part I)

SCIENTIFIC RESEARCH AND EDUCATIONAL PROGRAMS AIMED AT CONSERVING THE MARINE ENVIRONMENT.

  • SCIENCE AND RESEARCH: THE GUY HARVEY FOUNDATION (GHF) RESEARCH PROGRAMS ARE DEDICATED TO EXPANDING THE SCIENTIFIC KNOWLEDGE NECESSARY FOR EFFECTIVE CONSERVATION OF FISH POPULATIONS AND MAINTENANCE OF FISH BIODIVERSITY. THE HIGH-QUALITY SCIENTIFIC INFORMATION PROVIDED BY GHF IS CRITICAL TO THE UNIVERSALLY RECOGNIZED URGENT NEED TO DEVELOP AND IMPLEMENT EFFECTIVE MEASURES FOR THE CONSERVATION AND ENHANCEMENT OF FISH RESOURCES WORLDWIDE. RESEARCH PROGRAMS INCLUDE: (1) SATELLITE TAGGING SHORTFIN MAKO SHARKS, (2) SATELLITE AND CONVENTIONAL TAGGING DOLPHINFISH IN THE NW ATLANTIC OCEAN, CARIBBEAN SEA, AND EASTERN TROPICAL PACIFIC, (3) TAGGING AND TRACKING BILLFISH IN THE EASTERN TROPICAL PACIFIC OCEAN, AND (4) SATELLITE TAGGING OF WHALE SHARKS OFF THE YUCATN PENINSULA. (CONTINUED ON SCHEDULE O)1. SATELLITE TAGGING SHORTFIN MAKO SHARKS IN THE NW ATLANTIC OCEAN AND WESTERN CARIBBEAN / GULF OF MEXICO. THE GUY HARVEY FOUNDATION AND GUY HARVEY RESEARCH INSTITUTE (GHRI) AT NOVA SOUTHEASTERN UNIVERSITY DEPLOYED FIVE SATELLITE TRACKING TAGS (SPOT TAGS) ON SHORTFIN MAKO SHARKS IN THE NW ATLANTIC OCEAN AND WESTERN CARIBBEAN / GULF OF MEXICO AS PART OF A MULTIYEAR STUDY TO UNDERSTAND THE MIGRATION PATTERNS AND FISHING MORTALITY FOR THIS SPECIES. THIS RESEARCH PROJECT PROVIDED THE FIRST FISHERIES-INDEPENDENT FISHING MORTALITY RATE FOR THIS ECONOMICALLY AND ECOLOGICALLY IMPORTANT SPECIES, WHICH WAS 10 TIMES HIGHER THAN PREVIOUSLY THOUGHT. THIS DISCOVERY LED THE INTERNATIONAL ORGANIZATION THAT MANAGES MAKO SHARKS TO DOWNGRADE THEIR STATUS TO OVERFISHED WITH OVERFISHING OCCURRING. THIS CHANGE OF STATUS, IN TURN, PROMPTED THE U.S. GOVERNMENT (NOAA) TO INCREASE PROTECTIONS FOR MAKO SHARKS IN FEDERAL WATERS, INCLUDING MANDATING THE RELEASE OF LIVE MAKO SHARKS IN THE COMMERCIAL FISHERY AND AN INCREASED MINIMUM SIZE IN THE RECREATIONAL FISHERY.2. SATELLITE AND CONVENTIONAL TAGGING DOLPHINFISH IN THE NW ATLANTIC OCEAN, CARIBBEAN SEA, AND EASTERN TROPICAL PACIFIC. THE FOUNDATION PARTNERED WITH THE DOLPHINFISH RESEARCH PROGRAM TO DEPLOY POP-UP SATELLITE TRACKING TAGS (PSAT TAGS) AND GEOLOCATING TAGS ON ATLANTIC AND PACIFIC DOLPHINFISH AND TO ENGAGE RECREATIONAL ANGLERS IN A TAG AND RECAPTURE CITIZEN SCIENCE STUDY. THIS HIGHLY REPRODUCTIVE FISH HAS LONG BEEN THOUGHT TO BE IMMUNE TO OVERFISHING BUT ANECDOTAL EVIDENCE IS SHOWING A DECLINE IN THE NUMBERS AND SIZE OF DOLPHINFISH AROUND THE WORLD AND SPECIFICALLY IN THE SOUTHEAST UNITED STATES. THE SATELLITE TAGGING STUDY IS HELPING RESEARCHERS BETTER UNDERSTAND THE SEASON MIGRATIONS OF THESE FISH WHILE THE TAG AND RECAPTURE STUDY IS PROVIDING INVALUABLE DATA ABOUT THE INCREDIBLY FAST GROWTH RATE OF THESE FISH AND HOW OFTEN THEY ARE CAUGHT. THESE DATA ARE FUNDAMENTAL TO CONSERVING THIS COMMERCIALLY AND RECREATIONALLY IMPORTANT SPECIES.3. TAGGING AND TRACKING BILLFISH IN THE EASTERN TROPICAL PACIFIC OCEAN. THE FOUNDATION PARTNERED WITH NOVA SOUTHEASTERN UNIVERSITY AND TROPIC STAR LODGE IN PANAMA ON A COMPREHENSIVE STUDY OF THE BILLFISH AND OTHER LARGE VERTEBRATES THAT INHABIT THE EASTERN TROPICAL PACIFIC OCEAN. THIS IS THE FOURTH YEAR OF A FIVE-YEAR STUDY TO DEPLOY SATELLITE POP-UP TAGS AND ACCELEROMETER TAGS ON BLUE MARLIN, BLACK MARLIN, AND SAILFISH TO BETTER UNDERSTAND THEIR MIGRATION PATTERNS AND HOW THESE SPECIES RECOVER FROM THE CATCH AND RELEASE PROCESS. THERE IS A SIGNIFICANT AMOUNT OF COMMERCIAL FISHING IN THIS REGION SO FISHERIES MANAGERS NEED TO KNOW WHERE THESE BILLFISH ARE TRAVELLING. ADDITIONALLY, THE RECREATIONAL FISHERY IS VERY VALUABLE TO THE REGION SO IT IS IMPORTANT TO UNDERSTAND THE EFFECTS THAT THE CATCH AND RELEASE PROCESS HAS ON THESE ANIMALS. DATA COLLECTED FROM THE DEPLOYMENT OF BAITED REMOTE UNDERWATER VIDEO (BRUV) CAMERAS IS IN THE PROCESS OF BEING SCIENTIFICALLY PUBLISHED.4. SATELLITE TAGGING OF WHALE SHARKS OFF THE YUCATN PENINSULA. THE FOUNDATION PARTNERED WITH CH'OOJ AJAUIL AND THE GUY HARVEY RESEARCH INSTITUTE TO DEPLOY SMART POSITION AND TEMPERATURE (SPOT) TRANSMITTING TAGS ON WHALE SHARKS IN A LONG-TERM MOVEMENT ECOLOGY STUDY. WHALE SHARKS ARE A COSMOPOLITAN SPECIES THAT AGGREGATE ANNUALLY IN LARGE NUMBERS OFF MEXICO ATTRACTING NATURALISTS, SCIENTISTS, AND TOURISTS TO THE SITE. WHALE SHARKS ARE THREATENED BY POLLUTION, BOAT STRIKES AND THE SHARK FIN TRADE. THEIR ANNUAL MIGRATION SUPPORTS AN IMPORTANT SEASONAL ECO-TOURISM ATTRACTION AND ALLOWS ABILITY TO STUDY MULTIPLE SHARKS OVER MULTI YEAR PERIODS TO BETTER UNDERSTAND THEIR MIGRATORY BEHAVIOR OUTSIDE OF THE ANNUAL AGGREGATION PERIOD. THEIR TRACKS ARE MADE PUBLICLY AVAILABLE TO SUPPORT EDUCATIONAL AWARENESS OF THIS IMPORTANT SPECIES AND OVERALL AID IN THEIR CONSERVATION.

    Expenses $1,155,570 · Grants $265,004

  • EDUCATION: THE GUY HARVEY FOUNDATION (GHF) OFFERS SCHOLARSHIPS TO UNIVERSITY STUDENTS STUDYING MARINE SCIENCE AND WORKING TO BECOME FUTURE LEADERS OF OCEAN CONSERVATION. GHF, IN CONJUNCTION WITH THE GUY HARVEY ENDOWED SCHOLARSHIP PROGRAM, OFFERS FOUR (4) 4-YEAR FLORIDA UNIVERSITY PLAN SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS WHO PLAN TO ATTEND NOVA SOUTHEASTERN UNIVERSITY. IN ADDITION, SCHOLARSHIPS ARE FUNDED BY THE GUY HARVEY FOUNDATION AND ADMINISTERED BY THE FLORIDA SEA GRANT COLLEGE PROGRAM. (CONTINUED ON SCHEDULE O)FLORIDA SEA GRANT COLLEGE PROGRAM: THESE SCHOLARSHIPS ARE FUNDED BY THE GUY HARVEY FOUNDATION AND ADMINISTERED BY THE FLORIDA SEA GRANT COLLEGE PROGRAM. THE GUY HARVEY SCHOLARSHIP AWARDS SUPPORT UNDERGRADUATE AND GRADUATE STUDENTS WHO ARE ENROLLED FULL TIME AT FLORIDA INSTITUTIONS OF HIGHER EDUCATION WHO ARE CONDUCTING RESEARCH RELATED TO THE BIOLOGY, ECOLOGY, HABITAT, OR MANAGEMENT OF FISH IN FLORIDA'S MARINE ENVIRONMENT. UP TO EIGHT SCHOLARSHIPS WILL BE GIVEN THIS YEAR TO OUTSTANDING FLORIDA STUDENTS. THE SCHOLARS WILL RECEIVE A CERTIFICATE DESIGNED AND SIGNED BY GUY HARVEY AND $5,000 TO SUPPORT THEIR ACADEMIC PROGRAM. THE FOUNDATION AWARDED 8 SCHOLARSHIPS OF $5,000 EACH DURING 2022.

    Expenses $571,832 · Grants $49,120

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVE RODEN

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JESSICA HARVEY

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DEAN KLEVAN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • RICH ANDREWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RODNEY BARRETO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PAUL CASTRONOVO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RICH DAVIES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JEFF HARKAVY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROB KORNAHRENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JODI LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BOB OSBORN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHRIS PETERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GEORGE SCHELLENGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PATXI PASTOR

    CEO (VACATED 9/16/22)

    Total calculated
    $173,525
    From this org
    $156,369
    From related orgs
    $0
    Other
    $17,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,732
    Bonus
    $0
    Other
    $15,637
    Deferred
    $4,222
    Nontaxable benefits
    $12,934
    Filer's total
    $173,525

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
THE FOUNDATION AND CEO MUTUALLY AGREED UPON TERMINATION OF THE CEO'S EMPLOYMENT DURING THE YEAR. IN ACCORDANCE WITH THE SEPARATION AGREEMENT, SEVERANCE PAY OF $15,637 WAS PAID TO THE CEO.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • GUY HARVEY OCEAN FUND INC

    501(C)(3) EQUIVALENT · RESEARCH AND EDUCATION FOR SUSTAINABLE MARINE ENVIRONMENTS · CJ

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202440469349302724

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