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Nonprofiteer
← OCEAN FIRST INSTITUTE

Form 990 for tax year 2024

Filed by OCEAN FIRST INSTITUTE.

Totals

Total revenue
$598,614
Total expenses
$586,863
Contributions and grants received
$430,051
Grants paid
$214
Program service revenue
$171,102
Investment income
$100
Other revenue
-$2,639
Total assets, end of year
$597,725
Total liabilities, end of year
$60,646
Net assets or fund balances, end of year
$537,079
Program services expenses (Part IX)
$424,048
Management and general expenses
$162,371
Fundraising expenses
$444
Program service expenses (Part III)
$424,048

Program services were 72.3% 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.

  • 1f · All other contributions, gifts and grants

    $430,051

  • 1g · Noncash contributions included above

    $2,624

  • 2a · Program service revenue: Program Revenue

    total $171,102 · related or exempt $171,102

  • 3 · Investment income

    total $100 · excluded $100

  • 8a · Fundraising events: gross income

    $564

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $564 · excluded $564

  • 10a · Gross sales of inventory

    $7,881

  • 10b · Cost of goods sold

    $11,084

  • 10c · Net income from sales of inventory

    total -$3,203 · related or exempt -$3,203

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $214 · program services $214

  • 5 · Compensation of officers, directors and key employees

    total $100,438 · program services $27,320 · management and general $73,118

  • 7 · Other salaries and wages

    total $218,680 · program services $218,680

  • 10 · Payroll taxes

    total $15,455 · management and general $15,455

  • 11b · Fees: legal

    total $5,724 · program services $5,724

  • 11c · Fees: accounting

    total $4,194 · program services $4,194

  • 12 · Advertising and promotion

    total $7,613 · program services $7,613

  • 13 · Office expenses

    total $5,086 · program services $5,086

  • 17 · Travel

    total $18,083 · program services $18,083

  • 20 · Interest

    total $2,880 · management and general $2,880

  • 22 · Depreciation, depletion and amortization

    total $35,222 · program services $35,222

  • 23 · Insurance

    total $7,594 · program services $7,594

  • 24a · Other expenses: Professional Fees

    total $70,918 · management and general $70,918

  • 24b · Other expenses: Research

    total $15,945 · program services $15,945

  • 24c · Other expenses: Shark Field Course Expe

    total $14,076 · program services $14,076

  • 24d · Other expenses: Dues & Subscriptions

    total $8,971 · program services $8,971

  • 24e · All other expenses

    total $55,770 · program services $55,326 · fundraising $444

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,411 · end of year $11,007

  • 2 · Savings and temporary cash investments

    beginning of year $4,227 · end of year $7,500

  • 4 · Accounts receivable

    beginning of year $0 · end of year $142,464

  • 10a · Land, buildings and equipment: cost or other basis

    $77,008

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,075

  • 10c · Land, buildings and equipment, net

    beginning of year $58,515 · end of year $48,933

  • 12 · Investments: other securities

    beginning of year $72,759 · end of year $48,091

  • 14 · Intangible assets

    beginning of year $365,370 · end of year $339,730

  • 17 · Accounts payable and accrued expenses

    beginning of year $770 · end of year $4,546

  • 25 · Other liabilities

    beginning of year $56,100 · end of year $56,100

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $507,412 · end of year $537,079

Mission and programs · 2024

Mission

The mission of Ocean First Institute is ocean conservation through research and education. We work to deepen the natural connection between people and the ocean. We educate and empower people to understand the ocean is our life support system no matter where we live, and that we need a healthy ocean to have a healthy planet. We provide individuals the opportunity to engage in activities that support sustainability, biodiversity, and improvethe health of our ocean.

Activities or mission (Part I)

The mission of Ocean First Institute is ocean conservation through research and education.

  • 1. Plastic Pollution Monitoring Program Collection of water and sediment samples in Florida and Colorado to identify microplastics and microfibers. Students analyze samples using microscopes, with further analysis conducted at the FAU Henderson School laboratory. Students also participate in summits to present findings and discuss actionable solutions. Ocean First Institute received in-kind support in the form of donated use of laboratory space from Florida Atlantic University Lab Schools.

    Expenses $118,988 · Revenue $18,913

  • 2. Ocean First Discovery Center Online Courses Launch of over 18 online education courses available on the website, reaching thousands of students and members of the general public.

    Expenses $134,293 · Revenue $93,085

  • 3. Shark Field CourseShark research conducted from the Key Largo, Florida lab, focusing on abundance, seasonality, and species within a marine protected area in the Florida Keys. Undergraduate students are trained through four summer courses on marine science research methods. Ocean First Institute received in-kind support in the form of donated use of lab space from Marine Lab, donated research boat vessel use from International Seakeepers Society, and donated trailer and shed use from other community partners.

    Expenses $170,767 · Grants $214 · Revenue $59,105

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mikki McComb-Kobza

    Executive Director

    Total calculated
    $100,438
    From this org
    $100,438
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Renee McElroy

    Board Member - Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Sam Cramer

    Board Member - Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Zuhira Khladun-Diarra

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Henry Buck

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brittnie Bassant

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Stuart

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Jerry Rodriguez

    Board Member

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202601359349304000

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