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Nonprofiteer
← GREENWAVE ORGANIZATION CORP

Form 990 for tax year 2022

Filed by GREENWAVE ORGANIZATION CORP.

Totals

Total revenue
$6,996,296
Total expenses
$5,197,908
Contributions and grants received
$6,906,310
Grants paid
$890,915
Program service revenue
$0
Investment income
$80,386
Other revenue
$9,600
Total assets, end of year
$8,672,214
Total liabilities, end of year
$640,671
Net assets or fund balances, end of year
$8,031,543
Program services expenses (Part IX)
$4,156,072
Management and general expenses
$624,630
Fundraising expenses
$417,206
Program service expenses (Part III)
$4,156,072

Program services were 80.0% 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.

  • 1f · All other contributions, gifts and grants

    $6,906,310

  • 3 · Investment income

    total $80,386 · related or exempt $80,386

  • 11a · Other revenue: KELP SALES

    total $9,600 · related or exempt $9,600

  • 11e · Other revenue, total

    $9,600

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $654,089 · program services $654,089

  • 2 · Grants to domestic individuals

    total $236,826 · program services $236,826

  • 5 · Compensation of officers, directors and key employees

    total $330,815 · program services $189,823 · management and general $58,288 · fundraising $82,704

  • 7 · Other salaries and wages

    total $1,221,577 · program services $962,008 · management and general $41,044 · fundraising $218,525

  • 8 · Pension plan contributions

    total $55,501 · program services $40,477 · management and general $3,631 · fundraising $11,393

  • 9 · Other employee benefits

    total $168,351 · program services $111,879 · management and general $12,809 · fundraising $43,663

  • 10 · Payroll taxes

    total $117,037 · program services $86,469 · management and general $7,936 · fundraising $22,632

  • 11c · Fees: accounting

    total $136,578 · program services $13,979 · management and general $121,022 · fundraising $1,577

  • 11g · Fees: other

    total $1,003,630 · program services $832,412 · management and general $168,218 · fundraising $3,000

  • 14 · Information technology

    total $82,022 · program services $27,897 · management and general $40,845 · fundraising $13,280

  • 16 · Occupancy

    total $136,458 · program services $114,254 · management and general $21,648 · fundraising $556

  • 17 · Travel

    total $289,569 · program services $229,014 · management and general $57,215 · fundraising $3,340

  • 22 · Depreciation, depletion and amortization

    total $352,694 · program services $352,694

  • 23 · Insurance

    total $57,350 · program services $49,466 · management and general $418 · fundraising $7,466

  • 24a · Other expenses: FARMING & HATCHERY EXPE

    total $178,042 · program services $178,042

  • 24b · Other expenses: OTHER OPERATION EXPENSE

    total $177,369 · program services $76,743 · management and general $91,556 · fundraising $9,070

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $386,963 · end of year $2,441,550

  • 2 · Savings and temporary cash investments

    beginning of year $5,198,489 · end of year $4,335,612

  • 3 · Pledges and grants receivable

    beginning of year $44,155 · end of year $502,373

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,203 · end of year $103,235

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

    $153,466

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

    $24,553

  • 10c · Land, buildings and equipment, net

    beginning of year $117,148 · end of year $128,913

  • 14 · Intangible assets

    beginning of year $577,875 · end of year $1,023,597

  • 15 · Other assets

    beginning of year $7,200 · end of year $136,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $142,663 · end of year $509,015

  • 25 · Other liabilities

    beginning of year $0 · end of year $131,656

  • 27 · Net assets without donor restrictions

    beginning of year $5,870,916 · end of year $7,007,245

  • 28 · Net assets with donor restrictions

    beginning of year $355,454 · end of year $1,024,298

Mission and programs · 2022

Mission

DEVELOPMENT AND IMPLEMENTATION OF EDUCATION PROGRAMS IN THE FIELDS OF OCEAN RESTORATION, OCEAN FARMING, CLIMATE CHANGE, AND SUSTAINABLE FOOD SOURCES.

  • 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 WORKS WITH FARMERS TO IDENTIFY BARRIERS TO GROWTH, DEVELOP SOLUTIONS,AND SHARE BEST PRACTICES THROUGH FOUR PROGRAM AREAS: TRAINING, CLIMATE SUBSIDIES, AND MARKET AND INFRASTRUCTURE DEVELOPMENT. TO DATE,GREENWAVE HAS TRAINED AND SUPPORTED OVER 3800 FARMERS, ENTREPRENEURS, HATCHERY TECHNICIANS, AND OTHERS ACROSS THE US AND BEYOND.

    Expenses $4,156,072 · Grants $890,915

As filed on the 2022 return.

Listed in Part VII

  • Karen Simons

    CHAIR AND TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Curt Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Lisa Holmes

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Dune Lankard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ayana Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Morgan Dixon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Toby Sheppard-Bloch

    INFRASTRUCTURE DIRECTOR

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Sam Garwin

    INFRASTRUCTURE DIRECTOR

    Total calculated
    $103,846
    From this org
    $103,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    32
  • Lindsay Olsen

    FARMER TRAINING PROGRAM DIRECTOR

    Total calculated
    $116,308
    From this org
    $116,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Brendan Smith

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $160,063
    From this org
    $160,063
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,063
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,063
  • Emily Stengel

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $160,025
    From this org
    $160,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,025
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,025
  • Kendall Barbery

    DIRECTOR OF PARTNERSHIPS AND PROGRAM DEVELOPMENT

    Total calculated
    $100,790
    From this org
    $100,790
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Amy Blankstein

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $115,870
    From this org
    $115,870
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Julia Whistler

    SENIOR PLATFORM PRODUCT MANAGER

    Total calculated
    $115,947
    From this org
    $115,947
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON ANDNITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS

  • ALASKA OCEAN FARMS

    $125,830

    DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON ANDNITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS

  • SEAGROVE KELP CO

    $37,500

    DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON ANDNITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS

  • SUMMIT POINT LLC

    $14,960

    DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON ANDNITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS

  • SEA QUESTER FARMS

    $12,000

    DIRECT PAYMENT TO OCEAN FARMER IN RECOGNITION OF A BUNDLE OF CLIMATE IMPACTS THAT INCLUDE CARBON ANDNITROGEN REMOVAL, REEF RESTORATION, AND GREEN JOBS

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202411289349301716

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