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Nonprofiteer
← OCEAN FOUNDATION

Form 990 for tax year 2024

Filed by OCEAN FOUNDATION.

Totals

Total revenue
$13,196,134
Total expenses
$15,812,467
Contributions and grants received
$12,160,757
Grants paid
$3,869,109
Program service revenue
$970,251
Investment income
$14,460
Other revenue
$50,666
Total assets, end of year
$17,747,319
Total liabilities, end of year
$1,415,503
Net assets or fund balances, end of year
$16,331,816
Program services expenses (Part IX)
$14,157,258
Management and general expenses
$1,559,182
Fundraising expenses
$96,027
Program service expenses (Part III)
$14,157,258

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Mark J Spalding

    President

    Total calculated
    $293,265
    From this org
    $271,551
    From related orgs
    $0
    Other
    $21,714
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $271,551
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,714
    Filer's total
    $293,265

  • Elliot S Cafritz

    Chairman (on leave)

    Total calculated
    $0
    Hours/week
    1

  • Joshua Ginsberg

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Angel E Braestrup

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Thomas Brigandi

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Patrick Flynn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Olha Krushelnytska

    Director

    Total calculated
    $0
    Hours/week
    1

  • Imani Fairweather Morrison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lumay Wang Murphy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Denise Naguib

    Director

    Total calculated
    $0
    Hours/week
    1

  • Russell F Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Karen Thorne

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ed Tillinghast III

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Volgenau

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rolando Morillo

    Director (JUL - SEPT)

    Total calculated
    $0
    Hours/week
    1

  • Shana Miller

    Program Director

    Total calculated
    $169,837
    From this org
    $168,629
    From related orgs
    $0
    Other
    $1,208
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,629
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,208
    Filer's total
    $169,837

  • Erica Nunez

    Program Director

    Total calculated
    $153,086
    From this org
    $136,630
    From related orgs
    $0
    Other
    $16,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,630
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,456
    Filer's total
    $153,086

  • Benjamin Scheelk

    Program Director

    Total calculated
    $139,598
    From this org
    $130,100
    From related orgs
    $0
    Other
    $9,498
    Hours/week
    40

  • Mia Shade

    Human Resources Officer

    Total calculated
    $134,025
    From this org
    $123,026
    From related orgs
    $0
    Other
    $10,999
    Hours/week
    40

  • Tamika Washington

    Fin. & Ops. Director

    Total calculated
    $130,843
    From this org
    $118,546
    From related orgs
    $0
    Other
    $12,297
    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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
27 April 2026
IRS schema version
2024v5.5
Source object
202611189349301036

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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