Form 990 for tax year 2024
Filed by SUSTAINABLE OCEAN ALLIANCE INC.
Totals
- Total revenue
- $4,897,663
- Total expenses
- $7,799,010
- Contributions and grants received
- $4,696,895
- Grants paid
- $381,441
- Program service revenue
- $171,000
- Investment income
- $29,768
- Other revenue
- $0
- Total assets, end of year
- $6,969,597
- Total liabilities, end of year
- $178,458
- Net assets or fund balances, end of year
- $6,791,139
- Program services expenses (Part IX)
- $5,464,810
- Management and general expenses
- $1,562,625
- Fundraising expenses
- $771,575
- Program service expenses (Part III)
- $5,464,810
Program services were 70.1% 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
$4,696,895
-
2a · Program service revenue: PROFESSIONAL DEVELOPME
total $90,000 · related or exempt $90,000
-
2b · Program service revenue: MANAGEMENT FEE
total $81,000 · related or exempt $81,000
-
3 · Investment income
total $29,768 · excluded $29,768
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $36,604 · program services $36,604
-
2 · Grants to domestic individuals
total $32,047 · program services $32,047
-
3 · Grants to foreign organizations and individuals
total $312,790 · program services $312,790
-
5 · Compensation of officers, directors and key employees
total $394,523 · program services $71,014 · management and general $67,069 · fundraising $256,440
-
7 · Other salaries and wages
total $2,034,810 · program services $1,627,100 · management and general $285,510 · fundraising $122,200
-
8 · Pension plan contributions
total $100,443 · program services $77,269 · management and general $14,239 · fundraising $8,935
-
9 · Other employee benefits
total $315,246 · program services $233,836 · management and general $45,107 · fundraising $36,303
-
10 · Payroll taxes
total $196,127 · program services $138,509 · management and general $28,397 · fundraising $29,221
-
11b · Fees: legal
total $14,411 · management and general $14,411
-
11c · Fees: accounting
total $104,356 · management and general $104,356
-
11e · Fees: professional fundraising services
total $248,628 · fundraising $248,628
-
11g · Fees: other
total $1,538,727 · program services $1,171,885 · management and general $366,842
-
12 · Advertising and promotion
total $704,090 · program services $637,857 · management and general $56,806 · fundraising $9,427
-
13 · Office expenses
total $70,873 · program services $11,944 · management and general $56,924 · fundraising $2,005
-
14 · Information technology
total $141,281 · program services $87,289 · management and general $47,970 · fundraising $6,022
-
16 · Occupancy
total $8,776 · program services $193 · management and general $8,310 · fundraising $273
-
17 · Travel
total $753,226 · program services $409,529 · management and general $309,197 · fundraising $34,500
-
19 · Conferences, conventions and meetings
total $375,235 · program services $204,015 · management and general $154,033 · fundraising $17,187
-
24a · Other expenses: INV. IN CLOSELY-HELD CO
total $406,644 · program services $406,644
-
24b · Other expenses: EQUIPMENT
total $10,173 · program services $6,285 · management and general $3,454 · fundraising $434
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $583,667 · end of year $3,941,037
-
2 · Savings and temporary cash investments
beginning of year $7,517,481
-
3 · Pledges and grants receivable
beginning of year $1,835,833 · end of year $2,555,163
-
4 · Accounts receivable
end of year $50,000
-
9 · Prepaid expenses and deferred charges
beginning of year $101,252 · end of year $282,846
-
15 · Other assets
beginning of year $0 · end of year $140,551
-
17 · Accounts payable and accrued expenses
beginning of year $345,747 · end of year $178,458
-
27 · Net assets without donor restrictions
beginning of year $3,642,785 · end of year $2,390,494
-
28 · Net assets with donor restrictions
beginning of year $6,049,701 · end of year $4,400,645
Mission and programs · 2024
Mission
SUSTAINABLE OCEAN ALLIANCE EMPOWERS THE NEXT GENERATION TO BECOME LEADERS IN PRESERVING THE HEALTH AND SUSTAINABILITY OF OUR OCEAN.
Activities or mission (Part I)
SEE PART III, LINE 1.
-
THE OCEAN LEADERSHIP PROGRAM SUPPORTS OCEAN LEADERS WHO ARE ACTIVELY RAISING AWARENESS OF OCEAN CHALLENGES IN THEIR COMMUNITIES, CREATING OCEAN SOLUTIONS, AND INFLUENCING OTHERS TO TAKE OCEAN ACTION. YOUNG OCEAN LEADERS ARE MEMBERS OF THE SOA COMMUNITY WHO ARE UNDER 35 YEARS OF AGE AND HAVE DEMONSTRATED A CONCRETE COMMITMENT TO UN SDG14: LIFE BELOW WATER. OVERALL, SOA'S GLOBAL NETWORK OF YOUNG OCEAN LEADERS ARE SPEARHEADING PROJECTS THAT ADDRESS THE CAUSES OF OCEAN HARM SUCH AS UNSUSTAINABLE FISHING, MARINE POLLUTION, AND HABITAT DESTRUCTION IN OVER 150 COUNTRIES WORLDWIDE.
Expenses $2,295,593 · Grants $142,798
-
THE OCEAN SOLUTIONS PROGRAM PROVIDES FINANCIAL GRANTS, FELLOWSHIPS AND MENTORSHIP TO PROJECT LEADERS WHO ARE UNDER 36 AND ADDRESSING CRITICAL OCEAN ISSUES WITH GRASSROOTS, COLLABORATIVE APPROACHES. THE OCEAN SOLUTION PROGRAM ALSO INVESTS IN EARLY STAGE STARTUP COMPANIES DEVELOPING INNOVATIVE SOLUTIONS TO SUSTAIN AND RESTORE THE HEALTH OF OUR OCEAN.
Expenses $1,824,395 · Grants $237,643 · Revenue $81,000
-
PROGRAM MARKETING: STRATEGIC PROMOTION AND COMMUNICATION AIMED SPECIFICALLY TO INCREASE AWARENESS OF THE GLOBAL MOVEMENT TO SAVE OUR OCEAN. THIS INCLUDES EDUCATION PROGRAMS, PROGRAM LAUNCHES, AND TARGETED MARKETING TO DRIVE PARTICIPATION AND ENGAGEMENT.
Expenses $845,046
-
ECOPRENEUR NETWORK : A PROGRAM OF LIFETIME SUPPORT THAT ASSEMBLES THE WORLD'S MOST AMBITIOUS OCEAN VENTURES, AND AMPLIFIES THEIR EFFORTS TO ACHIEVE TRANSFORMATIVE PLANETARY IMPACT.
Expenses $499,776 · Grants $1,000 · Revenue $90,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daniela FernandezDANIELA FERNANDEZ
PRESIDENT / CEO
- Total calculated
- $394,523
- From this org
- $361,200
- From related orgs
- $0
- Other
- $33,323
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $361,200
- Bonus
- $0
- Other
- $0
- Deferred
- $12,036
- Nontaxable benefits
- $21,287
- Filer's total
- $394,523
-
Kim KoltKIM KOLT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Trond WuellnerTROND WUELLNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eva ZlotnickaEVA ZLOTNICKA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David BrekkeDAVID BREKKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jitendra KavathekarJITENDRA KAVATHEKAR
BOARD MEMBER (UNTIL 05/24)
- Total calculated
- $0
- Hours/week
- 1
-
Christina OchoaCHRISTINA OCHOA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Craig DudenhoefferCRAIG DUDENHOEFFER
CHIEF IMPACT & INV. OFFICE
- Total calculated
- $278,170
- From this org
- $227,040
- From related orgs
- $0
- Other
- $51,130
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,040
- Bonus
- $0
- Other
- $0
- Deferred
- $13,200
- Nontaxable benefits
- $37,930
- Filer's total
- $278,170
-
Melissa MurrayMELISSA MURRAY
DIR OF FINANCE & OPERATION
- Total calculated
- $229,125
- From this org
- $190,000
- From related orgs
- $0
- Other
- $39,125
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,000
- Bonus
- $0
- Other
- $0
- Deferred
- $11,400
- Nontaxable benefits
- $27,725
- Filer's total
- $229,125
-
Brandon LevyBRANDON LEVY
HEAD OF GLOBAL ENGAGEMENT
- Total calculated
- $191,644
- From this org
- $170,280
- From related orgs
- $0
- Other
- $21,364
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,280
- Bonus
- $0
- Other
- $0
- Deferred
- $10,217
- Nontaxable benefits
- $11,147
- Filer's total
- $191,644
-
Taylor GarrettTAYLOR GARRETT
ASSOCIATE DIR. OF GRANT
- Total calculated
- $174,747
- From this org
- $123,840
- From related orgs
- $0
- Other
- $50,907
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $123,840
- Bonus
- $0
- Other
- $0
- Deferred
- $7,430
- Nontaxable benefits
- $43,477
- Filer's total
- $174,747
-
Kimberly ValleeKIMBERLY VALLEE
ADO. OF CEO (UNTIL 08/24)
- Total calculated
- $167,750
- From this org
- $140,285
- From related orgs
- $0
- Other
- $27,465
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $80,285
- Bonus
- $0
- Other
- $60,000
- Deferred
- $7,560
- Nontaxable benefits
- $19,905
- Filer's total
- $167,750
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
- 1a · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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 1A
- AS PER OUR TRAVEL POLICY, ANY FLIGHT EXTENDING LONGER THAN 6 HOURS MAY BE UPDRADED TO BUSINESS OR FIRST CLASS AS LONG AS THE COST DOES NOT EXCEED $1,000 USD.
- PART I, LINE 4A
- KIMBERLY VALLEE RECEIVED $60,000 SEVERANCE PAYMENT DURING THE YEAR.
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
-
BLUE LATITUDES LLC
$6,400
OCEAN SOLUTIONS GRANT
-
NOBLE OCEAN FARMS
$6,400
OCEAN SOLUTIONS GRANT
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
SOA SEABIRD VENTURES LLC
IMPACT INVESTING · CA · general or managing partner
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543079349301549
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