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Nonprofiteer
← AMERICAN FRIENDS OF THE OCEAN CLEANUP FOUNDATION

Form 990 for tax year 2024

Filed by AMERICAN FRIENDS OF THE OCEAN CLEANUP FOUNDATION.

Totals

Total revenue
$12,513,955
Total expenses
$17,732,162
Contributions and grants received
$11,705,133
Grants paid
$17,147,000
Program service revenue
$0
Investment income
$809,690
Other revenue
-$868
Total assets, end of year
$20,206,628
Total liabilities, end of year
$16,622,930
Net assets or fund balances, end of year
$3,583,698
Program services expenses (Part IX)
$17,301,775
Management and general expenses
$321,793
Fundraising expenses
$108,594
Program service expenses (Part III)
$17,301,775

Program services were 97.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BOYAN DAMIR SLAT

    PRESIDENT

    Total calculated
    $185,750
    From this org
    $0
    From related orgs
    $185,750
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,750 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $185,750 related

  • JOY GAO

    TREASURER

    Total calculated
    $111,297
    From this org
    $0
    From related orgs
    $111,297
    Other
    $0
    Hours/week
    1 + 40 related

  • CARL MR VAN DER ZANDT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROBERT C PARKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER SCHWARTZ

    DIRECTOR

    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. 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

No itemized grants to organizations 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.

  • STICHTING THE OCEAN CLEANUP

    PROTECT AND PRESERVE OCEAN ENVIRONMENT · NL

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THE OCEAN CLEANUP PROJECTS BV

    PROTECT AND PRESERVE OCEAN ENVIRONMENT · NL

    Directly controlled by THE OCEAN CLEANUP TECHNOLOGIES BV

  • THE OCEAN CLEANUP TECHNOLOGIES BV

    PROTECT AND PRESERVE OCEAN ENVIRONMENT · NL

    Directly controlled by STICHTING THE OCEAN CLEANUP

  • THE OCEAN CLEANUP INTERCEPTION BV

    PROTECT AND PRESERVE OCEAN ENVIRONMENT · NL

    Directly controlled by THE OCEAN CLEANUP TECHNOLOGIES BV

  • THE OCEAN CLEANUP OPERATIONS BV

    PROTECT AND PRESERVE OCEAN ENVIRONMENT · NL

    Directly controlled by THE OCEAN CLEANUP TECHNOLOGIES BV

Provenance

Return type
form_990
Tax year
2024
Filed
11 July 2025
IRS schema version
2024v5.2
Source object
202511959349300206

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