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Nonprofiteer
← SUSTAINABLE SURF

Form 990 for tax year 2023

Filed by SUSTAINABLE SURF.

Totals

Total revenue
$3,433,386
Total expenses
$2,788,402
Contributions and grants received
$3,384,193
Grants paid
$82,250
Program service revenue
$14,285
Investment income
$30,320
Other revenue
$4,588
Total assets, end of year
$2,436,115
Total liabilities, end of year
$275,965
Net assets or fund balances, end of year
$2,160,150
Program services expenses (Part IX)
$2,537,711
Management and general expenses
$182,369
Fundraising expenses
$68,322
Program service expenses (Part III)
$2,537,711

Program services were 91.0% 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

    $3,384,193

  • 1g · Noncash contributions included above

    $7,615

  • 2a · Program service revenue: ECOBOARD PROJECTS

    total $14,285 · related or exempt $14,285

  • 3 · Investment income

    total $30,320 · excluded $30,320

  • 10a · Gross sales of inventory

    $6,191

  • 10b · Cost of goods sold

    $1,717

  • 10c · Net income from sales of inventory

    total $4,474 · related or exempt $4,474

  • 11a · Other revenue: MISCELLANEOUS

    total $114 · excluded $114

  • 11e · Other revenue, total

    $114

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $82,250 · program services $82,250

  • 5 · Compensation of officers, directors and key employees

    total $304,597 · program services $261,953 · management and general $18,276 · fundraising $24,368

  • 7 · Other salaries and wages

    total $438,573 · program services $386,746 · management and general $25,224 · fundraising $26,603

  • 8 · Pension plan contributions

    total $2,790 · program services $2,430 · management and general $194 · fundraising $166

  • 9 · Other employee benefits

    total $40,024 · program services $34,806 · management and general $2,627 · fundraising $2,591

  • 10 · Payroll taxes

    total $55,269 · program services $46,932 · management and general $4,112 · fundraising $4,225

  • 11b · Fees: legal

    total $9,045 · management and general $9,045

  • 11c · Fees: accounting

    total $37,221 · management and general $37,221

  • 11g · Fees: other

    total $143,644 · program services $143,137 · fundraising $507

  • 12 · Advertising and promotion

    total $42,886 · program services $42,866 · fundraising $20

  • 13 · Office expenses

    total $2,740 · program services $1,303 · management and general $680 · fundraising $757

  • 14 · Information technology

    total $21,832 · program services $14,547 · management and general $7,135 · fundraising $150

  • 16 · Occupancy

    total $44,574 · program services $13,070 · management and general $31,504

  • 17 · Travel

    total $48,439 · program services $46,168 · management and general $1,021 · fundraising $1,250

  • 19 · Conferences, conventions and meetings

    total $39,388 · program services $25,265 · management and general $7,438 · fundraising $6,685

  • 20 · Interest

    total $4,035 · management and general $4,035

  • 22 · Depreciation, depletion and amortization

    total $16,687 · program services $14,507 · management and general $2,180

  • 23 · Insurance

    total $2,911 · management and general $2,911

  • 24a · Other expenses: PROJECT EXPENSES

    total $1,345,087 · program services $1,345,087

  • 24b · Other expenses: DIGITAL MARKETING

    total $37,070 · program services $36,993 · management and general $30 · fundraising $47

  • 24c · Other expenses: ALL OTHER EXPENSES

    total $31,158 · program services $23,338 · management and general $7,016 · fundraising $804

  • 24d · Other expenses: BANK CHARGES

    total $19,147 · management and general $19,147

  • 24e · All other expenses

    total $19,035 · program services $16,313 · management and general $2,573 · fundraising $149

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,258,857 · end of year $332,769

  • 2 · Savings and temporary cash investments

    end of year $1,230,564

  • 3 · Pledges and grants receivable

    beginning of year $294,592 · end of year $526,112

  • 8 · Inventories for sale or use

    end of year $6,340

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,089 · end of year $71,141

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

    $89,072

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

    $22,938

  • 10c · Land, buildings and equipment, net

    beginning of year $6,779 · end of year $66,134

  • 14 · Intangible assets

    beginning of year $143,915 · end of year $203,055

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,520 · end of year $130,397

  • 19 · Deferred revenue

    end of year $630

  • 25 · Other liabilities

    beginning of year $148,596 · end of year $144,938

  • 27 · Net assets without donor restrictions

    beginning of year $582,569 · end of year $1,746,819

  • 28 · Net assets with donor restrictions

    beginning of year $973,547 · end of year $413,331

Mission and programs · 2023

Mission

OUR MISSION IS TO REGENERATE THE HEALTH OF OUR OCEAN PLANET AND REVERSE CLIMATE CHANGE. WE PROTECT AND RESTORE BLUE CARBON ECOSYSTEMS AROUND THE WORLD, AND CREATE EDUCATIONAL STORIES THAT INSPIRE PEOPLE AND CORPORATIONS TO TAKE ACTION.

Activities or mission (Part I)

OUR MISSION IS TO REGENERATE THE HEALTH OF OUR OCEAN PLANET AND REVERSE CLIMATE CHANGE.

  • SUSTAINABLE SURF STARTED THE SEATREES PROGRAM AS PART OF ITS MISSION TO REVERSE CLIMATE CHANGE AND RESTORE BLUE CARBON COASTAL ECOSYSTEMS BY DIRECTLY SUPPORTING LOCAL COMMUNITIES AND SCIENTISTS. ALL-TIME AT THE END OF 2023 OVER 3.6 MILLION SEATREES COMBINED HAVE BEEN RESTORED, PLANTED AND CONSERVED THROUGH THE WORK OF THE PROGRAM. FURTHER 92K CARBON CREDITS HAVE BEEN RETIRED, SEQUESTERING OVER 92,000 TONNES OF C02 FROM THE ATMOSPHERE.

    Expenses $2,440,966 · Grants $82,250 · Revenue $4,474

  • SUSTAINABLE SURF ESTABLISHED THE ECOBOARD PROJECT AS THE FIRST INDEPENDENT 3RD PARTY CONSUMER-FACING "ECO-LABEL" FOR SURFBOARDS. OVER 60,000 SURFBOARDS WERE BUILT IN 2023 USING OUR SUSTAINABILITY STANDARD, BRINGING THE TOTAL TO CLOSE TO HALF A MILLION SINCE THE LAUNCH OF THE PROGRAM IN 2012. THIS PROJECT CONTINUES TO GROW YEAR ON YEAR. BRINGING TOGETHER SURFBOARD MANUFACTURERS AND SURF COMMUNITY TO FOSTER COMMUNICATION AND SUSTAINABILITY COMMITMENTS FROM BOTH SIDES.

    Expenses $96,745 · Revenue $14,285

As filed on the 2023 return.

Listed in Part VII

  • Kevin Whilden

    EXECUTIVE DIRECTOR/ CO-FOUNDER

    Total calculated
    $144,078
    From this org
    $142,340
    From related orgs
    $0
    Other
    $1,738
    Hours/week
    40

  • Michael Stewart

    CO-FOUNDER/ DIRECTOR

    Total calculated
    $160,519
    From this org
    $140,209
    From related orgs
    $0
    Other
    $20,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,334
    Bonus
    $9,875
    Other
    $0
    Deferred
    $1,402
    Nontaxable benefits
    $18,908
    Filer's total
    $160,519

  • Jim Moriarty

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kevin Tighe

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Shipsey

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Danni Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria Gonzalez-Blanch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Thurston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Wilkenfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cathy Campbell

    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

  • 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

  • SCRIPPS INSTITUTE OF OCEANOGRAPHY

    $82,250

    FOR THE PURPOSES OF TESTING MULTIPLE HYPOTHESIS OF RESTORING KELP, INCL. OUTPLANTING LAB-GROWN JUVENILES AND IDENTIFYING IF THESE MORE THERMALLY-TOLERANT STRAINS BETTER SURVIVE A WARMING CLIMATE.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349308427

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