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Nonprofiteer
← BILLION OYSTER PROJECT

Form 990 for tax year 2023

Filed by BILLION OYSTER PROJECT.

Totals

Total revenue
$6,991,301
Total expenses
$6,991,605
Contributions and grants received
$6,759,403
Grants paid
$74,987
Program service revenue
$287,257
Investment income
$4,410
Other revenue
-$59,769
Total assets, end of year
$5,294,678
Total liabilities, end of year
$337,705
Net assets or fund balances, end of year
$4,956,973
Program services expenses (Part IX)
$5,284,681
Management and general expenses
$493,114
Fundraising expenses
$1,213,810
Program service expenses (Part III)
$5,284,681

Program services were 75.6% 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.

  • 1c · Fundraising events

    $281,105

  • 1e · Government grants (contributions)

    $432,188

  • 1f · All other contributions, gifts and grants

    $6,046,110

  • 1g · Noncash contributions included above

    $263,320

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $287,257 · related or exempt $287,257

  • 3 · Investment income

    total $3,346 · excluded $3,346

  • 7a · Gross sales of assets other than inventory

    securities $129,929

  • 7b · Less cost or other basis and sales expenses

    securities $128,865

  • 7c · Gain or loss

    securities $1,064

  • 7d · Net gain or loss

    total $1,064 · excluded $1,064

  • 8a · Fundraising events: gross income

    $413,114

  • 8a · Fundraising events: contributions included on line 1c

    $281,105

  • 8b · Fundraising events: direct expenses

    $494,527

  • 8c · Net income from fundraising events

    total -$81,413 · excluded -$81,413

  • 11a · Other revenue: OTHER

    total $21,644 · excluded $21,644

  • 11e · Other revenue, total

    $21,644

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $74,987 · program services $74,987

  • 5 · Compensation of officers, directors and key employees

    total $236,227 · program services $170,059 · management and general $12,075 · fundraising $54,093

  • 7 · Other salaries and wages

    total $3,016,689 · program services $2,180,561 · management and general $150,073 · fundraising $686,055

  • 9 · Other employee benefits

    total $624,314 · program services $432,819 · management and general $39,655 · fundraising $151,840

  • 10 · Payroll taxes

    total $257,005 · program services $178,175 · management and general $16,324 · fundraising $62,506

  • 11c · Fees: accounting

    total $85,675 · management and general $85,675

  • 11d · Fees: lobbying

    total $79,000 · program services $79,000

  • 11g · Fees: other

    total $1,132,426 · program services $968,508 · management and general $70,246 · fundraising $93,672

  • 13 · Office expenses

    total $57,685 · program services $11,759 · management and general $2,931 · fundraising $42,995

  • 17 · Travel

    total $204,322 · program services $87,961 · management and general $38,431 · fundraising $77,930

  • 22 · Depreciation, depletion and amortization

    total $81,177 · program services $81,177

  • 23 · Insurance

    total $99,526 · program services $80,353 · management and general $19,173

  • 24a · Other expenses: PROGRAM

    total $622,266 · program services $622,266

  • 24b · Other expenses: OTHER

    total $233,063 · program services $155,204 · management and general $44,886 · fundraising $32,973

  • 24c · Other expenses: FACILITIES & EQUIP. REN

    total $187,243 · program services $161,852 · management and general $13,645 · fundraising $11,746

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,637 · end of year $247,979

  • 2 · Savings and temporary cash investments

    beginning of year $3,032,464 · end of year $2,597,250

  • 3 · Pledges and grants receivable

    beginning of year $1,254,964 · end of year $1,452,361

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,614 · end of year $51,331

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

    $1,307,677

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

    $450,993

  • 10c · Land, buildings and equipment, net

    beginning of year $652,096 · end of year $856,684

  • 11 · Investments: publicly traded securities

    beginning of year $38,228 · end of year $89,073

  • 17 · Accounts payable and accrued expenses

    beginning of year $228,216 · end of year $332,943

  • 19 · Deferred revenue

    end of year $4,762

  • 27 · Net assets without donor restrictions

    beginning of year $3,329,518 · end of year $3,730,903

  • 28 · Net assets with donor restrictions

    beginning of year $1,642,269 · end of year $1,226,070

Mission and programs · 2023

Mission

BILLION OYSTER PROJECT'S ("BOP") MISSION IS TO RESTORE OYSTER REEFS TO NEW YORK HARBOR THROUGH PUBLIC EDUCATION INITIATIVES.

Activities or mission (Part I)

BILLION OYSTER PROJECT RESTORES OYSTER REEFS TO NEW YORK HARBOR THROUGH PUBLIC EDUCATION INITIATIVES

  • BILLION OYSTER PROJECT CO-CREATES OYSTER REEF HABITAT THROUGH INTERDISCIPLINARY PARTNERSHIPS AND HANDS-ON COLLABORATION WITH NEW YORKERS. RESTORATION PROGRAM SERVICES INCLUDE (I) BUILDING STRUCTURES FOR OYSTER RESTORATION BY ENGAGING TECHNICAL, EDUCATIONAL AND VOLUNTEER NETWORKS; (II) RESTORING OYSTERS TO NEW YORK HARBOR THROUGH AQUACULTURE AND OTHER RESTORATION ACTIVITIES; (III) RESTORING REEF HABITAT TO THE HARBOR BY INSTALLING REEF STRUCTURES THAT PROMOTE SELF-SUSTAINING OYSTER POPULATIONS; AND (IV) DIVERTING MOLLUSK SHELLS FROM THE WASTE STREAM TO CREATE A SOURCE OF CURED SHELL FOR RESTORATION PURPOSES THROUGH RESTAURANT, STATE, AND INDUSTRY PARTNERSHIPS.

    Expenses $2,531,821 · Revenue $287,257

  • BILLION OYSTER PROJECT BUILDS A COMMUNITY OF SCHOOLS AND TEACHERS WHO USE AND CONTRIBUTE TO BOP'S FIELD-BASED CURRICULUM TO ENRICH STUDENTS' EDUCATIONAL EXPERIENCE. EDUCATION PROGRAM SERVICES INCLUDE (I) PUBLISHING FREE, FIELD-BASED CURRICULA WRITTEN FOR PUBLIC SCHOOL TEACHERS THROUGH THE LENS OF OYSTER RESTORATION; (II) PROVIDING OPPORTUNITIES FOR TEACHERS AND STUDENTS TO WORK AND LEARN ALONGSIDE BOP STAFF; (III) SUPPORTING NEW YORK HARBOR SCHOOL AS A MODEL OF PROVIDING BIPOC AND/OR LOW-INCOME STUDENTS WITH A PATHWAY TO POST- SECONDARY AND LIFE-LONG CAREER OPPORTUNITIES, AND PROMOTING THE GROWTH OF A NETWORK OF HARBOR SCHOOLS; AND (IV) OFFERING PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS, PARTICULARLY IN DISADVANTAGED SCHOOLS.

    Expenses $1,030,828 · Grants $50,700

  • BILLION OYSTER PROJECT FOSTERS STEWARDSHIP OF NEW YORK HARBOR'S URBAN ESTUARY THROUGH COMMUNITY-FOCUSED ENVIRONMENTAL ACTIONS. COMMUNITY ENGAGEMENT PROGRAM SERVICES INCLUDE (I) PROVIDING OPPORTUNITIES FOR VOLUNTEERS TO CREATE MATERIALS FOR RESTORATION DURING PUBLIC AND CORPORATE DAYS OF SERVICE; (II) DEVELOPING PLACE-BASED LEARNING CENTERS (FIELD STATIONS) THAT PROVIDE WATERFRONT ACCESS AND OYSTER RESTORATION-RELATED ENGAGEMENT ACTIVITIES; (III) CONDUCTING COMMUNITY-BASED RESEARCH THAT IMPROVES UNDERSTANDING OF REEF DEVELOPMENT, PERFORMANCE, AND WATER QUALITY; AND (IV) IMPROVING CONDITIONS IN NEW YORK HARBOR BY ADVOCATING FOR POLICIES THAT MATTER TO THE HEALTH AND WELL-BEING OF PEOPLE AND OYSTERS.

    Expenses $1,119,233 · Grants $24,287

  • Expenses $602,799

As filed on the 2023 return.

Listed in Part VII

  • RONNY KRISHANA

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL JACONI

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALIK HINCKSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ROBIN BRAMWELL-STEWART

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SOPHIA C KOVEN RESIGNED 101123

    FORMER VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY LEE RESIGNED 121923

    FORMER TREASURER

    Total calculated
    $0
    Hours/week
    1

  • VALERIE BANKS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY BRADLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • XANDER FONG RESIGNED 06124

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DON GARBER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS A KLIGERMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KRISTEN ONG RESIGNED 121923

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN OWENS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MILES PINCUS RESIGNED 121923

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALEX PINCUS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KABIR SINGH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELLIOT STEELMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • L MERCEDES TECH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MADELINE WACHTEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW C WILSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BEN LEVENTHAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER MALINOWSKI

    EXECUTIVE DIRECTOR

    Total calculated
    $217,982
    From this org
    $189,573
    From related orgs
    $0
    Other
    $28,409
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,573
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,409
    Filer's total
    $217,982

  • BRIAN REAGOR

    DIRECTOR OF DEVELOPMENT & COMMUNICATION

    Total calculated
    $159,467
    From this org
    $127,167
    From related orgs
    $0
    Other
    $32,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,750
    Bonus
    $0
    Other
    $1,417
    Deferred
    $0
    Nontaxable benefits
    $32,300
    Filer's total
    $159,467

  • KATHLEEN MOSHER-SMITH

    SENIOR DIRECTOR OF PROGRAMS

    Total calculated
    $151,496
    From this org
    $130,488
    From related orgs
    $0
    Other
    $21,008
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,494
    Bonus
    $0
    Other
    $994
    Deferred
    $0
    Nontaxable benefits
    $21,008
    Filer's total
    $151,496

  • MARIA VICTORIA MARONILLA

    DIRECTOR OF FINANCE & OPERATIONS

    Total calculated
    $146,040
    From this org
    $122,270
    From related orgs
    $0
    Other
    $23,770
    Hours/week
    40

  • ANN FRAIOLI

    DIRECTOR OF EDUCATION

    Total calculated
    $109,179
    From this org
    $109,103
    From related orgs
    $0
    Other
    $76
    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 · 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

Provenance

Return type
form_990
Tax year
2023
Filed
17 March 2025
IRS schema version
2023v6.0
Source object
202510769349300436

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