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Nonprofit · EIN 27-4398298

WORLD OCEAN COUNCIL

Tax-exempt (reinstated) · VIENNA, VA 22180

Financials

$655K$791K2023$722K$659K2024
Revenue Expenses · by fiscal year end
Financials of WORLD OCEAN COUNCIL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$721,867$658,817$63,050$421,316$808,525-$387,209
December 31, 2023990$655,391$791,454-$136,063$412,683$863,970-$451,287
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$487,704
of which government grants
$177,786
Membership dues
$188,729
Program service revenue
$203,981
Investment income
$152
Other revenue
$30,030

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$180,000
Other salaries and wages
$37,200
Salaries, compensation and benefits (total)
$238,594
Professional fundraising fees
$0
Accounting fees
$2,571
Travel
$62,558
Program services (functional)
$543,658
Management and general (functional)
$115,159

Balance sheet and other

Total assets, start of year
$412,683
Total assets, end of year
$421,316
Total liabilities, end of year
$808,525
Net assets, end of year
-$387,209
Gross receipts
$721,867
Employees
1
Year formed
2010
State of legal domicile
HI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
PAUL HOLTHUSCEO
Trustee or director
40$180,000$9,000
STEWART SARKOZY-BANOCZYLEGAL REPRES
Trustee or director
1.5$117,000$0
DONNA LANZETTABOARD CHAIR
Trustee or director, Officer
3$0$0
JACQUES DEMERSTREASURER
Trustee or director, Officer
3$0$0
SIMON BENNETTSECRETARY
Trustee or director
1.5$0$0
LORI KENNEDYDIRECTOR
Trustee or director
1.5$0$0
PHILIP HERMESDIRECTOR
Trustee or director
1.5$0$0
HENK VAN MUIJENDIRECTOR
Trustee or director
1.5$0$0
COLLEEN MARTINDIRECTOR
Trustee or director
1.5$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
PAUL HOLTHUSPRESIDENT
Trustee or director, Officer
40$180,000$9,000
PHILIP HERMESCHAIR
Trustee or director, Officer
3$0$0
JACQUES DEMERSTREASURER
Trustee or director, Officer
3$0$0
SIMON BENNETTSECRETARY
Trustee or director
1.5$0$0
LORI KENNEDYDIRECTOR
Trustee or director
1.5$0$0
LIV MONICA STUBHOLTDIRECTOR
Trustee or director
1.5$0$0
HENK VAN MUIJENDIRECTOR
Trustee or director
1.5$0$0
DONNA LANZETTADIRECTOR
Trustee or director
1.5$0$0
KEVIN BANISTERDIRECTOR
Trustee or director
1.5$0$0

Address and contacts

Address (IRS master file)
344 MAPLE AVENUE WEST STE 238, VIENNA, VA 22180-5612
Principal officer (990 for 2024)
STEWART SARKOZY-BANOCZY, C/O 344 MAPLE AVENUE WEST STE 238, VIENNA, VA 221805612
Signed the 990
STEWART SARKOZY-BANOCZY, LEGAL REPRESENTATIVE
Phone
(605) 430-9398
Return prepared by
DOI CPA LLC

Mission

THE WORLD OCEAN COUNCIL ENCOURAGES, PROMOTES, AND DEVELOPS AWARENESS WITHIN THE OCEAN INDUSTRY AND THE WIDER PUBLIC OF THE NEED FOR A HEALTHY AND PRODUCTIVE GLOBAL OCEAN AND PROMOTES SUSTAINABLE OCEAN USES.

990 for the year ended December 31, 2024

Program accomplishments

  • WOC ADVANCED ITS MISSION TO BRING TOGETHER OCEAN INDUSTRIES IN COLLABORATIVE ACTION FOR SUSTAINABLE STEWARDSHIP OF THE SEAS. DURING THE YEAR, WOC: CONVENED MULTI-SECTOR LEADERSHIP DIALOGUES INVOLVING STAKEHOLDERS FROM SHIPPING, PORTS, FISHERIES, AND FINANCE. PROVIDED A NEUTRAL PLATFORM FOR CROSS-INDUSTRY COORDINATION ON OCEAN SUSTAINABILITY CHALLENGES, INCLUDING MARITIME DECARBONIZATION, BIODIVERSITY PROTECTION, AND MARITIME RISK. EXECUTED GRANT-FUNDED WORK RELATED TO OCEAN SUSTAINABILITY. DELIVERED YEAR-ROUND VALUE TO ITS GLOBAL MEMBERSHIP COMMUNITY AND BROADENED PUBLIC-PRIVATE COLLABORATION ON OCEAN SUSTAINABILITY THROUGH COMMUNICATIONS, EVENTS, AND OUTREACH.
    Expenses $543,658 · revenue $203,981

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-4398298
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$421,316
Income (IRS master file)
$721,867

Revocation and reinstatement

Exemption revoked
May 15, 2013
Posted by the IRS
August 12, 2013
Reinstated
Effective May 15, 2013

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$721,867$658,817$421,316IRS
990December 2023$655,391$791,454$412,683XML
990December 2022$1,256,659$1,187,127$420,961IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-4398298).

Questions about WORLD OCEAN COUNCIL

What is the EIN of WORLD OCEAN COUNCIL?
The employer identification number (EIN) of WORLD OCEAN COUNCIL is 27-4398298.
Is WORLD OCEAN COUNCIL tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
Are donations to WORLD OCEAN COUNCIL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WORLD OCEAN COUNCIL file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WORLD OCEAN COUNCIL due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WORLD OCEAN COUNCIL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WORLD OCEAN COUNCIL?
The 990 for the year ended December 31, 2024 names STEWART SARKOZY-BANOCZY.
Who are the officers and directors of WORLD OCEAN COUNCIL?
The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $180,000 (PAUL HOLTHUS, CEO).
How much revenue does WORLD OCEAN COUNCIL have?
On its 990 for the year ended December 31, 2024 it reported revenue of $721,867, expenses of $658,817 and total assets of $421,316 at year end.

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