Nonprofit · EIN 71-0863908
OCEAN FOUNDATION
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,196,134 | $15,812,467 | -$2,616,333 | $17,747,319 | $1,415,503 | $16,331,816 |
| June 30, 2024 | 990 | $18,847,028 | $18,826,931 | $20,097 | $23,212,933 | $4,362,097 | $18,850,836 |
| June 30, 2023 | 990 (amended) | $18,854,739 | $15,869,946 | $2,984,793 | $21,935,882 | $3,128,393 | $18,807,489 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,160,757
- of which government grants
- $2,283,675
- Program service revenue
- $970,251
- Investment income
- $14,460
- Net rental income
- $18,351
- Net gain from sales of assets
- -$16,202
- Net income from sales of inventory
- $24,338
- Other revenue
- $50,666
Expenses
- Grants and similar amounts paid
- $3,869,109
- Compensation of officers, directors and key employees
- $293,266
- Other salaries and wages
- $2,463,455
- Salaries, compensation and benefits (total)
- $3,378,773
- Professional fundraising fees
- $0
- Legal fees
- $81,238
- Accounting fees
- $345,176
- Occupancy
- $173,287
- Travel
- $754,175
- Depreciation
- $37,794
- Program services (functional)
- $14,157,258
- Management and general (functional)
- $1,559,182
- Fundraising (functional)
- $96,027
Balance sheet and other
- Total assets, start of year
- $23,212,933
- Total assets, end of year
- $17,747,319
- Total liabilities, end of year
- $1,415,503
- Net assets, end of year
- $16,331,816
- Land, buildings and equipment
- $13,017,040
- Publicly traded securities
- $217,082
- Net assets without donor restrictions
- $7,868,270
- Net assets with donor restrictions
- $8,463,546
- Gross receipts
- $14,478,580
- Employees
- 47
- Volunteers
- 13
- Year formed
- 2001
- State of legal domicile
- DC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mark J Spalding | President Trustee or director, Officer | 60 | $271,551 | $21,714 |
| Shana Miller | Program Director Highest-paid employee | 40 | $168,629 | $1,208 |
| Erica Nunez | Program Director Highest-paid employee | 40 | $136,630 | $16,456 |
| Benjamin Scheelk | Program Director Highest-paid employee | 40 | $130,100 | $9,498 |
| Mia Shade | Human Resources Officer Highest-paid employee | 40 | $123,026 | $10,999 |
| Tamika Washington | Fin. & Ops. Director Highest-paid employee | 40 | $118,546 | $12,297 |
| Elliot S Cafritz | Chairman (on leave) Trustee or director, Officer | 1 | $0 | $0 |
| Joshua Ginsberg | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Angel E Braestrup | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Thomas Brigandi | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Patrick Flynn | Director Trustee or director | 1 | $0 | $0 |
| Olha Krushelnytska | Director Trustee or director | 1 | $0 | $0 |
| Imani Fairweather Morrison | Director Trustee or director | 1 | $0 | $0 |
| Lumay Wang Murphy | Director Trustee or director | 1 | $0 | $0 |
| Denise Naguib | Director Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Russell F Smith | Director Trustee or director | 1 | $0 |
| Karen Thorne | Director Trustee or director | 1 | $0 |
| Ed Tillinghast III | Director Trustee or director | 1 | $0 |
| Lisa Volgenau | Director Trustee or director | 1 | $0 |
| Rolando Morillo | Director (JUL - SEPT) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mark J Spalding | President Trustee or director, Officer | 40 | $361,013 | $19,420 |
| Tamika Washington | Finance & Operations Director Highest-paid employee | 40 | $154,515 | $23,256 |
| Shana Miller | Program Director Key employee | 40 | $158,237 | $12,742 |
| Andrea Capuro | Chief of Program Highest-paid employee | 40 | $137,200 | $17,586 |
| Kate Morrison | Strategic Partnerships Director Highest-paid employee | 40 | $150,277 | $1,275 |
| Fernando Bretos | Program Officer Highest-paid employee | 40 | $126,203 | $22,707 |
| Bobbi-Jo Dobush | Legal & Ocean Governance Officer Highest-paid employee | 40 | $129,073 | $11,938 |
| Elliot S Cafritz | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Olha Krushelnytska | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Russell F Smith | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Angel E Braestrup | Board Member Trustee or director | 1 | $0 | $0 |
| Thomas Brigandi | Board Member Trustee or director | 1 | $0 | $0 |
| Patrick Flynn | Board Member Trustee or director | 1 | $0 | $0 |
| Joshua Ginsberg | Board Member Trustee or director | 1 | $0 | $0 |
| Rolando Morillo | Board Member Trustee or director | 1 | $0 | $0 |
| Imani Fairweather Morrison | Board Member Trustee or director | 1 | $0 | $0 |
| Lumay Wang Murphy | Board Member Trustee or director | 1 | $0 | $0 |
| Denise Naguib | Board Member Trustee or director | 1 | $0 | $0 |
| Ed Tillinghast III | Board Member Trustee or director | 1 | $0 | $0 |
| Karen Thorne | Board Member Trustee or director | 1 | $0 | $0 |
| Lisa Volgenau | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mark J Spalding | President Officer | 60 | $331,854 | $39,191 |
| Shana Miller | Program Director Key employee | 40 | $157,210 | $11,170 |
| Tamika Washington | Finance & Operations Director Highest-paid employee | 40 | $146,451 | $19,732 |
| Kate Morrison | Strategic Partnerships Director Highest-paid employee | 40 | $140,884 | $10,240 |
| Maria Alej Navarrete Hernandez | Govt & Multinationals Liason Officer Highest-paid employee | 40 | $123,385 | $14,537 |
| Fernando Bretos | Program Officer Highest-paid employee | 40 | $117,164 | $18,635 |
| Jason Donofrio | Chief Development Officer Highest-paid employee | 40 | $122,222 | $10,009 |
| Elliot S Cafritz | Chairman & Director Trustee or director, Officer | 1 | $0 | $0 |
| Angel Braestrup | Secretary & Director Trustee or director, Officer | 1 | $0 | $0 |
| Olha Krushelnytska | Treasurer & Director Trustee or director, Officer | 1 | $0 | $0 |
| Thomas Brigandi | Director Trustee or director | 1 | $0 | $0 |
| Patrick Flynn | Director Trustee or director | 1 | $0 | $0 |
| Joshua R Ginsberg | Director Trustee or director | 1 | $0 | $0 |
| Rolando Morillo | Director Trustee or director | 1 | $0 | $0 |
| Imani Fairweather Morrison | Director Trustee or director | 1 | $0 | $0 |
| Lumay Wang Murphy | Director Trustee or director | 1 | $0 | $0 |
| Denise Naguib | Director Trustee or director | 1 | $0 | $0 |
| Russell F Smith | Director Trustee or director | 1 | $0 | $0 |
| Karen Thorne | Director Trustee or director | 1 | $0 | $0 |
| Ed Tilinghast III | Director Trustee or director | 1 | $0 | $0 |
| Lisa Volgenau | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1320 19TH ST NW STE 401, WASHINGTON, DC 20036-1635
- Principal officer (990 for 2024)
- Mark J Spalding, 1320 19th Street NW Suite 401, Washington, DC 20036
- Signed the 990
- Mark J Spalding, President
- Phone
- (202) 887-8996
- Website
- www.oceanfdn.org
- Return prepared by
- Aprio Advisory Group LLC
Mission
As the only community foundation for the ocean, The Ocean Foundation's 501(c)(3) mission is to improve global ocean health, climate resilience, and the blue economy. We create partnerships to connect people in the communities in which we work to the informational, technical, and financial resources they need to achieve their ocean stewardship goals.
Program accomplishments
- Protecting Marine Habitats and Special Places - Our oceans are a mosaic of special places, from the bustling vibrancy of coral reefs to the tidal pools of rocky coasts, to the stark, glistening beauty of the frozen Arctic. These habitats and ecosystems are more than just picturesque; they all provide vital benefits to the health of the ocean, the plants and animals that live in them, and the human communities that depend on them.Expenses $5,707,382 · grants $819,798 · revenue $221,598
- Expanding Ocean Literacy and Public Awareness - One of the most significant barriers to progress in the marine conservation sector is the lack of genuine understanding about the vulnerability and connectivity of ocean systems. It is easy to view the oceans as vast, nearly unlimited sources of food and recreation, filled with abundant animals, plants, and protected spaces. As a result, it can be difficult to recognize the destructive consequences of human activities along the coast and beneath the surface. This lack of awareness creates a substantial need for programs that effectively communicate how the health of our oceans is connected to climate change, the global economy, biodiversity, human health, and our quality of life.Expenses $3,515,615 · grants $1,512,616 · revenue $239,349
- Building the Capacity of the Marine Conservation Community- There are many outstanding conservation organizations dedicated to protecting and preserving our oceans. The Ocean Foundation provides assistance to these entities, which have a need to develop a certain skill or competence, or for general upgrading of performance ability. The Ocean Foundation was created in part to bring new financial and technical resources to the table so that we can increase the capacity of these organizations to pursue their missions.Expenses $2,568,683 · grants $1,066,356 · revenue $87,273
- Protecting Species of Concern - For many of us, our first interest in the oceans began with an interest in the large animals that call it home. Whether it be the awe inspired by a gentle humpback whale, the undeniable charisma of a curious dolphin, or the ferocious, gaping maw of a great white shark, these animals are more than just ambassadors of the sea. These apex predators and keystone species keep the ocean ecosystem in balance, and the health of their populations often serves as an indicator of the health of the oceans as a whole.Expenses $2,365,578 · grants $470,339 · revenue $472,697
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0863908
- 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
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C12)
- Assets (IRS master file)
- $17,747,319
- Income (IRS master file)
- $14,478,580
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,196,134 | $15,812,467 | $17,747,319 | IRS |
| 990 | June 2024 | $18,847,028 | $18,826,931 | $23,212,933 | IRS |
| 990 | June 2023 | $18,854,739 | $15,869,946 | $21,935,882 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 71-0863908).
Questions about OCEAN FOUNDATION
- What is the EIN of OCEAN FOUNDATION?
- The employer identification number (EIN) of OCEAN FOUNDATION is 71-0863908.
- Is OCEAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to OCEAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OCEAN FOUNDATION 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 OCEAN FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OCEAN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OCEAN FOUNDATION?
- The 990 for the year ended June 30, 2025 names Mark J Spalding.
- Who are the officers and directors of OCEAN FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 20 people; 6 received compensation from the organization, the highest $271,551 (Mark J Spalding, President).
- How much revenue does OCEAN FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,196,134, expenses of $15,812,467 and total assets of $17,747,319 at year end.
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