Ocean Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,004,165 | 5,638,164 | −633,999 | 7.2 | 22% |
| 2012 | 5,065,861 | 5,065,829 | 32 | 8.1 | 20% |
| 2013 | 4,795,529 | 5,512,711 | −717,182 | 5.9 | 19% |
| 2014 | 5,264,763 | 5,401,568 | −136,805 | 5.8 | 21% |
| 2015 | 7,128,825 | 5,820,613 | 1,308,212 | 8.0 | 20% |
| 2016 | 6,074,490 | 6,966,562 | −892,072 | 5.2 | 22% |
| 2017 | 7,049,901 | 6,252,396 | 797,505 | 7.3 | 27% |
| 2018 | 8,496,190 | 7,604,021 | 892,169 | 7.5 | 24% |
| 2019 | 8,532,198 | 8,202,116 | 330,082 | 7.5 | 22% |
| 2020 | 18,510,600 | 8,760,634 | 9,749,966 | 20.4 | 28% |
| 2021 | 9,142,772 | 8,502,759 | 640,013 | 22.0 | 30% |
| 2022 | 11,796,534 | 11,541,472 | 255,062 | 16.3 | 26% |
| 2023 | 15,185,892 | 15,947,473 | −761,581 | 11.3 | 23% |
In its most recent public year (2023), this organization spent $761,581 more than it brought in. Its reserves stood at about 11.3 months of spending, up from 7.2 in 2011. Staff pay was 23% of spending. $2,761,983 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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