Ocean Research & Conservation Association Inc
- Assets
- $1.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 14
- Location
- Vero Beach, FL
- Founding
- 05/2006
- Data as of
- 06/2021
- EIN
- 20-0901011
Organization Overview
Ocean Research & Conservation Association Inc is located in Vero Beach, FL. The organization was established in 2006. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 06/2021, Ocean Research & Conservation Association Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Research & Conservation Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Ocean Research & Conservation Association Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STUDY AND PROTECT MARINE ECOSYSTEMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION IS DEDICATED TO THE STUDY AND PROTECTION OF MARINE ECOSYSTEMS AND THE SPECIES THEY SUSTAIN THROUGH THE DEVELOPMENT OF INNOVATIVE TECHNOLOGIES AND SCIENCE BASED CONSERVATION ACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Mills Chairman | OfficerTrustee | 1 | $0 |
Mary Chapman Secretary | OfficerTrustee | 1 | $0 |
Herb Fitz Gibbon Vice Chairman | OfficerTrustee | 1 | $0 |
Colin Bailey Director | OfficerTrustee | 1 | $0 |
Angela Schinske Treasurer | OfficerTrustee | 1 | $0 |
Jonathon Barkett Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,067,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,106,163 |
| Noncash contributions included in lines 1a–1f | $93,366 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,173,713 |
| Total Program Service Revenue | $0 |
| Investment income | $504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,174,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $772,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $208,046 |
| Payroll taxes | $78,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,000 |
| Advertising and promotion | $57,659 |
| Office expenses | $0 |
| Information technology | $13,869 |
| Royalties | $0 |
| Occupancy | $17,951 |
| Travel | $7,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,282 |
| Insurance | $12,519 |
| All other expenses | $396,177 |
| Total functional expenses | $1,690,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,069 |
| Savings and temporary cash investments | $12,743 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $339,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,092 |
| Prepaid expenses and deferred charges | $9,410 |
| Net Land, buildings, and equipment | $260,063 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,520,786 |
| Accounts payable and accrued expenses | $75,245 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $445,963 |
| Other liabilities | $174,089 |
| Total liabilities | $795,297 |
| Net assets without donor restrictions | $725,489 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,520,786 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Ocean Research & Conservation Association Inc has recieved totaling $400,931.
| Awarding Organization | Amount |
|---|---|
Community Foundation Martin St Lucie Inc Stuart, FL PURPOSE: OPERATING AND PROGRAM SUPPORT | $98,714 |
Schooner Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $50,031 |
Indian River Community Foundation Vero Beach, FL PURPOSE: GENERAL OPERATING | $45,700 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $42,886 |
Link Foundation Binghamton, NY PURPOSE: EDUCATION - OCEAN RESEARCH & CONSERVATION | $40,000 |
Scotts Miracle-Gro Foundation Marysville, OH PURPOSE: ENVIRONMENT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Barn Group Land Trust Inc Brooks, GA | $16,806,852 | $12,541,051 |
Freshwater Land Trust Birmingham, AL | $42,766,765 | $3,412,437 |
Chattahoochee Riverkeeper Inc Atlanta, GA | $5,712,357 | $2,159,639 |
Ocean Research & Conservation Association Inc Vero Beach, FL | $1,520,786 | $2,174,367 |
Captains For Clean Water Inc Fort Myers, FL | $1,974,237 | $1,999,090 |
Biscayne Bay Waterkeeper Inc Coral Gables, FL | $1,387,272 | $1,361,221 |
Georgia River Network Inc Athens, GA | $860,898 | $1,211,941 |
Jacksonville Maritime Association Inc Jacksonville, FL | $1,150,787 | $914,267 |
Wildlands Conservation Inc Tampa, FL | $969,929 | $1,039,478 |
Georgia Water And Wastewater Institute Inc Marietta, GA | $2,007,375 | $1,312,703 |
Apalachicola Bay And River Keeper Inc Apalachicola, FL | $464,849 | $795,919 |
Savannah Riverkeeper Incorporated Augusta, GA | $308,608 | $391,873 |