Billion Oyster Project
- Assets
- $5.2m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 44
- Location
- New York, NY
- Founding
- 09/2010
- Data as of
- 06/2023
- EIN
- 27-2918478
Organization Overview
Billion Oyster Project is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Billion Oyster Project employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billion Oyster Project 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 06/2023, Billion Oyster Project generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $6.2m during the year ending 06/2023. While expenses have increased by 12.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BILLION OYSTER PROJECT RESTORES OYSTER REEFS TO NEW YORK HARBOR THROUGH PUBLIC EDUCATION INITIATIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronny Krishana Chair | OfficerTrustee | 1 | $0 |
Sophia C Koven Vice Chair | OfficerTrustee | 1 | $0 |
Jeffrey Lee Treasurer | OfficerTrustee | 1 | $0 |
Robin Bramwell- Stewart Secretary | OfficerTrustee | 1 | $0 |
L Mercedes Tech Board Member | Trustee | 1 | $0 |
Elliot H Steelman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weeks Marine Inc Deployment Of Oysters At Head Of Bay | 6/29/23 | $113,850 |
The Lobster Place Lobster Place Wholesale | 6/29/23 | $148,588 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $599,472 |
| Related organizations | $0 |
| Government grants | $1,083,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,372,349 |
| Noncash contributions included in lines 1a–1f | $344,552 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,055,438 |
| Total Program Service Revenue | $431,594 |
| Investment income | $2,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,420 |
| Net Income from Fundraising Events | -$292,016 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,314,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,247 |
| 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. | $210,503 |
| Compensation of current officers, directors, key employees. | $16,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,944,074 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $603,642 |
| Payroll taxes | $252,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,788 |
| Fees for services: Lobbying | $90,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32 |
| Fees for services: Other | $774,203 |
| Advertising and promotion | $0 |
| Office expenses | $213,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $243,721 |
| 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 | $63,247 |
| Insurance | $78,626 |
| All other expenses | $0 |
| Total functional expenses | $6,220,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,637 |
| Savings and temporary cash investments | $3,032,464 |
| Pledges and grants receivable | $1,254,964 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,614 |
| Net Land, buildings, and equipment | $652,096 |
| Investments—publicly traded securities | $38,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,200,003 |
| Accounts payable and accrued expenses | $228,216 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $228,216 |
| Net assets without donor restrictions | $3,329,518 |
| Net assets with donor restrictions | $1,642,269 |
| 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 | $5,200,003 |
Grants Awarded
Over the last fiscal year, Billion Oyster Project has awarded $152,127 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH STREET SEAPORT MUSEUM PURPOSE: SAIL TRAINING | $60,950 |
NYC DEPT OF EDU - NY HARBOR SCHOOL PURPOSE: PROGRAMS | $91,177 |