Billion Oyster Project
- Assets
- $3.3m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 36
- Location
- New York, NY
- Founding
- 09/2010
- Data as of
- 06/2022
- 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 06/2022, Billion Oyster Project employed 36 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 06/2022, Billion Oyster Project generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 7 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
2022
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 VOLUNTEER 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Malinowski Executive Director | Officer | 40 | $160,976 |
Kathleen Mosher-Smith Director Programs | 40 | $111,132 | |
Maria Victoria Maronilla Director Of Finance & Operations | 40 | $102,248 | |
Ann Fraioli Director Of Education | 40 | $101,928 | |
Ronny Krishana Chair | OfficerTrustee | 1 | $0 |
Sophia C Koven Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Lobster Place Wholesale Seafood Shell Collection Services | 6/29/20 | $110,267 |
Hudson River Foundation For Science & En Research Services | 6/29/20 | $101,180 |
The Lobster Place Wholesale Seafood Shell Collection Services | 6/29/20 | $110,267 |
Hudson River Foundation For Science & En Research Services | 6/29/20 | $101,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $416,044 |
| Related organizations | $0 |
| Government grants | $928,955 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,189,215 |
| Noncash contributions included in lines 1a–1f | $194,197 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,534,214 |
| Total Program Service Revenue | $533,524 |
| Investment income | $821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,053 |
| Net Income from Fundraising Events | -$105,832 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,973,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,500 |
| 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. | $196,833 |
| Compensation of current officers, directors, key employees. | $19,158 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,294,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $487,839 |
| Payroll taxes | $196,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,576 |
| Fees for services: Lobbying | $7,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15 |
| Fees for services: Other | $686,876 |
| Advertising and promotion | $0 |
| Office expenses | $162,056 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $91,995 |
| 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 | $42,425 |
| Insurance | $60,161 |
| All other expenses | $0 |
| Total functional expenses | $4,958,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,785 |
| Savings and temporary cash investments | $1,826,708 |
| Pledges and grants receivable | $551,653 |
| 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 | $55,624 |
| Net Land, buildings, and equipment | $575,098 |
| Investments—publicly traded securities | $33,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,279,884 |
| Accounts payable and accrued expenses | $306,590 |
| Grants payable | $0 |
| Deferred revenue | $101,265 |
| 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 | $407,855 |
| Net assets without donor restrictions | $2,387,036 |
| Net assets with donor restrictions | $484,993 |
| 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 | $3,279,884 |
Grants Awarded
Over the last fiscal year, Billion Oyster Project has awarded $152,127 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NYC DEPT OF EDU - NY HARBOR SCHOOL PURPOSE: PROGRAMS | $91,177 |
New York, NY PURPOSE: SAIL TRAINING | $60,950 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Billion Oyster Project has recieved totaling $307,316.
| Awarding Organization | Amount |
|---|---|
Overbrook Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Overbrook Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Dalio Family Fund Inc Westport, CT PURPOSE: TO SUPPORT GENERAL OPERATIONS | $50,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $35,000 |
Jamestown Foundation Inc Atlanta, GA PURPOSE: PROMOTE PARKS AND GREEN SPACE | $25,000 |
Hugoton Foundation New York, NY PURPOSE: TO FUND EQUIPMENT AND EDUCATIONAL TOOLS AND MATERIALS FOR BOP'S COMMUNITY ENGAGEMENT PROGRAMS | $23,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |