California Ocean Science Tr
- Assets
- $11.8m
- Revenue
- $11.3m
- Investments
- $10.8m
- Employees
- 13
- Location
- Sacramento, CA
- Founding
- 12/2005
- Data as of
- 09/2023
- EIN
- 65-1261006
Organization Overview
California Ocean Science Tr is located in Sacramento, CA. The organization was established in 2005. 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 09/2023, California Ocean Science Tr employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Ocean Science Tr 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 09/2023, California Ocean Science Tr generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $1.5m during the year ending 09/2023. 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
SCIENCE ADVISOR TO STATE AGENCIES, CONVENING WORKING GROUPS & STAKEHOLDERS RELATED TO THE OCEAN & COASTAL MATTERS, ADMINISTERING OF SCIENCE STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECTS AND INITIATIVES UNDERTAKEN DURING THIS PERIOD INCLUDE THE COMPLETION OF THE UPDATED SEA LEVEL RISE GUIDANCE REPORT; EXPLORING NATURE-BASED INSURANCE SOLUTIONS TO SEA LEVEL RISE THROUGH CONVENING INDUSTRY, POLICY-MAKERS, AND THE ACADEMIC SCIENCE COMMUNITY; ADVANCING SCIENCE-BASED PATHWAYS FOR MULTI-BENEFIT SEAWEED FARMING; ELEVATING AWARENESS AND UNDERSTANDING OF OCEAN-BASED CDR AMONG CALIFORNIA'S LAWMAKERS; LAUNCHING DEVELOPMENT OF SCIENTIFICALLY RIGOROUS RECOMMENDATIONS REGARDING WIND ENERGY SITING, AND AN ENVIRONMENTAL MONITORING AND EVALUATION FRAMEWORK, AND SYNTHESIZING SCIENTIFIC INFORMATION ABOUT BIODIVERSITY IMPACTS AND POTENTIAL PROTECTION MEASURES; AND CONTINUING OUR WORK TO EXPLORE DYNAMIC FISHERY PERMITTING ALTERNATIVES ON A STATE AND FEDERAL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Sutley Chair | OfficerTrustee | 1 | $0 |
Phillip Taylor Treasurer | OfficerTrustee | 1 | $0 |
Jonathan Bishop Trustee | Trustee | 1 | $0 |
Gary Griggs Trustee | Trustee | 1 | $0 |
Jen Eckerle Trustee | Trustee | 1 | $0 |
Alexis Jackson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,494,434 |
| All other contributions, gifts, grants, and similar amounts not included above | $641,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,135,578 |
| Total Program Service Revenue | $0 |
| Investment income | $193,128 |
| 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 | $11,328,706 |
| 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. | $305,246 |
| Compensation of current officers, directors, key employees. | $54,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $690,993 |
| Pension plan accruals and contributions | $3,210 |
| Other employee benefits | $41,110 |
| Payroll taxes | $74,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,570 |
| Fees for services: Lobbying | $1,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,027 |
| Fees for services: Other | $141,711 |
| Advertising and promotion | $0 |
| Office expenses | $5,071 |
| Information technology | $13,374 |
| Royalties | $0 |
| Occupancy | $32,301 |
| Travel | $29,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,085 |
| Insurance | $9,761 |
| All other expenses | $0 |
| Total functional expenses | $1,485,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,714 |
| Savings and temporary cash investments | $388,032 |
| Pledges and grants receivable | $260,314 |
| 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 | $26,313 |
| Net Land, buildings, and equipment | $7,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,844,860 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,776,170 |
| Accounts payable and accrued expenses | $104,480 |
| Grants payable | $0 |
| Deferred revenue | $779,676 |
| 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 | $884,156 |
| Net assets without donor restrictions | $10,892,014 |
| 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 | $11,776,170 |