Ocean Risk And Resilience Action Alliance Inc
- Assets
- $3.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 83-3580499
Organization Overview
Ocean Risk And Resilience Action Alliance Inc is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Ocean Risk And Resilience Action Alliance Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Risk And Resilience Action Alliance 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 12/2022, Ocean Risk And Resilience Action Alliance Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $3.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Ocean Risk And Resilience Action Alliance Inc has awarded 12 individual grants totaling $1,093,482. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EVERYTHING WE DO IS DESIGNED TO PROTECT AT LEAST 30 PERCENT OF THE OCEAN BY 2030
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALL TO ACTION TO SAFEGUARD AT LEAST 30% OF THE WORLD'S OCEAN BY 2030 THROUGH A NETWORK OF HIGHLY OR FULLY PROTECTED MARINE AREAS WHERE NO DESTRUCTIVE OR EXTRACTIVE ACTIVITIES SUCH AS FISHING OR MINING CAN TAKE PLACE.
CALL TO ACTION TO SAFEGUARD AT LEAST 30% OF THE WORLD'S OCEAN BY 2030 THROUGH A NETWORK OF HIGHLY OR FULLY PROTECTED MARINE AREAS WHERE NO DESTRUCTIVE OR EXTRACTIVE ACTIVITIES SUCH AS FISHING OR MINING CAN TAKE PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathanial Matthews Secretary/treasurer | OfficerTrustee | 3 | $0 |
Ulrike Decoene Chair | OfficerTrustee | 3 | $0 |
Jose Maria Figueres Trustee | Trustee | 3 | $0 |
C Wolcott Henry Thru 12222 Treasurer/chairman | OfficerTrustee | 5 | $0 |
Jean Oelwang Thru 12522 Trustee | OfficerTrustee | 3 | $0 |
Lisa Speer Thru 12522 Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vchief Executive Services | 12/30/22 | $152,640 |
Ancillai Solutions Llc Governance And Grant Management | 12/30/22 | $128,500 |
Green Shift Solutions Ltd Program Services | 12/30/22 | $129,650 |
Vchief Executive Services | 12/30/22 | $152,640 |
Green Shift Solutions Ltd Program Services | 12/30/22 | $129,650 |
Anthropocene Consulting Limited Program Services | 12/30/22 | $106,318 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $435,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,435,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,871,312 |
| Total Program Service Revenue | $494,862 |
| Investment income | $550 |
| 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 | $2,366,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $972,715 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $429,516 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $325,166 |
| Compensation of current officers, directors, key employees. | $94,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,029 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,573 |
| 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 | $1,087,181 |
| Advertising and promotion | $330,794 |
| Office expenses | $51,592 |
| Information technology | $717 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $122,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,092 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,250 |
| Insurance | $15,245 |
| All other expenses | $0 |
| Total functional expenses | $3,531,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,205 |
| Savings and temporary cash investments | $2,180,475 |
| Pledges and grants receivable | $275,000 |
| Accounts receivable, net | $33,834 |
| 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 | $479,336 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,321 |
| Other assets | $0 |
| Total assets | $3,212,171 |
| Accounts payable and accrued expenses | $135,386 |
| Grants payable | $0 |
| Deferred revenue | $252,917 |
| 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 | $2,501,456 |
| Total liabilities | $2,889,759 |
| Net assets without donor restrictions | -$186,649 |
| Net assets with donor restrictions | $509,061 |
| 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 | $3,212,171 |
Grants Awarded
Over the last fiscal year, Ocean Risk And Resilience Action Alliance Inc has awarded $1,093,482 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
STIMSON CENTER PURPOSE: FISHING VESSEL RAPID RISK ASSESSMENT | $29,897 |
GLOBAL FISHING WATCH PURPOSE: FISHING VESSEL RAPID RISK ASSESSMENT | $306,798 |
UNIVERSITY OF CALIFORNIA SANTA CRUZ PURPOSE: RESEARCH RELATED TO CORE MISSION | $95,046 |
REPURPOSE GLOBAL INC PURPOSE: WINNER OF OCEAN RISK INNOVATION CHALLENGE | $15,000 |
SAVE THE WAVES COALITION PURPOSE: WINNER OF OCEAN RISK INNOVATION CHALLENGE | $50,000 |
QUINTESSENCE MARINE INC PURPOSE: WINNER OF OCEAN RISK INNOVATION CHALLENGE | $50,000 |