Ocean Wise Conservation Association
- Assets
- $45.4m
- Revenue
- $10.0m
- Investments
- $925.5k
- Employees
- 329
- Location
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 98-0050185
Organization Overview
Ocean Wise Conservation Association is located in null. The organization was established in 1982. According to its NTEE Classification (D50) the organization is classified as: Zoos & Aquariums, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Ocean Wise Conservation Association employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Wise Conservation Association 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 12/2021, Ocean Wise Conservation Association generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $14.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OCWA IS A SELF SUPPORTING, NON-PROFIT ORGANIZATION WHOSE MISSION IS TO EMPOWER COMMUNITIES & INDIVIDUALS TO TAKE ACTION TO PROTECT & RESTORE OUR WORLD'S OCEANS.
Describe the Organization's Program Activity:
EDUCATION - OCEAN WISE'S EDUCATION PROGRAMS ENGAGE EDUCATORS, STUDENTS AND PARENTS BY DELIVERING CURRICULUM-BASED VIDEO COURSES, TAKE-HOME EDUCATION KITS, ACTIVITIES AND VIRTUAL VISITS WITH OCEAN EXPERTS. OUR YOUTH SERVICE INITIATIVE, FUNDED BY THE GOVERNMENT OF CANADA'S CANADA SERVICE CORPS PROGRAM EXPANDED TO NEW GEOGRAPHIES ACROSS THE COUNTRY INCLUDING A DIRECT ACTION PROGRAM, PROVIDING FULL-TIME, THREE-MONTH PLACEMENTS FOR YOUNG PROFESSIONALS ACROSS CANADA. AS WELL, OUR OCEAN BRIDGE AND YOUTHTOSEA PROGRAMS PROVIDE PART-TIME, SIX-MONTH NETWORKING AND SERVICE ACTIVITIES FOR YOUNG CANADIANS.
DISPLAY & INTERPRETATION - OCEAN WISE EFFECTS CONSERVATION OF AQUATIC LIFE THROUGH DISPLAY AND INTERPRETATION THROUGH ITS AQUARIUM FACILITY. OUR EXHIBITS AND INTERPRETERS PROVIDE INFORMATION ABOUT ANIMALS, THEIR HABITATS, ENVIRONMENTAL AND CONSERVATION ISSUES TO THOUSANDS OF MEMBERS AND GUESTS ON AN ANNUAL BASIS. IN 2020, THE COVID-19 PANDEMIC WAS DECLARED BY THE WORLD HEALTH ORGANIZATION, WHICH HAD SIGNIFICANT FINANCIAL, SOCIAL AND MARKET IMPACT AND IN 2021, OCEAN WISE SOLD ITS AQUARIUM FACILITY AND OPERATIONS TO A NEW OPERATOR, HERSCHEND ENTERPRISES.
CONSERVATION - OCEAN WISE SEAFOOD CONTINUES TO DRIVE RESPONSIBLE CONSUMER CHOICES IN NORTH AMERICA. THE PROGRAM, ESTABLISHED TO HELP BUSINESSES AND CUSTOMERS IDENTIFY AND PURCHASE SUSTAINABLE SEAFOOD, HAS OVER 750 PARTNER ORGANIZATIONS AROUND THE WORLD. OTHER ACTIVITIES INCLUDE OUR SHORELINE CLEANUP PROGRAM WHERE OVER 31,000 KG OF LITTER WAS PICKED UP, LED BY OVER 19,500 PARTICIPANTS PERFORMING MORE THAN 1,998 CLEANUPS ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Lars Gustafsson President & CEO | Officer | 37.5 | $300,890 |
Dr Carlos Drews Evp, Conservation | Officer | 37.5 | $250,590 |
Ms Jennie Moushos Evp, Finance & Business Dev. | Officer | 37.5 | $228,502 |
Mr Jeremy Douglas Evp, Development | Officer | 37.5 | $184,549 |
Dr Lance Barrett-Lennard Directr & Ambas Whale Research | 37.5 | $111,696 | |
Mr Christian Baxter Chairman | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kpmg Llp Pacific Centre Accnting And Advisry | 12/30/21 | $634,669 |
The Turn Lab Inc Brnd Resrch & Strtgy | 12/30/21 | $239,849 |
Celtic Sports And Arts Centre Educationprogramming | 12/30/21 | $188,866 |
Briteweb Ltd Website Development | 12/30/21 | $219,434 |
Mccarthy Tetrault Llp Legal Services | 12/30/21 | $652,297 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $758 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $279,656 |
| Government grants | $7,678,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,582,079 |
| Noncash contributions included in lines 1a–1f | $49,484 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,541,166 |
| Total Program Service Revenue | $835,319 |
| Investment income | $859,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$840,464 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $84,905 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,992,401 |
| 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. | $1,092,999 |
| Compensation of current officers, directors, key employees. | $536,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,200,056 |
| Pension plan accruals and contributions | $150,259 |
| Other employee benefits | $462,109 |
| Payroll taxes | $405,007 |
| Fees for services: Management | $180,808 |
| Fees for services: Legal | $95,373 |
| Fees for services: Accounting | $1,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,424,172 |
| Advertising and promotion | $139,817 |
| Office expenses | $533,151 |
| Information technology | $317,488 |
| Royalties | $0 |
| Occupancy | $719,956 |
| Travel | $116,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,072 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,862 |
| Insurance | $144,661 |
| All other expenses | $210,317 |
| Total functional expenses | $14,217,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,034,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,243,550 |
| 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 | $143,891 |
| Net Land, buildings, and equipment | $99,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $925,498 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,446,866 |
| Accounts payable and accrued expenses | $2,088,070 |
| Grants payable | $0 |
| Deferred revenue | $4,473,606 |
| 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 | $6,561,676 |
| Net assets without donor restrictions | $0 |
| 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 | $45,446,866 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Alliance For Improved Nutrition | $44,416,966 | $54,421,348 |
Ontario Educational Communications Authority | $67,292,607 | $50,739,762 |
Amigour Asset Management Ltd | $32,967,956 | $48,566,564 |
Center For International Forestry Research | $34,476,961 | $45,346,432 |
Veba Inc Veba Tr | $1,816,913 | $41,959,741 |
Sir Mortimer B Davis Jewish General Hospital | $508,935,050 | $43,702,941 |
Victoria University | $655,176,000 | $66,175,309 |
United Israel Appeal Of Canada Inc | $41,748,744 | $42,397,130 |
United Bible Societies Association Inc | $115,618,182 | $43,860,125 |
International Financial Reporting Standards Foundation | $67,984,215 | $40,055,296 |
Coif Charities Investment Fund | $5,003,702,124 | $82,088,708 |
International Center Of Insect Physiology And Ecology | $70,607,275 | $37,905,862 |