Interdistrict Committee For Project Oceanology

What it reported doing in 2024

Summer Camps: We enhanced the educational value of our summer camps by refining the themed content offered each week, ensuring unique learning opportunities for both new and returning participants (with approximately 33% of campers returning annually). We also strengthened staff preparation by expanding behavior management training, delivered during both pre-season and mid-season sessions. Camp participation remained strong, with approximately 440 campers, maintaining the increased attendance levels achieved in prior years.School-Year Programs: We expanded our K12 programming by strengthening partnerships and successfully competing for grants that enhance our educational offerings and resources. Our curriculum continues to be updated and aligned with the Next Generation Science Standards to ensure high-quality, standards-based learning. Despite operating with one organizational research vessel instead of two, we maintained service levels comparable to prior years by contracting an additional vessel and increasing the number of licensed captains on staff. These investments improved our capacity to meet growing program demand during both the school year and summer months. Research, Policy, and Community Engagement: We advanced authentic science and environmental education by engaging federal, state, and local policymakers and supporting community-based initiatives. Through a statewide coalition, we secured a subaward to continue removing abandoned and lost lobster traps from Long Island Sound, contributing to peer-reviewed research on marine debris, invasive species, and ecosystem impacts. We deepened our role in regional stewardship by participating in watershed committees, formalizing our membership in the Long Island Sound Partnership Citizens Advisory Committee, and increasing high school internship opportunities in aquaria maintenance. Additionally, we empowered youth voices in ocean policy by leading a second annual delegation to Capitol Hill Ocean Week in Washington, DC, where students shared their perspectives directly with policymakers.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 85.3%; rating input score 85
• Fundraising efficiency: $6.75 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 23.5%; rating input score 24; 9th percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -12.3%; rating input score 15; 15th percentile among comparable filings
• Total-asset coverage ratio: 1.11; rating input score 46; 46th percentile among comparable filings
• Liabilities to assets ratio: 0.43; rating input score 18; 18th percentile among comparable filings
• Officer compensation ratio: 8.1%; rating input score 43; 43rd percentile among comparable filings

Growth

• Program expense growth: 2.2% per year; rating input score 100; 27th percentile among comparable filings
• Revenue growth: 2.6% per year; rating input score 100; 29th percentile among comparable filings
• Asset growth: 13.4% per year; rating input score 100; 69th percentile among comparable filings