Ocean Futures Society Inc
Nonprofit profile at a glance
- EIN
- 954455199
- IRS 990 coverage
- 2019–2023
- Forms available
- Form 990 2023
- Location
- Santa Barbara, CA, USA
- Phone
- 8058459654
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Natural Resources Conservation and Protection
Reported finances
- Revenue
- $384,635
- Expenses
- $486,639
- Assets
- $1,933,795
- Liabilities
- $137,721
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JEAN MICHEL COUSTEAU (PRESIDENT)
Highest reported compensation
- JEAN MICHEL COUSTEAU (PRESIDENT): $81,210 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To inspire and educate people throughout the world to act responsibly for the protection of earths ocean
What it reported doing in 2023
In progress production of ocean future's society video production, books in production and education represent ocean future's society continuing commitment to inspire and educate people by documenting the critical connection between impace of individuals and governmental actiona and in actions on the marine environment and our survival and quality of life
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 86
- Accountability: 58
- Sustainability: 34
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 87%; rating input score 87
- Fundraising efficiency: $15.89 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 18th 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 0 of 8 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -26.5%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 3.97; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 16.7%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: -10.1% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -2.5% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 87% of spending went to programs
- Governance: 3 of 3 board members independent · 0 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $487K in reported program spending
- Leadership: top reported pay $81K · 3 people listed
- Consistency: 20 of 22 current checks pass · 2 findings to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2019 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 7 of 7 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 52/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX BenefitsToMembers column sum did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 23/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.