Oceana

What it reported doing in 2024

Internationalin the other countries where oceana operates, our teams work with local communities to win policies that protect fisheries and livelihoods that depend on a healthy ocean. Our campaigns include establishing marine protected areas that serve as sanctuaries for commercially important fish to breed and grow, reforming outdated fishery laws to require science-based catch limits, tracking of fishing vessels, and practical management plans, banning the use of damaging bottom trawls, protecting marine resources for small-scale fishers, rebuilding the populations of forage fish to strengthen the marine food chain, protect "blue-carbon" ecosystems such as kelp forests and mangroves from pollution and development, ban new offshore oil drilling, and limit the use of throwaway plastic that ends up in the ocean.corporate plastics campaignoceana has successfully pressured amazon, the world's largest online retailer, to significantly reduce the amount of plastic they use in their packaging. We are also campaigning for major beverage companies to increase the percentage of refillable and reusable bottles offered to consumers. We are working with sports organizations and venues to swap throwaway plastic cups for reusable container, potentially keeping millions of plastic containers out of waterways that lead to the ocean.sailors for the sea powered by oceanaoceana is building a base of engaged ocean conservationists within the global sailing and boating community. Our green boaters take action in support of oceana's campaigns and raise fund with in low-dollar donations. Oceana's clean regattas program is the world's leading sustainability certification for water-based sporting events. Our kids environmental lesson plans (kelp) program is available to teachers, parents, and institutions around the world to educates and inspires the next generation of sailors to become ocean advocates.

Financial Efficiency

• Mission deployment rate: 95.8%; rating input score 96
• Program expense ratio: 72.9%; rating input score 73
• Fundraising efficiency: $6.61 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

• Consistency checks: 95%; rating input score 95; 25th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 3 of 8 controls in place; rating input score 38
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Pass
  • May suspend future funding: Fail
  • Requires financial reports: Pass
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 99.5%; rating input score 99; 34th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 96.3%; rating input score 96; 30th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -31.3%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 1.37; rating input score 48; 48th percentile among comparable filings
• Liabilities to assets ratio: 0.18; rating input score 61; 61st percentile among comparable filings
• Officer compensation ratio: 8.1%; rating input score 29; 29th percentile among comparable filings

Growth

• Program expense growth: 6.5% per year; rating input score 100; 53rd percentile among comparable filings
• Revenue growth: 5.1% per year; rating input score 100; 44th percentile among comparable filings
• Asset growth: 7.6% per year; rating input score 100; 52nd percentile among comparable filings