Opes Oceani Foundation Inc

Nonprofit profile at a glance

EIN
853160014
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Alexandria, VA, USA
Phone
5715278228
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Reported finances

Revenue
$125,000
Expenses
$158,402
Assets
$32,831
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • GAVIN CARTER (CHAIRMAN)
  • GLENN INWOOD (TREASURER)
  • BRUCE KITCHEN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Opes oceani foundation is dedicated to the conservation and responsible management of ocean resources, including informing and educating the public and those engaged in the utilization of ocean resources on best practices with regard to responsible resource utilization, conservation, biodiversity, environmental stewardship, sustainable development and the promotion of good governance of the world's oceans.

What it reported doing in 2024

As part of our effort to promote good governance of the oceans, we participated in the 69th plenary meeting of the international whaling commission (iwc 69) in lima, peru (23-27 september 2024). Opes oceani foundation pressed the iwc to improve its governance in several ways. In a floor intervention, we said that aboriginal whaling should be a right rather than a privilege that is granted periodically at the iwc's discretion. We further pointed out that the iwc's quota process and vote created unnecessary uncertainty about the outcome and that this caused considerable anxiety among traditional whaling communities. Separately, we expressed concern that the voices of indigenous communities were deleted from a commissioned report on subsistence whaling in st. Vincent and the grenadines. We requested that the original text be reinserted. Opes oceani foundation also contributed to discussions about how the issue of applying a quorum at the iwc should be constituted during meetings and voting.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 86% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 24
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.5%; rating input score 99
  • Program expense ratio: 77.8%; rating input score 78

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -26.7%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.21; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 42.6% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 17.4% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: -67.4% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 98.5% of revenue deployed · 77.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $123K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 5/100.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • High — Growth: Asset growth scored 0/100.