2023-07-05T16:50:01-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2022-01-01 330203488 OCEAN INSTITUTE OCEA 9494962274 24200 DANA POINT HARBOR DRIVE DANA POINT CA 92629 WENDY MARSHALL CEO/PRESIDENT 9494962274 2023-06-29 1 WENDY MARSHALL 999009999 0 LISA N RYSSEL CPA P00643670 7149781300 2023-06-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WENDY MARSHALL 24200 DANA POINT HARBOR DRIVE DANA POINT CA 92629 4345926 0 X WWW.OCEANINSTITUTE.ORG X 1986 CA THE OCEAN INSTITUTE PROVIDES EXPERIENTIAL EDUCATIONAL PROGRAMMING TO SCHOOLS, YOUTH GROUPS, AND THE PUBLIC TO DEVELOP KNOWLEDGE ABOUT THE OCEAN AND MARITIME HISTORY. WE EMBODY OUR MOTTO, "EXPERIENCE IS THE TEACHER" THROUGH FIELD TRIPS, SUMMER CAMP PROGRAMS, PUBLIC CRUISES AND EXHIBITS, SPECIAL EVENTS AND SPEAKERS, AND GUIDED TOURS ON AND AROUND OUR OCEANFRONT CAMPUS. 15 15 81 608 0 0 3981998 2436104 857352 1502532 19219 13802 69334 84356 4927903 4036794 0 0 0 0 1341188 1727764 0 0 402983 2114646 2689842 3455834 4417606 1472069 -380812 15364958 14909007 1003710 1003446 14361248 13905561 X THE OCEAN INSTITUTE'S MISSION IS "USING THE OCEAN AS OUR CLASSROOM, WE INSPIRE CHILDREN TO LEARN". OUR ORGANIZATION IS DEDICATED TO PROVIDING OCEAN AND MARITIME HISTORY LEARNING EXPERIENCES THROUGH HIGH-TOUCH REAL-WORLD PROGRAMS. WE HAVE A FIERCE COMMITMENT TO "ACCESS TO ENRICHMENT AND THROUGH OUR ADOPT-A-CLASS AND STUDENT AID PROGRAMS WE REMOVE FINANCIAL BARRIERS TO ENSURE SUCH ACCESS. 0 0 3219203 1502532 SCHOOL AND YOUTH PROGRAMS AND PUBLIC LEARNING EXPERIENCE: OCEAN INSTITUTE PROVIDES HANDS-ON FIELD-TRIP PROGRAMS THAT ENGAGE STUDENTS IN LEARNING EXPERIENCES IN OUR LABS, ON THE WATER, AND IN THE LOCAL ENVIRONMENT. PROGRAMS TAKE PLACE ON CAMPUS IN OUR LEARNING LABS, ON THE WATER ON THE R/V SEA EXPLORER AND TALL SHIP SPIRIT, AND IN OUR LOCAL COASTAL ENVIRONMENT THAT INCLUDES UNIQUE GEOLOGICAL FEATURES, TIDEPOOLS, AND THE OCEAN INSTITUTE NATIVE PLANT GARDEN. OUR "OCEAN IN MOTION" VISITING VAN AND VIRTUAL FIELD TRIPS REACH STUDENTS WHO ARE UNABLE TO VISIT OUR CAMPUS, INCLUDING CHILDREN WITH SPECIAL NEEDS, CHILDREN'S HOSPITALS, AND HOMELESS SHELTERS. ADDITIONALLY, OCEAN INSTITUTE BELIEVES IN LIFELONG LEARNING AND OUR EXPERIENTIAL EDUCATION IS ALSO OFFERED TO INDIVIDUALS, FAMILIES, PRIVATE GROUPS (FROM SCOUTS TO SENIORS), THROUGH OUR GENERAL ADMISSION AND SPECIAL EVENTS. VISITORS CAN SPEND A DAY VISITING OUR EXHIBITS AND TOUCH TANKS, SEARCH FOR MARINE MAMMALS ON THE R/V SEA EXPLORER CRUISE, SAIL ON THE TALL SHIP SPIRIT, OR JOIN OUR KAYAK, TIDEPOOL, AND GEOLOGY TOURS. SPECIAL EVENTS, INCLUDING MARITIME FEST, GIRLS ON OCEAN SCIENCE, THE MARINE & ENVIRONMENTAL SCIENCE COLLEGE FAIR, INTERN RESEARCH SYMPOSIUM, COASTAL CLEANUPS, AND DISTINGUISHED SPEAKER PRESENTATIONS PROVIDE MULTIPLE PATHWAYS TO LEARNING FOR THE GENERAL PUBLIC. 3219203 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 81 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X WENDY MARSHALL 9494962274 24200 DANA POINT HARBOR DRIVE DANA POINT CA 92629 WENDY MARSHALL PRESIDENT AND CEO 40.00 X 238998 0 19383 JIM PHILLIPS TREASURER 2.00 X X 0 0 0 JEANNINE SMITH SECRETARY 2.00 X X 0 0 0 JENNA KOHNKE CHAIRPERSON 2.00 X X 0 0 0 STEVE HARRIS VICE CHAIRPERSON 2.00 X X 0 0 0 VIC HAUSMANINGER BOARD MEMBER 1.00 X 0 0 0 CHARLIE STEINMETZ BOARD MEMBER 1.00 X 0 0 0 COLLIE F JAMES IV BOARD MEMBER 1.00 X 0 0 0 JILL TRACY BOARD MEMBER 1.00 X 0 0 0 KEN PETERSEN BOARD MEMBER 1.00 X 0 0 0 MEL CHAMBERS BOARD MEMBER 1.00 X 0 0 0 SUSAN PAISH BOARD MEMBER 1.00 X 0 0 0 JOSEPH MULLER BOARD MEMBER 1.00 X 0 0 0 LISA BARTLETT BOARD MEMBER 1.00 X 0 0 0 DOUG CICIONE BOARD MEMBER 1.00 X 0 0 0 JIM COBB BOARD MEMBER 1.00 X 0 0 0 MIKE KILLEBREW BOARD MEMBER 1.00 X 0 0 0 VIPE DESAI BOARD MEMBER 1.00 X 0 0 0 MICHALE TORCASO BOARD MEMBER TERM ENDED 1/6/22 1.00 X 0 0 0 SCOTT VAN VLIET BOARD MEMBER TERM ENDED 6/1/22 1.00 X 0 0 0 TY ROGERS BOARD MEMBER TERM ENDED 1/3/22 1.00 X 0 0 0 238998 0 19383 1 0 1 0 MARINE GROUP BOAT WORKS LLC 997 G STREET CHULA VISTA CA 91910 BOAT RESTORATION 516420 CARDMEMBER SERVICES PO BOX 790408 ST LOUIS MO 63179 CREDIT CARD SERVICES 206045 FOHRMAN & FOHRMAN INC PO BOX 70 DANA POINT CA 92629 ACCOUNTING CONSULTING 126662 ALINCO IT INC 1400 N HARBOR BLVD SUITE 525 FULLERTON CA 92835 IT SUPPORT 102451 4 62300 276977 31250 2065577 114006 2436104 EDUCATIONAL PROGRAM FE 900099 1198583 1198583 EDUCATIONAL CONFERENCE 900099 303949 303949 1502532 13802 13802 227521 276977 233725 -6204 -6204 165967 75407 90560 90560 4036794 1502532 0 98158 258381 208285 25258 24838 1237230 1015740 101012 120478 122773 88575 23267 10931 109380 80176 19360 9844 367410 237026 80655 49729 126662 126662 41256 23945 12752 4559 100813 59315 34203 7295 130480 85087 26367 19026 33969 29940 2629 1400 21333 10635 9692 1006 787929 543756 189037 55136 434246 403314 14967 15965 PROGRAM SERVICE COSTS 301470 270570 15177 15723 MAINTENANCE AND REPAIR 140810 119234 10440 11136 MISCELLANEOUS EXPENSE 121746 5977 69415 46354 BANK FEES 50790 25322 23074 2394 30928 12306 11453 7169 4417606 3219203 795420 402983 2691413 2868177 186778 17500 313801 21721 76569 99917 78127 83457 25698261 15245655 10594682 10452606 1423588 1365629 15364958 14909007 142243 184353 361467 319093 500000 500000 1003710 1003446 X 12688248 12588417 1673000 1317144 14361248 13905561 15364958 14909007 -380812 -74875 0 X X 0 1 X 1 0 X 2853137 2154687 3562700 4155929 2436104 15162557 3273958 2910134 718318 857352 1502532 9262294 458281 687427 148877 80993 165967 1541545 6585376 5752248 4429895 5094274 4104603 25966396 1425000 300000 1038333 1420000 878500 5061833 0 1425000 300000 1038333 1420000 878500 5061833 20904563 29743 72123 27572 19219 13802 162459 29743 72123 27572 19219 13802 162459 6615119 5824371 4457467 5113493 4118405 26128855 0.80010 0.82020 0.00620 0.00630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 331286 -17313 313973 287133 44153 331286 267894 19239 287133 1641935 119329 1493370 267894 1639518 10558 8141 1641935 1.00000 1 0 22100150 13417547 8682603 852401 846544 5857 2745710 981564 1764146 10452606 X 4037326 -74875 -74875 4112201 -75407 -75407 4036794 4493013 75407 75407 4417606 0 4417606 PART X, LINE 2: THE INSTITUTE HAS RECEIVED FAVORABLE DETERMINATION LETTERS INDICATING IT IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES AND CALIFORNIA FRANCHISE TAXES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES ALL OF THE POSITIONS TAKEN BY THE INSTITUTE ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE INSTITUTE IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN YEARS. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SCHEDULE D, PART V, LINE 4 THE ENDOWMENT FUNDS WILL BE USED FOR ONGOING FUNDING OF THE EDUCATIONAL PROGRAMS OF THE OCEAN INSTITUTE. CORE 357680 223426 134254 750 58899 64412 MARITIME 146818 53551 93267 9182 100482 504498 276977 227521 750 68081 164894 233725 -6204 X X X X 0 0 0 1 0 0 0 0 0 WENDY MARSHALL PRESIDENT AND CEO 223998 0 15000 0 0 0 19099 0 284 0 258381 0 0 0 PART I, LINE 3 COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS DURING THE ANNUAL BUDGET PROCESS. COMPENSATION IS DETERMINED BASED ON COMPARATIVE DATA PROVIDED BY SALARY SURVEYS AND OTHER APPROPRIATE SOURCES. PART I, LINE 5 THE BOARD PROVIDED GOALS FOR THE CEO BASED ON DOLLARS RAISED. BASED ON THE THRESHOLDS, THE CEO COULD EARN FROM A 5% TO 15% PERFORMANCE BONUS. X SPECIAL EVENT 100 114006 FMV 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO SUBMISSION, THE OCEAN INSTITUTE PROVIDED EACH MEMBER OF THE GOVERNING BODY WITH A COPY OF FORM 990 AND ALL RELATED SCHEDULES. MEMBERS WERE ASKED TO REVIEW THE FILING AND PROVIDE COMMENTS AND POTENTIAL CORRECTIONS TO THE FILING. THE COMMENTS AND POTENTIAL CORRECTIONS WERE USED TO PROVIDE THE FINAL REVIEW OF THE FORM FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND KEY EMPLOYEES ARE ASKED EACH YEAR TO UPDATE THEIR CONFLICT OF INTEREST INFORMATION. THIS INFORMATION IS USED TO DETERMINE IF CONFLICTS EXIST AND IF SUCH CONFLICTS PROVIDE A PROBLEM FOR THE ORGANIZATION IN THE PROVISION OF SERVICES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS ESTABLISHED ANNUALLY BY THE BOARD OF DIRECTORS WITH INPUT FROM ALL APPROPRIATE SOURCES INCLUDING SALARY SURVEYS, BUDGET REVIEW, ETC. THE COMPENSATION OF ALL OTHER EXECUTIVES IS REVIEWED ANNUALLY DURING THE BUDGET PROCESS. THE BUDGET, INCLUDING ALL SALARIES IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022 FORM 990, PART VI, SECTION C, LINE 19 THE OCEAN INSTITUTE, UPON REQUEST, PROVIDES ALL PUBLIC DOCUMENTS INCLUDING FORM 990, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO ANY REQUESTING PARTY. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.