2024-06-25T10:50:18-05:00 2023-12-31 473535842 DAVIS FARR LLP 18201 VON KARMAN AVE SUITE 1100 IRVINE CA 92612 990 2023-01-01 330203488 OCEAN INSTITUTE OCEA 9494962274 24200 DANA POINT HARBOR DRIVE DANA POINT CA 92629 WENDY LEAVELL CEO/PRESIDENT 9494962274 2024-06-24 1 WENDY LEAVELL 999009999 1 TRITIA FOSTER P02164134 9494742020 0 AAL1 IAL1 2023 2023-04-26 12:10:37Z WENDY LEAVELL 24200 DANA POINT HARBOR DRIVE DANA POINT CA 92629 5051850 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. 18 18 107 2629 0 0 2436104 2323269 1502532 1886407 13802 37807 84356 -69925 4036794 4177558 0 0 0 0 1727764 2439339 0 0 387391 2689842 2757462 4417606 5196801 -380812 -1019243 14909007 14136699 1003446 1227167 13905561 12909532 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 3967254 1886407 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 EDUCATIONIS 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. 3967254 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 32 0 1 107 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X WENDY LEAVELL 9494962274 24200 DANA POINT HARBOR DRIVE DANA POINT CA 92629 VIPE DESAI CHAIRMAN 1.00 X X 0 0 0 STEVE HARRIS VICE CHAIR 1.00 X X 0 0 0 JIM PHILLIPS TREASURER 1.00 X X 0 0 0 JEANNINE SMITH SECRETARY 1.00 X X 0 0 0 JENNA KOHNKE GAFFNEY DIRECTOR 1.00 X 0 0 0 VIC HAUSMANINGER DIRECTOR 1.00 X 0 0 0 DOUG CICIONE DIRECTOR 1.00 X 0 0 0 COLLIE JAMES IV DIRECTOR 1.00 X 0 0 0 MIKE KILLEBREW DIRECTOR 1.00 X 0 0 0 TODD LARSON DIRECTOR 1.00 X 0 0 0 KEN PETERSON DIRECTOR 1.00 X 0 0 0 BRIAN SKELTON DIRECTOR 1.00 X 0 0 0 CHARLIE STEINMETZ DIRECTOR 1.00 X 0 0 0 KELLY STEWARD DIRECTOR 1.00 X 0 0 0 JILL TRACY DIRECTOR 1.00 X 0 0 0 TOM TURNER DIRECTOR 1.00 X 0 0 0 KERSTIN WOODS V DIRECTOR 1.00 X 0 0 0 LYNDA ZADRA-SYMES DIRECTOR 1.00 X 0 0 0 MIKE FROST GOVERNMENT REPRESENTATIVE 1.00 X 0 0 0 KATRINA FOLEY GOVERNMENT REPRESENTATIVE 1.00 X 0 0 0 JUAN GONZALEZ ALTERNATIVE 1.00 X 0 0 0 WENDY LEAVELL PRESIDENT & CEO 40.00 X 271147 0 22863 271147 0 22863 1 0 1 0 ELAN FINANCIAL SERVICES PO BOX 790408 ST LOUIS MO 631790408 VISA CARD 242631 FOHRMAN & FOHRMAN INC PO BOX 70 DANA POINT CA 92629 ACCOUNTING CONSULTING 133013 2 253645 270386 1799238 32792 2323269 EDUCATIONAL PROGRAM FEES 900099 1598729 1598729 EDUCATIONAL CONFERENCE 900099 287678 287678 1886407 37807 37807 362970 362970 0 194612 253645 357536 -162924 -162924 245285 153786 91499 91499 MISCELLANEOUS REVENUE 900099 1500 1500 1500 4177558 1979406 0 -125117 X 294010 251314 21714 20982 1799828 1538459 132926 128443 190149 162536 14043 13570 155352 132792 11473 11087 9394 9394 535446 261661 217461 56324 26208 21103 3675 1430 87947 25920 53095 8932 13699 10065 2107 1527 197870 117982 55437 24451 25162 18227 5605 1330 22259 20375 1673 211 906555 626949 216469 63137 466975 437045 14482 15448 PROGRAM SERVICE COSTS 208954 191277 10737 6940 MAINTENANCE AND REPAIR 122052 94776 13198 14078 BANKING EXPENSE 74971 48259 26213 499 IN-KIND EXPENSES 28702 3639 15618 9445 31268 4875 16836 9557 5196801 3967254 842156 387391 2740736 2868177 45468 17500 21721 41022 99917 127917 83457 325744 25469972 15743293 10452606 9726679 1365629 1053470 75663 14909007 14136699 184353 256069 319093 392726 500000 500000 0 78372 1003446 1227167 X 12588417 11617694 1317144 1291838 13905561 12909532 14909007 14136699 -1019243 50811 -27597 0 X X 0 1 X 1 0 X 2154687 3562700 4155929 2436104 2323269 14632689 2910134 718318 857352 1502532 1886407 7874743 687427 148877 80993 165967 245285 1328549 5752248 4429895 5094274 4104603 4454961 23835981 300000 1038333 1420000 878500 478475 4115308 0 300000 1038333 1420000 878500 478475 4115308 19720673 72123 27572 19219 13802 37807 170523 72123 27572 19219 13802 37807 170523 1500 1500 5824371 4457467 5113493 4118405 4494268 24008004 0.82140 0.80010 0.00710 0.00620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 313973 38929 4106 348796 331286 -17313 313973 287133 44153 331286 267894 19239 287133 1641935 119329 1493370 267894 1.00000 1 0 22180754 14172021 8008733 709765 651640 58125 2579453 919632 1659821 9726679 SHORT TERM FINANCE LEASE LIABILITY 33833 LONG TERM FINANCE LEASE LIABILITY 44539 78372 X 4382155 50811 50811 4331344 -153786 -153786 4177558 5350587 153786 153786 5196801 0 5196801 PART V, LINE 4: THE ENDOWMENT FUNDS WILL BE USED FOR ONGOING FUNDING OF THE EDUCATIONAL PROGRAMS OF THE OCEAN INSTITUTE. 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 -153,786. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 153,786. CORE 129498 116084 13414 709 82786 MARITIME 318759 137561 181198 27153 246888 448257 253645 194612 27862 329674 357536 -162924 0 0 0 0 0 0 0 0 0 WENDY LEAVELL PRESIDENT & CEO 235747 0 35400 0 0 0 22579 0 284 0 294010 0 0 0 PART 1, 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 1, 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 0 32792 FMV 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 2023. 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 IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 261,661. MANAGEMENT AND GENERAL EXPENSES 217,461. FUNDRAISING EXPENSES 56,324. TOTAL EXPENSES 535,446. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.