2025-05-09T15:38:01-05:00 2024-12-31 473535842 DAVIS FARR LLP 18201 VON KARMAN AVE SUITE 1100 IRVINE CA 92612 990 2024-01-01 330203488 OCEAN INSTITUTE OCEA 9494962274 24200 DANA POINT HARBOR DRIVE DANA POINT CA 92629 WENDY LEAVELL CEO/PRESIDENT 9494962274 2025-05-09 1 1 TRITIA FOSTER P02164134 9494742020 2024 2025-03-06 01:10:19Z WENDY LEAVELL 24200 DANA POINT HARBOR DRIVE DANA POINT CA 92629 6106471 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. 20 20 88 2697 0 0 2323269 3078352 1886407 2348817 37807 98096 -69925 138203 4177558 5663468 0 0 0 0 2439339 2508168 0 0 284976 2757462 2794206 5196801 5302374 -1019243 361094 14136699 14743578 1227167 1108541 12909532 13635037 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 4082482 2348817 SCHOOL AND PUBLIC LEARNING EXPERIENCE: OCEAN INSTITUTE OFFERS HANDS ON FIELD TRIP AND PUBLIC PROGRAMS THAT IMMERSE STUDENTS IN LEARNING EXPERIENCES BOTH ON LAND AND AT SEA. PROGRAMS TAKE PLACE ON CAMPUS IN OUR LEARNING LABS, ON THE WATER ONBOARD THE R/V SEA EXPLORER AND SPIRIT OF DANA POINT, AND IN OUR LOCAL COASTAL ENVIRONMENT. OCEAN INSTITUTE VALUES ACCESS TO THESE PROGRAMS, MAKING THEM AVAILABLE TO LOCAL AND VISITING SCHOOLS, TITLE 1 SCHOOLS, HOMESCHOOL GROUPS, SCOUT GROUPS, PRIVATE ORGANIZATIONS, FAMILIES, AND INDIVIDUALS. ADDITIONALLY, OUR OCEAN IN MOTION PROGRAMS EXTEND OUR REACH BEYOND OUR CAMPUS, BRINGING THE WONDERS OF THE OCEAN TO STUDENTS WHO MAY NOT BE ABLE TO TRAVEL - THROUGH HOSPITALS, COMMUNITY LIBRARIES, SPECIAL NEEDS CLASSES, AND MORE. 4082482 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 29 0 88 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 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 JAMES COLLIE IV CHAIRMAN 1.00 X X 0 0 0 BRIAN SKELTON VICE CHAIR 1.00 X X 0 0 0 JIM DUNKERLEY TREASURER 1.00 X X 0 0 0 JEANNINE SMITH SECRETARY 1.00 X X 0 0 0 MIKE KILLEBREW DIRECTOR 1.00 X 0 0 0 JENNA KOHNKE GAFFNEY DIRECTOR 1.00 X 0 0 0 STEVE HARRIS DIRECTOR 1.00 X 0 0 0 JIM PHILLIPS DIRECTOR 1.00 X 0 0 0 KEN PETERSON DIRECTOR 1.00 X 0 0 0 DOUG CICIONE DIRECTOR 1.00 X 0 0 0 VIC HAUSMANINGER DIRECTOR 1.00 X 0 0 0 TODD LARSON DIRECTOR 1.00 X 0 0 0 BRYCE CULLINANE DIRECTOR 1.00 X 0 0 0 CLAUDIA WHITE DIRECTOR 1.00 X 0 0 0 JILL TRACY DIRECTOR 1.00 X 0 0 0 KERSTIN WOODS V DIRECTOR 1.00 X 0 0 0 KELLY STEWARD DIRECTOR 1.00 X 0 0 0 LYNDA ZADRA-SYMES DIRECTOR 1.00 X 0 0 0 JIM COBB 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 261260 0 0 261260 0 0 1 0 1 0 DIGITAL INSURANCE LLC 200 GALLERIA PARKWAY SUITE 1950 ATLANTA GA 30339 INSURANCE SERVICES 107120 1 239263 3000 2836089 1086344 3078352 EDUCATIONAL PROGRAM FE 900099 2022936 2022936 EDUCATIONAL CONFERENCE 900099 325881 325881 2348817 98096 98096 166089 239263 331217 -165128 -165128 317019 111786 205233 205233 MISCELLANEOUS REVENUE 900099 98098 98098 98098 5663468 2652148 0 -67032 X 261260 231478 28692 1090 1923997 1704673 211299 8025 162697 144150 17868 679 160214 141951 17595 668 12691 12691 556163 259589 239087 57487 19462 13086 4515 1861 93570 47395 34101 12074 8467 5842 1270 1355 211383 165353 22272 23758 19180 16798 1700 682 25586 17003 6955 1628 943072 655942 210422 76708 488059 336761 73209 78089 PROGRAM SERVICE COSTS 217757 201649 9790 6318 BANKING EXPENSE 88356 67152 14775 6429 MAINTENANCE AND REPAIR 68307 60914 3582 3811 MISCELLANEOUS 24123 6536 15207 2380 18030 6210 9886 1934 5302374 4082482 934916 284976 2740736 1224427 45468 910585 41022 90181 127917 110153 325744 402880 25757297 16611788 9726679 9145509 1053470 2820259 75663 39584 14136699 14743578 256069 199394 392726 371807 500000 495238 78372 42102 1227167 1108541 X 11617694 12512326 1291838 1122711 12909532 13635037 14136699 14743578 361094 64411 300000 0 X X 0 1 X 1 0 X 3562700 4155929 2436104 2323269 3078352 15556354 718318 857352 1502532 1886407 2348817 7313426 148877 80993 165967 245285 317019 958141 4429895 5094274 4104603 4454961 5744188 23827921 1038333 1420000 878500 478475 298033 4113341 1701589 1701589 1038333 1420000 878500 478475 1999622 5814930 18012991 27572 19219 13802 37807 98096 196496 27572 19219 13802 37807 98096 196496 1500 98098 99598 4457467 5113493 4118405 4494268 5940382 24124015 0.74670 0.82140 0.00810 0.00710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 348796 34321 4563 378554 313973 38929 4106 348796 331286 -17313 313973 287133 44153 331286 267894 19239 287133 1 0 22400396 14935527 7464869 676609 636895 39714 2680292 1039366 1640926 9145509 SHORT TERM FINANCE LEASE LIABILITY 33505 LONG TERM FINANCE LEASE LIABILITY 8597 42102 X 5839665 64411 64411 5775254 -111786 -111786 5663468 5414160 111786 111786 5302374 0 5302374 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 -111,786. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 111,786. CORE 178807 170207 8600 16622 40063 MARITIME 226545 69056 157489 23455 251077 405352 239263 166089 40077 291140 331217 -165128 0 0 0 0 0 0 0 0 0 WENDY LEAVELL PRESIDENT & CEO 236260 0 25000 0 0 0 0 0 0 0 261260 0 0 0 X 2 1049990 FMV X SPEAKEASY AUCTION ITEMS 6 68910 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 259,589. MANAGEMENT AND GENERAL EXPENSES 239,087. FUNDRAISING EXPENSES 57,487. TOTAL EXPENSES 556,163. FORM 990, PART XII, LINE 2C THE PROCESS IS SAME AS LAST YEAR.