The Ocean Foundation
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$18,847,028
Contributions
74%
Government Grants
16%
Program Services
8%
Other
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$18,826,931
Fees to Service Providers
31%
Salaries & Benefits
27%
Grants
23%
Other
15%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$11,924,428
$13,919,015
+17%
Government Grants
$1,628,417
$2,927,596
+80%
Fundraising Events
$0
$0
-
Program Services
$1,429,068
$1,522,138
+7%
Membership Dues
$0
$0
-
Investments
$38,944
$27,668
-29%
Other
$165,035
$450,611
+173%
Total Revenues
$15,185,892
$18,847,028
+24%
Expenses
2023
2024
Change
Grants
$3,514,837
$4,242,241
+21%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,446,144
$5,105,844
+15%
Fees to Service Providers
$5,072,003
$5,842,455
+15%
Advertising & Promotion
$59,199
$102,270
+73%
Offices, Occupancy & IT
$508,146
$584,074
+15%
Interest
$0
$0
-
Depreciation
$27,679
$37,304
+35%
Other
$2,319,465
$2,912,743
+26%
Total Expenses
$15,947,473
$18,826,931
+18%
Net income
2023
2024
Change
Net income
-$761,581
+$20,097
-103%
Functional Expenses
Summary
2023
2024
Change
Program
$13,782,684
$16,641,700
+21%
Admin
$1,164,464
$1,752,977
+51%
Fundraising
$1,000,325
$432,254
-57%
Total Expenses
$15,947,473
$18,826,931
+18%
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