GUY HARVEY OCEAN FUND INC

EIN: 261710999 501(c)(3) Environment

FORT LAUDERDALE, FL

Total Revenue
$2,909,551
Total Expenses
$3,873,799
Total Assets
$1,817,543
Net Assets
$77,090
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
FL
Principal Officer
JESSICA HARVEY
Phone
8002881227
Tax Period
2023-01-01 to 2023-12-31

GUY HARVEY OCEAN FUND INC, founded in 2008, is a community nonprofit in the Environment sector that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.9M exceeded revenue, resulting in a 33% operating deficit.

Mission

THE GUY HARVEY FOUNDATION (GHF) COLLABORATES WITH LOCAL AND INTERNATIONAL ORGANIZATIONS TO CONDUCT SCIENTIFIC RESEARCH AND HOST EDUCATIONAL PROGRAMS AIMED AT BETTER UNDERSTANDING, AND CONSERVING, THE OCEAN ENVIRONMENT. (CONTINUED ON SCHEDULE O) THE GHF ALSO FUNDS INSPIRED SCIENTIFIC RESEARCH AND INNOVATIVE EDUCATIONAL PROGRAMS DEVELOPED BY UNIVERSITIES, COLLEGES, INSTITUTES, AND NONPROFIT ORGANIZATIONS THAT PROMISE TO BRING NEW IDEAS AND INITIATIVES TO MARINE CONSERVATION AND THAT ENCOURAGE CONSERVATIONS AND BEST MANAGEMENT PRACTICE FOR SUSTAINABLE MARINE ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $1,671,579 Revenue: $194,696

SCIENCE AND RESEARCH: THE GUY HARVEY FOUNDATION (GHF) RESEARCH PROGRAMS ARE DEDICATED TO EXPANDING THE SCIENTIFIC KNOWLEDGE NECESSARY FOR EFFECTIVE CONSERVATION OF FISH POPULATIONS AND MAINTENANCE OF...

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SCIENCE AND RESEARCH: THE GUY HARVEY FOUNDATION (GHF) RESEARCH PROGRAMS ARE DEDICATED TO EXPANDING THE SCIENTIFIC KNOWLEDGE NECESSARY FOR EFFECTIVE CONSERVATION OF FISH POPULATIONS AND MAINTENANCE OF FISH BIODIVERSITY. THE HIGH-QUALITY SCIENTIFIC INFORMATION PROVIDED BY GHF IS CRITICAL TO THE UNIVERSALLY RECOGNIZED URGENT NEED TO DEVELOP AND IMPLEMENT EFFECTIVE MEASURES FOR THE CONSERVATION AND ENHANCEMENT OF FISH RESOURCES WORLDWIDE. RESEARCH PROGRAMS INCLUDE: (1) SATELLITE TAGGING SHORTFIN MAKO SHARKS, (2) SATELLITE AND CONVENTIONAL TAGGING DOLPHINFISH IN THE NW ATLANTIC OCEAN, CARIBBEAN SEA, AND EASTERN TROPICAL PACIFIC, (3) TAGGING AND TRACKING BILLFISH IN THE EASTERN TROPICAL PACIFIC OCEAN, AND (4) SATELLITE TAGGING OF WHALE SHARKS OFF THE YUCATN PENINSULA. (CONTINUED ON SCHEDULE O)1. SATELLITE TAGGING SHORTFIN MAKO SHARKS IN THE NW ATLANTIC OCEAN AND WESTERN CARIBBEAN / GULF OF MEXICO. THE GUY HARVEY FOUNDATION AND GUY HARVEY RESEARCH INSTITUTE (GHRI) AT NOVA SOUTHEASTERN UNIVERSITY DEPLOYED FIVE SATELLITE TRACKING TAGS (SPOT TAGS) ON SHORTFIN MAKO SHARKS IN THE NW ATLANTIC OCEAN AND WESTERN CARIBBEAN / GULF OF MEXICO AS PART OF A MULTIYEAR STUDY TO UNDERSTAND THE MIGRATION PATTERNS AND FISHING MORTALITY FOR THIS SPECIES. THIS RESEARCH PROJECT PROVIDED THE FIRST FISHERIES-INDEPENDENT FISHING MORTALITY RATE FOR THIS ECONOMICALLY AND ECOLOGICALLY IMPORTANT SPECIES, WHICH WAS 10 TIMES HIGHER THAN PREVIOUSLY THOUGHT. THIS DISCOVERY LED THE INTERNATIONAL ORGANIZATION THAT MANAGES MAKO SHARKS TO DOWNGRADE THEIR STATUS TO OVERFISHED WITH OVERFISHING OCCURRING. THIS CHANGE OF STATUS, IN TURN, PROMPTED THE U.S. GOVERNMENT (NOAA) TO INCREASE PROTECTIONS FOR MAKO SHARKS IN FEDERAL WATERS, INCLUDING MANDATING THE RELEASE OF LIVE MAKO SHARKS IN THE COMMERCIAL FISHERY AND AN INCREASED MINIMUM SIZE IN THE RECREATIONAL FISHERY.2. SATELLITE AND CONVENTIONAL TAGGING DOLPHINFISH IN THE NW ATLANTIC OCEAN, CARIBBEAN SEA, AND EASTERN TROPICAL PACIFIC. THE FOUNDATION PARTNERED WITH THE DOLPHINFISH RESEARCH PROGRAM TO DEPLOY POP-UP SATELLITE TRACKING TAGS (PSAT TAGS) AND GEOLOCATING TAGS ON ATLANTIC AND PACIFIC DOLPHINFISH AND TO ENGAGE RECREATIONAL ANGLERS IN A TAG AND RECAPTURE CITIZEN SCIENCE STUDY. THIS HIGHLY REPRODUCTIVE FISH HAS LONG BEEN THOUGHT TO BE IMMUNE TO OVERFISHING BUT ANECDOTAL EVIDENCE IS SHOWING A DECLINE IN THE NUMBERS AND SIZE OF DOLPHINFISH AROUND THE WORLD AND SPECIFICALLY IN THE SOUTHEAST UNITED STATES. THE SATELLITE TAGGING STUDY IS HELPING RESEARCHERS BETTER UNDERSTAND THE SEASON MIGRATIONS OF THESE FISH WHILE THE TAG AND RECAPTURE STUDY IS PROVIDING INVALUABLE DATA ABOUT THE INCREDIBLY FAST GROWTH RATE OF THESE FISH AND HOW OFTEN THEY ARE CAUGHT. THESE DATA ARE FUNDAMENTAL TO CONSERVING THIS COMMERCIALLY AND RECREATIONALLY IMPORTANT SPECIES.3. TAGGING AND TRACKING BILLFISH IN THE EASTERN TROPICAL PACIFIC OCEAN. THE FOUNDATION PARTNERED WITH NOVA SOUTHEASTERN UNIVERSITY AND TROPIC STAR LODGE IN PANAMA ON A COMPREHENSIVE STUDY OF THE BILLFISH AND OTHER LARGE VERTEBRATES THAT INHABIT THE EASTERN TROPICAL PACIFIC OCEAN. THIS IS THE FOURTH YEAR OF A FIVE-YEAR STUDY TO DEPLOY SATELLITE POP-UP TAGS AND ACCELEROMETER TAGS ON BLUE MARLIN, BLACK MARLIN, AND SAILFISH TO BETTER UNDERSTAND THEIR MIGRATION PATTERNS AND HOW THESE SPECIES RECOVER FROM THE CATCH AND RELEASE PROCESS. THERE IS A SIGNIFICANT AMOUNT OF COMMERCIAL FISHING IN THIS REGION SO FISHERIES MANAGERS NEED TO KNOW WHERE THESE BILLFISH ARE TRAVELLING. ADDITIONALLY, THE RECREATIONAL FISHERY IS VERY VALUABLE TO THE REGION SO IT IS IMPORTANT TO UNDERSTAND THE EFFECTS THAT THE CATCH AND RELEASE PROCESS HAS ON THESE ANIMALS. DATA COLLECTED FROM THE DEPLOYMENT OF BAITED REMOTE UNDERWATER VIDEO (BRUV) CAMERAS IS IN THE PROCESS OF BEING SCIENTIFICALLY PUBLISHED.4. SATELLITE TAGGING OF WHALE SHARKS OFF THE YUCATN PENINSULA. THE FOUNDATION PARTNERED WITH CH'OOJ AJAUIL AND THE GUY HARVEY RESEARCH INSTITUTE TO DEPLOY SMART POSITION AND TEMPERATURE (SPOT) TRANSMITTING TAGS ON WHALE SHARKS IN A LONG-TERM MOVEMENT ECOLOGY STUDY. WHALE SHARKS ARE A COSMOPOLITAN SPECIES THAT AGGREGATE ANNUALLY IN LARGE NUMBERS OFF MEXICO ATTRACTING NATURALISTS, SCIENTISTS, AND TOURISTS TO THE SITE. WHALE SHARKS ARE THREATENED BY POLLUTION, BOAT STRIKES AND THE SHARK FIN TRADE. THEIR ANNUAL MIGRATION SUPPORTS AN IMPORTANT SEASONAL ECO-TOURISM ATTRACTION AND ALLOWS ABILITY TO STUDY MULTIPLE SHARKS OVER MULTI YEAR PERIODS TO BETTER UNDERSTAND THEIR MIGRATORY BEHAVIOR OUTSIDE OF THE ANNUAL AGGREGATION PERIOD. THEIR TRACKS ARE MADE PUBLICLY AVAILABLE TO SUPPORT EDUCATIONAL AWARENESS OF THIS IMPORTANT SPECIES AND OVERALL AID IN THEIR CONSERVATION.

Program 2
Expenses: $958,350

EDUCATION: THE GUY HARVEY FOUNDATION (GHF) OFFERS SCHOLARSHIPS TO UNIVERSITY STUDENTS STUDYING MARINE SCIENCE AND WORKING TO BECOME FUTURE LEADERS OF OCEAN CONSERVATION. GHF, IN CONJUNCTION WITH THE...

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EDUCATION: THE GUY HARVEY FOUNDATION (GHF) OFFERS SCHOLARSHIPS TO UNIVERSITY STUDENTS STUDYING MARINE SCIENCE AND WORKING TO BECOME FUTURE LEADERS OF OCEAN CONSERVATION. GHF, IN CONJUNCTION WITH THE GUY HARVEY ENDOWED SCHOLARSHIP PROGRAM, OFFERS FOUR (4) 4-YEAR FLORIDA UNIVERSITY PLAN SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS WHO PLAN TO ATTEND NOVA SOUTHEASTERN UNIVERSITY.

Program 3
Expenses: $90,500

THE GUY HARVEY MAGAZINE EDITORIAL FOCUSES ON FISHING, BOATING, ADVENTURE AND ECO-TRAVEL, SCUBA DIVING AND LIVING THE COASTAL LIFESTYLE THROUGH THE LENS OF MARINE CONSERVATION. THE MAGAZINE IS...

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THE GUY HARVEY MAGAZINE EDITORIAL FOCUSES ON FISHING, BOATING, ADVENTURE AND ECO-TRAVEL, SCUBA DIVING AND LIVING THE COASTAL LIFESTYLE THROUGH THE LENS OF MARINE CONSERVATION. THE MAGAZINE IS PUBLISHED QUARTERLY WITH THE FALL EDITION DEDICATED AS THE "EDUCATION ISSUE" WHICH HIGHLIGHTS THE CURRENT GHF EDUCATION INITIATIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,526,721
Program Service Revenue $194,696
Investment Income $0
Other Revenue $188,134
TOTAL REVENUE $2,909,551

Expense Breakdown

Grants Paid $415,702
Salaries & Benefits $948,298
Fundraising Expenses $334,209
Program Expenses $2,720,429
Other Expenses $2,509,799
TOTAL EXPENSES $3,873,799

Year-over-Year Comparison

2023 2022 Change
Revenue $2,909,551 $2,436,061 +0.2%
Expenses $3,873,799 $3,015,242 +0.3%
Net Income $-964,248 $-579,181 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
14
Employees
11
Volunteers
40

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$100,000
Total Directors
18
$100,000
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSICA HARVEY CEO, SECRETARY 41.00
Officer Director
$100,000 $0 $100,000
DR GUY HARVEY FOUNDER & CHAIR EMERITUS 0.50
Director
$0 $0 $0
STEVE RODEN CHAIR 1.00
Officer Director
$0 $0 $0
BOB OSBORN TREASURER 0.50
Director
$0 $0 $0
RODNEY BARRETO DIRECTOR 0.50
Director
$0 $0 $0
ERIC CAREY DIRECTOR (TERM START 5/24/23) 0.50
Director
$0 $0 $0
PAUL CASTRONOVO DIRECTOR 0.50
Director
$0 $0 $0
RICH DAVIES DIRECTOR 0.50
Director
$0 $0 $0
JEFF HARKAVY DIRECTOR 0.50
Director
$0 $0 $0
JIM HILL DIRECTOR (TERM START 5/24/23) 0.50
Director
$0 $0 $0
DEAN KLEVAN DIRECTOR 0.50
Officer Director
$0 $0 $0
ROB KORNAHRENS DIRECTOR 0.50
Director
$0 $0 $0
JODI LEWIS DIRECTOR 0.50
Director
$0 $0 $0
CHRIS PETERSON DIRECTOR 0.50
Director
$0 $0 $0
ROBERT THOMAS DIRECTOR 0.50
Director
$0 $0 $0
JANE WYE DIRECTOR (TERM START 5/24/23) 0.50
Director
$0 $0 $0
RICH ANDREWS DIRECTOR (TERM END 3/15/23) 0.50
Director
$0 $0 $0
GEORGE SCHELLENGER DIRECTOR (TERM END 3/14/23) 0.50
Director
$0 $0 $0
SUSAN CAPONE RODE COO 40.00
Highest
$120,000 $19,211 $139,211
TONYA SHEARER DIR. STRATEGIC PARTNERSHIPS 40.00
Highest
$106,730 $6,394 $113,124
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,909,551 $3,873,799 $1,817,543 $-964,248
2023 No data No data No data No data
2022 $2,436,061 $3,015,242 $2,525,544 $-579,181
2021 $4,598,327 $2,505,738 $3,952,649 $2,092,589
2020 $1,130,322 $1,373,529 $1,744,788 $-243,207
2019 $1,467,285 $1,506,952 $1,891,350 $-39,667
2018 $1,259,459 $998,800 $1,926,825 $260,659
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