Ocean Blue Project Inc

EIN: 753022057 501(c)(3) Youth Development

Corvallis, OR

Total Revenue
$536,454
Total Expenses
$262,763
Total Assets
$663,347
Net Assets
$503,545
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
OR
Tax Period
2024-01-01 to 2024-12-31

Ocean Blue Project Inc, founded in 2018, is a small nonprofit in the Youth Development sector that reported $536K in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $274K, a strong 51% operating margin.

Mission

Ocean Blue Project is a grassroots environmental charitable organization with a Mission to protect the health of humans, our One World Ocean, beaches, and rivers through collaborative community driven plastic pollution relief, service learning projects, scientific research, and youth education

Program Service Accomplishments

Program 1
Expenses: $183,435 Revenue: $530,960

Create a CleanUp Program Report Our incredible team of 23 CleanUp Crew Leaders has brought communities together nationwide, organizing a total of 377 dedicated volunteers across eight of our 15...

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Create a CleanUp Program Report Our incredible team of 23 CleanUp Crew Leaders has brought communities together nationwide, organizing a total of 377 dedicated volunteers across eight of our 15 active states (CA, FL, SC, OR, WA, CO, MA, and ME) for local cleanup efforts. Through their enthusiasm and steadfast commitment, these teams collectively removed an impressive 189,240 pounds of plastic and debris from beaches, rivers, and waterways. Blue Schools Program Report Ocean Blue has cleaned up over 1.6 million pounds of plastic and debris to date Plastic Disaster Relief Program Report Throughout 2024, the Plastic Disaster Relief Program yielded significant results, including the removal of 792,700 pounds of debris from the Chesapeake Bay area. This region accounted for an important share of the total pounds removed in 2024, contributing substantially to our long-term goals of plastic and debris mitigation. While our Create a Cleanup program continues to mobilize volunteers across the U.S., much of the Chesapeake Bay area's success came through the relentless efforts of our Ocean Blue team. These efforts require specialized resources, including equipment and dedicated personnel to manage on-ground and in-water cleanup operations.

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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 (2024)

Revenue Breakdown

Contributions & Grants $535,518
Program Service Revenue $0
Investment Income $627
Other Revenue $309
TOTAL REVENUE $536,454

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,162
Fundraising Expenses $50,552
Program Expenses $183,435
Other Expenses $243,601
TOTAL EXPENSES $262,763

Year-over-Year Comparison

2024 2023 Change
Revenue $536,454 $256,342 +1.1%
Expenses $262,763 $94,270 +1.8%
Net Income $273,691 $162,072 +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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
9
$15,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Arterbury Executive Dir. 40.00
Director
$15,000 $0 $15,000
Karisa Arterbury Director 0.00
Director
$0 $0 $0
Jenne Bristow Secretary 0.00
Director
$0 $0 $0
Hima Bindu Sadashiva Reddy Trustee 0.00
Director
$0 $0 $0
Liam Granucci Trustee 0.00
Director
$0 $0 $0
Jennifer Jeck Trustee 0.00
Director
$0 $0 $0
Jaime Poole Trustee 0.00
Director
$0 $0 $0
Florian Brinda Trustee 0.00
Director
$0 $0 $0
Serena Rutledge Trustee 0.00
Director
$0 $0 $0
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 $536,454 $262,763 $663,347 $273,691
2023 $256,342 $94,270 $161,519 $162,072
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