WALTER MUNK FOUNDATION FOR THE OCEANS

EIN: 823477332 501(c)(3) Environment

LA JOLLA, CA

Total Revenue
$693,038
Total Expenses
$692,675
Total Assets
$129,908
Net Assets
$128,067
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
MARY MUNK
Phone
6198400250
Tax Period
2024-01-01 to 2024-12-31

WALTER MUNK FOUNDATION FOR THE OCEANS, founded in 2018, is a small nonprofit in the Environment sector that reported $693K in total revenue in fiscal year 2024.

Mission

MISSION IS TO CONTINUE WALTER MUNK'S LEGACY OF DARING EXPLORATION AND DISCOVERY THROUGH SCIENTIFIC RESEARCH, EDUCATION, AND OCEAN CONSERVATION.

Program Service Accomplishments

Program 1
Expenses: $195,655 Revenue: $19,442

THE WALTER MUNK FOUNDATION FOR THE OCEANS CONTINUES WALTER MUNK'S LEGACY OF DARING EXPLORATION AND DISCOVERY THROUGH SCIENTIFIC RESEARCH, EDUCATION AND OCEAN CONSERVATION WITH FOCUS ON INSPRING...

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THE WALTER MUNK FOUNDATION FOR THE OCEANS CONTINUES WALTER MUNK'S LEGACY OF DARING EXPLORATION AND DISCOVERY THROUGH SCIENTIFIC RESEARCH, EDUCATION AND OCEAN CONSERVATION WITH FOCUS ON INSPRING STEWARDSHIP THROUGH A VARIETY OF ACTIVITIES: - WALTER MUNK EDUCATIONAL PLAZA, LOCATED IN KELLOGG PARK (LA JOLLA SHORES), FEATURES THE MAP OF THE GRAND CANYONS OF LA JOLLA, A 2,434 SQ. FT. LITHOMOSAIC EDUCATIONAL TOOL DEPICTING THE UNDERWATER PARK AND ECOLOGICAL RESERVES OFFSHORE, ILLUSTRATING 123 LOCAL LIFE-SIZED SPECIES; MARINE PROTECTED AREAS; LOCAL DIVE SITES AND FEATURES; TIDEPOOLS; EDUCATIONAL PANELS. THE FOUNDATION HOSTS MEET ME AT THE MAP, DOCENT, AND BEACH CLEAN-UP PROGRAMS.- WE PROVIDE FIELD TRIPS TO THE MAP (OCEAN) FOR STUDENTS FROM THE SAN DIEGO'S UNDERSERVED COMMUNITIES APPROXIMATELY 80% HAVE NEVER BEEN TO THE OCEAN!- WE HOST AN ANNUAL WALTER MUNK DAY ~ CELEBRATE OUR OCEANS EVENT TO RAISE AWARENESS OF THE FRAGILITY OF THE OCEANS AND OUR ENVIRONMENT AND INSPIRE STEWARDSHIP. IT INCLUDES 30+ EXHIBITORS WITH INTERACTIVE EDUCATIONAL OCEAN-RELATED ACTIVITIES FOR CHILDREN OF ALL AGES.

Program 2
Expenses: $255,562

WALTER MUNK VISITED ALTAUSSEE, AUSTRIA IN AUGUST 2018 TO ARRANGE FOR AN EXPEDITION TO STUDY LAKE ALTAUSSEE IN THE SPRING OF 2019. IT WAS HIS WAY OF GIVING BACK TO HIS BOYHOOD COMMUNITY HE LOVED, BY...

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WALTER MUNK VISITED ALTAUSSEE, AUSTRIA IN AUGUST 2018 TO ARRANGE FOR AN EXPEDITION TO STUDY LAKE ALTAUSSEE IN THE SPRING OF 2019. IT WAS HIS WAY OF GIVING BACK TO HIS BOYHOOD COMMUNITY HE LOVED, BY PROVIDING INFORMATION ON THE LAKE THAT WOULD ALLOW THE COMMUNITY TO PRESERVE ITS PRISTINE ALPINE TREASURE. IT WAS A MULTI-DISCIPLINARY RESEARCH EFFORT TO OBTAIN A BETTER SCIENTIC UNDERSTANDING OF LAKE ALTAUSSEE IN TERMS OF ITS CULTURAL, ECOLOGICAL, AND GEOLOGICAL SIGNICANCE. OVER THE PAST FOUR YEARS, THE STUDY HAS EXPANDED TO INCLUDE 28 SCIENTISTS, RESEARCHERS, PHD AND MASTERS STUDENTS. ERWIN HEINE, PH.D., UNIVERSITY OF NATURAL RESOURCES AND APPLIED LIFE SCIENCE IN VIENNA IS THE PI FOR THE EXPEDITIONS. DIMITRI DEHEYN, PH.D., FROM SCRIPPS INSTITUTION OF OCEANOGRAPHY JOINED US TO WORK WITH THE LOCAL HIGH SCHOOL STUDENTS TO FURTHER HIS STUDY OF PLASTICS AND THEIR IMPACT IN THE LAKE AND THE SURROUNDING AREA. WE ARE ARRANGING A STUDENT EXCHANGE PROGRAM THAT WILL PROVIDE AN OPPORTUNITY FOR INTERNSHIPS IN DIMITRI DEHEYN'S LAB AT SCRIPPS.

Program 3
Expenses: $8,077

WMFO SUPPORTS CONSERVATION EFFORTS FOR THE MOBULA MUNKIANA, WALTER'S NAMESAKE, THE SMALLEST OF THE MANTA RAYS, FOUND IN WARM AND TEMPERATE SEAS. IT IS CONSIDERED VULNERABLE DUE TO FISHING BYCATCH...

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WMFO SUPPORTS CONSERVATION EFFORTS FOR THE MOBULA MUNKIANA, WALTER'S NAMESAKE, THE SMALLEST OF THE MANTA RAYS, FOUND IN WARM AND TEMPERATE SEAS. IT IS CONSIDERED VULNERABLE DUE TO FISHING BYCATCH PRESSURE AND HABITAT LOSS. THE FOUNDATION SUPPORTS SCIENTISTS AND ORGANIZATIONS CONDUCTING MOBULA MUNKIANA RESEARCH, CONSERVATION AND EDUCATION ACTIVITIES. THE GOAL IS TO FIND EFFECTIVE CONSERVATION MEASURES TO PROTECT CRITICAL HABITAT.

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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 $673,597
Program Service Revenue $19,441
Investment Income $0
Other Revenue $0
TOTAL REVENUE $693,038

Expense Breakdown

Grants Paid $3,900
Salaries & Benefits $82,104
Fundraising Expenses $13,538
Program Expenses $459,294
Other Expenses $606,671
TOTAL EXPENSES $692,675

Year-over-Year Comparison

2024 2023 Change
Revenue $693,038 $699,935 0.0%
Expenses $692,675 $658,727 +0.1%
Net Income $363 $41,208 -1.0%
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
9
Independent Members
9
Employees
4
Volunteers
375

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULA SELBY TREASURER 5.00
Officer Director
$0 $0 $0
PHILIP MCGILLIVARY SECRETARY 5.00
Officer Director
$0 $0 $0
MARY MUNK PRESIDENT 60.00
Officer Director
$0 $0 $0
PATRICIA COWETT TO 9424 BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE ORBELIAN BOARD MEMBER 2.00
Director
$0 $0 $0
DIMITRI DEHEYN BOARD MEMBER 5.00
Director
$0 $0 $0
CHRIS VERLINDEN BOARD MEMBER 3.00
Director
$0 $0 $0
BROOK DARSHANA TO 12524 BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS STEININGER TO 11524 BOARD MEMBER 2.00
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 $693,038 $692,675 $129,908 $363
2023 $699,935 $658,727 $144,181 $41,208
2022 $677,777 $607,651 $102,433 $70,126
2021 $746,186 $743,439 $17,119 $2,747
2021 $746,186 $653,148 $107,410 $93,038
2020 $340,964 $352,732 $60,786 $-11,768
2019 $423,133 $389,087 $72,554 $34,046
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