OCEAN VISIONS INC

EIN: 842130219 501(c)(3) Science & Technology

LEESBURG, VA

Total Revenue
$8,313,870
Total Expenses
$3,600,559
Total Assets
$9,945,033
Net Assets
$9,760,308
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
GA
Principal Officer
BRAD ACK
Phone
2027669386
Tax Period
2024-01-01 to 2024-12-31

OCEAN VISIONS INC, founded in 2019, is a community nonprofit in the Science & Technology sector that reported $8.3M in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 57% operating margin.

Mission

OCEAN VISIONS DEVELOPS AND ADVANCES SOLUTIONS TO PROTECT AND RESTORE THE OCEAN. WE MOBILIZE AND SUPPORT INVENTORS, SCIENTISTS, POLICY MAKERS AND OTHERS TO INVENT AND ADVANCE INNOVATIVE OCEAN-BASED SOLUTIONS THAT REDUCE STRESSORS, RESTORE OCEAN ECOSYSTEMS, AND REVERSE DISRUPTION. WE FOCUS ON CRITICAL ARENAS OF NEEDED ACTIONS THAT ARE UNDERINVESTED, AND WE CATALYSE EFFORTS TO DEVELOP, TEST, AND ULTIMATELY SCALE INNOVATIONS TO THE MOST PRESSING CHALLENGES TO THE HEALTH OF THE OCEAN.

Program Service Accomplishments

Program 1
Expenses: $3,372,104 Revenue: $0

OCEAN VISIONS IS A SCIENCE-BASED, NOT-FOR-PROFIT CONSERVATION ORGANIZATION. WE WORK WITH AND ACROSS DIVERSE SECTORS AND DISCIPLINES TO IDENTIFY, CO-DESIGN, EVALUATE AND SUPPORT IMPLEMENTATION OF BOLD...

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OCEAN VISIONS IS A SCIENCE-BASED, NOT-FOR-PROFIT CONSERVATION ORGANIZATION. WE WORK WITH AND ACROSS DIVERSE SECTORS AND DISCIPLINES TO IDENTIFY, CO-DESIGN, EVALUATE AND SUPPORT IMPLEMENTATION OF BOLD OCEAN-BASED SOLUTIONS TO COUNTER AND REVERSE DANGEROUS IMPACTS TO THE OCEAN. WE PROVIDE DIVERSE FORMS OF SUPPORT FOR THE DEVELOPMENT, TESTING AND APPLICATION OF SOLUTIONS, AND FOR CREATION OF THE ENABLING SOCIAL AND POLITICAL FRAMEWORKS NEEDED FOR THEIR SUCCESS. OUR WORK IS GROUNDED IN ROBUST SCIENCE, AND WE CONTINUALLY SEEK TO IMPROVE OUR UNDERSTANDING OF THE COMPLEXITY OF THE CHALLENGES.

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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 $8,075,247
Program Service Revenue $0
Investment Income $236,576
Other Revenue $2,047
TOTAL REVENUE $8,313,870

Expense Breakdown

Grants Paid $885,336
Salaries & Benefits $1,781,982
Fundraising Expenses $22,232
Program Expenses $3,372,104
Other Expenses $933,241
TOTAL EXPENSES $3,600,559

Year-over-Year Comparison

2024 2023 Change
Revenue $8,313,870 $3,574,949 +1.3%
Expenses $3,600,559 $2,480,224 +0.5%
Net Income $4,713,311 $1,094,725 +3.3%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
13
Volunteers
5

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
$316,410
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL BUNJE BOARD MEMBER 1.00
Director
$0 $0 $0
EMANUELE DI LORENZO BOARD CHAIR 1.00
Officer Director
$0 $0 $0
NANCY KOWLTON BOARD MEMBER 1.00
Director
$0 $0 $0
FIORENZA MICHELI BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE PULLEN TREASURER 1.00
Officer Director
$0 $0 $0
BRAD ACK CEO 40.00
Officer
$287,333 $29,077 $316,410
DAVID KOWEEK CHIEF SCIENTIST 40.00
Highest
$172,350 $5,703 $178,053
NIKHIL NEELAKANTAN SR PROGRAM OFFICER 40.00
Highest
$119,600 $3,880 $123,480
JESSICA KEITH SR COMMUNICATIONS DIR( FRO 40.00
Highest
$121,264 $4,233 $125,497
COURTNEY MCGEACHY PROGRAM DIRECTOR 40.00
Highest
$142,949 $21,609 $164,558
LEONARDO VALENZUELA PEREZ PROGRAM DIRECTOR 40.00
Highest
$136,355 $16,468 $152,823
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 $8,313,870 $3,600,559 $9,945,033 $4,713,311
2023 $3,574,949 $2,480,224 $5,209,733 $1,094,725
2022 $3,044,937 $1,453,989 $4,025,912 $1,590,948
2021 $957,061 $463,048 $528,145 $494,013
2021 $2,291,104 $413,491 $2,405,679 $1,877,613
2020 $210,896 $176,764 $34,132 $34,132
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