Ocean Exchange Inc logo

Ocean Exchange Inc

Foundation · Grantmaker Savannah, GA EIN: 27-2691376 Website

To help accelerate the adoption of innovative solutions from start up companies, all in support of healthy oceans, resilient coastlines, and sustainable shipping.

Key facts about Ocean Exchange Inc

EIN
27-2691376
Latest 990 filing
Form 990, 2025

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

—

-100.0% YoY

Revenue

$745K

-22.4% YoY

Net Investment Income

—

Expenses

$254K

-71.5% YoY

How Ocean Exchange Inc gives

  • Giving grew 75% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

About Ocean Exchange Inc

Based on IRS filings

Ocean Exchange Inc is a nonprofit organization focused on Environment & Animals, based in Savannah, GA. IRS filing data is available from 2020 through 2025.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states
+1 more states

Cities

HoustonAlachuaApplo BeachBaton RougeBerkeleyCharlottesvilleMt OliveNew York CityPalo AltoPenningtonPoquosonTenaflyWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K3 grants20203 grants20212 grants20223 grants20233 grants20240 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2025

Grant Size Distribution

11 grants across all recorded years

5<$50K$50–100K6$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M202020212022202320242025
Metric202520242023
Total Assets—$90,583$20,009
Revenue$745,244$960,750$832,362
Expenses$253,734$890,176$882,548
Qualifying Distributions———
Net Investment Income———
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
  6. Added Form 990 for fiscal year 2025 (received by the IRS July 10, 2026)

Leadership & Key People

Officers and directors from IRS filings

Ocean Exchange Inc is led by Millicent Pitts, CEO & Executive Director since 2022 (on filings since 2020); 1 of 14 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Millicent Pitts

    CEO & Executive Director

    CEO & Executive → CEO & Executive Director, 2022

    On filings since 2020

    40 hrs/week

    $75K (2021) → $63K (2025)

  • Angus Littlejohn

    Director

    Chair → Director, 2021

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Ann Carpenter

    Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Cathy J. Sakas

    Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Charles Hinnant

    Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Irene Reynolds Schier

    Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • William Brennan

    Director

    Chairman → Director, 2023

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Bill Malarkey

    Director

    On filings since 2021

    5 hrs/week

    No compensation reported

  • Phil Purcell

    Director

    On filings since 2021

    5 hrs/week

    No compensation reported

  • Dave Sobek

    Director

    On filings since 2023

    5 hrs/week

    No compensation reported

  • Vikram Agrawal

    Director

    On filings since 2023

    5 hrs/week

    No compensation reported

  • Vittorio Lacagnina

    Director

    On filings since 2023

    5 hrs/week

    No compensation reported

  • Bill Merz

    Director

    On filings since 2024

    5 hrs/week

    No compensation reported

  • Brian Sorensen

    Director

    On filings since 2024

    5 hrs/week

    No compensation reported

Former officers (8)
  • Former: Jud Hill (2020–2023) — Director
  • Former: Phil Beierl (2020–2023) — Director
  • Former: Roger Strevens (2020–2023) — Director
  • Former: Christopher Mackin (2021–2023) — Director
  • Former: Anshul Tuteja (2022–2023) — Director
  • Former: Patrik Dahlgren (2021) — Director
  • Former: Ira P. Berman (2020) — Director
  • Former: Kelly Skidmore (2020) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Millicent Pitts — CEO/Executive Direct: $63KMillicent PittsCEO/Executive Direct$63K

Frequently asked questions about Ocean Exchange Inc

What is Ocean Exchange Inc?

Ocean Exchange Inc is a nonprofit organization focused on Environment & Animals, based in Savannah, GA. It holds — in total assets as of 2025.

Where does Ocean Exchange Inc operate?

Ocean Exchange Inc has awarded grants in California, District of Columbia, Florida, Louisiana, North Carolina, New Jersey, New York, Texas, Virginia.

What is Ocean Exchange Inc's EIN?

Ocean Exchange Inc's EIN (Employer Identification Number) is 27-2691376. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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