Ocean Exchange Inc
To help accelerate the adoption of innovative solutions from start up companies, all in support of healthy oceans, resilient coastlines, and sustainable shipping.
Ocean Exchange Inc at a glance
- Revenue (2025)
- $745,244
- -22.4% vs 2024
- Expenses (2025)
- $253,734
- -71.5% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Ocean Exchange Inc funds
How this funder distributes its grants
Grant Size Distribution
11 grants across all recorded years
The most common grant size was in the $100–250K range: 6 grants of 11 (55%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Ocean Exchange Inc gives
- Giving grew 75% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $110K (2022) to $210K (2024). In 2024 it made 3 grants totaling $210K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Phoenix Waste Baton Rouge, LA | Ocean Conservation | $100,000 |
| Carbon Bridge New York City, NY | Ocean Conservation | $100,000 |
| Ceretune Mt Olive, NC | Ocean Conservation | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | — | $745,244 | $253,734 | — | — |
| 2024 | $90,583 | $960,750 | $890,176 | $210,000 | 3 |
| 2023 | $20,009 | $832,362 | $882,548 | $210,000 | 3 |
| 2022 | $70,196 | $811,877 | $867,554 | $110,000 | 2 |
| 2021 | $125,873 | $481,774 | $462,325 | $120,000 | 3 |
| 2020 | $106,424 | $335,500 | $246,704 | $210,000 | 3 |
About Ocean Exchange Inc
Based on IRS filings
Ocean Exchange Inc is a public charity focused on Environment & Animals, based in Savannah, GA. IRS filing data is available from 2020 through 2025.
Focus Areas
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
The highest reported compensation on the 2025 filing was $63K, to Millicent Pitts (CEO/Executive Direct).
Frequently asked questions about Ocean Exchange Inc
What is Ocean Exchange Inc?
Ocean Exchange Inc is a public charity focused on Environment & Animals, based in Savannah, GA.
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.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS July 10, 2026)
Live grants for the work Ocean Exchange Inc funds
Environment & Animals Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Ocean Exchange Inc's focus areas in our free grants database
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Ocean Exchange Inc down — hundreds of funders to go?