Ocean Mokum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEST PALM BEACH, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 3 grants totaling $255K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+4.7% YoY
Annual Giving
$255K
-94.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$85K
-94.8% YoY
Under IRS private-foundation payout rules, Ocean Mokum Foundation reported a distributable amount of $143K for 2024 — the minimum it must pay out in qualifying distributions.
About Ocean Mokum Foundation
Based on IRS filings
Ocean Mokum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEST PALM BEACH, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 3 grants totaling $255K. Net investment income was $7K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,541,355 | $2,426,190 | $13,937,806 |
| Revenue | $427,093 | $4,865,283 | $500,000 |
| Expenses | $374,328 | $5,052,988 | $588,198 |
| Qualifying Distributions | $374,247 | $4,984,622 | $470,000 |
| Net Investment Income | $7,095 | $789,197 | — |
| Distributable Amount | $143,187 | $1,585,802 | $1,504,924 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Innoceana ($200,000), Bimini Biological Field Station Foundation Aka Shark Lab ($40,000), Act of Connecticut ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BIMINI BIOLOGICAL FIELD STATION FOUNDATION AKA SHARK LAB HOLLYWOOD, FL | TO SUPPORT FOUR SPECIFIC PROJECTS | $40,000 |
| INNOCEANA | TO SUPPORT VARIOUS PROJECTS | $200,000 |
| ACT OF CONNECTICUT RIDGEFIELD, CT | TO SUPPORT VARIOUS PROJECTS | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT WEXLER | DIRECTOR/VICE PRESIDENT/SECRETARY | 0.25 | — |
| TEA ZEGARAC-POLLOCK | DIRECTOR/PRESIDENT/TREASURER | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ocean Mokum Foundation?
Ocean Mokum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEST PALM BEACH, FL. It holds $2.5M in total assets as of 2024.
How large is Ocean Mokum Foundation?
As of 2024, Ocean Mokum Foundation holds $2.5M in total assets with $427K in annual revenue. It awarded 3 grants totaling $255K in 2024.
Where does Ocean Mokum Foundation operate?
Ocean Mokum Foundation has awarded grants in Connecticut, Florida.
What size grants does Ocean Mokum Foundation award?
In 2024, Ocean Mokum Foundation awarded 3 grants totaling $255K — an average of about $85K per grant, based on its IRS Form 990 filings.
How much is Ocean Mokum Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ocean Mokum Foundation reported a distributable amount of $143K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ocean Mokum Foundation's EIN?
Ocean Mokum Foundation's EIN (Employer Identification Number) is 87-2996068. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Ocean Mokum Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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