Ocean Mokum Foundation

Foundation · Grantmaker West Palm Beach, FL EIN: 87-2996068

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.

Key facts about Ocean Mokum Foundation

EIN: 87-2996068
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $255,000
Grants made (2024): 3
Average grant: $85,000
Median grant: $40,000
Total assets: $2,541,355
Primary geography: Florida (16% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Ocean Mokum Foundation funds

By grant dollars, the top recipient states for Ocean Mokum Foundation's 3 itemized 2024 grants were Florida (16%) and Connecticut (6%). None of its 3 grants with a stated purpose were described as general or operating support.

How Ocean Mokum Foundation gives

In 2024 it paid out 261% of its IRS minimum distribution (the 5% rule). Method

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

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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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $40K (16%)

Connecticut $15K (6%)

All other $200K (78%)

Share of all 3 itemized 2024 grant dollars.

States

Connecticut Florida

Cities

HollywoodNew LondonRidgefield

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2021–2024

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 recipients include Innoceana ($200,000), Bimini Biological Field Station Foundation Aka Shark Lab ($40,000), Act of Connecticut ($15,000).

Recipient	Purpose	Amount
INNOCEANA	TO SUPPORT VARIOUS PROJECTS	$200,000
BIMINI BIOLOGICAL FIELD STATION FOUNDATION AKA SHARK LAB Hollywood, FL	TO SUPPORT FOUR SPECIFIC PROJECTS	$40,000
ACT OF CONNECTICUT Ridgefield, CT	TO SUPPORT VARIOUS PROJECTS	$15,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS 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

Philanthropy, Voluntarism & Grantmaking

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.