Ocean Mokum Foundation

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

Ocean Mokum Foundation is a private foundation, 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.

Ocean Mokum Foundation at a glance

In short: Ocean Mokum Foundation gave $255K across 3 grants in 2024 (avg $85K), top state Florida. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$255,000
-94.8% vs 2023
Grants made (2024)
3
+0.0% vs 2023
Average grant
$85,000
-94.8% vs 2023
Median grant
$40,000
Total assets
$2,541,355
+4.7% vs 2023
Primary geography
Florida (16% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

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

Who Ocean Mokum Foundation funds

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Innoceana: $200KInnoceana$200KBimini Biological Field Station Foundation Aka Shark Lab: $40KBimini Biological FieldStation Foundation Aka Shark…$40KAct of Connecticut: $15KAct of Connecticut$15K

The largest 2024 recipient was Innoceana ($200K). Together the top 3 received $255K.

Grant Size Distribution

7 grants across all recorded years

2<$50K$50–100K1$100–250K2$250–500K1$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 2 grants of 7 (29%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

HollywoodNew LondonRidgefield

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.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M0 grants2021 1 grant2022 3 grants2023 3 grants2024

From 2022 to 2024, annual grant giving ranged from $255K (2024) to $4.9M (2023). In 2024 it made 3 grants totaling $255K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Innoceana To Support Various Projects$200,000
Bimini Biological Field Station Foundation Aka Shark Lab Hollywood, FLTo Support Four Specific Projects$40,000
Act of Connecticut Ridgefield, CTTo Support Various Projects$15,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$2,541,355$427,093$374,328$255,0003$374,247$7,095$143,187
2023$2,426,190$4,865,283$5,052,988$4,936,2003$4,984,622$789,197$1,585,802
2022$13,937,806$500,000$588,198$470,0001$470,000—$1,504,924
2021$14,026,004$14,047,000$20,996————$255,086

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.

Leadership & Key People

Officers and directors from IRS filings

Ocean Mokum Foundation is led by Tea Zegarac-Pollock, Director, President & Treasurer on every filing since 2021; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Tea Zegarac-Pollock

    Director, President & Treasurer

    On filings since 2021

    0.3 hrs/week

    No compensation reported

  • Robert Wexler

    Director, Vice President & Secretary

    On filings since 2021

    0.3 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Ocean Mokum Foundation

How much does Ocean Mokum Foundation give each year?

Ocean Mokum Foundation gave $255K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.9M across 3 grants.

What is Ocean Mokum Foundation's typical grant size?

Ocean Mokum Foundation's median grant in 2024 was $40,000, and its average grant was $85,000, across 3 grants on its 2024 IRS Form 990-PF.

Where does Ocean Mokum Foundation give grants?

Ocean Mokum Foundation's top state is Florida, with 16% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was Connecticut (6%).

Does Ocean Mokum Foundation give general operating support?

Not in 2024: none of the 3 grants with a stated purpose on Ocean Mokum Foundation's 2024 IRS Form 990-PF were described as general or operating support.

How large is Ocean Mokum Foundation?

Ocean Mokum Foundation reported $2.5M in total assets on its 2024 IRS Form 990-PF. It paid out $374K in qualifying distributions that year, against a required minimum of $143K (roughly 5% of its investment assets).

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.

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

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Ocean Mokum Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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