As the only community foundation for the ocean, The Ocean Foundation's mission is to improve global ocean health, climate resilience, and the blue economy. We create partnerships to connect all peoples in the communities in which we work to the informational, technical and financial resources they need to achieve their ocean stewardship goals.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.2M
+27.2% YoY
Revenue
$18.8M
+24.1% YoY
Net Investment Income
$143K
+229.8% YoY
Expenses
$18.8M
+18.1% YoY
About The Ocean Foundation
Based on IRS filings
The Ocean Foundation is a nonprofit organization focused on Environment & Animals, based in WASHINGTON, DC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $23.2M in total assets. Net investment income was $143K.
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 | $23,212,933 | $18,251,302 | $16,715,684 |
| Revenue | $18,847,028 | $15,185,892 | $11,796,534 |
| Expenses | $18,826,931 | $15,947,473 | $11,541,472 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $142,632 | $43,246 | $6,042 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
65 grants across all recorded years
Open Grants
2 open opportunities from The Ocean Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elliot S Cafritz | Chairman | 1 | — |
| Mark J Spalding | President | 40 | $361,013 |
| Olha Krushelnytska | Treasurer | 1 | — |
| Russell F Smith | Secretary | 1 | — |
| Angel E Braestrup | Board Member | 1 | — |
| Thomas Brigandi | Board Member | 1 | — |
| Patrick Flynn | Board Member | 1 | — |
| Joshua Ginsberg | Board Member | 1 | — |
| Rolando Morillo | Board Member | 1 | — |
| Imani Fairweather Morrison | Board Member | 1 | — |
| Lumay Wang Murphy | Board Member | 1 | — |
| Denise Naguib | Board Member | 1 | — |
| Ed Tillinghast III | Board Member | 1 | — |
| Karen Thorne | Board Member | 1 | — |
| Lisa Volgenau | Board Member | 1 | — |
| Shana Miller | Program Director | 40 | $158,237 |
| Tamika Washington | Finance & Operations Director | 40 | $154,515 |
| Kate Morrison | Strategic Partnerships Director | 40 | $150,277 |
| Andrea Capuro | Chief of Program | 40 | $137,200 |
| Bobbi-Jo Dobush | Legal & Ocean Governance Officer | 40 | $129,073 |
| Fernando Bretos | Program Officer | 40 | $126,203 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Assets
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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