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228 E 45TH ST RM 9E
New York NY 10017-3337
New York NY | IRS ruling year: 2017 | EIN: 81-5132355
TO PRESERVE AND PROTECT THE NATURAL OCEAN ENVIRONMENT FOR THE BENEFIT OF THE PUBLIC.
Ratings are calculated from one or more beacon scores. Currently, we require either an Accountability & Finance beacon or an Impact & Results beacon to be eligible for a Charity Navigator rating. Note: The absence of a rating does not indicate a positive or negative assessment; it only indicates that we have not yet evaluated this organization.
See rating report below to learn why this organization is not currently eligible.
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Ocean Cleanup North Pacific Foundation cannot currently be evaluated by our Accountability & Finance methodology due to only having 2 years of electronically-filed IRS Form 990 data. But please note, that the IRS is significantly delayed in processing nonprofit's annual tax filings. That may mean that this entity has electronically filed additional Forms 990 but they have yet to be processed and made public by the IRS.
To ensure year-to-year consistency the Encompass Rating System's Finance & Accountability beacon analyzes the three-year average of some data provided through the IRS 990.
Charity Navigator currently only has 2 years of consecutive e-filed Forms 990 from the IRS for Ocean Cleanup North Pacific Foundation under the EIN: 81-5132355.
Before Charity Navigator can evaluate Ocean Cleanup North Pacific Foundation, Ocean Cleanup North Pacific Foundation will need to e-file for additional fiscal years.
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This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting
Source: IRS Form 990 (page 7), filing year 2019
Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website
Activities:
Activity data not reported from the IRS
Foundation Status:
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to search for this organization's Forms 990 on the IRS website (if any are available). Simply enter the organization's name (Ocean Cleanup North Pacific Foundation) or EIN (815132355) in the 'Search Term' field.
Not Currently Scored
Ocean Cleanup North Pacific Foundation cannot currently be evaluated by our Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
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Ocean Cleanup North Pacific Foundation reported its largest program on its FY 2019 Form 990 as:
Spent in most recent FY
Percent of program expenses
THE MAIN ACTIVITY CARRIED OUT BY THE FOUNDATION WAS THE ASSEMBLY OF THE FIRST OCEAN CLEANUP SYSTEM FOR DEPLOYMENT IN THE GREAT PACIFIC GARBAGE PATCH. THE SYSTEM WAS LAUNCHED ON SEPTEMBER 8, 2018 FROM ... (More)
THE MAIN ACTIVITY CARRIED OUT BY THE FOUNDATION WAS THE ASSEMBLY OF THE FIRST OCEAN CLEANUP SYSTEM FOR DEPLOYMENT IN THE GREAT PACIFIC GARBAGE PATCH. THE SYSTEM WAS LAUNCHED ON SEPTEMBER 8, 2018 FROM SAN FRANCISCO. THE FOUNDATION IS ALSO RESPONSIBLE FOR SOLICITING DONATIONS IN THE U.S., PRIMARILY TO SUPPORT THE OCEAN CLEANUP INITIATIVE IN THE NORTH PACIFIC, AND ALSO TO SUPPORT THE OCEAN CLEANUP INITIATIVES AROUND THE WORLD IN THE FUTURE. (Less)
Ocean Cleanup North Pacific Foundation cannot currently be evaluated by our Culture & Community methodology because we have not received data from the charity regarding its Constituent Feedback or Equity Practices strategies.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
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Ocean Cleanup North Pacific Foundation cannot currently be evaluated by our Leadership & Adaptability methodology because we have not received data from the charity regarding its leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
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Impact & Results
Accountability & Finance
Culture & Community
Leadership & Adaptability
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