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American Friends of The Ocean Cleanup, Foundation

American Friends of The Ocean Cleanup, Foundation

New York, NY 10017
Tax ID81-5132355

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About this organization

Revenue

$2,625,278

Expenses

$2,095,133

Mission

The Ocean Cleanup, a non-profit organization, is developing and scaling technologies to rid the world’s oceans of plastic.

About

The Ocean Cleanup is a non-profit organization developing and scaling technologies to rid the oceans of plastic. To achieve this objective, we have to work on a combination of closing the sources of plastic pollution and cleaning up what has already accumulated in the ocean and doesn’t go away by itself. This goal means we plan to put ourselves out of business – once we have completed this project, our work is done. At 16 years of age, Boyan Slat saw more plastic bags than fish when scuba diving in Greece. He thought: “Why can’t we just clean this up?” This question led him to research the plastic pollution problem for a school project. He learned about plastic accumulating in five large oceanic gyres, the largest one being the Great Pacific Garbage Patch. In 2012, Boyan Slat held a TedX talk about how to rid the world’s oceans of plastic using technology. The video went viral, and the momentum that followed allowed him to drop out of school and found The Ocean Cleanup. After many years of research, development, testing, and iteration, The Ocean Cleanup now has technologies to intercept plastic in rivers before it reaches the ocean, and technologies to remove the plastic that is already out there—debris that has been building up for decades. OCEAN SYSTEMS Plastic, once trapped in a gyre, will slowly break down, fragmenting into pieces called microplastics. Microplastic debris (< 5mm) is not only more challenging to clean up but is also easily mistaken for food by marine life. The time to clean up is now. The ocean garbage patches are massive. To effectively clean an area of such magnitude, a calculated and energy-efficient solution is required. With a relative speed difference maintained between the cleanup system and the plastic, we can concentrate the plastic for extraction. Learn more about our ocean technology and System 002, our current ocean system iteration. The harvested plastic will be brought back to shore for recycling. We have made our very first product – The Ocean Cleanup Sunglasses – using the catch of System 001/B in 2019. Going forward, we do not intend to make our own products, but partner with companies who will use our ocean plastic in their products. INTERCEPTORS™ 1000 rivers, or 1% of the world’s rivers, account for 80% of the plastic flowing into the oceans from land. We have developed a toolkit of Interceptors to tackle these rivers. Together with corporations, governments and individuals globally, we plan on tackling 1000 of the most polluted rivers with our technology, knowledge, experience, and network. The Ocean Cleanup is a project; our goal is to reach a 90% reduction of floating ocean plastic by 2040. To see all cleanup systems deployed, visit our Dashboard.

Interesting data from their 2019 990 filing

The purpose of the non-profit is outlined in the filing as “To preserve and protect the natural ocean environment for the benefit of the public.”.

When discussing its operations, they were defined as: “To preserve and protect the natural ocean environment for the benefit of the public.”.

  • The state where the non-profit operates has been legally reported as CA.
  • The filing indicates that the non-profit's address in 2019 is located at 8 WEST 40TH STREET 12TH FLOOR, NEW YORK, NY, 10018.
  • The non-profit has reported 0 employees on their form as of 2019.
  • Is not a private foundation.
  • Expenses are less than $100,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $530,145.
  • The organization has 3 independent voting members.
  • The organization was formed in 2017.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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