Annual Report
See What Your Support Made Possible
Before you view the Annual Report, take a moment to view KLM’s pictorial Year in Review, a visual snapshot of the impact your generosity created in Loreto.
Year in Review
From habitat restoration and water protection to community action and education, our Year-In-Review highlights the true story of how your donations were put to work.
Annual Report
Here you will find the Annual Report of Keep Loreto Magical’s fiscal sponsor, The Ocean Foundation.
The report covers TOF’s fiscal year starting July 1st and ending June 30th of the following year.
Giving with Confidence
Keep Loreto Magical (KLM) is a project of The Ocean Foundation (TOF), a 501(c)(3) organization based in Washington, DC, USA, with the highest rating on Charity Navigator and a recipient of Guidestar’s Candid Platinum Seal of Transparency, which means our donors can “Give with Confidence.”
We are Funded Primarily through Contributions
Since 2017, the Noche Magica Gala & Auction has been our primary fundraising event and comprises a material share of our annual budget. During the Gala, we auction various non-financial contributions in goods and labor, including generous donations of unique ecotourism experiences, art, and auction items, that are an invaluable source of support for our work to keep Loreto magical.
We also benefit from individual and corporate cash donations, grants, and legacy gifts. We are grateful that The Ocean Foundation’s 501(c)(3) charitable status reduces the cost burden for many of our donors, regardless of whether contributions are made through the KLM or TOF websites, donated in person, or donated in connection with our fund-raising events.
We Prioritize Program Funding
Keep Loreto Magical projects are accomplished with a combination of contractor staff and special studies commissioned by legal and scientific research specialists. Both are enhanced and supported by many volunteer hours and other in-kind services.
Each fiscal year (July 1 through June 30) a work-program is developed for Keep Loreto Magical and approved by both its Advisory Committee and The Ocean Foundation. This work-program defines project milestones and guides the expenditure of funds throughout the year, as detailed in our annual financial disclosures. Our donors can be confident that their donations directly and significantly impact the people and programs we all care about because KLM’s Staff and Advisory Committee consistently strive to minimize overhead cost and maximize program investment.