Ocean Park Association
- Assets
- $3.4m
- Revenue
- $693.1k
- Investments
- $0.0
- Employees
- 28
- Location
- Ocean Park, ME
- Founding
- 09/1945
- Data as of
- 12/2022
- EIN
- 01-0223014
Organization Overview
Ocean Park Association is located in Ocean Park, ME. The organization was established in 1945. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Ocean Park Association employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Park Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ocean Park Association generated $693.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $701.5k during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT A SUMMER ASSEMBLY IN THE CHAUTAUQUA TRADITION. THE PURPOSE OF THE OCEAN PARK ASSOCIATION IS TO AFFIRM THE TRADITIONS AND SPIRITUAL HERITAGE OF WHICH WE ARE HEIRS, THROUGH A SUMMER ASSEMBLY PROGRAM WHERE CHRISTIAN WORSHIP, PRINCIPLES AND IDEALS ARE AT THE FOCUS; WHERE DIVERSITY IS CELEBRATED AND DIGNITY OF ALL IS EMBRACED AND RESPECTED; WHERE THE NATURAL BEAUTY OF OUR SEASIDE RESORT IS CONSERVED AND ENHANCED; AND WHERE PROGRAMS CENTERED ON RELIGION, EDUCATION, RECREATION AND CULTURE PROVIDE OPPORTUNITIES FOR INDIVIDUAL GROWTH AND FAMILY ENRICHMENT.
Describe the Organization's Program Activity:
RELIGIOUS, CULTURAL, AND EDUCATIONAL ACTIVITIES: THE 2022 SUMMER SESSION INCLUDED THE FOLLOWING ACTIVITIES CONSISTENT WITH THE CHAUTAUQUA MODEL: WORSHIP SERVICES, BIBLE STUDY AND DISCUSSION, CHOIR, CONCERTS, CLASSES, PRESENTATIONS, FILM AND BOOK DISCUSSION GROUPS.
EDUCATIONAL BUREAU CONTRIBUTION FOR RENOVATIONS TO MAINTAIN PROGRAMMING IN OCEAN PARK.
POST OFFICE: UNDER CONTRACT WITH THE UNITED STATES POSTAL SERVICE, YEAR- ROUND POSTAL SERVICES ARE PROVIDED TO THE OCEAN PARK COMMUNITY.
RECREATIONAL ACTIVITIES: THE 2022 SUMMER SESSION INCLUDED THE FOLLOWING ACTIVITIES CONSISTENT WITH THE CHAUTAUQUA MODEL: TENNIS, SHUFFLEBOARD, EXERCISE, YOUTH DROP-IN CENTER, AND YOUTH DANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard Gosselin Executive Di | Officer | 40 | $81,000 |
Levon Akoghianian Director | Trustee | 2 | $0 |
Cynthia Benedict Vice Preside | OfficerTrustee | 2 | $0 |
Robert Drake President | OfficerTrustee | 2 | $0 |
Bill Holt Treasurer | OfficerTrustee | 2 | $0 |
Kate Howe Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,307 |
| Total Program Service Revenue | $129,934 |
| Investment income | $52,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,034 |
| Net Gain/Loss on Asset Sales | $32,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,754 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $693,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,580 |
| Compensation of current officers, directors, key employees. | $44,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,331 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,316 |
| Fees for services: Other | $11,685 |
| Advertising and promotion | $0 |
| Office expenses | $38,519 |
| Information technology | $9,759 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,126 |
| Insurance | $25,289 |
| All other expenses | $17,571 |
| Total functional expenses | $701,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,145 |
| Savings and temporary cash investments | $95,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,067,902 |
| Investments—publicly traded securities | $1,092,422 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,350,185 |
| Accounts payable and accrued expenses | $25,175 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,175 |
| Net assets without donor restrictions | $2,407,094 |
| Net assets with donor restrictions | $917,916 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,350,185 |