Ocean Community Chamber Foundation is located in Westerly, RI. The organization was established in 1998. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Community Chamber Foundation 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 06/2021, Ocean Community Chamber Foundation generated $116.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $173.3k during the year ending 06/2021. While expenses have increased by 9.7% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
PRODUCED AN ATHENA AWARD PROGRAM TO RECOGNIZE THOSE WHO HAVE WORKED TO ADVANCE WOMEN IN BUSINESS AND PROVIDED SMALL SCHOLARSHIPS TO ASPIRING WOMEN ENTERING COLLEGE.
PRODUCED A FIRE ON WATER EVENT THAT DRAWS THOUSANDS TO VISIT THE AREA.
FACILITATED A BEACH CONCERT SERIES TO DRAW VISITORS TO OUR BEACHES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elizabeth Frenette 2nd Vice Chairman | 2 | $0 | |
Bruce Morrow 1st Vice Chairman | 2 | $0 | |
Michael F Benevides Treasurer | 3 | $0 | |
Damato Beth Secretary | 2 | $0 | |
Jenifer Brinton Immediate Past Chair | 2 | $0 | |
Maria Allen Chairman | 4 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $42,326 |
Total Program Service Revenue | $79,243 |
Membership dues | $0 |
Investment income | $424 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | -$5,356 |
Other Revenue | $0 |
Total Revenue | $116,637 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $15,775 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $157,477 |
Total expenses | $173,252 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $123,480 |
Other assets | $0 |
Total assets | $127,173 |
Total liabilities | $39,935 |
Net assets or fund balances | $87,238 |
Over the last fiscal year, we have identified 1 grants that Ocean Community Chamber Foundation has recieved totaling $1,000.
Awarding Organization | Amount |
---|---|
Peter And Deborah Lamm Foundation Boston, MA PURPOSE: GENERAL PURPOSES | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
West Bay Collaborative Inc Warwick, RI | $2,617,303 | $5,710,370 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |
Foundation For Civic Leadership Inc Cambridge, MA | $2,419,879 | $3,718,020 |
Greenwave Organization Corp New Haven, CT | $6,369,033 | $6,204,839 |
Eastern Millwright Regional Council Apprenticeship & Training Fund Framingham, MA | $8,198,256 | $2,598,641 |
Southeastern Massachusetts Ser-Jobs For Progress Inc Fall River, MA | $976,887 | $2,626,536 |
Massachusetts Biotechnology Education Foundation Inc Cambridge, MA | $2,372,031 | $2,337,731 |
Pbs Learning Institute Inc Braintree, MA | $1,893,398 | $2,161,588 |
Cambridge Center For Adult Education Inc Cambridge, MA | $2,957,384 | $1,801,441 |