Ocean City Tabernacle Assoc
- Assets
- $13.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 62
- Location
- Ocean City, NJ
- Founding
- 01/1946
- Data as of
- 12/2022
- EIN
- 21-0738420
Organization Overview
Ocean City Tabernacle Assoc is located in Ocean City, NJ. The organization was established in 1946. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Ocean City Tabernacle Assoc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean City Tabernacle Assoc 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 City Tabernacle Assoc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A FAMILY MINISTRY CENTER WHERE THE GOSPEL OF JESUS CHRIST IS CENTRAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER WORSHIP SERVICES INCLUDING CHILDREN'S CHURCH, BIBLE STUDIES AND NURSERY CARE DURING SERVICES, AS WELL AS CONCERTS BY CHRISTIAN ARTISTS.
YOUTH MINISTRIES INCLUDING OPERATION OF AN AFTER-SCHOOL PROGRAM WITH BIBLE STUDIES, TUTORING AND GAMES, A CHRIST-CENTERED PRE-SCHOOL PROGRAM, VACATION BIBLE SCHOOL, AND PROVISION OF ACCOMODATIONS FOR CHRISTIAN YOUTH RETREATS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Halliday Vice Chair (part Year), Chair | OfficerTrustee | 7 | $0 |
Virginia Weber Chair (part Year), Vice Chair | OfficerTrustee | 1 | $0 |
Laurel Sarian Trustee (part Year), Secretary | OfficerTrustee | 0.5 | $0 |
Robert Hunter Treasurer | OfficerTrustee | 1 | $0 |
Joseph Dipaolo Secretary (part Year), Trustee | OfficerTrustee | 0.5 | $0 |
John Mirenda Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ws Cumby Construction Construction Services | 12/30/22 | $1,575,092 |
Spinnaker Media Solutions Inc Av System Installation Services | 12/30/22 | $330,522 |
Series Llc Construction Services | 12/30/22 | $182,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,576,896 |
| Noncash contributions included in lines 1a–1f | $468 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,630,074 |
| Total Program Service Revenue | $105,600 |
| Investment income | $209,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,979 |
| Net Gain/Loss on Asset Sales | $265,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$52 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,209,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,723 |
| Compensation of current officers, directors, key employees. | $53,488 |
| Compensation to disqualified persons | $25,120 |
| Other salaries and wages | $516,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,913 |
| Payroll taxes | $72,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,398 |
| Fees for services: Accounting | $20,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,811 |
| Fees for services: Other | $271,473 |
| Advertising and promotion | $56,446 |
| Office expenses | $21,943 |
| Information technology | $24,678 |
| Royalties | $0 |
| Occupancy | $185,811 |
| Travel | $58,024 |
| 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 | $294,538 |
| Insurance | $42,504 |
| All other expenses | $20,600 |
| Total functional expenses | $1,999,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,100 |
| Savings and temporary cash investments | $2,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,091 |
| 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 | $71,451 |
| Net Land, buildings, and equipment | $6,474,729 |
| Investments—publicly traded securities | $6,381,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,000,361 |
| Accounts payable and accrued expenses | $82,791 |
| Grants payable | $0 |
| Deferred revenue | $25,792 |
| 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 | $22,282 |
| Total liabilities | $130,865 |
| Net assets without donor restrictions | $11,366,495 |
| Net assets with donor restrictions | $1,503,001 |
| 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 | $13,000,361 |