Ocean Of Love Inc
- Assets
- $470.2k
- Revenue
- $406.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Toms River, NJ
- Founding
- 06/1989
- Data as of
- 06/2020
- EIN
- 22-2940034
Organization Overview
Ocean Of Love Inc is located in Toms River, NJ. The organization was established in 1989. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2019, Ocean Of Love Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Of Love Inc 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 06/2020, Ocean Of Love Inc generated $406.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $511.5k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT CHILDREN WITH CANCER IN OCEAN COUNTY PROVIDE FINANCIAL ASSISTANCE FOR FOOD, TRANSPORTATION,FAMILY COUNSELING HOUSEHOLD EXPENSES,ART THERAPY, PHYSIO-THERAPY AND OTHER NEEDS FOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE FOR FOOD, TRANSPORTATION,FAMILY COUNSELING HOUSEHOLD EXPENSES,ART THERAPY, PHYSIO-THERAPY AND OTHER NEEDS FOR FAMILIES OF CHILDREN WITH CANCER UNDER AGE 21 IN OCEAN COUNTY, NJ.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Segui Director | Trustee | 40 | $60,075 |
Linda Pascarella Chairman | Trustee | 5 | $0 |
Mike Little 1st Vice Chair | Trustee | 5 | $0 |
Dave Kalinowski Vice Chair | Trustee | 5 | $0 |
Jamie Batzel-Kannheiser Sergeant-At-Arms | Trustee | 5 | $0 |
Jim Dougherty Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,901 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $231,707 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,613 |
| Statement of Expenses | |
|---|---|
| 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. | $62,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,389 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,652 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,868 |
| 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 | $9,333 |
| Insurance | $4,337 |
| All other expenses | $0 |
| Total functional expenses | $511,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,500 |
| 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 |
| Investments—publicly traded securities | $300 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,007 |
| Total assets | $470,230 |
| Accounts payable and accrued expenses | $2,667 |
| 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 | $36,699 |
| Net assets without donor restrictions | $433,531 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $433,531 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ocean Of Love Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Kotzas Fam Charitable Foundation Toms River, NJ PURPOSE: CHARITABLE | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turning Points For Children Philadelphia, PA | $49,075,504 | $61,666,968 |
Family Service League Inc Huntington, NY | $59,056,765 | $58,964,732 |
Wesley Family Services Pittsburgh, PA | $21,969,339 | $57,226,294 |
Acenda Inc Glassboro, NJ | $48,440,904 | $48,619,140 |
Lakewood Resource And Referral Center Inc Lakewood, NJ | $45,013,117 | $65,769,816 |
Family Services Of Westchester Inc Purchase, NY | $15,513,115 | $28,897,436 |
Child & Family Services Of Erie County Buffalo, NY | $11,859,007 | $28,079,728 |
Cooke School And Institute New York, NY | $87,858,830 | $28,836,846 |
Family Design Resources Inc Harrisburg, PA | $4,656,695 | $25,423,383 |
Childrens Aid And Family Services Inc Paramus, NJ | $26,006,427 | $29,510,133 |
Family Service Of Montgomery County Pa Eagleville, PA | $9,146,267 | $22,707,585 |
Holy Family Institute Pittsburgh, PA | $17,575,191 | $23,440,748 |