The@ocean View Foundation Inc
- Assets
- $3.9m
- Revenue
- $99.5k
- Investments
- $59.2k
- Employees
- 0
- Location
- Cos Cob, CT
- Founding
- 10/1999
- Data as of
- 01/2024
- EIN
- 22-3636378
Organization Overview
The@ocean View Foundation Inc is located in Cos Cob, CT. The organization was established in 1999. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. The@ocean View Foundation 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 01/2024, The@ocean View Foundation Inc generated $99.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $96.0k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND OPERATION OF NATURE PAVILION FACILITIES AND ALL PROPERTIES TO PROMOTE GREEN LIVING AND ENVIRONMENTAL AWARENESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine A Merck President | 1 | $0 | |
Oona Coy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,639 |
| Interest on Savings | $0 |
| Dividends & Interest | $981 |
| Net Rental Income | $12,541 |
| Net Gain on Sale of Assets | $18,705 |
| Capital Gain Net Income | $18,705 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $262 |
| Total Revenue | $99,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $15,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,554 |
| Total operating and administrative expenses | $92,984 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $95,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,216 |
| Savings and temporary cash investments | $3,981 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $59,215 |
| Net Land, buildings, and equipment | $3,841,936 |
| Other assets | $0 |
| Total assets | $3,912,348 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |