Ocean Cares Foundation
- Assets
- $13.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bayville, NJ
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 27-2910333
Organization Overview
Ocean Cares Foundation is located in Bayville, NJ. The organization was established in 2011. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Cares 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 12/2023, Ocean Cares Foundation generated $26.3k 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 (7.6%) each year. All expenses for the organization totaled $54.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3
TO SUPPORT THE MISSION OF OCEAN CARES FOUNDATION AND THE MISSION AND VISION OF OCEAN MENTAL HEALTH SERVICES, INC. (BRIGHT HARBOR HEALTHCARE)THROUGH BUILDING COMMUNITY AWARENESS AND GENERATING COMMUNITY SUPPORT FROM FUNDRAISERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Tweed President | 1 | $0 | |
Joy Reinhart Vice Preside | 1 | $0 | |
Kimberly Ball Treasurer | 1 | $0 | |
Matt Ryan Board Truste | 1 | $0 | |
Maria Penna Board Truste | 1 | $0 | |
Triche Sherman Board Truste | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,286 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$9,017 |
| Other Revenue | $0 |
| Total Revenue | $26,269 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,996 |
| Professional fees and other payments to independent contractors | $1,048 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,426 |
| Total expenses | $54,470 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,973 |
| Other assets | $0 |
| Total assets | $13,773 |
| Total liabilities | $7,500 |
| Net assets or fund balances | $6,273 |