Ocean Reef Cultural Center Inc

Organization Overview

Ocean Reef Cultural Center Inc is located in Key Largo, FL. The organization was established in 1998. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Ocean Reef Cultural Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Reef Cultural Center 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 06/2021, Ocean Reef Cultural Center Inc generated $2.2m 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 (10.3%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EDUCATIONAL PROGRAMS, ENTERTAINMENT AND CIVIC ACTIVITIES FOR THE BENEFIT AND ENJOYMENT OF ALL OCEAN REEF RESIDENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CENTER PROVIDES NUMEROUS CULTURAL EVENTS SUCH AS MOVIES, PLAYS, OTHER ART PERFORMANCES FOR THE BENEFIT OF OCEAN REEF COMMUNITY RESIDENTS DURING THE YEAR


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Board, Officers & Key Employees

Name (title)Compensation
John Hunt
President
$158,837
Tom Schievelbein
Chairman
$0
Tom Davidson
Founding Chairman
$0
Kathie Markel
Treasurer
$0
Barbara Olcott
Past Chairman
$0
Alan Goldstein
Chairman Emeritus
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,618,559
Noncash contributions included in lines 1a–1f $83,339
Total Revenue from Contributions, Gifts, Grants & Similar$1,618,559
Total Program Service Revenue$176,001
Investment income $310,366
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $128,628
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,233,554

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ocean Reef Cultural Center Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Rice Family Charitable Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,484,095
Earnings$4,405,073
Net Contributions$599,458
Other Expense$515,399
Ending Balance$20,973,227

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