Oceans East Tournaments Inc
- Assets
- $1.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Suwanee, GA
- Founding
- Data as of
- 12/2022
- EIN
- 83-4058150
Organization Overview
Oceans East Tournaments Inc is located in Suwanee, GA. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceans East Tournaments Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Oceans East Tournaments Inc generated $2.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (56.0%) each year. All expenses for the organization totaled $3.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (56.5%) per year over the past 4 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
2022
Describe the Organization's Program Activity:
Part 3
OCEANS EAST WILL BE HOSTING A SERIES OF FISHING TOURNAMENTS BEGINNING WITH A TWO DAY COBIA TOURNAMENT AS WELL AS A THREE DAY TUNA TOURNAMENT. THESE TOURNAMENTS HELP SUPPORT OUR LOCAL FLEET AND THEIR FAMILIES BY ASSISTING IN FUNDING THEIR COSTS FOR UNEXPECTED MEDICAL EXPENSES, MECHANICAL ISSUES OR ADDITIONAL INCIDENTAL EXPENSES THAT HINDER THEIR OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley J Wachowiak President/chairperson | 5 | $0 | |
Justin Wilson Secretary | 5 | $0 | |
Edward J Hermoyian Cfo/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,819 |
| Other Revenue | $0 |
| Total Revenue | $2,819 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,587 |
| Total expenses | $3,087 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,121 |
| Other assets | $0 |
| Total assets | $1,121 |
| Total liabilities | $13,500 |
| Net assets or fund balances | -$12,379 |