Ocean Community Chamber Foundation
- Assets
- $154.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 03/1998
- Data as of
- 06/2022
- EIN
- 05-0494495
Organization Overview
Ocean Community Chamber Foundation is located in Westerly, RI. The organization was established in 1998. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Community Chamber 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 06/2022, Ocean Community Chamber Foundation generated $104.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $77.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 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 Mission:
Part 3 - Line 1
EDUCATIONAL AND ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
FACILITATED A BEACH CONCERT SERIES TO DRAW VISITORS TO OUR BEACHES.
SEE SCHEDULE O
FACILITATED A BEACH CONCERT SERIES TO DRAW VISITORS TO OUR BEACHES.
PRODUCED AN ATHENA AWARD PROGRAM TO RECOGNIZE THOSE WHO HAVE WORKED TO ADVANCE WOMEN IN BUSINESS AND PROVIDED SMALL SCHOLARSHIPS TO ASPIRING WOMEN ENTERING COLLEGE.
PRODUCED AN ATHENA AWARD PROGRAM TO RECOGNIZE THOSE WHO HAVE WORKED TO ADVANCE WOMEN IN BUSINESS AND PROVIDED SMALL SCHOLARSHIPS TO ASPIRING WOMEN ENTERING COLLEGE.
PRODUCED A FIRE ON WATER EVENT THAT DRAWS THOUSANDS TO VISIT THE AREA.
PRODUCED A FIRE ON WATER EVENT THAT DRAWS THOUSANDS TO VISIT THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Konicki Director | 5 | $0 | |
Elizabeth Frenette 2nd Vice President | 2 | $0 | |
Michael F Benevides Treasurer | 3 | $0 | |
Maria Allen President | 4 | $0 | |
Damato Beth 1st Vice President | 2 | $0 | |
Jenifer Brinton Immediate Past President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,206 |
| Total Program Service Revenue | $38,611 |
| Membership dues | $0 |
| Investment income | $34 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $49,690 |
| Other Revenue | $0 |
| Total Revenue | $104,541 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,775 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $61,930 |
| Total expenses | $77,705 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $145,237 |
| Other assets | $0 |
| Total assets | $154,009 |
| Total liabilities | $39,935 |
| Net assets or fund balances | $114,074 |