Ocean Rain Foundation
- Assets
- $397.1k
- Revenue
- $120.6k
- Investments
- $373.5k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-6726793
Organization Overview
Ocean Rain Foundation is located in Brooklyn, NY. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Rain 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 12/2021, Ocean Rain Foundation generated $120.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.9% each year . All expenses for the organization totaled $110.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ocean Rain Foundation has awarded 52 individual grants totaling $703,523. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David H Ford Trustee | 0 | $0 | |
Jennifer Ford Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,451 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,184 |
| Capital Gain Net Income | $17,184 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $186 |
| Total operating and administrative expenses | $1,891 |
| Contributions, gifts, grants paid | $108,065 |
| Total expenses and disbursements | $109,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $23,033 |
| Net Accounts receivable | $559 |
| 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 | $288,749 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $397,060 |
| 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 |
Grants Awarded
Over the last fiscal year, Ocean Rain Foundation has awarded $108,065 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UCONN FOUNDATION PURPOSE: THE UCONN FOUNDATION IS AN INDEPENDENT NONPROFIT ORGANIZATION THAT OPERATES EXCLUSIVELY TO PROMOTE THE EDUCATIONAL, SCIENTIFIC, CULTURAL, RESEARCH, AND RECREATIONAL OBJECTIVES OF THE UNIVERSITY OF CONNECTICUT AND UCONN HEALTH. | $100,000 |
CONNECTICUT FLAG FOOTBALL LEAUGE PURPOSE: THE CONNECTICUT FLAG FOOTBALL LEAGUE IS A 501(C)(3) NON-FOR-PROFIT ORGANIZATION ESTABLISHED WITH THE PURPOSE OF PROVIDING A RECREATIONAL FLAG FOOTBALL EXPERIENCE TO THE AREA YOUTH. THIS IS A NON-CONTACT AFFL YOUTH FLAG FOOTBALL PROGRAM AND BACKED BY THE AMERICAN FLAG FOOTBALL LEAGUE AND DEDICATED TO PROMOTING A FUN EXPERIENCE BY PROVIDING PHYSICAL ACTIVITY AND ENCOURAGING FULL PARTICIPATION IN A NON-CONTACT FOOTBALL LEAGUE. | $5,000 |
DONATION TO WIKIME PURPOSE: THE WIKIMEDIA FOUNDATION, INC IS A NONPROFIT CHARITABLE ORGANIZATION DEDICATED TO ENCOURAGING THE GROWTH, DEVELOPMENT AND DISTRIBUTION OF FREE, MULTILINGUAL CONTENT, AND TO PROVIDING THE FULL CONTENT OF THESE WIKI-BASED PROJECTS TO THE PUBLIC FREE OF CHARGE. | $1,040 |
Brooklyn, NY PURPOSE: PACKER IS A DIVERSE COMMUNITY OF LEARNERS IN WHICH EACH PERSON IS VALUED AND CHALLENGED. WE STRIVE TO BE KNOWLEDGEABLE, EMPATHETIC, AND ENGAGED MEMBERS OF AN INTERCONNECTED AND DYNAMIC WORLD. | $1,025 |
OMAZE PURPOSE: OUR MODEL DEMOCRATIZES TRADITIONAL AUCTION-GIVING BY OFFERING EVERYONE THE CHANCE TO HAVE A ONCE-IN-A-LIFETIME EXPERIENCE. THROUGH THE OMAZE PLATFORM, PEOPLE FROM MORE THAN 180 COUNTRIES HAVE DONATED TO OVER 300 CHARITIES, DRIVING SUBSTANTIAL LEVELS OF AWARENESS FOR THEIR WORK, AND SIGNIFICANTLY MORE MONEY THAN TRADITIONAL METHODS. | $500 |
New York, NY PURPOSE: THE NATIONAL MULTIPLE SCLEROSIS SOCIETY WORKS TO FIND A CURE FOR MS WHILE EMPOWERING PEOPLE AFFECTED BY MS TO LIVE THEIR BEST LIVES. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |