Oceanic Free Library Association

Organization Overview

Oceanic Free Library Association is located in Rumson, NJ. The organization was established in 1956. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Oceanic Free Library Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceanic Free Library Association 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, Oceanic Free Library Association generated $262.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $206.9k during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 BOOKS, PERIODICALS, AND VIDEOS TO THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE BOOKS, PERIODICALS, AND VIDEOS TO THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Carolyn Miller
President
$0
Jeremy Minnetian
Secretary
$0
Doug Rossbach
Treasurer
$0
Margot O'connor
Vice President
$0
Ann Rossbach
Board Member
$0
Nancy Haaren
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $77,603
All other contributions, gifts, grants, and similar amounts not included above$132,751
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$210,354
Total Program Service Revenue$3,176
Investment income $18,457
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $22,133
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $262,918

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Oceanic Free Library Association has recieved totaling $1,579.

Awarding OrganizationAmount
The H Hovnanian Family Foundation

Tinton Falls, NJ

PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.

$1,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$79
View Grant Recipient Profile

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