Ocean City Tabernacle Assoc
- Assets
- $14.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 60
- Location
- Ocean City, NJ
- Founding
- 01/1946
- Data as of
- 12/2021
- EIN
- 21-0738420
Organization Overview
Ocean City Tabernacle Assoc is located in Ocean City, NJ. The organization was established in 1946. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Ocean City Tabernacle Assoc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean City Tabernacle Assoc 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 City Tabernacle Assoc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A FAMILY MINISTRY CENTER WHERE THE GOSPEL OF JESUS CHRIST IS CENTRAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER WORSHIP SERVICES INCLUDING CHILDREN'S CHURCH, BIBLE STUDIES AND NURSERY CARE DURING SERVICES.
YOUTH MINISTRIES INCLUDING OPERATION OF AN AFTER-SCHOOL PROGRAM WITH HOMEWORK, BIBLE STUDIES, TUTORING AND GAMES, A REMOTE LEARNING PROGRAM FOR GRADES K-6 CONDUCTED DURING FIRST QUARTER 2021 TO ACCOMMODATE NJ COVID-19 SCHOOL ATTENDANCE RESTRICTIONS, A CHRIST-CENTERED PRE-SCHOOL PROGRAM, VACATION BIBLE SCHOOL, AND PROVISION OF ACCOMODATIONS FOR CHRISTIAN YOUTH RETREATS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay P Reimer President & CEO | Officer | 40 | $122,884 |
Virginia Weber Chair | OfficerTrustee | 1 | $0 |
Ralph Schiavo Vice Chair | OfficerTrustee | 0.5 | $0 |
Robert Hunter Treasurer | OfficerTrustee | 1 | $0 |
Andrew Halliday Secretary | OfficerTrustee | 0.5 | $0 |
Todd Chamberlain Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $172,757 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,298,514 |
| Noncash contributions included in lines 1a–1f | $13,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,471,271 |
| Total Program Service Revenue | $43,665 |
| Investment income | $233,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,236 |
| Net Gain/Loss on Asset Sales | $40,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,800,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,436 |
| Compensation of current officers, directors, key employees. | $51,637 |
| Compensation to disqualified persons | $16,155 |
| Other salaries and wages | $475,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,315 |
| Payroll taxes | $66,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,409 |
| Fees for services: Accounting | $16,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,209 |
| Fees for services: Other | $188,568 |
| Advertising and promotion | $53,635 |
| Office expenses | $22,264 |
| Information technology | $23,935 |
| Royalties | $0 |
| Occupancy | $159,570 |
| Travel | $48,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,497 |
| Insurance | $39,785 |
| All other expenses | $17,333 |
| Total functional expenses | $1,697,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,647 |
| Savings and temporary cash investments | $2,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,747 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,763 |
| Net Land, buildings, and equipment | $4,473,460 |
| Investments—publicly traded securities | $9,709,354 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,538,721 |
| Accounts payable and accrued expenses | $30,369 |
| Grants payable | $0 |
| Deferred revenue | $5,808 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,227 |
| Total liabilities | $61,404 |
| Net assets without donor restrictions | $12,220,020 |
| Net assets with donor restrictions | $2,257,297 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,538,721 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Ocean City Tabernacle Assoc has recieved totaling $76,649.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CHURCH | $48,333 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $11,300 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $10,000 |
Myers Family Charitable Foundation Tomball, TX PURPOSE: WELFARE | $5,000 |
The William E C And Mary Dearden Foundation Hershey, PA PURPOSE: GENERAL CHARITABLE USE | $1,000 |
Doll Family Foundation Princeton, NJ PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $7,617,245 |
| Earnings | $896,658 |
| Net Contributions | $13,589 |
| Other Expense | $372,244 |
| Ending Balance | $8,155,248 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
The Pottstown Cluster Of Religious Communities Pottstown, PA | $2,620,724 | $10,453,372 |
Evangelical Lutheran Church In America Bala Cynwyd, PA | $32,181,411 | $7,233,386 |
Liberty Ministries Schwenksville, PA | $7,484,398 | $10,564,649 |
Infaith Exton, PA | $8,050,176 | $8,512,203 |
Faith And Liberty Discovery Center Llc Philadelphia, PA | $52,138,123 | $36,453,224 |
The Lehigh Conference Of Churches Allentown, PA | $5,159,637 | $6,852,485 |
Family Life Ministries Inc Bath, NY | $17,860,923 | $9,093,458 |
Revival Today Inc Coraopolis, PA | $3,527,632 | $7,706,926 |
Christian Churches United Of The Tri-County Area Harrisburg, PA | $2,164,616 | $5,131,299 |
Lutheran Social Mission Society Of Philadelphia Philadelphia, PA | $4,708,767 | $5,481,432 |