Ocean Cure Inc
- Assets
- $94.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Carolina Beach, NC
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-4509035
Organization Overview
Ocean Cure Inc is located in Carolina Beach, NC. The organization was established in 2009. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Cure Inc 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 12/2023, Ocean Cure Inc generated $129.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $93.4k during the year ending 12/2023. While expenses have increased by 22.0% per year over the past 4 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED FREE SURF CAMPS FOR MEDICALLY FRAGILE OR AT RISK CHILDREN AND ADULTS INCLUDING THOSE AFFECTED BY AIDS, AUTISM, CEREBRAL PALSY, VISUAL IMPAIRMENTS,TERMINAL ILLNESSES, AND OTHER DISABILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin T Murphy President | 0 | $0 | |
Chris D Lacoe Sec-Treasure | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,305 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $1,407 |
| Net Income from Gaming & Fundraising | $42,733 |
| Other Revenue | $0 |
| Total Revenue | $129,445 |
| 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 | $15,760 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $75,603 |
| Total expenses | $93,363 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,161 |
| Other assets | $0 |
| Total assets | $94,376 |
| Total liabilities | $721 |
| Net assets or fund balances | $93,655 |