Ocean Studies Charter School Inc
- Assets
- $4.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Tavernier, FL
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 27-0677326
Organization Overview
Ocean Studies Charter School Inc is located in Tavernier, FL. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Ocean Studies Charter School Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Studies Charter School 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 06/2022, Ocean Studies Charter School Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 9.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OCEAN STUDIES CHARTER SCHOOL IS TO OFFER A QUALITY PUBLIC EDUCATION BASED ON THE BEST PRACTICES IN ACCELERATED LEARNING AND REFLECTING THE DIVERSITY OF THE CHILDREN OF MONROE COUNTY. OCEAN STUDIES CHARTER SCHOOL WILL OFFER A RIGOROUS ACADEMIC PROGRAM, PRODUCING STUDENTS WHO MEET OR EXCEED THE SUNSHINE STATE STANDARDS IN ENGLISH LANGUAGE ARTS, MATH, SCIENCE AND SOCIAL STUDIES. WHILE NURTURING CURIOSITY, CREATIVITY AND IMAGINATION, WE WILL ENCOURAGE CHILDREN TO BECOME INDEPENDENT, RESPONSIBLE AND SELF-MOTIVATED LEARNERS. THROUGH A UNIQUELY PREPARED ENVIRONMENT AND THE USE OF SPECIAL DIDACTIC MATERIALS, THE STUDENTS PROGRESS THROUGH INDIVIDUAL EDUCATION PROGRAMS CENTERED ON THE FASCINATING MARINE ENVIRONMENT SURROUNDING THEIR COMMUNITY. IN ADDITION TO ITS STATED MISSION, OCEAN STUDIES CHARTER SCHOOL'S MAIN PRIORITIES ARE: -TO PROVIDE THE FAMILIES OF THE UPPER KEYS WITH A BOARDER ACCELERATED-LEARNING EXPERIENCE THAN THAT AVAILABLE THROUGH THE TRADITIONAL PUBLIC SCHOOL SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCEAN STUDIES CHARTER SCHOOL COMPLETED ITS FIRST FULL YEAR AT OUR NEW LOCATION WITH AN INCREASE OF STUDENTS FROM 135 - 160. THE FIRST SIXTH GRADE CLASS WAS STARTED AND THEY MOVED UPSTAIRS TO THEIR BRAND NEW SECOND STORY MIDDLE SCHOOL IN JANUARY. THE NEW MIDDLE SCHOOL HAS AN OPEN COURT YARD WITH FLEXIBLE SEATING MADE FROM RECYCLED PLASTIC, FOUR NEW CLASSROOMS, AND A FACULTY LOUNGE. OUR SCHOOL EARNED AN A RATING FROM THE STATE OF FLORIDA. WE WERE ONE OF ONLY FIVE SCHOOLS IN MONROE COUNTY TO EARN AN A. THREE OF THE SCHOOLS EARNING AN A WERE CHARTER SCHOOLS AND TWO WERE TRADITIONAL PUBLIC SCHOOLS. THANKS TO THE EFFORTS OF OUR FUNDRAISING COMMITTEE, WE WERE ABLE TO PAY DOWN THE PRINCIPAL OF OUR MORTGAGE IN THE AMOUNT OF $150,000. OUR FUNDRAISING EFFORTS INCLUDED SEA OF THANKS, LA CHISPA MUSIC EVENT, MARINE DEBRIS DERBY, GIVING TUESDAY, PTO FUNDRAISING EFFORTS, AND COMMUNITY DONATIONS.OUR PROGRAMS COORDINATOR, JESSICA MARTINEZ, SECURED THREE GRANTS THIS YEAR. THE GRANTS INCLUDED $3,066 TO PURCHASE MANGROVE TANKS FOR RESEARCH IN OUR MARINE SCIENCE PROGRAM, $4,000 FROM THE KEY LARGO ROTARY TO PURCHASE NEW CAMERAS FOR OUR PHOTOGRAPHY PROGRAM, AND $6,000 TO ENHANCE OUR ART PROGRAM INCLUDING MATERIALS AND TRAINING FOR ALL TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trisha Woods Principal | Officer | 40 | $93,803 |
Ashley Mcelheny Director | Trustee | 2 | $0 |
Ariel Poholek Treasurer | Trustee | 10 | $0 |
Beth Kaminstein Director | Trustee | 2 | $0 |
Laurie Brooks Secretary | Trustee | 8 | $0 |
Liz Trueblood Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,352,800 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,776 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,809,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,962 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $966,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,756 |
| Payroll taxes | $81,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,582 |
| Advertising and promotion | $0 |
| Office expenses | $254,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $110,452 |
| Depreciation, depletion, and amortization | $119,784 |
| Insurance | $40,662 |
| All other expenses | $0 |
| Total functional expenses | $2,071,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,777 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $20,884 |
| Net Land, buildings, and equipment | $4,187,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,738 |
| Total assets | $4,797,631 |
| Accounts payable and accrued expenses | $152,791 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,582,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,639 |
| Total liabilities | $2,806,995 |
| Net assets without donor restrictions | $1,990,636 |
| Net assets with donor restrictions | $0 |
| 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 | $4,797,631 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ocean Studies Charter School Inc has recieved totaling $40,081.
| Awarding Organization | Amount |
|---|---|
Paisley Foundation Aurora, IL PURPOSE: PRIMARY EDUCATION | $40,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Osceola Education Inc Kissimmee, FL | $17,231,201 | $18,787,939 |
Lake Technical College Inc Eustis, FL | $17,510,446 | $18,253,168 |
Northstar Academies Inc Fort Lauderdale, FL | $8,255,029 | $17,151,740 |
Global Outreach Charter Academys Jacksonville, FL | $28,025,971 | $16,215,591 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
National Ben Gamla Charter Schoolfoundation Inc Miami, FL | $11,814,149 | $15,804,589 |
Lincoln Marti Charter Schools Inc Miami, FL | $12,862,040 | $15,316,634 |
Ridgeview Global Studies Academy Inc Davenport, FL | $23,553,699 | $16,444,024 |
Wesley International Academy Inc Atlanta, GA | $9,201,005 | $14,194,787 |
City Of Belle Isle Charter Schools Inc Miami, FL | $12,550,374 | $14,274,361 |
Sarasota Military Academy Inc Sarasota, FL | $22,680,421 | $14,952,313 |
Minneola Charter Schools Inc Minneola, FL | $14,329,481 | $14,463,653 |