Ocean Cares Foundation
- Assets
- $51.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bayville, NJ
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 27-2910333
Organization Overview
Ocean Cares Foundation is located in Bayville, NJ. The organization was established in 2011. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Cares 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 Cares Foundation generated $32.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $50.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 years. 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
2021
Describe the Organization's Program Activity:
Part 3
TO SUPPORT THE MISSION OF OCEAN CARES FOUNDATION AND THE MISSION AND VISION OF OCEAN MENTAL HEALTH SERVICES, INC. (BRIGHT HARBOT HEALTHCARE)THROUGH BUILDING COMMUNITY AWARENESS AND GENERATING COMMUNITY SUPPORT FROM FUNDRAISERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Cooney Board Truste | 0 | $0 | |
Glynis Wray Secretary | 0 | $0 | |
Ellen Tweed Vice Preside | 0 | $0 | |
Joy Reinhart Board Truste | 0 | $0 | |
Kathy Luszik President | 0 | $0 | |
Kimberly Ball Board Truste | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,441 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$6,300 |
| Other Revenue | $0 |
| Total Revenue | $32,141 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,996 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $138 |
| Other expenses | $9,048 |
| Total expenses | $50,182 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,826 |
| Other assets | $0 |
| Total assets | $51,826 |
| Total liabilities | $7,500 |
| Net assets or fund balances | $44,326 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ocean Cares Foundation has recieved totaling $2,052.
| Awarding Organization | Amount |
|---|---|
Wintrode Family Foundation Inc Manahawkin, NJ PURPOSE: GENERAL FUND | $1,000 |
Jay And Linda Grunin Foundation Inc Toms River, NJ PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |
Northeast Health Foundation Inc Albany, NY | $23,246,961 | $6,972,947 |
New York Foundling Charitable Corporation New York, NY | $0 | $3,656,772 |
Al Sigl Center For Rehabilitation Agencies Inc Rochester, NY | $54,423,589 | $5,794,950 |
St Anns Foundation Inc Rochester, NY | $59,915,340 | $4,860,702 |
Messiah Lifeways Mechanicsburg, PA | $3,767,505 | $5,505,262 |
Pottstown Area Health & Wellness Foundation Pottstown, PA | $88,468,067 | $7,361,536 |
Templeton Foundation Cooperstown, NY | $47,757,464 | $7,194,400 |
Israel Healthcare Foundation New York, NY | $6,879,692 | $6,486,334 |
Andrew Mcdonough B Positive Foundation Wilmington, DE | $5,256,523 | $5,566,397 |