Oceanswide Inc
- Assets
- $80.0k
- Revenue
- $201.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Newcastle, ME
- Founding
- 09/2007
- Data as of
- 12/2019
- EIN
- 34-1988012
Organization Overview
Oceanswide Inc is located in Newcastle, ME. The organization was established in 2007. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceanswide 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 12/2019, Oceanswide Inc generated $201.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $225.3k during the year ending 12/2019. While expenses have increased by 12.0% per year over the past 5 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.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,657 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,167 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,129 |
| Advertising and promotion | $1,907 |
| Office expenses | $1,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,919 |
| Travel | $7,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,259 |
| Insurance | $17,051 |
| All other expenses | $0 |
| Total functional expenses | $225,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,361 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,020 |
| Accounts payable and accrued expenses | $0 |
| 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 | $22,379 |
| Secured mortgages and notes payable | $53,708 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $76,087 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,933 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Oceanswide Inc has recieved totaling $356.
| Awarding Organization | Amount |
|---|---|
Apple Lane Foundation Inc New York, NY PURPOSE: FOR ORGANIZATION'S EXEMPT PURPOSES | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chewonki Foundation Inc Wiscasset, ME | $31,373,154 | $10,204,767 |
Hurricane Island Outward Bound School Camden, ME | $11,638,598 | $4,626,034 |
Reverb Inc Portland, ME | $3,915,181 | $3,985,444 |
Squam Lakes Natural Science Center Holderness, NH | $11,468,821 | $2,535,033 |
Ecology Education Inc Saco, ME | $15,038,893 | $2,197,158 |
Kroka Expeditions Marlow, NH | $3,260,386 | $2,285,342 |
Robert And Patricia Switzer Foundation Belfast, ME | $18,391,526 | $1,246,852 |
Tin Mountain Conservation Center Incorporated Albany, NH | $4,362,959 | $2,203,013 |
Beaver Brook Association Inc Hollis, NH | $9,759,859 | $2,273,813 |
Fork Food Lab Yarmouth, ME | $202,202 | $414,434 |
30 Mile River Watershed Association Mount Vernon, ME | $163,003 | $259,006 |
Frenchman Bay Research Boating Bar Harbor, ME | $18,374 | $0 |