Ocean View Lions Charities Foundation
- Assets
- $267.8k
- Revenue
- $13.3k
- Investments
- $212.9k
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 05/1999
- Data as of
- 06/2024
- EIN
- 54-1923512
Organization Overview
Ocean View Lions Charities Foundation is located in Norfolk, VA. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean View Lions Charities 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 06/2024, Ocean View Lions Charities Foundation generated $13.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $11.5k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (26.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL ASSOCIATION OF LIONS CLUBS - HELPING FOR ALL TYPES OF DISASTERS BUT BASICALLY SIGHT AND HEARING IMPAIRED.
LIONS CLUBS FOUNDATIONS FOR SIGHT AND HEARING CHARITABLE SUPPORT - LIONS DISTRICT 24-I DIABETIC FAMILY CAMP WORKERS FOR THE BLIND HEARING FOUNDATION MEDICAL EYE BANK MOBILE SIGHT AND HEARING UNIT LIONS YOUTH EXCHANGE CAMP LIONS OF VA FOUNDATION.
FOUNDATION FIGHTING BLINDNESS
OCEAN BEACH KIWANIS - ANOTHER CHARITABLE CLUB HELPING LOCALS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rue Stuteville Vice Preside | 2 | $0 | |
Nancy Gochowski President | 2 | $0 | |
David Claflin Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,768 |
| Dividends & Interest | $10,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$93 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,170 |
| Contributions, gifts, grants paid | $9,330 |
| Total expenses and disbursements | $11,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,691 |
| Net Accounts receivable | $1,242 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $46,034 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $267,830 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ocean View Lions Charities Foundation has awarded $9,330 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LIONS CHARITY FOUNDATION OF SE VA PURPOSE: COMMUNITY SUPPORT | $1,376 |
PEARL VISION PURPOSE: EYE EXAMS & GLASSES | $971 |
BAYVIEW ELEMENTARY SCHOOL PURPOSE: SCHOOL SUPPLIES | $77 |
TIDEWATER WOODEN BOAT SHOP PURPOSE: UNRESTRICTED | $1,000 |
INDUSTRIES OF THE BLIND PURPOSE: UNRESTRICTED | $906 |
HOPE TO WALK PURPOSE: UNRESTRICTED | $5,000 |