Ocean View Memorial Foundation Inc

Organization Overview

Ocean View Memorial Foundation Inc is located in Myrtle Beach, SC. The organization was established in 2016. According to its NTEE Classification (T31) the organization is classified as: Community 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 Memorial Foundation Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Ocean View Memorial Foundation Inc generated $439.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $281.9k during the year ending 12/2021. While expenses have increased by 0.0% 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.

Since 2018, Ocean View Memorial Foundation Inc has awarded 32 individual grants totaling $422,993. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EXTEND GRANTS AND SCHOLARSHIPS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SCHOLARSHIPS IN THE MYRTLE BEACH AREA ON THE BASIS OF NEED AND MERIT


ASSIST ANY HEALTH CARE AND RELATED FACILITIES IN THE MYRTLE BEACH AREA WHICH WOULD QUALIFY FOR AN EXEMPTION UNDER THE PROVISIONS OF SECTION 501(C)(3), 509(A)(1) OR 509(A)(2)


EDUCATIONAL GRANTS TO THE HORRY-GEORGETOWN TECHNICAL COLLEGE FOUNDATION, THE COASTAL EDUCATIONAL FOUNDATION AND THE HORRY COUNTY K-12 FOUNDATION


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Board, Officers & Key Employees

Name (title)Compensation
Phillip Albergotti
Chairman
$0
Dr Jim Merritt
Vice-Chairman
$0
Robert Sansbury
Treasurer
$0
Gretchen Abney
Secretary
$0
Dr Bill Bogache
Director
$0
Darlene Collins
Director
$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$0
Investment income $356,647
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $83,168
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $439,815

Grants Awarded

Over the last fiscal year, Ocean View Memorial Foundation Inc has awarded $105,913 in support to 9 organizations.

Grant RecipientAmount

HORRY GEORGETOWN TECHNICAL COLLEGE

Org PageRecipient Profile

Conway, SC

PURPOSE: EDUCATIONAL

$28,000

COASTAL EDUCATIONAL FOUNDATION

Org PageRecipient Profile

Conway, SC

PURPOSE: EDUCATIONAL

$15,000

HELPING HAND OF MYRTLE BEACH

Org PageRecipient Profile

Myrtle Beach, SC

PURPOSE: HEALTH CARE RELATED

$12,413

COASTAL SAMARITAN COUNSELING CENTER

Org PageRecipient Profile

Myrtle Beach, SC

PURPOSE: HEALTH CARE RELATED

$10,000

SOS HEALTH CARE INC

Org PageRecipient Profile

Myrtle Beach, SC

PURPOSE: HEALTH CARE RELATED

$10,000

GROUND ZERO MINISTRIES INC

Org PageRecipient Profile

Myrtle Beach, SC

PURPOSE: HEALTH CARE RELATED

$10,000
View Grant Profile

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