Blue Ocean Faith
- Assets
- $144.0k
- Revenue
- $275.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Santa Monica, CA
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 81-0857897
Organization Overview
Blue Ocean Faith is located in Santa Monica, CA. The organization was established in 2018. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Blue Ocean Faith employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Ocean Faith 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, Blue Ocean Faith generated $275.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $208.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER CONNECTIONS BETWEEN GOD, OURSELVES, AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE SERIES WHERE PEOPLE FROM AROUND THE COUNTRY GATHER TOGETHER TO DISCUSS BUILDING THRIVING COMMUNITIES OF FAITH IN THIS RADICALLY CHANGING WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Schmelzer Board Member | Trustee | 40 | $83,588 |
Mark Shepard President | OfficerTrustee | 1 | $0 |
Sei Wei Ong Treasurer | OfficerTrustee | 1 | $0 |
Kristina Kaiser Secretary | OfficerTrustee | 2 | $0 |
Kirsty Paxton Board Member | Trustee | 4 | $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 | $275,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,568 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| 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 | -$402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,177 |
| 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. | $98,323 |
| Compensation of current officers, directors, key employees. | $9,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,218 |
| Advertising and promotion | $7,605 |
| Office expenses | $575 |
| Information technology | $6,615 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,493 |
| Total functional expenses | $208,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,977 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $143,977 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $143,977 |
| 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 | $143,977 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Blue Ocean Faith has recieved totaling $7,510.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phoenix Gospel Mission Phoenix, AZ | $43,066,445 | $31,352,062 |
Lutheran Social Services Of The Southwest Phoenix, AZ | $5,555,029 | $22,254,288 |
El Sembrador Ministries Chatsworth, CA | $38,637,636 | $18,701,148 |
Nora Lam Ministries San Jose, CA | $148,225 | $7,883,187 |
New Life Ministries Lake Forest, CA | $1,971,795 | $8,402,272 |
Pilgram Rest Foundation Inc Phoenix, AZ | $14,492,011 | $6,934,589 |
Irvine Onnuri Church Irvine, CA | $6,273,875 | $4,499,639 |
Tabernacle Christian School Concord, CA | $5,160,537 | $3,470,555 |
Alleluia Reedley, CA | $3,151,483 | $3,355,786 |
Interact Ministries Inc Boring, OR | $2,444,865 | $2,307,839 |
Desert Manna Barstow, CA | $1,202,550 | $2,591,102 |
Alberto Mottesi Evangelistic Assoc Inc Santa Ana, CA | $3,484,809 | $2,833,978 |