Blue Ocean Student Entrepreneurs Corp
- Assets
- $50.0k
- Revenue
- $69.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Gibson Island, MD
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3775052
Organization Overview
Blue Ocean Student Entrepreneurs Corp is located in Gibson Island, MD. The organization was established in 2016. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Ocean Student Entrepreneurs Corp 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 Student Entrepreneurs Corp generated $69.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $42.8k during the year ending 12/2021. While expenses have increased by 44.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nestor Benavides President | 1 | $0 | |
Frank Scalese Director | 1 | $0 | |
Zee Munir Executive Dir. | 1 | $0 | |
Jon Garafolo Director | 1 | $0 | |
Illene Littman Director | 1 | $0 | |
Brian Jordan Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69,156 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,761 |
| Total operating and administrative expenses | $42,761 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $42,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,035 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,035 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that Blue Ocean Student Entrepreneurs Corp has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Perakis Foundation Wilton, CT PURPOSE: GENERAL SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Cameron Foundation Petersburg, VA | $170,387,931 | $14,350,568 |
Frameworks Institute Washington, DC | $8,374,816 | $6,057,104 |
Shippensburg University Student Services Inc Shippensburg, PA | $2,959,085 | $3,291,326 |
News Literacy Project Inc Bethesda, MD | $6,963,162 | $5,070,663 |
Seed Foundation Inc Washington, DC | $10,420,742 | $4,996,042 |
College Summit Inc Washington, DC | $4,976,677 | $6,077,996 |
Kutztown University Student Services Inc Kutztown, PA | $8,214,790 | $4,234,539 |
Community Government Association Of Bloomsburg University Of Pa Bloomsburg, PA | $19,120,941 | $3,395,076 |