Southern Ocean Chamber Association
- Assets
- $118.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ship Bottom, NJ
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-1280639
Organization Overview
Southern Ocean Chamber Association is located in Ship Bottom, NJ. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Ocean Chamber Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. SPECIFICALLY, SUCH ACTIVITIES SHALL INCLUDE FOSTERING A HEALTHY ECONOMIC CLIMATE IN SOUTHERN OCEAN COUNTY, LONG BEACH ISLAND REGION, AND PROVIDING RESOURCES TO STRENGTHEN DEVELOPMENT OF COMMERCIAL, ENVIRONMENTAL AND SOCIAL ORGANIZATIONS THAT ARE PART OF THE LOCAL BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Thompson President | 2 | $0 | |
Michele Cuff Treasurer | 2 | $0 | |
Michele Collins-Davies At Large | 2 | $0 | |
Lori Pepenella Trustee | 2 | $0 | |
Andrea Driscoll Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,324 |
| Total Program Service Revenue | $1,812 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $50,054 |
| Other Revenue | $0 |
| Total Revenue | $108,190 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,990 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,585 |
| Total expenses | $22,075 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115,120 |
| Other assets | $0 |
| Total assets | $118,620 |
| Total liabilities | $0 |
| Net assets or fund balances | $118,620 |