Ocean State Charity Events Inc
- Assets
- $2.3k
- Revenue
- $245.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Coventry, RI
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-3372937
Organization Overview
Ocean State Charity Events Inc is located in Coventry, RI. The organization was established in 2019. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, 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 State Charity Events Inc 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 12/2023, Ocean State Charity Events Inc generated $245.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $250.5k during the year ending 12/2023. While expenses have increased by 4.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EVENT AND ONLINE SALE OF MEMORABILIA TO BENEFIT VARIOUS CHARITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE / AUCTION OF SPORTS AND OTHER MEMORABILIA FOR CHARITABLE PURPOSES
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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 | $245,942 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,942 |
| 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. | $2,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,050 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $382 |
| Office expenses | $3,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,502 |
| Total functional expenses | $250,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,250 |
| 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 | $2,250 |
| Accounts payable and accrued expenses | $15,589 |
| 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 | $14,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,889 |
| Net assets without donor restrictions | $0 |
| 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 | -$27,639 |
| Total liabilities and net assets/fund balances | $2,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Actblue Charities Inc Somerville, MA | $11,605,594 | $80,603,612 |
Hebrew Seniorlife Inc Boston, MA | $314,427,394 | $14,582,927 |
Center For Effective Philanthropy Inc Cambridge, MA | $22,242,124 | $13,668,584 |
Allied Community Services Inc Enfield, CT | $1,613,743 | $1,317,373 |
Social Movement Technologies Foundation Inc Bloomfield, CT | $1,300,212 | $760,578 |
Innovative Solutions For Non-Profits Inc Cranston, RI | $0 | $7,797 |
Ocean State Charity Events Inc Coventry, RI | $2,250 | $245,942 |
Capital City Education Foundation Inc Glastonbury, CT | $2,261,544 | $347,995 |