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Nonprofiteer
← OCEAN FEST INC

Form 990 for tax year 2023

Filed by OCEAN FEST INC.

Totals

Total revenue
$195,966
Total expenses
$119,355
Contributions and grants received
$159,027
Grants paid
$67,700
Program service revenue
$0
Investment income
$0
Other revenue
$36,939
Total assets, end of year
$208,705
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$208,705
Program services expenses (Part IX)
$105,326
Management and general expenses
$10,591
Fundraising expenses
$3,438
Program service expenses (Part III)
$105,326

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $91,818

  • 1f · All other contributions, gifts and grants

    $67,209

  • 8a · Fundraising events: gross income

    $79,927

  • 8a · Fundraising events: contributions included on line 1c

    $91,818

  • 8b · Fundraising events: direct expenses

    $68,964

  • 8c · Net income from fundraising events

    total $10,963 · excluded $10,963

  • 9a · Gaming: gross income

    $7,480

  • 9c · Net income from gaming

    total $7,480 · excluded $7,480

  • 10a · Gross sales of inventory

    $66,316

  • 10b · Cost of goods sold

    $47,820

  • 10c · Net income from sales of inventory

    total $18,496 · related or exempt $18,496

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $67,700 · program services $67,700

  • 5 · Compensation of officers, directors and key employees

    total $22,917 · program services $17,187 · management and general $2,292 · fundraising $3,438

  • 11b · Fees: legal

    total $4,699 · management and general $4,699

  • 11c · Fees: accounting

    total $3,600 · management and general $3,600

  • 12 · Advertising and promotion

    total $7,346 · program services $7,346

  • 13 · Office expenses

    total $37 · program services $37

  • 14 · Information technology

    total $2,522 · program services $2,522

  • 16 · Occupancy

    total $2,161 · program services $2,161

  • 19 · Conferences, conventions and meetings

    total $780 · program services $780

  • 23 · Insurance

    total $1,939 · program services $1,939

  • 24a · Other expenses: Supplies

    total $5,195 · program services $5,195

  • 24b · Other expenses: Printing and Postage

    total $360 · program services $360

  • 24c · Other expenses: Bank and Merchant fees

    total $99 · program services $99

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $132,094 · end of year $208,162

  • 4 · Accounts receivable

    end of year $543

  • 27 · Net assets without donor restrictions

    beginning of year $132,094 · end of year $208,705

Mission and programs · 2023

Mission

Fundraising and education to protect the ocean and marine environments.

  • Awarded thirteen grants to nonprofits that are working to protect our precious marine environments.

    Expenses $67,700 · Grants $67,700

  • Presented large festival that includes outreach and education with approximately 10,000 in attendance.

    Expenses $33,864

  • Presented small pop up outreach and educational events in the community with hundreds in attendance.

    Expenses $3,762

As filed on the 2023 return.

Listed in Part VII

  • Jody Fletcher

    Event Operations Manager

    Total calculated
    $22,917
    From this org
    $22,917
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Cody Leutgens

    Director

    Total calculated
    $0
    Hours/week
    1

  • Josh Kendrick

    Director

    Total calculated
    $0
    Hours/week
    1

  • Penn Newhard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cory Sydes

    Director

    Total calculated
    $0
    Hours/week
    3

  • Mark Anders

    Chairman

    Total calculated
    $0
    Hours/week
    15

  • Ilene Anders

    Corp Dev Director Secretary

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
22 May 2024
IRS schema version
2023v5.0
Source object
202441539349300104

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