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Nonprofiteer
← OCEAN VIEW MEMORIAL FOUNDATION INC

Form 990 for tax year 2024

Filed by OCEAN VIEW MEMORIAL FOUNDATION INC.

Totals

Total revenue
$471,594
Total expenses
$283,377
Contributions and grants received
$0
Grants paid
$212,438
Program service revenue
$0
Investment income
$471,594
Other revenue
$0
Total assets, end of year
$5,833,281
Total liabilities, end of year
$1,250
Net assets or fund balances, end of year
$5,832,031
Program services expenses (Part IX)
$212,438
Management and general expenses
$70,939
Fundraising expenses
$0
Program service expenses (Part III)
$212,438

Program services were 75.0% 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.

  • 3 · Investment income

    total $139,197 · excluded $139,197

  • 7a · Gross sales of assets other than inventory

    securities $7,115,621

  • 7b · Less cost or other basis and sales expenses

    securities $6,783,224

  • 7c · Gain or loss

    securities $332,397

  • 7d · Net gain or loss

    total $332,397 · excluded $332,397

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $132,438 · program services $132,438

  • 2 · Grants to domestic individuals

    total $80,000 · program services $80,000

  • 11a · Fees: management

    total $32,297 · management and general $32,297

  • 11c · Fees: accounting

    total $7,500 · management and general $7,500

  • 11f · Fees: investment management

    total $22,425 · management and general $22,425

  • 12 · Advertising and promotion

    total $4,423 · management and general $4,423

  • 13 · Office expenses

    total $381 · management and general $381

  • 23 · Insurance

    total $3,913 · management and general $3,913

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,138

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,261 · end of year $3,261

  • 11 · Investments: publicly traded securities

    beginning of year $5,641,091 · end of year $5,830,020

  • 17 · Accounts payable and accrued expenses

    end of year $1,250

  • 27 · Net assets without donor restrictions

    beginning of year $5,769,490 · end of year $5,832,031

Mission and programs · 2024

Mission

EXTEND GRANTS AND SCHOLARSHIPS

  • PROVIDE SCHOLARSHIPS IN THE MYRTLE BEACH AREA ON THE BASIS OF NEED AND MERIT

    Expenses $80,000 · Grants $80,000

  • ASSIST ANY HEALTH CARE AND RELATED FACILITIES IN THE MYRTLE BEACH AREA WHICH WOULD QUALIFY FOR AN EXEMPTION UNDER THE PROVISIONS OF SECTION 501(C)(3), 509(A)(1) OR 509(A)(2)

    Expenses $107,438 · Grants $107,438

  • EDUCATIONAL GRANTS TO THE HORRY-GEORGETOWN TECHNICAL COLLEGE FOUNDATION

    Expenses $25,000 · Grants $25,000

As filed on the 2024 return.

Listed in Part VII

  • LEANN MISCHEL

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • DARLENE COLLINS

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • DR TRACEY NELSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JON CRAIG HOWELL JR

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DAVID MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DR GARY VUKOU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN KRAJC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
2024
Filed
30 May 2025
IRS schema version
2024v5.1
Source object
202511759349300246

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