Form 990 for tax year 2022
Filed by OCEAN REEF CULTURAL CENTER INC.
Totals
- Total revenue
- $4,664,834
- Total expenses
- $4,482,885
- Contributions and grants received
- $2,602,186
- Grants paid
- $0
- Program service revenue
- $1,322,122
- Investment income
- $740,526
- Other revenue
- $0
- Total assets, end of year
- $38,139,130
- Total liabilities, end of year
- $89,398
- Net assets or fund balances, end of year
- $38,049,732
- Program services expenses (Part IX)
- $3,951,944
- Management and general expenses
- $530,941
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,951,944
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.
-
1f · All other contributions, gifts and grants
$2,602,186
-
1g · Noncash contributions included above
$24,730
-
2a · Program service revenue: ADMISSIONS AND CONCESSION SALES
total $1,322,122 · related or exempt $1,322,122
-
3 · Investment income
total $793,506 · related or exempt $793,506
-
7a · Gross sales of assets other than inventory
securities $7,569,027
-
7b · Less cost or other basis and sales expenses
securities $7,622,007
-
7c · Gain or loss
securities -$52,980
-
7d · Net gain or loss
total -$52,980 · related or exempt -$52,980
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $528,955 · program services $370,268 · management and general $158,687
-
10 · Payroll taxes
total $184,375 · program services $129,062 · management and general $55,313
-
11c · Fees: accounting
total $42,360 · management and general $42,360
-
11f · Fees: investment management
total $61,845 · management and general $61,845
-
13 · Office expenses
total $13,372 · management and general $13,372
-
16 · Occupancy
total $361,702 · program services $361,702
-
22 · Depreciation, depletion and amortization
total $664,545 · program services $465,181 · management and general $199,364
-
23 · Insurance
total $33,455 · program services $33,455
-
24a · Other expenses: COST OF PERFORMANCES
total $2,204,128 · program services $2,204,128
-
24b · Other expenses: COST OF SEMINARS
total $177,502 · program services $177,502
-
24c · Other expenses: OTHER EXPENSE
total $133,145 · program services $133,145
-
24d · Other expenses: COST OF FILMS
total $55,174 · program services $55,174
-
24e · All other expenses
total $22,327 · program services $22,327
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $705,076 · end of year $1,084,354
-
3 · Pledges and grants receivable
beginning of year $1,484,963 · end of year $1,502,837
-
4 · Accounts receivable
beginning of year $190,743 · end of year $237,952
-
9 · Prepaid expenses and deferred charges
beginning of year $120,447 · end of year $180,405
-
10a · Land, buildings and equipment: cost or other basis
$24,555,749
-
10b · Land, buildings and equipment: accumulated depreciation
$10,509,676
-
10c · Land, buildings and equipment, net
beginning of year $14,497,800 · end of year $14,046,073
-
15 · Other assets
beginning of year $19,527,591 · end of year $21,087,509
-
17 · Accounts payable and accrued expenses
beginning of year $40,385 · end of year $64,087
-
19 · Deferred revenue
beginning of year $68,713 · end of year $25,311
-
27 · Net assets without donor restrictions
beginning of year $35,281,044 · end of year $36,957,725
-
28 · Net assets with donor restrictions
beginning of year $1,136,478 · end of year $1,092,007
Mission and programs · 2022
Mission
TO PROVIDE EDUCATIONAL PROGRAMS, ENTERTAINMENT AND CIVIC ACTIVITIES FOR THE BENEFIT AND ENJOYMENT OF ALL OCEAN REEF RESIDENTS
-
THE CENTER PROVIDES NUMEROUS CULTURAL EVENTS SUCH AS MOVIES, PLAYS, OTHER ART PERFORMANCES FOR THE BENEFIT OF OCEAN REEF COMMUNITY RESIDENTS DURING THE YEAR
Expenses $3,951,944 · Revenue $2,062,648
As filed on the 2022 return.
Listed in Part VII
-
Alan GoldsteinALAN GOLDSTEIN
CHAIRMAN EMERITUS
- Total calculated
- $0
- Hours/week
- 4
-
Alex TonarelliALEX TONARELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Juan PerezJUAN PEREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Barbara OlcottBARBARA OLCOTT
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Becky DickinsonBECKY DICKINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Bill NuttBILL NUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Bonny GothierBONNY GOTHIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Cindy BrammerCINDY BRAMMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Cynthia LeeCYNTHIA LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Fred ShermanFRED SHERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Gus HillenbrandGUS HILLENBRAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Kathie MarkelKATHIE MARKEL
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Leonard WoodLEONARD WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Lori YoungLORI YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Luisa BryanLUISA BRYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Missy AttridgeMISSY ATTRIDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tom DavidsonTOM DAVIDSON
FOUNDING CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Tom SchievelbeinTOM SCHIEVELBEIN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
John HuntJOHN HUNT
PRESIDENT
- Total calculated
- $177,675
- From this org
- $177,675
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,675
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $177,675
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
OCEAN REEF COMMUNITY FOUNDATION INC
501(C)(3) · FOUNDATION · FL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421319349302267
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