Form 990 for tax year 2023
Filed by OCEAN STATE COMMUNITY WELLNESS INC.
Totals
- Total revenue
- $650,798
- Total expenses
- $876,140
- Contributions and grants received
- $550,760
- Grants paid
- $0
- Program service revenue
- $51,537
- Investment income
- $13,366
- Other revenue
- $35,135
- Total assets, end of year
- $1,816,120
- Total liabilities, end of year
- $2,628,666
- Net assets or fund balances, end of year
- -$812,546
- Program services expenses (Part IX)
- $753,009
- Management and general expenses
- $123,131
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $753,009
Program services were 85.9% 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.
-
1b · Membership dues
$513,463
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$37,297
-
2a · Program service revenue: GYM SERVICES
total $51,537 · unrelated business $0 · excluded $0
-
3 · Investment income
total $13,366 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $34,000
-
6c · Rental income or loss
real property $34,000
-
6d · Net rental income or loss
total $34,000 · related or exempt $34,000
-
11a · Other revenue: MISCELLANEOUS
total $1,135 · related or exempt $1,135 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,135
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $343,884 · program services $237,859 · management and general $106,025 · fundraising $0
-
9 · Other employee benefits
total $6,340 · program services $2,674 · management and general $3,666 · fundraising $0
-
10 · Payroll taxes
total $36,617 · program services $28,625 · management and general $7,992 · fundraising $0
-
11c · Fees: accounting
total $6,652 · program services $6,575 · management and general $77 · fundraising $0
-
12 · Advertising and promotion
total $18,415 · program services $18,415 · management and general $0 · fundraising $0
-
13 · Office expenses
total $51,384 · program services $50,787 · management and general $597 · fundraising $0
-
16 · Occupancy
total $150,736 · program services $148,986 · management and general $1,750 · fundraising $0
-
20 · Interest
total $33,731 · program services $33,339 · management and general $392 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $171,356 · program services $169,370 · management and general $1,986 · fundraising $0
-
23 · Insurance
total $37,061 · program services $36,631 · management and general $430 · fundraising $0
-
24a · Other expenses: COMMUNITY EVENTS
total $513 · program services $513 · management and general $0 · fundraising $0
-
24b · Other expenses: DONATIONS
total $851 · program services $851 · management and general $0 · fundraising $0
-
24c · Other expenses: PROGRAM EXPENSES
total $18,600 · program services $18,384 · management and general $216 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $31,070 · end of year $42,193
-
4 · Accounts receivable
beginning of year $117,632
-
9 · Prepaid expenses and deferred charges
beginning of year $21,456 · end of year $31,405
-
10a · Land, buildings and equipment: cost or other basis
$2,430,886
-
10b · Land, buildings and equipment: accumulated depreciation
$690,614
-
10c · Land, buildings and equipment, net
beginning of year $1,873,729 · end of year $1,740,272
-
14 · Intangible assets
beginning of year $5,250 · end of year $2,250
-
17 · Accounts payable and accrued expenses
beginning of year $80,099 · end of year $72,424
-
25 · Other liabilities
beginning of year $2,556,242 · end of year $2,556,242
-
27 · Net assets without donor restrictions
beginning of year -$587,204 · end of year -$812,546
Mission and programs · 2023
Mission
The Center will serve residents of North Kingstown and the greater West Bay community of Rhode Island. The Center will have fitness space including group exercise classes, health and wellness education classes and programs, and youth
-
WELLNESS PROGRAM
Expenses $753,009 · Revenue $650,798
As filed on the 2023 return.
Listed in Part VII
-
Alan PearlmanALAN PEARLMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Mark PearlmanMARK PEARLMAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Steven AronowSTEVEN ARONOW
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
John ConfortiJOHN CONFORTI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Richard PortnoRICHARD PORTNO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
OSJ PEP INVESTMENTS LLC
N · INVESTMENTS · RI · 0% owned
Directly controlled by N
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422859349301302
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