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← OCEAN TIDES CHRISTIAN BROTHERS CHARITABLE TR

Form 990 for tax year 2024

Filed by OCEAN TIDES CHRISTIAN BROTHERS CHARITABLE TR.

Totals

Total revenue
$119,636
Total expenses
$110,963
Contributions and grants received
$44,896
Grants paid
$0
Program service revenue
$27,900
Investment income
$21,066
Other revenue
$25,774
Total assets, end of year
$748,152
Total liabilities, end of year
$857
Net assets or fund balances, end of year
$747,295
Program services expenses (Part IX)
$86,913
Management and general expenses
$5,093
Fundraising expenses
$18,957
Program service expenses (Part III)
$86,913

Program services were 78.3% 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

    $6,100

  • 1f · All other contributions, gifts and grants

    $38,796

  • 1g · Noncash contributions included above

    $6,100

  • 2a · Program service revenue: TRANSPORTATION FEES

    total $20,700 · related or exempt $20,700

  • 2b · Program service revenue: TECHNOLOGY LEASES

    total $7,200 · related or exempt $7,200

  • 3 · Investment income

    total $21,066 · excluded $21,066

  • 8a · Fundraising events: gross income

    $51,000

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

    $6,100

  • 8b · Fundraising events: direct expenses

    $25,226

  • 8c · Net income from fundraising events

    total $25,774

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,170 · management and general $1,170

  • 11c · Fees: accounting

    total $1,300 · management and general $1,300

  • 11g · Fees: other

    total $9,738 · fundraising $9,738

  • 12 · Advertising and promotion

    total $9,219 · fundraising $9,219

  • 13 · Office expenses

    total $2,623 · management and general $2,623

  • 24a · Other expenses: PROFESSIONAL DEVELOPMENT

    total $33,216 · program services $33,216

  • 24b · Other expenses: HOLIDAY DONATIONS

    total $32,947 · program services $32,947

  • 24c · Other expenses: IT SUPPORT

    total $15,960 · program services $15,960

  • 24d · Other expenses: EDUCATION SUPPORT

    total $4,790 · program services $4,790

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $160,388 · end of year $129,682

  • 4 · Accounts receivable

    beginning of year $4,478 · end of year $16,349

  • 11 · Investments: publicly traded securities

    beginning of year $539,813 · end of year $591,312

  • 15 · Other assets

    beginning of year $4,550 · end of year $10,809

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,039 · end of year $857

  • 27 · Net assets without donor restrictions

    beginning of year $656,917 · end of year $696,022

  • 28 · Net assets with donor restrictions

    beginning of year $51,273 · end of year $51,273

Mission and programs · 2024

Mission

THE OCEAN TIDES CHRISTIAN BROTHERS CHARITABLE TRUST'S MISSION IS THE CARE AND SUPPORT OF THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS MISSION OF OCEAN TIDES, INC. THE OCEAN TIDES CHRISTIAN BROTHERS CHARITABLE TRUST FOCUSES ITS INTEREST AND CONCERNS IN PROVIDING SUPPORT TO MAINTAIN AND CONTINUE A LEVEL OF CARE AND SUPPORT, CONSISTENT WITH THE OCEAN TIDES, INC. AND OCEAN TIDES CHRISTIAN BROTHERS TRUST SHARED LASALLIAN MISSION.

  • THE CARE AND SUPPORT OF THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS MISSION OF OCEAN TIDES, INC.

    Expenses $86,913 · Revenue $27,900

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Sullivan

    PRESIDENT

    Total calculated
    $170,064
    From this org
    $0
    From related orgs
    $126,552
    Other
    $43,512
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $126,552 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $43,512 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $170,064 related

  • Bro James Martino Fsc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bro Michael Shubnell Fsc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bro Vincent Pelletier Fsc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Neal Kelly

    TRUSTEE

    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. 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.

  • CHRISTIAN BROTHERS CENTERCOMMUNITY

    501C3 · SUPPORT · RI

    Directly controlled by USCCB US CATHOLIC CONF OF BISHOPS

  • OCEAN TIDES INC

    501C3 · SUPPORT · RI

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.0
Source object
202521339349306067

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