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Nonprofiteer
← OCEAN TIDES INC

Form 990 for tax year 2024

Filed by OCEAN TIDES INC.

Totals

Total revenue
$6,772,307
Total expenses
$6,759,973
Contributions and grants received
$70,000
Grants paid
$0
Program service revenue
$6,636,192
Investment income
$66,115
Other revenue
$0
Total assets, end of year
$6,128,266
Total liabilities, end of year
$1,692,006
Net assets or fund balances, end of year
$4,436,260
Program services expenses (Part IX)
$5,971,115
Management and general expenses
$788,858
Fundraising expenses
$0
Program service expenses (Part III)
$5,971,115

Program services were 88.3% 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.

  • 1d · Related organizations

    $20,000

  • 1f · All other contributions, gifts and grants

    $50,000

  • 2a · Program service revenue: RESIDENTIAL - GOVT CONTRACT

    total $3,661,743 · related or exempt $3,661,743

  • 2b · Program service revenue: EDUCATION - GOVT CONTRACT

    total $2,468,250 · related or exempt $2,468,250

  • 2c · Program service revenue: TUITION

    total $440,700 · related or exempt $440,700

  • 2d · Program service revenue: MEALS

    total $65,499 · related or exempt $65,499

  • 3 · Investment income

    total $66,115 · excluded $66,115

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $311,387 · management and general $311,387

  • 7 · Other salaries and wages

    total $3,798,861 · program services $3,600,577 · management and general $198,284

  • 8 · Pension plan contributions

    total $271,780 · program services $238,079 · management and general $33,701

  • 9 · Other employee benefits

    total $610,908 · program services $535,155 · management and general $75,753

  • 10 · Payroll taxes

    total $344,663 · program services $301,925 · management and general $42,738

  • 11c · Fees: accounting

    total $21,410 · program services $18,755 · management and general $2,655

  • 11g · Fees: other

    total $62,167 · program services $62,167

  • 12 · Advertising and promotion

    total $1,018 · program services $1,018

  • 13 · Office expenses

    total $57,247 · program services $50,148 · management and general $7,099

  • 14 · Information technology

    total $50,294 · program services $44,058 · management and general $6,236

  • 16 · Occupancy

    total $441,792 · program services $387,010 · management and general $54,782

  • 22 · Depreciation, depletion and amortization

    total $120,571 · program services $105,620 · management and general $14,951

  • 23 · Insurance

    total $65,856 · program services $57,690 · management and general $8,166

  • 24a · Other expenses: DIETARY EXPENSE

    total $222,344 · program services $222,344

  • 24b · Other expenses: OTHER

    total $194,729 · program services $170,583 · management and general $24,146

  • 24c · Other expenses: AUTO EXPENSES

    total $72,261 · program services $63,301 · management and general $8,960

  • 24d · Other expenses: EDUCATION & RESIDENTIAL

    total $64,355 · program services $64,355

  • 24e · All other expenses

    total $48,330 · program services $48,330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,331,796 · end of year $1,405,398

  • 4 · Accounts receivable

    beginning of year $591,422 · end of year $598,366

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,614 · end of year $10,624

  • 10a · Land, buildings and equipment: cost or other basis

    $4,682,571

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,514,450

  • 10c · Land, buildings and equipment, net

    beginning of year $1,263,837 · end of year $1,168,121

  • 12 · Investments: other securities

    beginning of year $1,267,496 · end of year $1,453,590

  • 15 · Other assets

    beginning of year $768,854 · end of year $1,492,167

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,060 · end of year $93,347

  • 25 · Other liabilities

    beginning of year $893,397 · end of year $1,598,659

  • 27 · Net assets without donor restrictions

    beginning of year $4,267,372 · end of year $4,386,260

  • 28 · Net assets with donor restrictions

    beginning of year $2,190 · end of year $50,000

Mission and programs · 2024

Mission

TO HELP AT-RISK BOYS THROUGH A SCHOOL AND RESIDENTIAL PROGRAM TAILORED TO THE INDIVIDUAL. WE BELIEVE EACH INDIVIDUAL THAT COMES TO US IS WORTHY OF OUR RESPECT, NEEDFUL OF OUR CARE, AND CAPABLE OF SUCCESS THROUGH EVERYDAY EXPERIENCES AND INTERACTIONS IN A HIGHLY STRUCTURED PROGRAM.

Activities or mission (Part I)

TO TREAT, REHABILITATE, AND EDUCATE PREDELINQUENT YOUTHS AND NEGLECTED CHILDREN.

  • OCEAN TIDES SCHOOL IS ONE SCHOOL WITH TWO CAMPUSES. OCEAN TIDES SCHOOL NARRGANSETT CAMPUS IS LOCATED IN NARRAGANSETT, RHODE ISLAND. IT IS A RESIDENTIAL SCHOOL FOR STUDENTS WHO ARE IN THE OCEAN TIDES RESIDENTIAL PROGRAM. IT IS FOR BOYS IN GRADES EIGHT THROUGH TWELVE. OCEAN TIDES SCHOOL PROVIDENCE CAMPUS IS LOCATED IN PROVIDENCE, RHODE ISLAND. IT IS A DAY SCHOOL. IT IS AN ALTERNATIVE SCHOOL FOR BOYS IN GRADES NINE THROUGH TWELVE. AT BOTH CAMPUSES, STUDENTS ARE OFFERED A FULL HIGH SCHOOL DIPLOMA. BOTH CAMPUSES ARE FULLY ACCREDITED BY THE RHODE ISLAND DEPARTMENT OF EDUCATION INCLUDING SPECIAL EDUCATION. IT IS THE RESPONSIBILITY OF THE EDUCATION COMPONENT TO PROVIDE ONGOING EDUCATIONAL SERVICES TO THE YOUNGSTERS IN THE PROGRAM. GIVEN THE SEVERE EDUCATIONAL PROBLEMS THAT THE OCEAN TIDES YOUNGSTER HAS EXPERIENCED IN THE PAST, THE SCHOOL PROGRAM IS ONE THAT SEEKS TO PROVIDE CREATIVE, INDIVIDUALIZED PROGRAMS THAT MEET THE NEEDS OF EACH YOUNGSTERS ENTRUSTED TO OUR CARE.

    Expenses $2,337,130 · Revenue $2,908,950

  • OCEAN TIDES OFFERS RESIDENTIAL SERVICES FOR AT-RISK BOYS. THE RESIDENTIAL PROGRAM IS BROKEN DOWN INTO THREE COMPONENTS: GROUP LIVING, EXTENSIONS, AND SOCIAL SERVICES. THE ROLE OF THE GROUP LIVING CCOMPONENT IN THE TOTAL TREATMENT PLAN IS ONE THAT ASSURES RESPONSIBILITY FOR THE EVERYDAY LIVING OF THE YOUNGSTERS IN THE NARRAGANSETT FACILITY. THERE IS AN ATTEMPT TO CREATE A WARM ATMOSPHERE WHERE YOUNGSTERS WILL GROW PHYSICALLY, EMOTIONALLY, AND SPIRITUALLY; THIS IS AN ATMOSPHERE CREATED ON THE BASIS OF CONCERN, RESPONSIBILITY AND TRUST. THE EXTENSIONS PROVIDE A YOUNGSTER WITH THE OPPORTUNITY TO RETURN TO THE COMMUNITY, WHILE STILL A PART OF THE OCEAN TIDES PROGRAM. THE SOCIAL SERVICES COMPONENT OF THE PROGRAM IS RESPONSIBLE FOR PROVIDING SERVICES FOR THE YOUNGSTERS AND THEIR FAMILIES IN THE ENTIRE OCEAN TIDES PROGRAM. THE SOCIAL SERVICES DEPARTMENT ESTABLISHED REGULAR CONTACT WITH THE YOUNGSTERS AND THEIR FAMILIES, PROVIDING FOR COUNSELING SERVICES, SUPPORT SYSTEMS AND OTHER NEEDS WHICH MIGHT BE APPARENT IN AN INDIVIDUAL SITUATION.

    Expenses $3,633,985 · Revenue $3,727,242

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

Listed in Part VII

  • Neil Kelly

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Judy Van Wyk

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • William Wolff

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Br John McGann Fsc

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Brian Sullivan

    PRESIDENT

    Total calculated
    $173,851
    From this org
    $126,552
    From related orgs
    $0
    Other
    $47,299
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,552
    Bonus
    not reported
    Other
    not reported
    Deferred
    $47,299
    Nontaxable benefits
    not reported
    Filer's total
    $173,851
  • Greg Bertles

    PAST CHAIRMA

    Total calculated
    $0
    Hours/week
    1
  • William Gallogly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joseph Cavanagh III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dennis Diprete

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Zorabedian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Winter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Heather Ferro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • James Swallow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David Wallace

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Raymond Karasek III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • James Logan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Beth Bixby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Iovino

    DIR. OF FINA

    Total calculated
    $127,024
    From this org
    $100,333
    From related orgs
    $0
    Other
    $26,691
    Hours/week
    40
  • Armand Monaco

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joseph Philbin

    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

  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2024
Filed
22 October 2025
IRS schema version
2024v5.0
Source object
202502959349301445

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