Civic Intelligence

Ocean Community Chamber Foundation

EIN 05-0494495 • 501(c)3 • Westerly, RI

Profile

Educational and economic development

One Chamber WayWesterly, RI 02891
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.46x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

0.51x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

12th percentile

-64%

Higher net margin than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

22nd percentile

-37%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

-7.2%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$102,022

Down $58,673 (-37%) from 2023

Liabilities

Flat

$46,437

Flat from 2023

Net Assets

Down

$55,585

Down $58,673 (-51%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin12th percentile

Revenue

Down

$91,929

Down $7,085 (-7.2%) from 2023

Expenses

Up

$150,602

Up $51,772 (+52%) from 2023

Net Income

Down

-$58,673

Down $58,857 (-31988%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2010: $62,546Net Assets 2010: $62,5462010Assets 2011: $54,410Liabilities 2011: $0Net Assets 2011: $54,4102011Assets 2012: $45,752Liabilities 2012: $162Net Assets 2012: $45,5902012Assets 2013: $55,511Liabilities 2013: $222Net Assets 2013: $55,2892013Assets 2014: $55,104Liabilities 2014: $0Net Assets 2014: $55,1042014Assets 2015: $37,887Liabilities 2015: $02015Assets 2016: $54,197Liabilities 2016: $0Net Assets 2016: $54,1972016Assets 2017: $124,480Liabilities 2017: $0Net Assets 2017: $124,4802017Assets 2018: $97,939Liabilities 2018: $53,478Net Assets 2018: $44,4612018Assets 2019: $145,400Liabilities 2019: $83,605Net Assets 2019: $61,7952019Assets 2020: $183,788Liabilities 2020: $39,935Net Assets 2020: $143,8532020Assets 2021: $127,173Liabilities 2021: $39,935Net Assets 2021: $87,2382021Assets 2022: $154,009Liabilities 2022: $39,935Net Assets 2022: $114,0742022Assets 2023: $160,695Liabilities 2023: $46,437Net Assets 2023: $114,2582023Assets 2024: $102,022Liabilities 2024: $46,437Net Assets 2024: $55,5852024

Highlighted filing

2024

Assets$102,022
Liabilities$46,437
Net Assets$55,585
Open 2024 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $38,744Expenses 2010: $79,898Net Income 2010: -$41,1542010Revenue 2011: $65,511Expenses 2011: $73,647Net Income 2011: -$8,1362011Revenue 2012: $130,890Expenses 2012: $139,710Net Income 2012: -$8,8202012Revenue 2013: $488,250Expenses 2013: $478,551Net Income 2013: $9,6992013Revenue 2014: $98,259Expenses 2014: $98,444Net Income 2014: -$1852014Revenue 2015: $59,676Expenses 2015: $76,893Net Income 2015: -$17,2172015Revenue 2016: $115,558Expenses 2016: $99,248Net Income 2016: $16,3102016Revenue 2017: $174,135Expenses 2017: $103,853Net Income 2017: $70,2822017Revenue 2018: $160,220Expenses 2018: $240,239Net Income 2018: -$80,0192018Revenue 2019: $116,496Expenses 2019: $99,162Net Income 2019: $17,3342019Revenue 2020: $183,619Expenses 2020: $101,561Net Income 2020: $82,0582020Revenue 2021: $116,637Expenses 2021: $173,252Net Income 2021: -$56,6152021Revenue 2022: $104,541Expenses 2022: $77,705Net Income 2022: $26,8362022Revenue 2023: $99,014Expenses 2023: $98,830Net Income 2023: $1842023Revenue 2024: $91,929Expenses 2024: $150,602Net Income 2024: -$58,6732024

Highlighted filing

2024

Revenue$91,929
Expenses$150,602
Net Income-$58,673
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$102,022
Liabilities
$46,437
Net assets
$55,585
Revenue
$91,929
Expenses
$150,602
Net income
-$58,673
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.02$0.46$0.56$0.92$1.51$0.59
2023Detailed filing. Detailed filing data is available for this year.$1.61$0.46$1.14$0.99$0.99$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.54$0.40$1.14$1.05$0.78$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.40$0.87$1.17$1.73$0.57
2020Detailed filing. Detailed filing data is available for this year.$1.84$0.40$1.44$1.84$1.02$0.82
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.84$0.62$1.16$0.99$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.98$0.53$0.44$1.60$2.40$0.80
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$1.74$1.04$0.70
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$1.16$0.99$0.16
2015Summary only. Only limited summary data is available for this year.$0.38$0.00$0.60$0.77$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.98$0.98$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.55$4.88$4.79$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$1.31$1.40$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.54$0.66$0.74$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.63$0.39$0.80$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$132,902
Mission and Program Overview

Mission

Educational and economic development

Program Services

DescriptionGrantsExpenses
FUNDRAISED AND CONTRIBUTED TO LOCAL TOURIST INFO AND CHAMBER OF COMMERCE BUILDING EXPANSION FUND-$98,681
PRODUCED AN ATHENA AWARD PROGRAM TO RECOGNIZE THOSE WHO HAVE WORKED TO ADVANCE WOMEN IN BUSINESSS AND PROVIDED SMALL SCHOLARSHIPS TO ASPIRING WOMEN ENTERING COLLEGE.-$20,950
MAINTAINED AN AREA WEBSITE TO PROMOTE BUSINESS AND TOURISM.-$5,461
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LISA KONICKIDirectorPT$0--
SUZIE FLORES1st Vice President-$0--
MICHAEL F BENEVIDESTreasurer-$0--
KELSEY BYRNESecretary-$0--
JOHN LAYTONImmediate Past President-$0--
JOANNA VALENTINIPresident-$0--
DANIEL LATHROP2nd Vice President-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Duck Race----
Filing and Contact Details

Filer

Filer Name
Ocean Community Chamber Foundation
EIN
05-0494495
Address
ONE CHAMBER WAY, WESTERLY, RI 02891

Signing Officer

Name
Michael F Benevides
Title
Treasurer
Phone
4015969797
Signed
2025-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Benevides and Turano LLC
Address
85 BEACH ST BLDG B 2ND FL, WESTERLY, RI 02891
Preparer
Michael F Benevides CPA
Phone
4015969797
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amountprogram expenses 125,280donations 23,374depreciation 1,595bank charges 6miscellaneous 347”

Description of other assets Part II line 24

“Category beginning of year end of yearequipment net of depreciation 7,167 5,572”

Description of total liabilities Part II line 26

“Category beginning of year end of yeartown celebrations funds 39,936 39,936town mural funds 6,501 6,501”

Other program services Part III line 31

“-various projects related to economic development.-provided seasonal plants in downtown area.-donated to various other nonprofits.”

Raw XML Appendix187 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5PRESIDENT
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IRS990EZ/OperateHospitalInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTPROGRAM EXPENSES 125,280DONATIONS 23,374DEPRECIATION 1,595BANK CHARGES 6MISCELLANEOUS 347
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEAREQUIPMENT NET OF DEPRECIATION 7,167 5,572
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
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ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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