Civic Intelligence

Oshean Inc.

990 • Fiscal year 2020 • EIN 05-0509325

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 18, 2020

6946 Post Road No 402North Kingstown, RI 02852

(401) 398-7500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.19x

Higher debt load relative to assets than 42% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.76x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

12th percentile

-19%

Higher net margin than 12% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

59th percentile

$285,948

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

21st percentile

-1.1%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

8.0%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$32,997,928

Down $367,838 (-1.1%) from 2019

Net Assets

Down

$26,787,353

Down $1,530,255 (-5.4%) from 2019

Liabilities

Up

$6,210,575

Up $1,162,417 (+23%) from 2019

Revenue

Up

$8,200,109

Up $609,212 (+8.0%) from 2019

Expenses

Up

$9,787,283

Up $8,847 (+0.1%) from 2019

Net Income

Up

-$1,587,174

Up $600,365 (+27%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $12,429,798Liabilities 2011: $1,178,765Net Assets 2011: $11,251,0332011Assets 2012: $30,814,703Liabilities 2012: $5,695,843Net Assets 2012: $25,118,8602012Assets 2013: $38,945,842Liabilities 2013: $5,429,625Net Assets 2013: $33,516,2172013Assets 2014: $40,513,684Liabilities 2014: $2,065,601Net Assets 2014: $38,448,0832014Assets 2015: $38,599,754Liabilities 2015: $2,094,350Net Assets 2015: $36,505,4042015Assets 2016: $37,856,637Liabilities 2016: $3,357,518Net Assets 2016: $34,499,1192016Assets 2017: $35,813,216Liabilities 2017: $3,262,543Net Assets 2017: $32,550,6732017Assets 2018: $34,335,805Liabilities 2018: $3,834,514Net Assets 2018: $30,501,2912018Assets 2019: $33,365,766Liabilities 2019: $5,048,158Net Assets 2019: $28,317,6082019Assets 2020: $32,997,928Liabilities 2020: $6,210,575Net Assets 2020: $26,787,3532020Assets 2021: $32,434,488Liabilities 2021: $6,322,411Net Assets 2021: $26,112,0772021Assets 2022: $30,440,136Liabilities 2022: $6,218,297Net Assets 2022: $24,221,8392022Assets 2023: $29,595,438Liabilities 2023: $5,887,387Net Assets 2023: $23,708,0512023Assets 2024: $29,461,979Liabilities 2024: $6,363,166Net Assets 2024: $23,098,8132024Assets 2025: $28,762,989Liabilities 2025: $6,806,346Net Assets 2025: $21,956,6432025

Highlighted filing

2020

Assets$32,997,928
Liabilities$6,210,575
Net Assets$26,787,353

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $13,414,386Expenses 2011: $4,960,930Net Income 2011: $8,453,4562011Expenses 2012: $5,141,5112012Revenue 2013: $13,317,163Expenses 2013: $6,864,891Net Income 2013: $6,452,2722013Revenue 2014: $13,151,907Expenses 2014: $7,291,203Net Income 2014: $5,860,7042014Revenue 2015: $6,660,042Expenses 2015: $8,574,535Net Income 2015: -$1,914,4932015Revenue 2016: $6,461,044Expenses 2016: $8,503,310Net Income 2016: -$2,042,2662016Revenue 2017: $7,102,494Expenses 2017: $9,025,361Net Income 2017: -$1,922,8672017Revenue 2018: $7,259,902Expenses 2018: $9,288,869Net Income 2018: -$2,028,9672018Revenue 2019: $7,590,897Expenses 2019: $9,778,436Net Income 2019: -$2,187,5392019Revenue 2020: $8,200,109Expenses 2020: $9,787,283Net Income 2020: -$1,587,1742020Revenue 2021: $9,308,754Expenses 2021: $9,880,170Net Income 2021: -$571,4162021Revenue 2022: $8,682,560Expenses 2022: $10,424,368Net Income 2022: -$1,741,8082022Revenue 2023: $9,946,606Expenses 2023: $10,473,240Net Income 2023: -$526,6342023Revenue 2024: $10,511,592Expenses 2024: $11,154,068Net Income 2024: -$642,4762024Revenue 2025: $9,735,483Expenses 2025: $10,922,282Net Income 2025: -$1,186,7992025

Highlighted filing

2020

Revenue$8,200,109
Expenses$9,787,283
Net Income-$1,587,174
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 18, 2020
Return Version
2019v5.1
Gross Receipts
$12,777,288
Mission and Program Overview

Mission

Oshean, inc. Is dedicated to providing a commercial grade telecommunications infrastructure that will serve the current and future technology needs of its member organizations.

Oshean, inc. Is a non-profit coalition of universities, hospitals, libraries, k-12 schools, government agencies and other nonprofit organizations dedicated to providing innovative internet-based technology solutions for its member institutions and the communities they serve. The organization is an active member of the rhode island technology community, regularly contributes expertise and resources to a wide range of initiatives from school enrichment activities to community forums on technology-related issues in the public interest. Oshean, inc. Regularly pursues opportunities for local, regional and national collaboration and plays a national leadership role in professional education for its professionals and policy development in the information technology arena.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,242,607$25,673,509▼ $569,098
Savings and Temporary Cash Investments$3,761,564$3,675,409▼ $86,155
Prepaid Expenses and Deferred Charges$1,038,944$1,203,897▲ $164,953
Investments in Publicly Traded Securities$866,849$954,718▲ $87,869
Accounts Receivable$442,935$858,860▲ $415,925
Cash and Non-Interest-Bearing Accounts$1,008,859$627,527▼ $381,332
Total Assets$33,365,766$32,997,928▼ $367,838
Other Assets Total$4,008$4,008→ $0
Liabilities
Other Liabilities$2,675,921$3,891,946▲ $1,216,025
Accounts Payable and Accrued Expenses$1,152,497$1,190,968▲ $38,471
Deferred Revenue$1,219,740$1,127,661▼ $92,079
Total Liabilities$5,048,158$6,210,575▲ $1,162,417
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,317,608$26,787,353▼ $1,530,255
Total Net Assets Fund Balance$28,317,608$26,787,353▼ $1,530,255
Total Liabilities and Net Assets / Fund Balance$33,365,766$32,997,928▼ $367,838

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$21,749,890$9,390,439$31,140,329
Equipment$3,894,228$10,582,818$14,477,046
Leasehold Improvements$29,391$127,938$157,329
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David C MarblePresident/CEOFT$219,171$66,777$285,948
Mark MontaltoDirector - Bus. DevelopmenFT$139,418$54,119$193,537
Timothy a RueChief Tech. OfficerFT$147,752$45,603$193,355
Claude J TolbertCOOPT$131,647$56,664$188,311
Jonathan DomenSenior Network ArchitectFT$119,326$41,654$160,980

Board Members and Trustees

NameTitle
David PorterChair
Paul FontaineVice Chair
Doug AlexanderBoard Member
Irving BrucksteinBoard Member
Jacques LaflammeBoard Member
Michael KramerBoard Member
Roy GalangBoard Member
Stephen SpohnBoard Member
Tammy AndersonBoard Member
Tim WellsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,068,115
Investment Income
$131,994
Other Revenue
$0
Change in Net Assets
$-1,587,174

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,188,278
Revenue Not Reported on Financial Statements
$11,831
Revenue Not Reported on Form 990
$56,919
Total Revenue per Audited Statements
$8,245,197
Total Revenue per Form 990
$8,200,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,703,106
Salaries, Compensation, and Employee Benefits$3,084,177
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,757,286--$2,757,286
Other Salaries and Wages$1,510,986$392,059-$1,903,045
Current Officers, Directors, Trustees, and Key Employees$294,839$168,756-$463,595
Other Employee Benefits$251,342$62,973-$314,315
Other Expenses$286,071--$286,071
Pension Plan Contributions$185,453$46,086-$231,539
Payroll Taxes$132,196$39,487-$171,683
Occupancy$131,981$39,423-$171,404
Advertising$110,205$20,992-$131,197
Interest$19,590$69,456-$89,046
Fees for Services Other$85,877--$85,877
Insurance$47,055$14,055-$61,110
Fees for Services Accounting-$42,389-$42,389
All Other Expenses$22,010$15,757-$37,767
Office Expenses$24,100$7,199-$31,299
Conferences and Meetings$15,722$14,512-$30,234
Travel$27,764--$27,764
Information Technology$20,985--$20,985
Fees for Service Investment Mgmnt Fees-$11,831-$11,831
Fees for Services Legal$5,988--$5,988
Total Functional Expenses$8,842,308$944,975$0$9,787,283

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,787,283
Expenses per Audited Statements$9,775,452
Total Expenses per Audited Statements$9,775,452
Expenses Not Reported on Financial Statements$11,831
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$3,891,946
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the external auditors and reviewed by management. Once all are satisfied with the form, it is finalized and a copy is sent to all board members. At the subsequent board meeting, the board is asked if they have any questions or comments, and a general review of the form is conducted by management. Revisions, corrections, etc. Are made as necessary. Subsequent to this meeting, the form is then submitted to the irs.

Form 990, Part VI, Section B, Line 12C

Each year the organization's conflict of interest policy is provided to all officers, directors and key employees. These people are asked to review the policy and sign a statement indicating that they understand the policy and have reported all potential conflicts during the past year in accordance with the policy, and will report all potential conflicts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter into the transaction.

Form 990, Part VI, Section B, Line 15

Annually the board conducts a performance review and evaluation of the president/ceo. The review also establishes the individual's compensation for the following year. This process involves the evaluation of the individual and a review of compensation of comparable positions obtained from compensation surveys. The board's deliberation and decision is noted in the minutes of the meeting.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents (articles of incorporation and by-laws), its conflict of interest policy and financial statements available upon request. The organization will mail copies upon request or provide copies to those who come to the administrative offices during normal business hours. The organization charges for the copies in accordance with irs regulations.

Filing and Contact Details

Filer

Filer Name
Oshean Inc
EIN
05-0509325
Phone
4013987500
Address
6946 POST ROAD NO 402, NORTH KINGSTOWN, RI 02852

Signing Officer

Name
David Marble
Title
President/CEO
Phone
4013987500
Signed
2020-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Marble
Formed
1999
Legal Domicile
Ri
Voting Board Members
10
Independent Board Members
10
Employees
30
Volunteers
0

Preparer

Firm
Kahn Litwin Renza & Co Ltd
Address
951 NORTH MAIN STREET, PROVIDENCE, RI 02904
Preparer
Sandy Ross
Phone
4012742001
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes as a public charity under section 501(c)(3) of the internal revenue code. Management believes that the organization operates in a manner consistent with their tax-exempt status at both the state and federal level. The organization annually files irs form 990 - return of organization exempt from income tax, reporting various information that the irs uses to monitor the activities of tax-exempt entities. These tax returns are subject to review by the taxing authorities generally for a period of three years after they were filed. The organization currently has no tax examinations in progress.

Raw XML AppendixShowing 400 of 591 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01152497
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01190968
IRS990/AccountsReceivableGrp/BOYAmt0442935
IRS990/AccountsReceivableGrp/EOYAmt0858860
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OSHEAN, INC. IS A NON-PROFIT COALITION OF UNIVERSITIES, HOSPITALS, LIBRARIES, K-12 SCHOOLS, GOVERNMENT AGENCIES AND OTHER NONPROFIT ORGANIZATIONS DEDICATED TO PROVIDING INNOVATIVE INTERNET-BASED TECHNOLOGY SOLUTIONS FOR ITS MEMBER INSTITUTIONS AND THE COMMUNITIES THEY SERVE. THE ORGANIZATION IS AN ACTIVE MEMBER OF THE RHODE ISLAND TECHNOLOGY COMMUNITY, REGULARLY CONTRIBUTES EXPERTISE AND RESOURCES TO A WIDE RANGE OF INITIATIVES FROM SCHOOL ENRICHMENT ACTIVITIES TO COMMUNITY FORUMS ON TECHNOLOGY-RELATED ISSUES IN THE PUBLIC INTEREST. OSHEAN, INC. REGULARLY PURSUES OPPORTUNITIES FOR LOCAL, REGIONAL AND NATIONAL COLLABORATION AND PLAYS A NATIONAL LEADERSHIP ROLE IN PROFESSIONAL EDUCATION FOR ITS PROFESSIONALS AND POLICY DEVELOPMENT IN THE INFORMATION TECHNOLOGY ARENA.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt020992
IRS990/AdvertisingGrp/ProgramServicesAmt0110205
IRS990/AdvertisingGrp/TotalAmt0131197
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt015757
IRS990/AllOtherExpensesGrp/ProgramServicesAmt022010
IRS990/AllOtherExpensesGrp/TotalAmt037767
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DAVID MARBLE
IRS990/BooksInCareOfDetail/PhoneNum04013987500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06946 POST ROAD SUITE 402
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORTH KINGSTOWN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002852
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01008859
IRS990/CashNonInterestBearingGrp/EOYAmt0627527
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0168756
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0294839
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0463595
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt014512
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt015722
IRS990/ConferencesMeetingsGrp/TotalAmt030234
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0131994
IRS990/CYOtherExpensesAmt06703106
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt08068115
IRS990/CYRevenuesLessExpensesAmt0-1587174
IRS990/CYSalariesCompEmpBnftPaidAmt03084177
IRS990/CYTotalExpensesAmt09787283
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt08200109
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01219740
IRS990/DeferredRevenueGrp/EOYAmt01127661
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02757286
IRS990/DepreciationDepletionGrp/TotalAmt02757286
IRS990/Desc0OSHEAN HAS ESTABLISHED AND MAINTAINS INTERNET SERVICES AT 19 LOCAL AREA COLLEGES AND UNIVERSITIES, 8 HEALTHCARE NETWORKS, 11 STATE AND LOCAL AGENCIES, 88 GRADES K-12 AND PUBLIC LIBRARIES, AND 10 NOT-FOR-PROFIT ORGANIZATIONS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt030
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt08842308
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt042389
IRS990/FeesForServicesAccountingGrp/TotalAmt042389
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05988
IRS990/FeesForServicesLegalGrp/TotalAmt05988
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt085877
IRS990/FeesForServicesOtherGrp/TotalAmt085877
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt011831
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt011831
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1056777
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1149164
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1239603
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1337654
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1448119
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm1PAUL FONTAINE
IRS990/Form990PartVIISectionAGrp/PersonNm2DOUG ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm3ROY GALANG
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL KRAMER
IRS990/Form990PartVIISectionAGrp/PersonNm5TIM WELLS
IRS990/Form990PartVIISectionAGrp/PersonNm6JACQUES LAFLAMME
IRS990/Form990PartVIISectionAGrp/PersonNm7STEPHEN SPOHN
IRS990/Form990PartVIISectionAGrp/PersonNm8TAMMY ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm9IRVING BRUCKSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVID C MARBLE
IRS990/Form990PartVIISectionAGrp/PersonNm11CLAUDE J TOLBERT
IRS990/Form990PartVIISectionAGrp/PersonNm12TIMOTHY A RUE
IRS990/Form990PartVIISectionAGrp/PersonNm13JONATHAN DOMEN
IRS990/Form990PartVIISectionAGrp/PersonNm14MARK MONTALTO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10229171
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11139147
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12153752
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13123326
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14145418
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11COO
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF TECH. OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SENIOR NETWORK ARCHITECT
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR - BUS. DEVELOPMEN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt016443
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt04593622
IRS990/GrossReceiptsAmt012777288
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt020985
IRS990/InformationTechnologyGrp/TotalAmt020985
IRS990/InsuranceGrp/ManagementAndGeneralAmt014055
IRS990/InsuranceGrp/ProgramServicesAmt047055
IRS990/InsuranceGrp/TotalAmt061110
IRS990/InterestGrp/ManagementAndGeneralAmt069456
IRS990/InterestGrp/ProgramServicesAmt019590
IRS990/InterestGrp/TotalAmt089046
IRS990/InvestmentIncomeGrp/ExclusionAmt0115551
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0115551
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0866849
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0954718
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020101195
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026242607
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025673509
IRS990/LandBldgEquipCostOrOtherBssAmt045774704
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04577179
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OSHEAN, INC. IS DEDICATED TO BUILDING, THROUGH THE USE OF INNOVATIVE PRACTICES, A COMMUNICATIONS INFRASTRUCTURE THAT WILL SERVE THE NEEDS OF RHODE ISLAND'S INSTITUTIONS OF HIGHER EDUCATION, STATE AND FEDERAL GOVERNMENT AGENCIES, NON-PROFIT RESEARCH ORGANIZATIONS, WORKFORCE DEVELOPMENT INITIATIVES, AND ECONOMIC DEVELOPMENT EFFORTS NOW AND IN THE FUTURE. OSHEAN, INC. IS COMMITTED TO DEVELOPING NETWORK EXPERTISE AMONG ITS MEMBER ORGANIZATIONS AND TO CREATING AN ENVIRONMENT THAT ENCOURAGES COLLABORATION THROUGH SHARED RESOURCES, INFORMATION AND EXPERTISE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt028317608
IRS990/NetAssetsOrFundBalancesEOYAmt026787353
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt016443
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt016443
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt056919
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt028317608
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt026787353
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt039423
IRS990/OccupancyGrp/ProgramServicesAmt0131981
IRS990/OccupancyGrp/TotalAmt0171404
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07199
IRS990/OfficeExpensesGrp/ProgramServicesAmt024100
IRS990/OfficeExpensesGrp/TotalAmt031299
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04008
IRS990/OtherAssetsTotalGrp/EOYAmt04008
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt062973
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0251342
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0314315
IRS990/OtherExpensesGrp/Desc0TRANSPORT EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2CLOUD SERVICES EXPENSES
IRS990/OtherExpensesGrp/Desc3CORE NETWORK EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt01466529
IRS990/OtherExpensesGrp/ProgramServicesAmt1786845
IRS990/OtherExpensesGrp/ProgramServicesAmt2659484
IRS990/OtherExpensesGrp/ProgramServicesAmt3286071
IRS990/OtherExpensesGrp/TotalAmt01466529
IRS990/OtherExpensesGrp/TotalAmt1786845
IRS990/OtherExpensesGrp/TotalAmt2659484
IRS990/OtherExpensesGrp/TotalAmt3286071
IRS990/OtherLiabilitiesGrp/BOYAmt02675921
IRS990/OtherLiabilitiesGrp/EOYAmt03891946
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0392059
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01510986
IRS990/OtherSalariesAndWagesGrp/TotalAmt01903045
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt039487
IRS990/PayrollTaxesGrp/ProgramServicesAmt0132196
IRS990/PayrollTaxesGrp/TotalAmt0171683
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt046086
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0185453
IRS990/PensionPlanContributionsGrp/TotalAmt0231539
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01038944
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01203897
IRS990/PrincipalOfficerNm0DAVID MARBLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0517000
IRS990/ProgramServiceRevenueGrp/BusinessCd1517000
IRS990/ProgramServiceRevenueGrp/Desc0INTERNET AND SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MEMBER SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07455393
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1612722
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07455393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1612722
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0108814
IRS990/PYOtherExpensesAmt06890859
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07482083
IRS990/PYRevenuesLessExpensesAmt0-2187539
IRS990/PYSalariesCompEmpBnftPaidAmt02887577
IRS990/PYTotalExpensesAmt09778436
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07590897
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1587174
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08069169
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03761564
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03675409
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0115551
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0106670
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt068643
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt054543
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt047620
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0393027
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt08069169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07482083
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07193595
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07050510
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt06413424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt036208781
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0115551
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0106670
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt068643
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt054543
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt047620
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0393027
IRS990ScheduleA/InvestmentIncomeCYPct00.01070
IRS990ScheduleA/InvestmentIncomePYPct00.00910
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98930
IRS990ScheduleA/PublicSupportPY509Pct00.99090
IRS990ScheduleA/PublicSupportTotal509Amt036208781
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt08069169
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt07482083
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt07193595
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt07050510
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06413424
IRS990ScheduleA/Total509Grp/TotalAmt036208781
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt08184720
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt07588753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt07262238
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt07105053
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt06461044
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt036601808
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03894228
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010582818
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014477046
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt011831
IRS990ScheduleD/ExpensesSubtotalAmt09775452
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt011831
IRS990ScheduleD/InvestmentExpensesNotIncldAmt011831
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt029391
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0127938
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0157329
IRS990ScheduleD/NetUnrealizedGainsInvstAmt056919
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt021749890
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09390439
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt031140329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03891946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/RevenueNotReportedAmt056919

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$28.8$6.81$22.0$9.74$10.9$1.19
2024Detailed filing. Detailed filing data is available for this year.$29.5$6.36$23.1$10.5$11.2$0.64
2023Detailed filing. Detailed filing data is available for this year.$29.6$5.89$23.7$9.95$10.5$0.53
2022Detailed filing. Detailed filing data is available for this year.$30.4$6.22$24.2$8.68$10.4$1.74
2021Detailed filing. Detailed filing data is available for this year.$32.4$6.32$26.1$9.31$9.88$0.57
2020Detailed filing. Detailed filing data is available for this year.$33.0$6.21$26.8$8.20$9.79$1.59
2019Detailed filing. Detailed filing data is available for this year.$33.4$5.05$28.3$7.59$9.78$2.19
2018Detailed filing. Detailed filing data is available for this year.$34.3$3.83$30.5$7.26$9.29$2.03
2017Detailed filing. Detailed filing data is available for this year.$35.8$3.26$32.6$7.10$9.03$1.92
2016Detailed filing. Detailed filing data is available for this year.$37.9$3.36$34.5$6.46$8.50$2.04
2015Detailed filing. Detailed filing data is available for this year.$38.6$2.09$36.5$6.66$8.57$1.91
2014Detailed filing. Detailed filing data is available for this year.$40.5$2.07$38.4$13.2$7.29$5.86
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.9$5.43$33.5$13.3$6.86$6.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.8$5.70$25.1$5.14
2011Summary only. Only limited summary data is available for this year.$12.4$1.18$11.3$13.4$4.96$8.45
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $25M-$50M nonprofits