Civic Intelligence

Blue Ocean Inc

990 • Fiscal year 2016 • EIN 20-4360719

Jul 01, 2015 to Jun 30, 2016 • Filed on May 08, 2017

Organization ProfileWWW.BLUEOCEANINC.ORG
9605 Medical Center Dr Ste111eRockville, MD 20850

(240) 406-1534

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

41st percentile

$40,000

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

99th percentile

505%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

100th percentile

1605%

Faster revenue growth than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$1,486,414

Up $1,240,898 (+505%) from 2015

Net Assets

$1,485,359

No earlier filing loaded for comparison.

Liabilities

Up

$1,055

Up $20 (+1.9%) from 2015

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin98th percentile

Revenue

Up

$1,308,255

Up $1,231,542 (+1605%) from 2015

Expenses

Down

$67,377

Down $12,230 (-15%) from 2015

Net Income

Up

$1,240,878

Up $1,243,772 (+42978%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$10M$5.0M$0Assets 2012: $2,582Liabilities 2012: $1,6252012Assets 2013: $4,782Liabilities 2013: $1,7672013Assets 2014: $249,158Liabilities 2014: $1,783Net Assets 2014: $247,3752014Assets 2015: $245,516Liabilities 2015: $1,0352015Assets 2016: $1,486,414Liabilities 2016: $1,055Net Assets 2016: $1,485,3592016Assets 2017: $1,423,408Liabilities 2017: $953Net Assets 2017: $1,422,4552017Assets 2018: $7,502,220Liabilities 2018: $1,113Net Assets 2018: $7,501,1072018Assets 2019: $7,176,370Liabilities 2019: $9,597Net Assets 2019: $7,166,7732019Assets 2020: $6,850,995Liabilities 2020: $7,0702020Assets 2021: $6,586,779Liabilities 2021: $12021Assets 2022: $6,255,715Liabilities 2022: $1002022Assets 2023: $6,014,003Liabilities 2023: $14,9042023Assets 2024: $5,766,890Liabilities 2024: $19,575Net Assets 2024: $5,747,3152024Assets 2025: $8,209,755Liabilities 2025: $12,753Net Assets 2025: $8,197,0022025

Highlighted filing

2016

Assets$1,486,414
Liabilities$1,055
Net Assets$1,485,359
Open 2016 Filing

Operations Trend

Revenue Growth100th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $101,270Expenses 2012: $102,451Net Income 2012: -$1,1812012Revenue 2013: $117,800Expenses 2013: $115,742Net Income 2013: $2,0582013Revenue 2014: $337,512Expenses 2014: $93,151Net Income 2014: $244,3612014Revenue 2015: $76,713Expenses 2015: $79,607Net Income 2015: -$2,8942015Revenue 2016: $1,308,255Expenses 2016: $67,377Net Income 2016: $1,240,8782016Revenue 2017: $4,955Expenses 2017: $67,859Net Income 2017: -$62,9042017Revenue 2018: $6,428,061Expenses 2018: $349,409Net Income 2018: $6,078,6522018Revenue 2019: $107,230Expenses 2019: $441,564Net Income 2019: -$334,3342019Revenue 2020: $64,956Expenses 2020: $387,804Net Income 2020: -$322,8482020Revenue 2021: $9,738Expenses 2021: $266,884Net Income 2021: -$257,1462021Revenue 2022: $13,013Expenses 2022: $344,177Net Income 2022: -$331,1642022Revenue 2023: $125,624Expenses 2023: $381,897Net Income 2023: -$256,2732023Revenue 2024: $174,003Expenses 2024: $425,787Net Income 2024: -$251,7842024Revenue 2025: $2,916,709Expenses 2025: $467,022Net Income 2025: $2,449,6872025

Highlighted filing

2016

Revenue$1,308,255
Expenses$67,377
Net Income$1,240,878
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 8, 2017
Return Version
2015v3.0
Gross Receipts
$1,308,255
Mission and Program Overview

Mission

Blue ocean, inc is an international non-profit organization seeking the promotion of health, education and woman rights in neglected parts of the world

Seeking the promotion of health, education and woman rights in neglected part of the world

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$240,000$1,290,000▲ $1,050,000
Cash and Non-Interest-Bearing Accounts$5,516$196,414▲ $190,898
Total Assets$245,516$1,486,414▲ $1,240,898
Liabilities
Accounts Payable and Accrued Expenses$1,035$1,055▲ $20
Total Liabilities$1,035$1,055▲ $20
Net Assets / Fund Balance
Unrestricted Net Assets$244,481$1,485,359▲ $1,240,878
Total Net Assets Fund Balance$244,481$1,485,359▲ $1,240,878
Total Liabilities and Net Assets / Fund Balance$245,516$1,486,414▲ $1,240,898

Asset Categories

AssetBook ValueDepreciationBasis
Closely Held Equity Interests$1,290,000--
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Hyun Joo LeePublic RelatFT$40,000$40,000

Board Members and Trustees

NameTitle
Kwan Hee LeePresident
Hey Ran LeeDirector of Admin
Jong Hoon LeeDirector of Cyber
Ho June LeeEvp & Strate
Hyung Dong ParkMedical Advi
Sin Ae RheeNurse Practi
Seoung Chul ParkSecretary
Hyung Joon KimTreasurer
Shun-yong ZinnVP of Operat
Revenue and Support

Revenue Composition

Contributions and Grants
$1,308,255
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,308,255
Change in Net Assets
$1,240,878

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Closely Held Stock70,000$1,050,000Fair Market Value (FMV)
Total Noncash Contributions70,000$1,050,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$43,085
Grants and Similar Amounts Paid$17,700
Other Expenses$6,592
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons-$40,000-$40,000
Foreign Grants$15,900--$15,900
Travel-$3,565-$3,565
Payroll Taxes-$3,085-$3,085
Royalties-$2,400-$2,400
Grants to Domestic Orgs$1,200--$1,200
Grants to Domestic Individuals$600--$600
Office Expenses-$336-$336
Information Technology-$291-$291
Total Functional Expenses$17,700$49,677$0$67,377
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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

“Line 15 a and 15b the board of directors conduct a review and approval process of the compensation of employee in position having a significant level of influence within the organization, as defined by the internal revenue service. The purpose of this process is to ensure that no such person is receiving excessive compensation including salary, any bonus, and benefits. The board of directors meets the rebuttable presumption established by the irs through the following process: 1) the board of directors obtains the compensation of individuals performing similar services in similar organizations in determining that the compensation of persons reviewed at blue ocean inc is roughly comparable and reasonable. That comparability data is assemblied using externally developed benchmarking surveys, as well as comparable organization 990s and annual reports 2) the board of directos meets to review this external compensation data with the compensation of these individuals at blue ocean inc and to make determinations about the reasonableness of such compensation 3) determination of the board of directors and the basis for such determinations are recorded contemporaneously in the written minutes of that meeting.”

Form 990, Page 6, Part VI, Line 2

“KWAN HEE LEE PRESIDENT”

Form 990, Page 6, Part VI, Line 11B

“The form 990 was reviewed by the board of directors prior to the may 15th filing date.”

Form 990, Page 6, Part VI, Line 15A

“See schedule o, form 990, part vi, line 15a and 15b”

Form 990, Page 6, Part VI, Line 15B

“See schedule o, form 990, part vi, line 15a and 15b”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Blue Ocean Inc
EIN
20-4360719
Phone
2404061534
Address
9605 MEDICAL CENTER DR STE111E, ROCKVILLE, MD 20850

Signing Officer

Name
Kwan Hee Lee
Title
President
Phone
2404061535
Signed
2017-05-08

Organization Details

Principal Officer
Kwan Hee Lee
Formed
2005
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
2
Employees
1

Preparer

Firm
Chough Oh Gill Chae & Co Pa Cpas
Address
8609 2ND AVENUE SUITE 304-B, SILVER SPRING, MD 20910-3361
Preparer
Charles C Gill
Phone
3015895500
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Support jodan 1200 support mexico 1000 support kona university in hi 1200 scholarsip 600”

Raw XML Appendix367 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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IRS990/ProgSrvcAccomActy2Grp/Desc0ORGANIATION COLLABORTED WITH LIVING WATER FOUNDATION IN MOSHI, TANZANIA. - SUPPORT LOCAL HEALTH CARE CENTER - PROVIDE NUTRITION FOR HIV/ ADIS AFFECTED FACMILIES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0SUPPORT JODAN 1200 SUPPORT MEXICO 1000 SUPPORT KONA UNIVERSITY IN HI 1200 SCHOLARSIP 600
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0IN ORDER TO SATIFYTHE FACTS AND CIRCUMSTANCES TEST, AN ORGANIZATION MUST MEET THE REQUIRMENTS OF THE PARAGRAHS (F)(3)(I)AND (F)(3)(II) OF TEMPORARY REGULATIONS SECTION 1.170A-9T(F)(3). 1. (F)(3)(I) 10% SUPPORTING LIMIATION THE PUBLIC SUPPORT PERCENTAGE IS 12.22% WHICH SHOWS THAT ORGANIZATION MET THE 10% SUPPORT LIMATATION IN 2015 2.(F)(3)(II) ATTRACTION OF PUBLIC SUPPORT ORGANIZATION CONTINUSOULY BUILT A RELATIONSHIP WITH OTHER PUBLIC CHARITIES INCLUDIG CHURCHES TO MAINTAIN THE PUBLIC SUPPORT PERCENTAGE ORGANIZATION HAS SET UP AN CONTINUOUSLY MAINTAINED A WEBSITE AT WWW.BLUEOCEANINC.,ORG TO DRAW PUBLIC ATTENTION. AN ONLINE DONATION SYSTEM HAS SET UP AT WEBSITE FOR EASY APPROACH FOR DONATION 3. MEMBERS OF THE ORGANIZATION HAVE A SPECIAL KNOWLEDGE REGARDING MEDICAL AREA TO SUPPORT PROGRAM OF THE ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SECURITY 240,000 SECURITY 1,050,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1IN ORDER TO SATIFYTHE FACTS AND CIRCUMSTANCES TEST, AN ORGANIZATION MUST MEET THE REQUIRMENTS OF THE PARAGRAHS (F)(3)(I)AND (F)(3)(II) OF TEMPORARY REGULATIONS SECTION 1.170A-9T(F)(3). 1. (F)(3)(I) 10% SUPPORTING LIMIATION THE PUBLIC SUPPORT PERCENTAGE IS 12.22% WHICH SHOWS THAT ORGANIZATION MET THE 10% SUPPORT LIMATATION IN 2015 2.(F)(3)(II) ATTRACTION OF PUBLIC SUPPORT ORGANIZATION CONTINUSOULY BUILT A RELATIONSHIP WITH OTHER PUBLIC CHARITIES INCLUDIG CHURCHES TO MAINTAIN THE PUBLIC SUPPORT PERCENTAGE ORGANIZATION HAS SET UP AN CONTINUOUSLY MAINTAINED A WEBSITE AT WWW.BLUEOCEANINC.,ORG TO DRAW PUBLIC ATTENTION. AN ONLINE DONATION SYSTEM HAS SET UP AT WEBSITE FOR EASY APPROACH FOR DONATION 3. MEMBERS OF THE ORGANIZATION HAVE A SPECIAL KNOWLEDGE REGARDING MEDICAL AREA TO SUPPORT PROGRAM OF THE ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2IN ORDER TO SATIFYTHE FACTS AND CIRCUMSTANCES TEST, AN ORGANIZATION MUST MEET THE REQUIRMENTS OF THE PARAGRAHS (F)(3)(I)AND (F)(3)(II) OF TEMPORARY REGULATIONS SECTION 1.170A-9T(F)(3). 1. (F)(3)(I) 10% SUPPORTING LIMIATION THE PUBLIC SUPPORT PERCENTAGE IS 18.43% WHICH SHOWS THAT ORGANIZATION MET THE 10% SUPPORT LIMATATION IN 2014 2.(F)(3)(II) ATTRACTION OF PUBLIC SUPPORT ORGANIZATION CONTINUSOULY BUILT A RELATIONSHIP WITH OTHER PUBLIC CHARITIES INCLUDIG CHURCHES TO MAINTAIN THE PUBLIC SUPPORT PERCENTAGE ORGANIZATION HAS SET UP AN CONTINUOUSLY MAINTAINED A WEBSITE AT WWW.BLUEOCEANINC.,ORG TO DRAW PUBLIC ATTENTION. AN ONLINE DONATION SYSTEM HAS SET UP AT WEBSITE FOR EASY APPROACH FOR DONATION
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, LINE 17A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART II, LINE 17B
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0258255
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt076713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt097512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0117800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0101270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0651550
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.12220
IRS990ScheduleA/PublicSupportPY170Pct00.18430
IRS990ScheduleA/PublicSupportTotal170Amt079612
IRS990ScheduleA/SubstantialContributorsTotAmt0571938
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0258255
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt076713
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt097512
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0117800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0101270
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0651550
IRS990ScheduleA/TotalSupportAmt0651550
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt01290000
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueSecuritiesAmt01290000
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt06400
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0BUILD SCHOOL
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SOUTHEAST ASIA
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/ContributionCnt070000
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/NoncashContributionsRptF990Amt01050000
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPPORT JODAN 1200 SUPPORT MEXICO 1000 SUPPORT KONA UNIVERSITY IN HI 1200 SCHOLARSIP 600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 15 A AND 15B THE BOARD OF DIRECTORS CONDUCT A REVIEW AND APPROVAL PROCESS OF THE COMPENSATION OF EMPLOYEE IN POSITION HAVING A SIGNIFICANT LEVEL OF INFLUENCE WITHIN THE ORGANIZATION, AS DEFINED BY THE INTERNAL REVENUE SERVICE. THE PURPOSE OF THIS PROCESS IS TO ENSURE THAT NO SUCH PERSON IS RECEIVING EXCESSIVE COMPENSATION INCLUDING SALARY, ANY BONUS, AND BENEFITS. THE BOARD OF DIRECTORS MEETS THE REBUTTABLE PRESUMPTION ESTABLISHED BY THE IRS THROUGH THE FOLLOWING PROCESS: 1) THE BOARD OF DIRECTORS OBTAINS THE COMPENSATION OF INDIVIDUALS PERFORMING SIMILAR SERVICES IN SIMILAR ORGANIZATIONS IN DETERMINING THAT THE COMPENSATION OF PERSONS REVIEWED AT BLUE OCEAN INC IS ROUGHLY COMPARABLE AND REASONABLE. THAT COMPARABILITY DATA IS ASSEMBLIED USING EXTERNALLY DEVELOPED BENCHMARKING SURVEYS, AS WELL AS COMPARABLE ORGANIZATION 990S AND ANNUAL REPORTS 2) THE BOARD OF DIRECTOS MEETS TO REVIEW THIS EXTERNAL COMPENSATION DATA WITH THE COMPENSATION OF THESE INDIVIDUALS AT BLUE OCEAN INC AND TO MAKE DETERMINATIONS ABOUT THE REASONABLENESS OF SUCH COMPENSATION 3) DETERMINATION OF THE BOARD OF DIRECTORS AND THE BASIS FOR SUCH DETERMINATIONS ARE RECORDED CONTEMPORANEOUSLY IN THE WRITTEN MINUTES OF THAT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KWAN HEE LEE PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO THE MAY 15TH FILING DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE SCHEDULE O, FORM 990, PART VI, LINE 15A AND 15B
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE SCHEDULE O, FORM 990, PART VI, LINE 15A AND 15B
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0245516
IRS990/TotalAssetsEOYAmt01486414
IRS990/TotalAssetsGrp/BOYAmt0245516
IRS990/TotalAssetsGrp/EOYAmt01486414
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01308255
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049677
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt017700
IRS990/TotalFunctionalExpensesGrp/TotalAmt067377
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01035
IRS990/TotalLiabilitiesEOYAmt01055
IRS990/TotalLiabilitiesGrp/BOYAmt01035
IRS990/TotalLiabilitiesGrp/EOYAmt01055
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0244481
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01485359
IRS990/TotalOtherProgSrvcExpenseAmt04000
IRS990/TotalOtherProgSrvcGrantAmt04000
IRS990/TotalProgramServiceExpensesAmt017700
IRS990/TotalReportableCompFromOrgAmt040000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01308255
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0245516
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01486414
IRS990/TravelGrp/ManagementAndGeneralAmt03565
IRS990/TravelGrp/TotalAmt03565
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0244481
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01485359
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09605 MEDICAL CENTER STE 111E
IRS990/USAddress/CityNm0ROCKVILLE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020850
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.BLUEOCEANINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KWAN HEE LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02404061535
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLUE OCEAN INC
ReturnHeader/Filer/BusinessNameControlTxt0BLUE
ReturnHeader/Filer/EIN0204360719
ReturnHeader/Filer/PhoneNum02404061534
ReturnHeader/Filer/USAddress/AddressLine1Txt09605 MEDICAL CENTER DR STE111E
ReturnHeader/Filer/USAddress/CityNm0ROCKVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020850
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521349299
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHOUGH OH GILL CHAE & CO PA CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08609 2ND AVENUE SUITE 304-B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SILVER SPRING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0209103361
ReturnHeader/PreparerPersonGrp/PhoneNum03015895500
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES C GILL
ReturnHeader/ReturnTs02017-05-15T16:07:19-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,486,414
Liabilities
$1,055
Net assets
$1,485,359
Revenue
$1,308,255
Expenses
$67,377
Net income
$1,240,878
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.21$0.01$8.20$2.92$0.47$2.45
2024Detailed filing. Detailed filing data is available for this year.$5.77$0.02$5.75$0.17$0.43$0.25
2023Summary only. Only limited summary data is available for this year.$6.01$0.01$0.13$0.38$0.26
2022Summary only. Only limited summary data is available for this year.$6.26$0.00$0.01$0.34$0.33
2021Summary only. Only limited summary data is available for this year.$6.59$0.00$0.01$0.27$0.26
2020Summary only. Only limited summary data is available for this year.$6.85$0.01$0.06$0.39$0.32
2019Detailed filing. Detailed filing data is available for this year.$7.18$0.01$7.17$0.11$0.44$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.50$0.00$7.50$6.43$0.35$6.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.00$1.42$0.00$0.07$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$1.31$0.07$1.24
2015Summary only. Only limited summary data is available for this year.$0.25$0.00$0.08$0.08$0.00
2014Summary only. Only limited summary data is available for this year.$0.25$0.00$0.25$0.34$0.09$0.24
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.12$0.12$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.10$0.10$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1M-$5M nonprofits