Civic Intelligence

Blue Ocean Inc

990PF • Fiscal year 2024 • EIN 20-4360719

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2024

Refreshing map…

19700 Vaughn Landing DriveGermantown, MD 20874

(240) 778-9985

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

0.11x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

2nd percentile

-145%

Higher net margin than 2% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

20th percentile

-4.1%

Faster asset growth than 20% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

39%

Faster revenue growth than 80% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$5,766,890

Down $247,113 (-4.1%) from 2023

Net Assets

$5,747,315

No earlier filing loaded for comparison.

Liabilities

Up

$19,575

Up $4,671 (+31%) from 2023

Revenue

Up

$174,003

Up $48,379 (+39%) from 2023

Expenses

Up

$425,787

Up $43,890 (+11%) from 2023

Net Income

Up

-$251,784

Up $4,489 (+1.8%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$5,766,890
Liabilities$19,575
Net Assets$5,747,315

Operations Trend

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

2024

Revenue$174,003
Expenses$425,787
Net Income-$251,784
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2024
Return Version
2023v6.0
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

Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KWAN HEE LEEPresident-$0--
SEOUNG CHUL PARKSecretary-$0--
HYUNG JOON KIMTreasurer-$0--
HO JUNE LEEEvp & Strate-$0--
HEY RAN LEEDirector Of Admin-$0--
HYUN JOO LEEPublic RelatPT$0--
MIYOUNG JU LEETrustee-$0--
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid GrantDONGAN CHURCHSUPPORT BALI VOCATIONAL SCHOOLNCSEOUL, KS$64,500
Paid GrantUNIVERSITY OF THE NATION KONASCHOLARSHIPS FOR STUDENTSPCKAILUA KONA, HI, US$51,200
Paid GrantMARU CULTURE CENTERSUPPORT FOR EMPOWERING WOMANNCRABAT, MO$50,000
Paid GrantGLOBAL MISSION CHURCHSUPPORTNCSEONGNAMSI, GYEONGGI-DO, KS$40,000
Paid GrantGRACE HOMESUPPORT GRACE HOME ORPHANAGENCHANDONG, CHIANGMAI, TH$40,000
Paid GrantCHILDREN OF LIGHTSUPPORT FOR HIV PREVENTION EDUCATIONNCPHNOM PENH, CAMBODIA, CB$20,000
Paid GrantKI HYUP HONGSUPPORT CHILDREN EDUCATION PROGRAMNCTBILISI, GG$20,000
Paid GrantSUMMERLIN COMMUNITY BAPTISH CHURCHCHILDREN EDUCATIONPCLAS VEGAS, NV, US$11,500
Paid GrantDALAT INTERNATIONAL SCHOOLSCHOLARSHIPNCPINANG, PENANG, MY$11,070
Paid GrantKYUNG JOON LEESUPPORT CHILDREN EDUCATION PROGRAMNCBUYUKCEKM, ISTANBUL, TU$10,000
Paid GrantDWELL CITY CHURCHSUPPORT YOUNG STUDENT EDU PROGRAMPCBEL AIR, MD, US$10,000
Paid GrantYWAM B WSUPPORTPCGERMANTOWN, MD, US$6,000
Paid GrantYUMI CARESART THERAPY TO PEDIATRIC PATIENTSPCELLICOTT CITY, MD, US$6,000
Paid GrantYOUNG SEONG CHOSCHOLARSHIPSIYENIBOGAZICI, FAMAUSTA MERSIN, TU$2,450
Paid GrantGOSHEN COLLEGESCHOLARSHIPSPCGOSHEN, IN, US$1,215
Paid GrantJOSEPH CHOESCHOLARSHIPSICHANTILLY, VA, US$1,200
Paid GrantGLOBAL MISSIONARY FELLOWSHIPSUPPORT GLOBAL MISSIONARY FELLOWSHIPNCSEOUL, KS$1,200
Paid GrantGIL LEESCHOLARSHIPSICLIFFSIDE PARK, NJ, US$1,200
Filing and Contact Details

Filer

Filer Name
Blue Ocean Inc
EIN
20-4360719
Phone
2407789985
Address
19700 VAUGHN LANDING DRIVE, GERMANTOWN, MD 20874

Signing Officer

Name
Kwan Hee Lee
Title
President
Phone
2404061534
Signed
2024-05-14

Preparer

Firm
Chough Oh Gill Chae & Co Pa Cpas
Address
8609 2ND AVENUE SUITE 304-B, SILVER SPRING, MD 20910-3361
Preparer
Daniel C Gill
Phone
3015895500
Raw XML AppendixShowing 400 of 549 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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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt319700 VAUGHN LANDING DRIVE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt419700 VAUGHN LANDING DRIVE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt519700 VAUGHN LANDING DRIVE
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt2SUPPORT FOR EMPOWERING WOMAN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt3SUPPORT GRACE HOME ORPHANAGE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt4SUPPORT BALI VOCATIONAL SCHOOL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt5SCHOLARSHIP
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt6CHILDREN EDUCATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt7SUPPORT
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt9SUPPORT GLOBAL MISSIONARY FELLOWSHIP
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt11SCHOLARSHIPS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt12SUPPORT FOR HIV PREVENTION EDUCATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt13SUPPORT CHILDREN EDUCATION PROGRAM
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt14SUPPORT CHILDREN EDUCATION PROGRAM
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt15SUPPORT YOUNG STUDENT EDU PROGRAM
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt16ART THERAPY TO PEDIATRIC PATIENTS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt17SCHOLARSHIPS
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt6SUMMERLIN COMMUNITY BAPTISH CHURCH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt7YWAM B W
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt9GLOBAL MISSIONARY FELLOWSHIP
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt10GOSHEN COLLEGE
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt12CHILDREN OF LIGHT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt13KI HYUP HONG
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt14KYUNG JOON LEE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt15DWELL CITY CHURCH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt16YUMI CARES
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine1Txt2111 MOO 7 CHIANGMAI-HAND
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine1Txt627 WT 502
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine1Txt710TH FL F BLOCK 32
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine2Txt1BOB WALSH ST 0159
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/ProvinceOrStateNm5FAMAUSTA MERSIN
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt8I
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt11I
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt12NC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt13NC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt14NC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt15PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt16PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt17I
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt1NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt2NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt3NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt4NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt5NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt6NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt7NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt8NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt9NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt10NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt11NONE

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.$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