Civic Intelligence

Ocean of Love Inc

EIN 22-2940034 • 501(c)3 • Toms River, NJ

Profile

Support Children with Cancer in Ocean County

1709 Highway 37 EastToms River, NJ 08753

n/A

Siviq Scores

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

Liabilities / Assets

40th percentile

0.01x

Higher debt load relative to assets than 40% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

40th percentile

0.01x

Higher debt load relative to revenue than 40% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Source year 2025

Net Margin

33rd percentile

-2.8%

Higher net margin than 33% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

NTEE P • $500k-$1M nonprofits • Source year 2025

Asset Growth

31st percentile

-3.9%

Faster asset growth than 31% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Annualized from 2022 to 2025

Revenue Growth

38th percentile

0.7%

Faster revenue growth than 38% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Annualized from 2022 to 2025

Assets

Down

$524,171

Down $66,303 (-11%) from 2022

Liabilities

Up

$4,300

Up $534 (+14%) from 2022

Net Assets

Down

$519,871

Down $66,837 (-11%) from 2022

Revenue

Up

$602,313

Up $11,820 (+2.0%) from 2022

Expenses

Up

$619,205

Up $118,468 (+24%) from 2022

Net Income

Down

-$16,892

Down $106,648 (-119%) from 2022

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $640,012Liabilities 2011: $4,260Net Assets 2011: $635,7522011Assets 2012: $687,205Liabilities 2012: $28,977Net Assets 2012: $658,2282012Assets 2013: $562,190Liabilities 2013: $30,833Net Assets 2013: $531,3572013Assets 2014: $614,563Liabilities 2014: $10,174Net Assets 2014: $604,3892014Assets 2015: $599,635Liabilities 2015: $14,398Net Assets 2015: $585,2372015Assets 2016: $606,379Liabilities 2016: $17,862Net Assets 2016: $588,5172016Assets 2017: $575,886Liabilities 2017: $20,377Net Assets 2017: $555,5092017Assets 2018: $474,790Liabilities 2018: $9,251Net Assets 2018: $465,5392018Assets 2019: $543,189Liabilities 2019: $4,730Net Assets 2019: $538,4592019Assets 2020: $470,230Liabilities 2020: $36,699Net Assets 2020: $433,5312020Assets 2022: $590,474Liabilities 2022: $3,766Net Assets 2022: $586,7082022Assets 2025: $524,171Liabilities 2025: $4,300Net Assets 2025: $519,8712025

Highlighted filing

2025

Assets$524,171
Liabilities$4,300
Net Assets$519,871

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $684,0062011Revenue 2012: $746,405Expenses 2012: $723,030Net Income 2012: $23,3752012Expenses 2013: $843,6992013Revenue 2014: $714,612Expenses 2014: $642,429Net Income 2014: $72,1832014Revenue 2015: $747,935Expenses 2015: $768,786Net Income 2015: -$20,8512015Revenue 2016: $706,979Expenses 2016: $702,804Net Income 2016: $4,1752016Revenue 2017: $608,614Expenses 2017: $640,052Net Income 2017: -$31,4382017Revenue 2018: $596,140Expenses 2018: $683,443Net Income 2018: -$87,3032018Revenue 2019: $621,153Expenses 2019: $545,587Net Income 2019: $75,5662019Revenue 2020: $406,613Expenses 2020: $511,541Net Income 2020: -$104,9282020Revenue 2022: $590,493Expenses 2022: $500,737Net Income 2022: $89,7562022Revenue 2025: $602,313Expenses 2025: $619,205Net Income 2025: -$16,8922025

Highlighted filing

2025

Revenue$602,313
Expenses$619,205
Net Income-$16,892

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.24$0.04$5.20$6.02$6.19$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.90$0.04$5.87$5.90$5.01$0.90
2020Summary only. Only limited summary data is available for this year.$4.70$0.37$4.34$4.07$5.12$1.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.43$0.05$5.38$6.21$5.46$0.76
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.75$0.09$4.66$5.96$6.83$0.87
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.76$0.20$5.56$6.09$6.40$0.31
2016Detailed filing. Detailed filing data is available for this year.$6.06$0.18$5.89$7.07$7.03$0.04
2015Detailed filing. Detailed filing data is available for this year.$6.00$0.14$5.85$7.48$7.69$0.21
2014Detailed filing. Detailed filing data is available for this year.$6.15$0.10$6.04$7.15$6.42$0.72
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$0.31$5.31$8.44
2012Summary only. Only limited summary data is available for this year.$6.87$0.29$6.58$7.46$7.23$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.40$0.04$6.36$6.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 4, 2026
Return Version
2024v5.2
Gross Receipts
$602,313
Mission and Program Overview

Mission

Support children with cancer in ocean county. Provide financial assistance

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$536,763$519,871▼ $16,892
Cash and Non-Interest-Bearing Accounts$344,526$333,521▼ $11,005
Land, Buildings, and Equipment, Net$196,387$190,350▼ $6,037
Savings and Temporary Cash Investments$300$300→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$541,213$524,171▼ $17,042
Other Assets Total-$0-
Liabilities
Deferred Revenue$3,950$4,300▲ $350
Accounts Payable and Accrued Expenses$500--
Total Liabilities$4,450$4,300▼ $150
Net Assets / Fund Balance
Total Net Assets Fund Balance$536,763$519,871▼ $16,892
Total Liabilities and Net Assets / Fund Balance$541,213$524,171▼ $17,042

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$112,090$91,588$203,678
Buildings$72,861$120,285$193,146
Equipment$5,399$5,796$11,195
Other Land Buildings-$6,657$6,657
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda PascarellaPresident
Dave KalinowskiVice President
Mike LittleVice President
Theresa SeguiDirector
Andy ChaseTrustee
Christine LintonTrustee
Jamie Batzel-kannheiserTrustee
Lisa HillTrustee
Mike JuruszTrustee
Ted MaturoSecretary
Robert TruesdaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$602,313
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$602,313
Change in Net Assets
$-16,892

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$602,313
Total Revenue per Audited Statements
$602,313
Total Revenue per Form 990
$602,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$433,732
Salaries, Compensation, and Employee Benefits$185,473
Total Fundraising Expense$29,737
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$143,577$7,301$3,078$153,956
All Other Expenses$18,818$16,155$26,006$60,979
Other Expenses$18,234--$18,234
Other Employee Benefits$16,590$1,458$182$18,230
Depreciation Depletion$13,308$1,479-$14,787
Payroll Taxes$12,392$631$264$13,287
Fees for Services Other$11,640$1,293-$12,933
Office Expenses$10,890-$110$11,000
Insurance$9,150$487$97$9,734
Total Functional Expenses$560,664$28,804$29,737$619,205

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$619,205
Total Expenses per Audited Statements$619,205
Total Expenses per Form 990$619,205
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Ocean of Love Inc
EIN
22-2940034
Phone
7322703500
Address
1709 HIGHWAY 37 EAST, TOMS RIVER, NJ 08753

Signing Officer

Name
Theresa Segui
Title
Director
Signed
2026-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theresa Segui
Formed
1988
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
0
Employees
0

Preparer

Firm
Frank J Frazee CPA LLC
Address
826 ANCHOR DRIVE, FORKED RIVER, NJ 08731
Preparer
Frank J Frazee CPA
Phone
6096937183
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IRS990/OfficeExpensesGrp/FundraisingAmt0110
IRS990/OfficeExpensesGrp/ProgramServicesAmt010890
IRS990/OfficeExpensesGrp/TotalAmt011000
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0182
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01458
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016590
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018230
IRS990/OtherExpensesGrp/Desc0Family activities
IRS990/OtherExpensesGrp/Desc1Transportation
IRS990/OtherExpensesGrp/Desc2Household expenses
IRS990/OtherExpensesGrp/Desc3Holiday Gifts
IRS990/OtherExpensesGrp/ProgramServicesAmt0220364
IRS990/OtherExpensesGrp/ProgramServicesAmt158587
IRS990/OtherExpensesGrp/ProgramServicesAmt227114
IRS990/OtherExpensesGrp/ProgramServicesAmt318234
IRS990/OtherExpensesGrp/TotalAmt0220364
IRS990/OtherExpensesGrp/TotalAmt158587
IRS990/OtherExpensesGrp/TotalAmt227114
IRS990/OtherExpensesGrp/TotalAmt318234
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03078
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07301
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0143577
IRS990/OtherSalariesAndWagesGrp/TotalAmt0153956
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0264
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0631
IRS990/PayrollTaxesGrp/ProgramServicesAmt012392
IRS990/PayrollTaxesGrp/TotalAmt013287
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0THERESA SEGUI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0574356
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0412145
IRS990/PYRevenuesLessExpensesAmt0-16932
IRS990/PYSalariesCompEmpBnftPaidAmt0179143
IRS990/PYTotalExpensesAmt0591288
IRS990/PYTotalRevenueAmt0574356
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-16892
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0536763
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0519871
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0300
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0300
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0602313
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0602313
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0602313
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0602313
IRS990ScheduleA/Total509Grp/TotalAmt0602313
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0602313
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0602313
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt072861
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0120285
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0193146
IRS990ScheduleD/EquipmentGrp/BookValueAmt05399
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05796
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011195
IRS990ScheduleD/ExpensesSubtotalAmt0619205
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0112090
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt091588
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0203678
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06657
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06657
IRS990ScheduleD/RevenueSubtotalAmt0602313
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0190350
IRS990ScheduleD/TotalExpensesPerForm990Amt0619205
IRS990ScheduleD/TotalRevenuePerForm990Amt0602313
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0602313
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0619205
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0541213
IRS990/TotalAssetsEOYAmt0524171
IRS990/TotalAssetsGrp/BOYAmt0541213
IRS990/TotalAssetsGrp/EOYAmt0524171
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0602313
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt029737
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028804
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0560664
IRS990/TotalFunctionalExpensesGrp/TotalAmt0619205
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04450
IRS990/TotalLiabilitiesEOYAmt04300
IRS990/TotalLiabilitiesGrp/BOYAmt04450
IRS990/TotalLiabilitiesGrp/EOYAmt04300
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0536763
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0519871
IRS990/TotalProgramServiceExpensesAmt0560664
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0602313
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0541213
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0524171
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01709 HIGHWAY 37 EAST
IRS990/USAddress/CityNm0TOMS RIVER
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008753
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt00

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