Civic Intelligence

Ocean of Love Inc.

990 • Fiscal year 2019 • EIN 22-2940034

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 20, 2019

1709 Highway 37 EastToms River, NJ 08753

(732) 270-3500

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

32nd percentile

0.01x

Higher debt load relative to revenue than 32% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Net Margin

76th percentile

12%

Higher net margin than 76% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

63rd percentile

$60,075

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Asset Growth

68th percentile

14%

Faster asset growth than 68% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

48th percentile

4.2%

Faster revenue growth than 48% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$543,189

Up $68,399 (+14%) from 2018

Net Assets

Up

$538,459

Up $72,920 (+16%) from 2018

Liabilities

Down

$4,730

Down $4,521 (-49%) from 2018

Revenue

Up

$621,153

Up $25,013 (+4.2%) from 2018

Expenses

Down

$545,587

Down $137,856 (-20%) from 2018

Net Income

Up

$75,566

Up $162,869 (+187%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$543,189
Liabilities$4,730
Net Assets$538,459

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$621,153
Expenses$545,587
Net Income$75,566
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 20, 2019
Return Version
2018v3.1
Gross Receipts
$682,505
Mission and Program Overview

Mission

Support children with cancer in ocean county. Provide financial assistance

Support Children with Cancer in Ocean County Provide financial assistance for food, transportation,family counseling household expenses,art therapy, physio-therapy and other needs for

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$242,693$331,349▲ $88,656
Land, Buildings, and Equipment, Net$210,540$199,661▼ $10,879
Accounts Receivable$18,250$1,672▼ $16,578
Investments in Publicly Traded Securities$300$300→ $0
Total Assets$474,790$543,189▲ $68,399
Other Assets Total$3,007$10,207▲ $7,200
Liabilities
Accounts Payable and Accrued Expenses$9,251$2,667▼ $6,584
Deferred Revenue-$2,063-
Total Liabilities$9,251$4,730▼ $4,521
Net Assets / Fund Balance
Unrestricted Net Assets$465,539$538,459▲ $72,920
Total Net Assets Fund Balance$465,539$538,459▲ $72,920
Total Liabilities and Net Assets / Fund Balance$474,790$543,189▲ $68,399

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$194,501$145,750-
Other Land Buildings$5,160$29,925-
Equipment$0$6,657-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Theresa SeguiDirectorFT$60,075$60,075

Board Members and Trustees

NameTitle
Linda PascarellaChairman
Mike Little1st Vice Chair
Dave KalinowskiVice Chair
Jim DoughertySecretary
Mike O'BrienSecretary
Jamie Batzel-KannheiserSergeant-at-Arms
Robert TruesdaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$333,397
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$287,756
All Other Contributions
$333,397
Change in Net Assets
$75,566

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
$682,510
Total Revenue per Audited Statements
$682,510
Total Revenue per Form 990
$682,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$321,984
Salaries, Compensation, and Employee Benefits$151,195
Other Expenses$72,408
Total Fundraising Expense$70
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$321,984--$321,984
Other Salaries and Wages$72,173$4,974$0$77,147
Current Officers, Directors, Trustees, and Key Employees$56,166$3,909$0$60,075
Payroll Taxes$13,068$905$0$13,973
Office Expenses$13,704$0$0$13,704
All Other Expenses$11,230$1,274$0$12,504
Depreciation Depletion$10,041$0$0$10,041
Insurance$6,104$339$0$6,443
Fees for Services Legal$4,893$1,223$0$6,116
Other Expenses$1,673$0$0$1,673
Total Functional Expenses$532,703$12,814$70$545,587

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$609,590
Total Expenses per Audited Statements$609,590
Total Expenses per Form 990$609,590
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$349,108
Fundraising Direct Expenses$61,352
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various$349,108$287,756-$287,756
Total Events$349,108$287,756-$287,756
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
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
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
Robert Truesdale
Title
Treasurer
Phone
7322703500
Signed
2019-12-20
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Nj
Voting Board Members
16
Independent Board Members
15
Employees
10
Volunteers
60

Preparer

Firm
Financial Tax Services
Address
1415 Hooper Avenue - Suite 201, Toms River, NJ 08753
Preparer
Joseph T O'Keefe CPA
Phone
7322442441
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

Board nominations are made annually and voted on by all Board Members.

Pt VI, Line 15A

A compensation committee reviews comparable data & performance & decides annual compensation adjustments.

Pt VI, Line 11B

This return was reviewed by the executive board prior to filing.

Pt VI, Line 15B

A compensation committee reviews comparable data & performance & decides annual compensation adjustments.

Form 990, Part IX, Line 24E

Employee Benefits 11467. 10193. 1274. 0.

Form 990, Part IX, Line 24E

Miscellaneous 51. 51. 0. 0.

Form 990, Part IX, Line 24E

Travel & Entertainment 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Dues and Charges 986. 986. 0. 0.

Financial Statement Notes

Pt XII, Line 4B

Book to tax depreciation adjustment.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt078
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0113
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0350
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt078
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0113
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0350
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0349108
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0411607
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0446709
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0505338
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0478161
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02190923
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.39620
IRS990ScheduleA/PublicSupportPY509Pct00.37130
IRS990ScheduleA/PublicSupportTotal509Amt01438062
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0333397
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0254240
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0231036
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0269818
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0349571
IRS990ScheduleA/Total509Grp/TotalAmt01438062
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03629335
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/BuildingsGrp/BookValueAmt0194501
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0145750
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0340251
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06657
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06657
IRS990ScheduleD/ExpensesSubtotalAmt0609590
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05160
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029925
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt035085
IRS990ScheduleD/RevenueSubtotalAmt0682510
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Book to tax depreciation adjustment.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0199661
IRS990ScheduleD/TotalExpensesPerForm990Amt0609590
IRS990ScheduleD/TotalRevenuePerForm990Amt0682510
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0682510
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0609590
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt061352
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt061352
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Various
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0349108
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0349108
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0287756
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0287756
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0287756
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0352213
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Assistance to families of children with cancer
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0250
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board nominations are made annually and voted on by all Board Members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A compensation committee reviews comparable data & performance & decides annual compensation adjustments.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2This return was reviewed by the executive board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A compensation committee reviews comparable data & performance & decides annual compensation adjustments.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Employee Benefits 11467. 10193. 1274. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Miscellaneous 51. 51. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Travel & Entertainment 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Dues and Charges 986. 986. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0474790
IRS990/TotalAssetsEOYAmt0543189
IRS990/TotalAssetsGrp/BOYAmt0474790
IRS990/TotalAssetsGrp/EOYAmt0543189
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0333397
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt070
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012814
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0532703
IRS990/TotalFunctionalExpensesGrp/TotalAmt0545587
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09251
IRS990/TotalLiabilitiesEOYAmt04730
IRS990/TotalLiabilitiesGrp/BOYAmt09251
IRS990/TotalLiabilitiesGrp/EOYAmt04730
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0465539
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0538459
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0532703
IRS990/TotalReportableCompFromOrgAmt060075
IRS990/TotalRevenueGrp/ExclusionAmt0287756
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0621153

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