Civic Intelligence

Ocean Cure Inc.

990EZ • Fiscal year 2021 • EIN 26-4509035

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 01, 2022

607 North Lake Park BlvdCarolina Beach, NC 28428

(910) 431-0594

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

87th percentile

32%

Higher net margin than 87% of similar nonprofits.

2021 filings • NTEE N67 • <$500k nonprofits • Source year 2021

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2021 filings • NTEE N67 • <$500k nonprofits • Source year 2021

Asset Growth

85th percentile

79%

Faster asset growth than 85% of similar nonprofits.

2021 filings • NTEE N67 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

188%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • NTEE N67 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$79,850

Up $35,202 (+79%) from 2020

Net Assets

Up

$79,850

Up $35,652 (+81%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$110,671

Up $72,227 (+188%) from 2020

Expenses

Up

$75,019

Up $32,899 (+78%) from 2020

Net Income

Up

$35,652

Up $39,328 (+1070%) from 2020

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2020: $44,648Liabilities 2020: $450Net Assets 2020: $44,1982020Assets 2021: $79,850Net Assets 2021: $79,8502021Assets 2022: $60,794Liabilities 2022: $3,221Net Assets 2022: $57,5732022Assets 2023: $94,376Liabilities 2023: $721Net Assets 2023: $93,6552023Assets 2024: $101,243Liabilities 2024: $690Net Assets 2024: $100,5532024

Highlighted filing

2021

Assets$79,850
Liabilities-
Net Assets$79,850

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $38,444Expenses 2020: $42,120Net Income 2020: -$3,6762020Revenue 2021: $110,671Expenses 2021: $75,019Net Income 2021: $35,6522021Revenue 2022: $109,117Expenses 2022: $131,395Net Income 2022: -$22,2782022Revenue 2023: $129,445Expenses 2023: $93,363Net Income 2023: $36,0822023Revenue 2024: $210,631Expenses 2024: $203,733Net Income 2024: $6,8982024

Highlighted filing

2021

Revenue$110,671
Expenses$75,019
Net Income$35,652
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 1, 2022
Return Version
2021v4.0
Gross Receipts
$110,671
Mission and Program Overview

Mission

Ocean cure is dedicated to providing surfing camps to medically fragile and at-risk youth and adults.

Program Services

DescriptionGrantsExpenses
PROVIDED FREE SURF CAMPS FOR MEDICALLY FRAGILE OR AT RISK CHILDREN AND ADULTS INCLUDING THOSE AFFECTED BY AIDS, AUTISM, CEREBRAL PALSY, VISUAL IMPAIRMENTS,TERMINAL ILLNESSES, AND OTHER DISABILITIES.-$75,019
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEVIN T MURPHYPresidentPT$0--
CHRIS D LACOESec-TreasurePT$0--
Filing and Contact Details

Filer

Filer Name
Ocean Cure Inc
EIN
26-4509035
Address
607 NORTH LAKE PARK BLVD, CAROLINA BEACH, NC 28428

Signing Officer

Name
Chris D Lacoe
Title
Sec-treasurer
Signed
2022-07-01
Discuss with paid preparer
Yes

Preparer

Firm
Rogers & Company Cpas Pa
Address
825 GUM BRANCH ROAD SUITE 101, JACKSONVILLE, NC 28540
Preparer
Terry W Yopp Jr CPA
Phone
9103462259
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses program awareness 7,201 office expenses 1,137 camp travel 704 insurance expense 1,265 tax and licenses 174 service charges 522 camp meals 1,826 camp expense 18,586 maintenance & repairs 837 dues & subscriptions 3,138 supplies 1,087 storage rent 6,264 auto expense 1,377 small equipment 6,075 non-investment depreciation 14,023 total 64,216

Form 990-ez, Part II, Line 24

Accounts receivable 50 50 prepaid expenses and deferred charges 0 16 furniture & equipment 89,714 95,014 less accumulated depreciation 65,967 79,990 total 23,797 15,090

Form 990-ez, Part II, Line 26

CREDIT CARD 450 0

Form 990-ez, Part III

Ocean cure is dedicated to providing surfing camps to medically fragile and at-risk youth and adults.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES PROGRAM AWARENESS 7,201 OFFICE EXPENSES 1,137 CAMP TRAVEL 704 INSURANCE EXPENSE 1,265 TAX AND LICENSES 174 SERVICE CHARGES 522 CAMP MEALS 1,826 CAMP EXPENSE 18,586 MAINTENANCE & REPAIRS 837 DUES & SUBSCRIPTIONS 3,138 SUPPLIES 1,087 STORAGE RENT 6,264 AUTO EXPENSE 1,377 SMALL EQUIPMENT 6,075 NON-INVESTMENT DEPRECIATION 14,023 TOTAL 64,216
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 50 50 PREPAID EXPENSES AND DEFERRED CHARGES 0 16 FURNITURE & EQUIPMENT 89,714 95,014 LESS ACCUMULATED DEPRECIATION 65,967 79,990 TOTAL 23,797 15,090
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT CARD 450 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OCEAN CURE IS DEDICATED TO PROVIDING SURFING CAMPS TO MEDICALLY FRAGILE AND AT-RISK YOUTH AND ADULTS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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