Civic Intelligence

Ocean Cure Inc.

990EZ • Fiscal year 2023 • EIN 26-4509035

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 11, 2024

607 North Lake Park BlvdCarolina Beach, NC 28428

(910) 341-0594

Siviq Scores

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

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2023 filings • NTEE N67 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • NTEE N67 • <$500k nonprofits • Source year 2023

Net Margin

84th percentile

28%

Higher net margin than 84% of similar nonprofits.

2023 filings • NTEE N67 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2023 filings • NTEE N67 • <$500k nonprofits • Source year 2023

Asset Growth

88th percentile

55%

Faster asset growth than 88% of similar nonprofits.

2023 filings • NTEE N67 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

64th percentile

19%

Faster revenue growth than 64% of similar nonprofits.

2023 filings • NTEE N67 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$94,376

Up $33,582 (+55%) from 2022

Net Assets

Up

$93,655

Up $36,082 (+63%) from 2022

Liabilities

Down

$721

Down $2,500 (-78%) from 2022

Revenue

Up

$129,445

Up $20,328 (+19%) from 2022

Expenses

Down

$93,363

Down $38,032 (-29%) from 2022

Net Income

Up

$36,082

Up $58,360 (+262%) from 2022

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

2023

Assets$94,376
Liabilities$721
Net Assets$93,655

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

2023

Revenue$129,445
Expenses$93,363
Net Income$36,082
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 11, 2024
Return Version
2023v5.0
Gross Receipts
$142,021
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.$2,000$93,363
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.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEVIN T MURPHYPresident-$0--
CHRIS D LACOESec-Treasure-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bike Ride Fundr$31,390$31,390$1,140$30,250
Griz Event Fund$23,326$23,326$1,000$22,326
Total Events$54,716$54,716$11,983$42,733
Filing and Contact Details

Filer

Filer Name
Ocean Cure Inc
EIN
26-4509035
Phone
9103410594
Address
607 NORTH LAKE PARK BLVD, CAROLINA BEACH, NC 28428

Signing Officer

Name
Chris D Lacoe
Title
Sec-treasurer
Phone
9103410594
Signed
2024-06-11
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 12,322 office expenses 1,577 camp travel 2,477 insurance expense 1,552 tax and licenses 318 service charges 522 camp meals 7,615 camp expense 3,070 maintenance & repairs 1,488 dues & subscriptions 3,254 supplies 17,215 storage rent 9,896 auto expense 3,381 small equipment 5,470 miscellaneous expenses 800 non-investment depreciation 4,646 total 75,603

Form 990-ez, Part II, Line 24

Accounts receivable 50 50 prepaid expenses and deferred charges 0 252 furniture & equipment 99,014 118,818 less accumulated depreciation 88,666 86,905 total 10,398 32,215

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 3,221 721 credit card 0 0

Form 990-ez, Part III

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

Form 990-ez, Part III, Line 31

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.

Raw XML Appendix166 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDED 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES PROGRAM AWARENESS 12,322 OFFICE EXPENSES 1,577 CAMP TRAVEL 2,477 INSURANCE EXPENSE 1,552 TAX AND LICENSES 318 SERVICE CHARGES 522 CAMP MEALS 7,615 CAMP EXPENSE 3,070 MAINTENANCE & REPAIRS 1,488 DUES & SUBSCRIPTIONS 3,254 SUPPLIES 17,215 STORAGE RENT 9,896 AUTO EXPENSE 3,381 SMALL EQUIPMENT 5,470 MISCELLANEOUS EXPENSES 800 NON-INVESTMENT DEPRECIATION 4,646 TOTAL 75,603
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 50 50 PREPAID EXPENSES AND DEFERRED CHARGES 0 252 FURNITURE & EQUIPMENT 99,014 118,818 LESS ACCUMULATED DEPRECIATION 88,666 86,905 TOTAL 10,398 32,215
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,221 721 CREDIT CARD 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OCEAN CURE IS DEDICATED TO PROVIDING SURFING CAMPS TO MEDICALLY FRAGILE AND AT-RISK YOUTH AND ADULTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROVIDED 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-17
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ReturnHeader/ReturnTs02024-06-19T07:48:23-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LACOE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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