Civic Intelligence

Ocean Sole Africa Inc

EIN 83-2899477 • 501(c)3 • Ponte Vedra Beach, FL

Profile

Ocean sole africa's mission is to turn the earth's plastic pollution into inspiring art and create employment opportunities in indiginous high impact communities.

38 Loggerhead LanePonte Vedra Beach, FL 32082

www.oceansoleonline.com

Siviq Scores

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

Liabilities / Assets

97th percentile

2.65x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

0.91x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

33rd percentile

-8.0%

Higher net margin than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

11th percentile

-88%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-29%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$152,315

Down $1,097,734 (-88%) from 2023

Liabilities

Up

$403,342

Up $69,962 (+21%) from 2023

Net Assets

Down

-$251,027

Down $1,167,696 (-127%) from 2023

Revenue

Down

$443,810

Down $185,516 (-29%) from 2023

Expenses

Down

$479,238

Down $175,250 (-27%) from 2023

Net Income

Down

-$35,428

Down $10,266 (-41%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2019: $24,685Liabilities 2019: $30,8282019Assets 2020: $48,495Liabilities 2020: $30,828Net Assets 2020: $17,6672020Assets 2021: $1,451,958Liabilities 2021: $358,703Net Assets 2021: $1,093,2552021Assets 2022: $1,317,642Liabilities 2022: $375,811Net Assets 2022: $941,8312022Assets 2023: $1,250,049Liabilities 2023: $333,380Net Assets 2023: $916,6692023Assets 2024: $152,315Liabilities 2024: $403,342Net Assets 2024: -$251,0272024

Highlighted filing

2024

Assets$152,315
Liabilities$403,342
Net Assets-$251,027

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $84,626Expenses 2019: $90,769Net Income 2019: -$6,1432019Revenue 2020: $273,629Expenses 2020: $249,819Net Income 2020: $23,8102020Revenue 2021: $412,477Expenses 2021: $425,273Net Income 2021: -$12,7962021Revenue 2022: $339,066Expenses 2022: $490,490Net Income 2022: -$151,4242022Revenue 2023: $629,326Expenses 2023: $654,488Net Income 2023: -$25,1622023Revenue 2024: $443,810Expenses 2024: $479,238Net Income 2024: -$35,4282024

Highlighted filing

2024

Revenue$443,810
Expenses$479,238
Net Income-$35,428

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 30, 2025
Return Version
2024v5.0
Gross Receipts
$443,810
Mission and Program Overview

Mission

Ocean sole africa's mission is to turn the earth's plastic pollution into inspiring art and create employment opportunities in indiginous high impact communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$18,220-
Cash and Non-Interest-Bearing Accounts$19,394$8,188▼ $11,206
Land, Buildings, and Equipment, Net$3,550$6,072▲ $2,522
Accounts Receivable-$345-
Rtn Earn Endowment Incm Other Fnds$916,669$-251,027▼ $1,167,696
Total Assets$1,250,049$152,315▼ $1,097,734
Other Assets Total$1,227,105$119,490▼ $1,107,615
Liabilities
Other Liabilities$333,380$387,542▲ $54,162
Accounts Payable and Accrued Expenses-$15,800-
Total Liabilities$333,380$403,342▲ $69,962
Net Assets / Fund Balance
Total Net Assets Fund Balance$916,669$-251,027▼ $1,167,696
Total Liabilities and Net Assets / Fund Balance$1,250,049$152,315▼ $1,097,734

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,072$3,079$9,151
Other Assets Org$685--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Erin SmithPresident
Jackie SmithSecretary
David SmithTreasurer
Erik Von VlietVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$89,856
Program Service Revenue
$353,954
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-35,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$351,139
Salaries, Compensation, and Employee Benefits$128,099
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$128,099--$128,099
Occupancy$65,348--$65,348
Office Expenses$62,663--$62,663
Travel$44,140--$44,140
All Other Expenses$12,540--$12,540
Advertising$11,464--$11,464
Insurance$10,748--$10,748
Fees for Services Accounting$8,700--$8,700
Other Expenses$6,476--$6,476
Interest$4,355--$4,355
Depreciation Depletion$1,831--$1,831
Total Functional Expenses$479,238$0$0$479,238
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Start Up Loan$182,503
Loan Os Kenya for Inventory$118,805
Director Loan$54,916
Credit Cards$11,066
Loan$10,615
Untours Loan$9,637
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, Page 6, Part VI, Line 2

Erin smith david smith president treasurer family

Form 990, Page 6, Part VI, Line 10B

Governing documents and financial statements made available to public upon request.

Form 990, Page 6, Part VI, Line 11B

The form 990 was reviewed by the board of directors prior to submission and signed by the treasurer.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements made available to public upon request.

Filing and Contact Details

Filer

Filer Name
Ocean Sole Africa Inc
EIN
83-2899477
Phone
8186313447
Address
38 LOGGERHEAD LANE, PONTE VEDRA BEACH, FL 32082

Signing Officer

Name
David Smith
Title
Treasurer
Phone
8186313447
Signed
2025-11-30

Organization Details

Principal Officer
Erin Smith
Formed
2018
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
The Forde Firm Inc
Address
4685 SUNBEAM RD SUITE 203, JACKSONVILLE, FL 32257-6109
Preparer
David Forde
Phone
9047255832
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Inventory bookkeeper did not include 0 inventory correction -1,132,268 total -1,132,268

Raw XML Appendix316 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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ReturnHeader/Filer/USAddress/CityNm0PONTE VEDRA BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032082
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0824388106
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE FORDE FIRM INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04685 SUNBEAM RD SUITE 203
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0322576109
ReturnHeader/PreparerPersonGrp/PhoneNum09047255832
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID FORDE
ReturnHeader/ReturnTs02025-12-05T09:06:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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