Civic Intelligence

Ocean East Tournaments Inc

EIN 83-4058150 • 501(c)4 • Suwanee, GA

Profile

The ocean east tournaments is a nonprofit organization working together to unite the local outer banks fishermen within their own community.

923 Meadow Club CTSuwanee, GA 30024-7383

oceanseastfishingtournaments.com

Siviq Scores

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

Liabilities / Assets

99th percentile

12.04x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

4.79x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Net Margin

31st percentile

-9.5%

Higher net margin than 31% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

28th percentile

-19%

Faster asset growth than 28% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$1,121

Down $268 (-19%) from 2021

Liabilities

Flat

$13,500

Flat from 2021

Net Assets

Down

-$12,379

Down $268 (-2.2%) from 2021

Operations
Liabilities / Revenue99th percentileNet Margin31st percentile

Revenue

Up

$2,819

Up $7,244 (+164%) from 2021

Expenses

Down

$3,087

Down $4,677 (-60%) from 2021

Net Income

Up

-$268

Up $11,921 (+98%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

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

$20K$10K$0-$10K-$20KAssets 2019: $6,509Liabilities 2019: $17,140Net Assets 2019: -$10,6312019Assets 2020: $3,578Liabilities 2020: $3,500Net Assets 2020: $782020Assets 2021: $1,389Liabilities 2021: $13,500Net Assets 2021: -$12,1112021Assets 2022: $1,121Liabilities 2022: $13,500Net Assets 2022: -$12,3792022

Highlighted filing

2022

Assets$1,121
Liabilities$13,500
Net Assets-$12,379
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100K$50K$0-$50KRevenue 2019: $75,259Expenses 2019: $85,890Net Income 2019: -$10,6312019Revenue 2020: $0Expenses 2020: $2,931Net Income 2020: -$2,9312020Revenue 2021: -$4,425Expenses 2021: $7,764Net Income 2021: -$12,1892021Revenue 2022: $2,819Expenses 2022: $3,087Net Income 2022: -$2682022

Highlighted filing

2022

Revenue$2,819
Expenses$3,087
Net Income-$268
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,121
Liabilities
$13,500
Net assets
-$12,379
Revenue
$2,819
Expenses
$3,087
Net income
-$268
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.12$13.5$12.4$2.82$3.09$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.39$13.5$12.1$4.43$7.76$12.2
2020Detailed filing. Detailed filing data is available for this year.$3.58$3.50$0.08$0.00$2.93$2.93
2019Detailed filing. Detailed filing data is available for this year.$6.51$17.1$10.6$75.3$85.9$10.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 18, 2023
Return Version
2022v5.0
Gross Receipts
$75,294
Mission and Program Overview

Mission

The ocean east tournaments is a nonprofit organization working together to unite the local outer banks fishermen within their own community.

Program Services

DescriptionGrantsExpenses
OCEANS EAST WILL BE HOSTING A SERIES OF FISHING TOURNAMENTS BEGINNING WITH A TWO DAY COBIA TOURNAMENT AS WELL AS A THREE DAY TUNA TOURNAMENT. THESE TOURNAMENTS HELP SUPPORT OUR LOCAL FLEET AND THEIR FAMILIES BY ASSISTING IN FUNDING THEIR COSTS FOR UNEXPECTED MEDICAL EXPENSES, MECHANICAL ISSUES OR ADDITIONAL INCIDENTAL EXPENSES THAT HINDER THEIR OPERATIONS.$0$0
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRADLEY J WACHOWIAKPresident/ChairpersonPT$0--
JUSTIN WILSONSecretaryPT$0--
EDWARD J HERMOYIANCFO/TreasurerPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fishing Tournament$75,294-$12,302-
Total Events$75,294-$72,475$-72,475
Filing and Contact Details

Filer

Filer Name
Ocean East Tournaments Inc
EIN
83-4058150
Phone
7703096759
Address
923 MEADOW CLUB CT, SUWANEE, GA 30024-7383

Signing Officer

Name
Edward J Hermoyian
Title
CFO/treasurer
Phone
7703096759
Signed
2023-10-18
Discuss with paid preparer
Yes

Preparer

Firm
Aprio Llp
Address
2002 SUMMIT BOULEVARD SUITE 120, ATLANTA, GA 30319
Preparer
Stacy Cullen
Phone
4048929651
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: insurance. Amount: 1,459. Description: financial service charges. Amount: 128. Total to form 990-ez, line 16: 1,587.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: loan payable. Beg. Of year amount: 13,500. End of year amount: 13,500.”

Raw XML Appendix127 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990EZ/BooksInCareOfDetail/PhoneNum07703096759
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0923 MEADOW CLUB CT
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SUWANEE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0300247383
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt01389
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01121
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-268
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01500
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt01389
IRS990EZ/Form990TotalAssetsGrp/EOYAmt01121
IRS990EZ/FundraisingGrossIncomeAmt075294
IRS990EZ/GrossReceiptsAmt075294
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-12111
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-12379
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-12111
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-12379
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BRADLEY J WACHOWIAK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JUSTIN WILSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2EDWARD J HERMOYIAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/CHAIRPERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CFO/TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01587
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE OCEAN EAST TOURNAMENTS IS A NONPROFIT ORGANIZATION WORKING TOGETHER TO UNITE THE LOCAL OUTER BANKS FISHERMEN WITHIN THEIR OWN COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OCEANS EAST WILL BE HOSTING A SERIES OF FISHING TOURNAMENTS BEGINNING WITH A TWO DAY COBIA TOURNAMENT AS WELL AS A THREE DAY TUNA TOURNAMENT. THESE TOURNAMENTS HELP SUPPORT OUR LOCAL FLEET AND THEIR FAMILIES BY ASSISTING IN FUNDING THEIR COSTS FOR UNEXPECTED MEDICAL EXPENSES, MECHANICAL ISSUES OR ADDITIONAL INCIDENTAL EXPENSES THAT HINDER THEIR OPERATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt072475
IRS990EZ/SpecialEventsNetIncomeLossAmt02819
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt013500
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt013500
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt03087
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt02819
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://OCEANSEASTFISHINGTOURNAMENTS.COM/
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt060173
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt060173
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt075294
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt075294
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt072475
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FISHING TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt075294
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt075294
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-72475
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012302
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt012302
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INSURANCE. AMOUNT: 1,459. DESCRIPTION: FINANCIAL SERVICE CHARGES. AMOUNT: 128. TOTAL TO FORM 990-EZ, LINE 16: 1,587.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LOAN PAYABLE. BEG. OF YEAR AMOUNT: 13,500. END OF YEAR AMOUNT: 13,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD J HERMOYIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07703096759
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OCEAN EAST TOURNAMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0OCEA
ReturnHeader/Filer/EIN0834058150
ReturnHeader/Filer/PhoneNum07703096759
ReturnHeader/Filer/USAddress/AddressLine1Txt0923 MEADOW CLUB CT
ReturnHeader/Filer/USAddress/CityNm0SUWANEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd0300247383
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0571157523
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0APRIO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02002 SUMMIT BOULEVARD SUITE 120
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030319
ReturnHeader/PreparerPersonGrp/PhoneNum04048929651
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACY CULLEN
ReturnHeader/ReturnTs02023-10-19T07:32:03-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EDWARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HERMOYIAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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