Civic Intelligence

Lee Oceans Foundation

990PF • Fiscal year 2021 • EIN 87-0885641

May 13, 2021 to Dec 31, 2021 • Filed on May 26, 2022

Organization Profile
Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $1M-$5M nonprofits • Source year 2021

Net Margin

98th percentile

98%

Higher net margin than 98% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2021 filings • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets31st percentile

Assets

$3,001,520

No earlier filing loaded for comparison.

Net Assets

$3,001,520

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin98th percentile

Revenue

$3,054,554

No earlier filing loaded for comparison.

Expenses

$53,034

No earlier filing loaded for comparison.

Net Income

$3,001,520

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2021: $3,001,520Liabilities 2021: $0Net Assets 2021: $3,001,5202021Assets 2022: $3,047,372Liabilities 2022: $0Net Assets 2022: $3,047,3722022Assets 2023: $3,005,096Liabilities 2023: $0Net Assets 2023: $3,005,0962023Assets 2024: $2,990,283Liabilities 2024: $0Net Assets 2024: $2,990,2832024

Highlighted filing

2021

Assets$3,001,520
Liabilities$0
Net Assets$3,001,520
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $3,054,554Expenses 2021: $53,034Net Income 2021: $3,001,5202021Revenue 2022: $92,723Expenses 2022: $46,871Net Income 2022: $45,8522022Revenue 2023: $92,053Expenses 2023: $135,642Net Income 2023: -$43,5892023Revenue 2024: $115,288Expenses 2024: $147,115Net Income 2024: -$31,8272024

Highlighted filing

2021

Revenue$3,054,554
Expenses$53,034
Net Income$3,001,520
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 13, 2021 to Dec 31, 2021
Signed
May 26, 2022
Return Version
2021v4.2
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Allison LeeDirector-$0--
Robert LeeDir, Pres, Sec, Treas-$0--
Filing and Contact Details

Filer

Filer Name
Lee Oceans Foundation
EIN
87-0885641
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Robert Lee
Title
President
Phone
8008391754
Signed
2022-05-26
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
ONE HOLLOW LN STE 212, LAKE SUCCESS, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
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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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ReasonableCauseExplanation/ExplanationTxt0The Foundation's tax preparer is located in Nassau County, NY, which, per IRS release NY-2021-01 announced on September 9, 2021, is included in the list of localities that constitute a covered disaster area for purposes of Treas. Reg. Sec. 301.7508A-1(d)(2) and are entitled to tax relief due to Hurricane Ida. Additional time was needed to calculate and transmit the tax payment. Therefore, Form 2220 indicates that the Q3 or Q4 estimated tax payment made on or before the extended deadline of February 15, 2022 was, in fact, made timely on the original due date of such payment. We respectfully request that no late payment penalties be assessed in connection with such payment(s) per Treas. Reg. Sec. 301.7508A-1(c)(1).
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0Robert and Allison Lee Living Trust
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TaxesSchedule/TaxesDetail/Amt041800
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Estimated Tax for 2021
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lee Oceans Foundation
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0870885641
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FOUNDATION SOURCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE HOLLOW LN STE 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE SUCCESS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02022-06-17T10:07:08-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEE
ReturnHeader/TaxPeriodBeginDt02021-05-13
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,001,520
Liabilities
$0
Net assets
$3,001,520
Revenue
$3,054,554
Expenses
$53,034
Net income
$3,001,520
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.99$0.00$2.99$0.12$0.15$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.01$0.00$3.01$0.09$0.14$0.04
2022Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$0.09$0.05$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.00$0.00$3.00$3.05$0.05$3.00