Overview
What is Ocean Tides Inc?
Ocean Tides Inc is a nonprofit organization situated in Narragansett, Rhode Island, and Providence, Rhode Island, dedicated to treating, rehabilitating, and educating at-risk youth and neglected children. The organization operates two campuses: a residential school in Narragansett for boys in grades eight through twelve, and a day school in Providence, serving as an alternative school for boys in grades nine through twelve. Both campuses offer a full high school diploma and are fully accredited by the Rhode Island Department of Education, including special education. The primary mission of Ocean Tides Inc is to provide a tailored school and residential program that fosters success for each individual youth, recognizing their worth and potential. With a workforce of 112 employees, Ocean Tides Inc seeks to offer creative, individualized programs that cater to the unique needs of each youngster entrusted to their care.
Official website here: www.oceantides.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Ocean Tides Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored a perfect 100% in accountability and finance, indicating robust governance practices and financial management. Their high percentage of independent board members and effective oversight committees demonstrate a dedication to transparency and ethical management.
The charity's financial metrics are solid, as evidenced by a low liabilities to assets ratio of 25.35% and a program expense ratio of 89.55%. These figures suggest that the majority of their funding is directed towards programs rather than administrative costs, underscoring their mission-driven approach. Additionally, their policies on conflict of interest and whistleblower protections are well-documented, contributing to their overall financial accountability.
However, while the charity excels in financial performance and governance, detailed information about their specific programs and impact is not highlighted in the rating summary. This may leave potential donors and stakeholders curious about the direct outcomes of their initiatives. Overall, Ocean Tides Inc stands out as a reliable nonprofit, but further insights into their programs would enhance understanding of their contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean Tides Inc legitimate?
Ocean Tides Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Tides Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $251,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,131,396
For more financial information, click here
Official website here: www.oceantides.org
What is the mission statement of Ocean Tides Inc?
Ocean Tides Inc's mission is centered around assisting at-risk boys. They operate a school and residential program tailored to each individual's needs, believing in their worth, need for care, and potential for success. The organization operates two campuses: one residential in Narragansett, Rhode Island, for eighth to twelfth grade students, and another day school in Providence, Rhode Island, for ninth to twelfth grade boys. Both campuses offer a full high school diploma and are fully accredited by the Rhode Island Department of Education, including special education. Given the severe educational challenges faced by the Ocean Tides students, the program aims to provide creative, individualized solutions to meet each youngster's needs.
Official website here: www.oceantides.org
Who is the CEO of Ocean Tides Inc?
Brian Sullivan is the Chairman of Ocean Tides Inc.
Official website here: www.oceantides.org
What is the revenue of Ocean Tides Inc?
Ocean Tides Inc's revenue in 2023 was $6,534,480.
Official website here: www.oceantides.org
Who are the executives of Ocean Tides Inc and what are their salaries?
The average compensation at Ocean Tides Inc during 2023 was $30,203. There are 112 employees at Ocean Tides Inc.
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- Compensation: $92,192
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- Other: $18,036
Official website here: www.oceantides.org
Where can I find the form 990 for Ocean Tides Inc?
Ocean Tides Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oceantides.org
Learn more at the official website: www.oceantides.org
Mission Statement of Ocean Tides Inc
Ocean Tides Inc, a nonprofit organization, is dedicated to assisting at-risk boys by providing them with a school and residential program tailored to their individual needs. The organization believes in treating each individual with respect, recognizing their need for care, and fostering their potential for success through everyday experiences and interactions in a highly structured program.
Ocean Tides Inc operates two campuses: the Ocean Tides School in Narragansett, Rhode Island, which is a residential school for boys in grades eight through twelve, and the Ocean Tides School in Providence, Rhode Island, which is a day school and alternative school for boys in grades nine through twelve. At both campuses, students are offered a full high school diploma, and the education component provides ongoing educational services to the youngsters in the program, recognizing the severe educational problems they have faced in the past. The school program aims to provide creative, individualized programs that cater to the unique needs of each youngster entrusted to their care.
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Impact
July, 2024
Ocean Tides Inc's impact is centered around treating, rehabilitating, and educating pre-delinquent youths and neglected children. Through its Ocean Tides School with campuses in Narragansett and Providence, Rhode Island, the organization provides a residential and day school alternative for boys in grades eight through twelve. Offering a full high school diploma and specializing in individualized programs to address severe educational problems, Ocean Tides Inc aims to help at-risk boys succeed in a highly structured program. Their mission focuses on respect, care, and the belief in the capability of every individual to achieve success through tailored experiences and interactions.
This information is meant to be a general summary of Ocean Tides Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $17,934
- Program Service Revenue: $4,245,009
- Gross Receipts: $6,534,480
Assets and Liabilities:
- Total Assets: $6,314,301
- Total Liabilities: $1,600,887
- Net Assets: $4,713,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL - GOVT CONTRACT
Revenue
$1,994,017
EDUCATION - GOVT CONTRACT
Revenue
$1,469,118
TUITION
Revenue
$722,680
MEALS
Revenue
$59,194
Organization Details
Founding Year
1975
Phone
(401) 789-1016Principal Officer
Brian Sullivan
Main Address
635 OCEAN ROAD, NARRAGANSETT, RI, 02882
Website
www.oceantides.orgNTEE Category
Code: P73 - Human services
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