Overview
What is Oshean Inc?
Oshean Inc, based in North Kingston, Rhode Island, is a nonprofit organization that specializes in providing top-tier broadband telecommunications, IP networking, and above-the-net services. They have established and maintain their services at various educational institutions, healthcare networks, state and local agencies, schools, public libraries, and not-for-profit organizations, amounting to 25 colleges and universities, 8 healthcare networks, 88 schools, 11 state and local agencies, 10 public libraries, and 10 nonprofits. Oshean Inc's mission is to offer a reliable commercial-grade telecommunications infrastructure that caters to the current and future technological needs of its member organizations, aiming to improve connectivity and communication within these communities.
Official website here: www.oshean.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
Oshean Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization scored exceptionally well in various areas, including having a fully independent board and robust financial oversight mechanisms. Their high program expense ratio indicates that a significant portion of their resources is directed towards their mission, which is a positive sign for donors looking for effective charity use of funds.
The charity's strong governance practices are evident as they have established comprehensive policies, including a conflict of interest policy and a whistleblower policy, both of which contribute to its transparency. Furthermore, the organization has documented its board meeting minutes, showcasing their commitment to proper oversight and accountability.
While the data highlights numerous strengths, no specific limitations are noted. Overall, Oshean Inc stands out as a well-managed nonprofit with a clear focus on maintaining financial integrity and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Oshean Inc legitimate?
Oshean Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oshean 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: $563,358
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,084,882
For more financial information, click here
Official website here: www.oshean.org
What is the mission statement of Oshean Inc?
Oshean Inc's mission is centered around providing advanced telecommunications services. Specifically, the company is committed to constructing a robust telecommunications infrastructure that caters to the evolving technology requirements of its affiliated organizations. Oshean Inc. has demonstrated this commitment by establishing and maintaining high-speed internet services at various educational institutions, healthcare networks, government agencies, schools, libraries, and non-profit organizations across the region. The company's goal is to meet the current and future connectivity needs of these organizations, thereby contributing to their operational efficiency and success.
Official website here: www.oshean.org
Who is the CEO of Oshean Inc?
David Marble is the Vice Chair of Oshean Inc. The CEO's salary of Oshean Inc is $254,291 and their total compensation is $267,840.
Official website here: www.oshean.org
What is the revenue of Oshean Inc?
Oshean Inc's revenue in 2022 was $8,682,560.
Official website here: www.oshean.org
Who are the executives of Oshean Inc and what are their salaries?
The average compensation at Oshean Inc during 2022 was $115,141. There are 23 employees at Oshean Inc.
Here are 16 key members and their salaries (Oshean Inc's CEO's salary is $254,291 and their total compensation is $267,840):
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- Compensation: $254,291
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- Other: $13,549
- Compensation: $197,766
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- Other: $29,675
- Compensation: $164,815
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- Other: $11,104
- Compensation: $161,344
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- Other: $9,752
- Compensation: $132,516
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- Other: $11,572
Official website here: www.oshean.org
Where can I find the form 990 for Oshean Inc?
Oshean Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oshean.org
Learn more at the official website: www.oshean.org
Mission Statement of Oshean Inc
Oshean Inc, a nonprofit organization, is committed to delivering premium broadband telecommunications, IP networking, and above-the-net services. Its mission is centered around providing a commercial-grade telecommunications infrastructure that caters to the current and future technology requirements of its member organizations. The organization strives to establish and maintain reliable internet services, extending its reach to various sectors, including 25 local area colleges and universities, 8 healthcare networks, 11 state and local agencies, 88 K-12 schools and public libraries, and 10 not-for-profit organizations. By doing so, Oshean Inc aims to support the technological needs of these organizations, contributing to their overall efficiency and success.
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Impact
July, 2024
Oshean Inc's impact lies in providing premium broadband telecommunications, IP networking, and above-the-net services to a wide range of educational, healthcare, government, and nonprofit institutions. By establishing and maintaining internet services for 25 local area colleges and universities, 8 healthcare networks, 11 state and local agencies, 88 grades K-12 and public libraries, and 10 nonprofit organizations, Oshean plays a crucial role in fulfilling the technology needs of its member organizations. Through its dedication to providing a commercial-grade telecommunications infrastructure, Oshean contributes significantly to advancing connectivity and technological capabilities in the community.
This information is meant to be a general summary of Oshean 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 2022.
- Investment Income: $21,254
- Program Service Revenue: $8,661,306
- Gross Receipts: $12,296,034
Assets and Liabilities:
- Total Assets: $30,440,136
- Total Liabilities: $6,218,297
- Net Assets: $24,221,839
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTERNET AND SERVICE FEES
Revenue
$7,931,813
OTHER MEMBER SERVICES
Revenue
$729,493
Organization Details
Founding Year
1999
Phone
(401) 398-7500Principal Officer
David Marble
Main Address
6946 POST ROAD 402, NORTH KINGSTOWN, RI, 02852
Website
www.oshean.orgNTEE Category
Code: W025 - Public benefit
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