Overview
What is Ocean Inc?
Ocean Inc, a nonprofit organization based in Toms River, New Jersey, focuses on administering various assistance programs for low-income families. Their primary initiative is managing the Federal Head Start Program, which is a comprehensive preschool program for disadvantaged children aged 3-5 years old. Eligibility for this program is determined by income guidelines set by the federal government. Head Start offers services in five major areas: education, health, social services, parent involvement, and special needs. By enhancing the growth and development of children, Head Start promotes family self-sufficiency and builds community partnerships. Ocean Inc also administers Weatherization Programs and Rental Assistance Programs as part of their mission. Currently, they operate Head Start programs at six locations throughout Ocean County, including Brick, Berkeley, Barnegat, Toms River, Manchester, and the LEAP Delegate Center in Lakewood.
Official website here: www.oceaninc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
Ocean Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial practices. With a score of 92%, the charity demonstrates a high level of transparency and integrity in its operations, with a complete independent board and no material diversion of assets reported.
The organization excels in various aspects of financial oversight, earning 100% on its accountability measures. This includes maintaining a whistleblower policy, conflict of interest policy, and proper documentation of board meeting minutes, all of which contribute to a solid governance framework. Additionally, its program expense ratio of 89.64% indicates that a substantial portion of its funding is directed towards its mission-related activities.
While the financial health of Ocean Inc appears robust with a liabilities to assets ratio of 48.79%, the focus on accountability sets it apart as a trustworthy nonprofit. Overall, stakeholders can feel confident in the charity's commitment to using its resources effectively for its programs and services.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ocean Inc?
86% of five reviewers on Facebook recommend Ocean Inc. Here’s a summary of their insights:
The feedback emphasizes Ocean Inc's commitment to supporting the community, with reviewers highlighting their effective assistance in helping people. Many express appreciation for the organization's dedication and positive impact, suggesting that Ocean Inc truly fulfills its mission to aid those in need.
Overall, the sentiments reflect a general satisfaction with the services provided by Ocean Inc, indicating that they deliver on their promises to the community they serve.
This AI summary has been generated from reviews found on Facebook.
Is Ocean Inc legitimate?
Ocean Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean 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: $331,727
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,850,467
For more financial information, click here
Official website here: www.oceaninc.org
What is the mission statement of Ocean Inc?
Ocean Inc is a non-profit organization dedicated to administering various assistance programs for low-income families. Among these programs are the Head Start Program, which is a comprehensive preschool initiative for children aged 3-5 from disadvantaged backgrounds. Eligibility for this program is determined by income guidelines set by the federal government. The Head Start Program focuses on five major areas: education, health, social services, parent involvement, and special needs. These programs not only enhance the growth and development of young children, but they also foster family self-sufficiency and develop community partnerships. Ocean Inc currently operates Head Start programs at six locations throughout the county.
Official website here: www.oceaninc.org
Who is the CEO of Ocean Inc?
Channell Wilkins is the President/Ceo of Ocean Inc. The CEO's salary of Ocean Inc is $200,050 and their total compensation is $200,650.
Official website here: www.oceaninc.org
What is the revenue of Ocean Inc?
Ocean Inc's revenue in 2022 was $14,455,709.
Official website here: www.oceaninc.org
Who are the executives of Ocean Inc and what are their salaries?
The average compensation at Ocean Inc during 2022 was $22,979. There are 182 employees and 50 volunteers at Ocean Inc.
Here are 13 key members and their salaries (Ocean Inc's CEO's salary is $200,050 and their total compensation is $200,650):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $200,050
- Related: $0
- Other: $600
- Compensation: $108,636
- Related: $0
- Other: $22,441
- Compensation: $110,952
- Related: $0
- Other: $4,954
- Compensation: $106,391
- Related: $0
- Other: $3,756
Official website here: www.oceaninc.org
Where can I find the form 990 for Ocean Inc?
Ocean Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oceaninc.org
Learn more at the official website: www.oceaninc.org
Mission Statement of Ocean Inc
Ocean Inc, a renowned nonprofit organization, is dedicated to the administration of various federal programs aimed at assisting low-income families. Among these initiatives are the Head Start Program, Weatherization Programs, and Rental Assistance Programs.
Ocean Inc's flagship program, Head Start, is a comprehensive preschool initiative that caters to children between the ages of 3 and 5 from disadvantaged families. Eligibility for this program depends on both income guidelines from the federal government and the specific Head Start Centers. The program focuses on enhancing the growth and development of young children while promoting family self-sufficiency and fostering community partnerships. It encompasses five major areas of service: education, health, social services, parent involvement, and special needs.
Through the Head Start Child Development Program, Ocean Inc ensures that children from low-income backgrounds receive a strong foundation for their future academic and personal success. This program not only improves the children's development but also supports their families in various aspects. By administering these essential programs, Ocean Inc plays a crucial role in uplifting families from poverty and creating a positive impact on the community as a whole.
In summary, Ocean Inc, a pioneering nonprofit organization, is committed to improving the lives of low-income families by administering a range of federal programs, including the Head Start Program, Weatherization Programs, and Rental Assistance Programs. Through these initiatives, Ocean Inc fosters the growth and development of young children, promotes family self-sufficiency, and builds community partnerships.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Ocean Inc plays a crucial role in supporting low-income families through a variety of essential programs designed to enhance quality of life and promote self-sufficiency. By administering the federal Head Start Program, Ocean Inc provides comprehensive preschool education for children aged 3-5 from disadvantaged backgrounds. This program not only fosters early childhood development in key areas such as education, health, and social services but also strengthens familial bonds through increased parental involvement and support for special needs.
In addition to education, Ocean Inc offers vital weatherization and rental assistance programs, ensuring that families have access to safe and stable housing. These initiatives help alleviate the immediate challenges posed by financial instability and contribute to long-term community improvement. Operating across several locations in Ocean County, including Brick, Berkeley, Barnegat, Toms River, Manchester, and Lakewood, Ocean Inc is integral to building community partnerships that empower families and uplift the entire community. Through its multifaceted approach, Ocean Inc effectively addresses the needs of vulnerable populations, facilitating a pathway to self-sufficiency and improved quality of life.
This information is meant to be a general summary of Ocean 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: $111,613
- Program Service Revenue: $1,225,257
- Gross Receipts: $15,153,630
Assets and Liabilities:
- Total Assets: $22,321,911
- Total Liabilities: $12,091,437
- Net Assets: $10,230,474
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,225,257
Organization Details
Founding Year
1967
Phone
(732) 244-5333Principal Officer
Channell Wilkins
Main Address
40 WASHINGTON ST, TOMS RIVER, NJ, 08753
Website
www.oceaninc.orgNTEE Category
Code: S20 - Community improvement
If you are a representative of Ocean Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.