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Ocean Of Love Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222940034 ✦ Toms river, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Ocean Of Love Inc?

Ocean of Love Inc., based in Toms River, New Jersey, is a compassionate nonprofit organization that offers support to families with children diagnosed with cancer under the age of 21. Their mission is multifaceted, providing essential financial assistance for various necessities such as food, transportation, counseling, and household expenses, as well as specialized treatments like art therapy and physiotherapy. This nonprofit aims to alleviate some of the financial burdens faced by families during their children's cancer journeys, ensuring they can focus on their loved ones' recovery. With a dedicated team of four individuals, Ocean of Love Inc. is committed to making a difference in the lives of families in Ocean County, New Jersey.


Official website here: www.oceanoflove.org

Is Ocean Of Love Inc legitimate?

Ocean Of Love Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Of Love 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $130,382

For more financial information, click here


Official website here: www.oceanoflove.org

What is the mission statement of Ocean Of Love Inc?

Ocean of Love Inc's mission is centered around supporting children with cancer. They provide essential financial aid to families in need, helping cover expenses such as food, transportation, counseling, and household costs. Additionally, they offer assistance for art therapy, physiotherapy, and other necessary needs. The organization's aim is to alleviate some of the financial burdens faced by families of children under 21 who are battling cancer, thereby enabling them to focus on their child's health and well-being.


Official website here: www.oceanoflove.org

What is the revenue of Ocean Of Love Inc?

Ocean Of Love Inc's revenue in 2022 was $590,493.


Official website here: www.oceanoflove.org

Who are the executives of Ocean Of Love Inc and what are their salaries?

The average compensation at Ocean Of Love Inc during 2022 was $32,596. There are 4 employees at Ocean Of Love Inc.

Here are 7 key members and their salaries:


Linda Pascarella (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Little (1St Vice Cha)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Kalinowsk (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Truesdale (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Batzel-Kannheiser (Sergeant-At-)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike O'Brien (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Sequi (Director)
  • Compensation: $67,404
  • Related: $0
  • Other: $0


Official website here: www.oceanoflove.org

Where can I find the form 990 for Ocean Of Love Inc?

Ocean Of Love Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oceanoflove.org

Learn more at the official website: www.oceanoflove.org

Mission Statement of Ocean Of Love Inc

Ocean of Love Inc, a nonprofit organization, is committed to supporting children battling cancer in Ocean County. Their mission is to provide financial aid to families of these children, addressing various needs such as food, transportation, counseling, and household expenses. Additionally, they offer art therapy and physiotherapy services to further assist these young patients. Their support extends beyond financial assistance, encompassing family counseling and other essential needs, ensuring that families navigating this challenging journey are not left alone.

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Impact




July, 2024

Ocean Of Love Inc has a significant impact on supporting children with cancer in Ocean County. The organization provides crucial financial assistance for food, transportation, family support, counseling, household expenses, art therapy, physiotherapy, and other essential needs for families of children with cancer under age 21 in Ocean County, NJ. By offering these comprehensive services, Ocean Of Love Inc plays a vital role in easing the burden on families facing the challenges of childhood cancer, ensuring they receive the support they need during such a difficult time.




This information is meant to be a general summary of Ocean Of Love 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.

Revenue
$590,493 (2022)
Expenses
$500,737 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5
  • Gross Receipts: $590,493

Assets and Liabilities:

  • Total Assets: $590,474
  • Total Liabilities: $3,766
  • Net Assets: $586,708

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Organization Details

Founding Year

1988

Principal Officer

Linda Pascarella

NTEE Category

Code: P40Z - Human services

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