Overview
What is Ocean Accelerator Inc?
Ocean Accelerator Inc, situated in Cincinnati, Ohio, is a nonprofit organization dedicated to supporting entrepreneurs. They achieve this mission by providing a community, training, and hosting events. The organization's unique approach integrates practical business acumen with timeless biblical wisdom, fostering an environment that empowers entrepreneurs to launch and lead successful businesses. With a team of five individuals, Ocean Accelerator Inc aims to contribute to kingdom impact and cultural renewal.
Official website here: www.oceanprograms.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%
Ocean Accelerator Inc has received a Zero-Star out of Four Star rating from Charity Navigator, primarily due to its low accountability and finance score of 33%. While it excels in culture and community engagement with a perfect score of 100%, the organization falls short in key financial reporting areas, lacking essential documentation such as financial statements and tax forms on its website, which significantly impacts its overall score.
The organization demonstrates strong governance qualities, with an independent board consisting of 100% independent members. This reflects positively on its decision-making and oversight capabilities. However, the absence of a whistleblower policy and document retention protocols raises concerns regarding operational transparency and accountability.
Despite its strengths in feedback collection and usage, with perfect scores in these areas, the low program expense ratio of 28.13% indicates that a smaller portion of its budget is directed towards programmatic activities. This raises questions about the effectiveness and sustainability of its initiatives, underscoring the need for improved financial management practices to enhance its impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ocean Accelerator Inc?
100% of 9 reviewers on Facebook recommend Ocean Accelerator Inc. Here is a summary of their reviews:
The sentiment surrounding Ocean Accelerator Inc. is overwhelmingly positive, with users highlighting its role as a crucial hub for social entrepreneurs. Reviewers appreciate the value it brings to the Cincinnati area and express hope for further enhancements, such as establishing a coffeehouse culture within the space. This indicates a strong community interest in fostering a vibrant environment for innovation and collaboration.
Overall, the nonprofit is recognized for its significant impact on social entrepreneurship, and users feel that it delivers on its promise to support and cultivate this community effectively.
This AI summary has been generated from reviews found on Facebook.
Is Ocean Accelerator Inc legitimate?
Ocean Accelerator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Accelerator 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: $13,500
Other Salaries and Wages: $286,940
For more financial information, click here
Official website here: www.oceanprograms.com
What is the mission statement of Ocean Accelerator Inc?
Ocean Accelerator Inc's mission is centered around empowering entrepreneurs. They aim to activate entrepreneurs as a force for kingdom impact and cultural renewal. This is achieved through comprehensive training programs that integrate practical business acumen with timeless biblical wisdom. These programs are designed to equip entrepreneurs with the skills necessary to launch and lead successful businesses within the context of their communities. The organization's mission is not just about entrepreneurship, but also about fostering a positive impact on society as a whole.
Official website here: www.oceanprograms.com
Who is the CEO of Ocean Accelerator Inc?
Luke Dooley is the Director of Ocean Accelerator Inc.
Official website here: www.oceanprograms.com
What is the revenue of Ocean Accelerator Inc?
Ocean Accelerator Inc's revenue in 2022 was $956,701.
Official website here: www.oceanprograms.com
Who are the executives of Ocean Accelerator Inc and what are their salaries?
The average compensation at Ocean Accelerator Inc during 2022 was $57,388. There are 5 employees and 40 volunteers at Ocean Accelerator Inc.
Here are 6 key members and their salaries:
- 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
Official website here: www.oceanprograms.com
Where can I find the form 990 for Ocean Accelerator Inc?
Ocean Accelerator Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oceanprograms.com
Learn more at the official website: www.oceanprograms.com
Mission Statement of Ocean Accelerator Inc
Ocean Accelerator Inc is an organization with a mission to activate entrepreneurs as a driving force for kingdom impact and cultural renewal. They achieve this by providing entrepreneurs with the tools to launch and lead businesses. Their unique approach integrates practical business acumen with timeless biblical wisdom, all within the context of community. By doing so, Ocean Accelerator Inc aims to empower entrepreneurs to make a significant impact in their respective fields and contribute to societal transformation.
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
July, 2024
Ocean Accelerator Inc's impact is centered on activating entrepreneurs as a force for kingdom impact and cultural renewal. They achieve this by training entrepreneurs to launch and lead businesses through programs that integrate practical business acumen with timeless biblical wisdom in the context of community. Their focus on community improvement and empowering entrepreneurs to make a positive impact on society sets them apart in the entrepreneurial support space.
This information is meant to be a general summary of Ocean Accelerator 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.
- Program Service Revenue: $668,514
- Gross Receipts: $956,701
Assets and Liabilities:
- Total Assets: $458,764
- Total Liabilities: $13,245
- Net Assets: $445,519
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.
PROGRAM REVENUE
Revenue
$645,514
SPONSORSHIP REVENUE
Revenue
$23,000
Organization Details
Founding Year
2014
Phone
(513) 351-2345Principal Officer
Luke Dooley
Main Address
2724 Erie Ave Suite 200, Cincinnati, OH, 45208
Website
www.oceanprograms.comNTEE Category
Code: S43 - Community improvement
If you are a representative of Ocean Accelerator 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.