Overview
What is Ocean Reef Cultural Center Inc?
Ocean Reef Cultural Center Inc, situated in Key Largo, Florida, is a nonprofit organization with a mission to enrich the lives of its local community residents. With a team of nine dedicated individuals, the center offers a variety of cultural events throughout the year, including movies, plays, and artistic performances. The primary objective of Ocean Reef Cultural Center Inc is to provide educational programs, entertainment, and civic activities, ensuring the enjoyment and benefit of all Ocean Reef residents.
Official website here: www.oceanreefculturalcenter.com
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)**
Ocean Reef Cultural Center Inc has received a commendable Four-Star rating from Charity Navigator, indicative of its strong performance in Accountability & Finance. This high score reflects the organization’s commitment to transparency and financial responsibility, as evidenced by no material diversion of assets and a well-managed independent board structure. Notably, the charity has demonstrated excellent program expenses and has a robust working capital ratio.
However, the current rating is based solely on the Accountability & Finance category, with no assessments available for Leadership & Adaptability, Culture & Community, or Impact & Measurement. This limitation suggests that while the organization excels in financial governance, there may be areas that warrant further evaluation regarding its operational effectiveness and community engagement.
User reviews from GreatNonprofits could not be retrieved, leaving an absence of additional insights from the public. This lack of feedback may limit understanding of the organization’s impact on its community and the experiences of those it serves. Overall, while Ocean Reef Cultural Center Inc shows exceptional financial health, potential supporters and beneficiaries might benefit from further information regarding its programs and community outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean Reef Cultural Center Inc legitimate?
Ocean Reef Cultural Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Reef Cultural Center 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: $452,014
For more financial information, click here
Official website here: www.oceanreefculturalcenter.com
What is the mission statement of Ocean Reef Cultural Center Inc?
The Ocean Reef Cultural Center Inc is committed to offering educational programs, entertainment, and civic activities for the benefit and enjoyment of its entire resident community. Their mission is to organize various cultural events throughout the year, such as movies, plays, and art performances, to cater to the interests and enrich the lives of the residents. The center serves as a hub for community engagement and enjoyment, fostering a sense of unity and shared experiences among its residents.
Official website here: www.oceanreefculturalcenter.com
Who is the CEO of Ocean Reef Cultural Center Inc?
John Hunt is the Chairman Emeritus of Ocean Reef Cultural Center Inc.
Official website here: www.oceanreefculturalcenter.com
What is the revenue of Ocean Reef Cultural Center Inc?
Ocean Reef Cultural Center Inc's revenue in 2022 was $6,988,511.
Official website here: www.oceanreefculturalcenter.com
Who are the executives of Ocean Reef Cultural Center Inc and what are their salaries?
The average compensation at Ocean Reef Cultural Center Inc during 2022 was $50,224. There are 9 employees at Ocean Reef Cultural Center Inc.
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Official website here: www.oceanreefculturalcenter.com
Where can I find the form 990 for Ocean Reef Cultural Center Inc?
Ocean Reef Cultural Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oceanreefculturalcenter.com
Learn more at the official website: www.oceanreefculturalcenter.com
Mission Statement of Ocean Reef Cultural Center Inc
Ocean Reef Cultural Center Inc, a nonprofit organization, is dedicated to enriching the lives of its residents through educational programs, entertainment, and civic activities. Its mission is to serve as a cultural hub, providing opportunities for enjoyment and personal growth for all Ocean Reef residents. The center accomplishes this by organizing a variety of events throughout the year, including movies, plays, and other artistic performances. These events not only serve as sources of entertainment but also foster a sense of community among the residents of Ocean Reef.
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Impact
July, 2024
Ocean Reef Cultural Center Inc provides a vital hub for educational programs, entertainment, and civic activities to enrich the lives of all Ocean Reef residents in Key Largo, FL. The center offers a diverse range of cultural events including movies, plays, and art performances throughout the year, contributing significantly to the cultural vibrancy and community engagement within the Ocean Reef community. By fostering a platform for artistic expression and community connection, Ocean Reef Cultural Center Inc plays a crucial role in enhancing the quality of life and the sense of belonging for residents in the area.
This information is meant to be a general summary of Ocean Reef Cultural Center 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: $653,001
- Program Service Revenue: $2,853,233
- Gross Receipts: $13,820,453
Assets and Liabilities:
- Total Assets: $36,526,620
- Total Liabilities: $109,098
- Net Assets: $36,417,522
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS AND CONCESSION SALES
Revenue
$2,853,233
Organization Details
Founding Year
1998
Phone
(305) 367-6300Principal Officer
John Hunt
Main Address
200 ANCHOR DRIVE, KEY LARGO, FL, 33037
NTEE Category
Code: A200 - Arts
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