Ocean Park Association FY2022 filing

Tax-deductible

Ocean Park, ME501(c)(3)Community DevelopmentEIN 01-0223014Revenue $693K in FY2022

On file with the IRSoceanpark.orgPo Box 7296, 04063-7296 · Ocean Park, METax-exempt since Sep 1945Publicly supported charity — 170(b)(1)(A)(vi)

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To conduct a summer assembly in the chautauqua tradition. The purpose of the Ocean Park Association is to affirm the traditions and spiritual heritage of which we are heirs, through a summer assembly program where christian worship, principles and ideals are at the focus; where diversity is celebrated and dignity of all is embraced and respected; where the natural beauty of our seaside resort is conserved and enhanced; and where programs centered on religion, education, recreation and culture provide opportunities for individual growth and family enrichment.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$81K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $47K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $36K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$693K
+9% vs prior year
Spent
$702K
To programs
62%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$693K
FY2022▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$488K
FY2021$636K
FY2022$693K
FY2023$771K
FY2024$964K
Expenses
$702K
FY2022▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$508K
FY2021$572K
FY2022$702K
FY2023$636K
FY2024$902K
Net assets
$3.3M
FY2022▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$3.7M
FY2022$3.3M
FY2023$3.5M
FY2024$3.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1945.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $433K Management & general 34% · $240K Fundraising 4% · $29K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$81,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director at
$0Pt VII · Sec A

Lori Gramlich’s $66K as Executive Di is at the 43rd percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gerard Gosselin——$81,000$86,740$85,740
Lori Gramlich$66,288$72,692———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Ocean Park Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Hosts summer assemblies focused on Christian worship, education, recreation, and culture.

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Provided by the organization

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3 programs · $171K · in their own filed words · FY2022
01

Recreational Activities

The 2022 summer session included the following activities consistent with the chautauqua model: tennis, shuffleboard, exercise, youth drop-in center, and youth dances.

$68Kprogram expense
02

Post Office

Under contract with the united states postal service, year- round postal services are provided to the ocean park community.

$66Kprogram expense
03

Religious, Cultural, and Educational Activities

The 2022 summer session included the following activities consistent with the chautauqua model: worship services, bible study and discussion, choir, concerts, classes, presentations, film and book discussion groups.

$37Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$36K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$693K
Ln 12
Gifts and grantsLn 1h$379K
Fees for servicesLn 2g$130K
Other incomeLn 4–11$99K
Money outPt IX
$702K
Ln 25
Programscol B$433K
Managementcol C$240K
Fundraisingcol D$29K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$190K
Total assetsLn 16$3.4M
LiabilitiesLn 26$25K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$379K
Fees for servicesLn 2g$130K
Investment incomeLn 3$85K
Other incomeLn 4–11$99K
Gains on assetsLn 7$32K
Total revenueLn 12$693K
Assets in detailPt X, end of year
CashLn 1$94K
SavingsLn 2$96K
Cash and savings togetherLn 1–2$190K
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$3.4M
LiabilitiesLn 26$25K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 525
VolunteersI 6300
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$238K$190K
InvestmentsLn 11–13$1.4M$1.1M
Land, buildings, equipmentLn 10c$2.1M$2.1M
Total assetsLn 16$3.7M$3.4M
LiabilitiesLn 26$33K$25K
Net assetsLn 32$3.7M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$89K$35K$44K$9K
Other salaries and wagesLn 7$250K$189K$46K$15K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$12K$12K
Office expensesLn 13$39K$4K$30K$4K
Information technologyLn 14$10K$3K$7K
Depreciation, depletion and amortizationLn 22$76K$76K
InsuranceLn 23$25K$19K$5K$511
Other expenses (24a–d)Ln 24$165K$165K
All other expensesLn 24e$18K$18K
Total functional expensesLn 25$702K$433K$240K$29K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $964K$902K$63K$3.7M 990 PDF
FY2023 $771K$636K$135K$3.5M 990 PDF
FY2022 Viewing $693K$702K−$8K$3.3M 990 PDF
FY2021 $636K$572K$65K$3.7M 990 PDF
FY2020 $488K$508K−$20K$3.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $693,119 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $303,409$379,307
I-9 Program service revenuePrior year $190,493$129,934
I-10 Investment incomePrior year $47,869$84,585
I-11 Other revenuePrior year $94,660$99,293
I-12 Total revenuePrior year $636,431$693,119
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $303,410$338,678
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $268,113$362,859
I-18 Total expensesPrior year $571,523$701,537
I-19 Revenue less expensesPrior year $64,908−$8,418
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $693,119 across 9 lines filed
Lines not itemized here account for $3,754 of total revenue; see the IRS return.
VIII-1b Membership dues$91,125
VIII-1f All other contributions, gifts and grants$288,182
VIII-1h Total contributions, gifts and grants$379,307
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $129,934$129,934
VIII-3 Investment incomeExcluded from tax $52,143$52,143
VIII-6 Net rental income or lossRelated to mission $76,034$76,034
VIII-7 Net gain or loss on sales of assetsRelated to mission $32,442$32,442
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $19,205 · Excluded from tax $300$19,505
VIII-12 Total revenueRelated to mission $242,164 · Unrelated business $19,205 · Excluded from tax $52,443$693,119
Part IX · Statement of functional expenses $701,537 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $35,432 · Management $44,290 · Fundraising $8,858$88,580
IX-7 Other salaries and wagesPrograms $188,818 · Management $45,958 · Fundraising $15,322$250,098
IX-11b Legal feesManagement $2,331$2,331
IX-11c Accounting feesManagement $12,000$12,000
IX-11f Investment management feesManagement $4,316$4,316
IX-11g Other fees for servicesManagement $11,685$11,685
IX-13 Office expensesPrograms $4,152 · Management $30,439 · Fundraising $3,928$38,519
IX-14 Information technologyPrograms $2,615 · Management $7,144$9,759
IX-22 Depreciation, depletion and amortizationManagement $76,126$76,126
IX-23 InsurancePrograms $19,417 · Management $5,361 · Fundraising $511$25,289
IX-24 Other expenses (24a–d)Programs $165,263$165,263
IX-24e All other expensesPrograms $17,571$17,571
IX-25 Total functional expensesPrograms $433,268 · Management $239,650 · Fundraising $28,619$701,537
Part X · Balance sheet $3,350,185 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $127,766$94,145
X-2 Savings and temporary cash investmentsStart of year $110,000$95,716
X-10c Land, buildings and equipment, netStart of year $2,090,730$2,067,902
X-11 Publicly traded securitiesStart of year $1,414,684$1,092,422
X-16 Total assetsStart of year $3,743,180$3,350,185
X-17 Accounts payable and accrued expensesStart of year $33,342$25,175
X-26 Total liabilitiesStart of year $33,342$25,175
X-27 Net assets without donor restrictionsStart of year $2,836,964$2,407,094
X-28 Net assets with donor restrictionsStart of year $872,874$917,916
X-32 Total net assets or fund balancesStart of year $3,709,838$3,325,010
X-33 Total liabilities and net assetsStart of year $3,743,180$3,350,185
Part XI · Reconciliation of net assets $3,325,010 net assets at year end
XI-1 Total revenue$693,119
XI-2 Total expenses$701,537
XI-3 Revenue less expenses−$8,418
XI-4 Net assets at start of year$3,709,838
XI-5 Net unrealized gains (losses) on investments−$376,410
XI-10 Net assets at end of year$3,325,010

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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