Ocean Studies Charter School INC FY2020 filing

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The mission of Ocean Studies Charter School is to offer a quality public education based on the bestpractices in accelerated learning and reflecting the diversity of the children of monroe county.Ocean Studies Charter School will offer a rigorous academic program, producing students who meetor exceed the sunshine state standards in english language arts, math, science and social Studies.while nurturing curiosity, creativity and imagination, we will encourage children to becomeindependent, responsible and self- motivated learners. Through a uniquely prepared environment andthe use of special didactic materials, the students progress through individual education programscentered on the fascinating marine environment surrounding their community. In addition to itsstated mission, Ocean Studies Charter school's main priorities are: -to provide the families of theupper keys with a boarder accelerated-learning experience than that available through thetraditional public School system

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $877K a year · 28% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $557K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$1.3M
To programs
87%
Net assets
$905K
By yearFY2020–FY2025
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$2.8M
FY2023$3.1M
FY2024$5.2M
FY2025$4.1M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$2.1M
FY2023$2.7M
FY2024$2.7M
FY2025$3.3M
Net assets
$905K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$905K
FY2021$1.3M
FY2022$2.0M
FY2023$2.4M
FY2024$4.9M
FY2025$5.7M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.1M Management & general 13% · $167K

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

9 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Principal
$70,685Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Trisha Woods’s $105K as Principal is at the 35th percentile of top reported officer pay among 3395 $1–10M education 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 · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Trisha Woods$105,061$93,803$78,364$70,685

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 Studies Charter School INC executive salaries →

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 15aNo

Programs and updates

Educates children with a rigorous, accelerated public school program fostering curiosity and independence.

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1 program · $1.1M · in their own filed words · FY2019
01

Ocean studies charter school earned an "a" rating this year! We are all proud to have increased from a "c" rating due to the hard work and dedication from our parents, teachers, and students. Our unique, place-based education and montessori foundations provided the opportunity for students to grow and achieve their GOALS.LAST year, MS.

$1.1Mprogram 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
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$365K
Other incomeLn 4–11$148K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$167K
Owns and owesPt X
$905K
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$365K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$3K
Other incomeLn 4–11$148K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$251K
Cash and savings togetherLn 1–2$251K
Prepaid expenses and deferred chargesLn 9$51K
Land, buildings, equipmentLn 10c$2.5M
Other assetsLn 15$922
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.9M
Net assetsLn 32$905K
OperationsPt I, VI
EmployeesI 543
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$400K$251K
Land, buildings, equipmentLn 10c$68K$2.5M
Total assetsLn 16$503K$2.8M
LiabilitiesLn 26$83K$1.9M
Net assetsLn 32$420K$905K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$68K$63K$5K
Other salaries and wagesLn 7$610K$565K$45K
Other employee benefitsLn 9$70K$52K$17K
Payroll taxesLn 10$52K$39K$13K
Other fees for servicesLn 11g$63K$36K$27K
Office expensesLn 13$62K$49K$13K
OccupancyLn 16$204K$194K$10K
InterestLn 20$30K$30K
Depreciation, depletion and amortizationLn 22$24K$22K$1K
InsuranceLn 23$42K$40K$2K
Other expenses (24a–d)Ln 24$68K$65K$3K
Total functional expensesLn 25$1.3M$1.1M$167K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 28, 2026 $4.1M$3.3M$795K$5.7M 990 PDF
FY2024Filed with the IRS May 15, 2025 $5.2M$2.7M$2.5M$4.9M 990 PDF
FY2023Filed with the IRS Feb 8, 2024 $3.1M$2.7M$432K$2.4M 990 PDF
FY2022Filed with the IRS Nov 14, 2022 $2.8M$2.1M$738K$2.0M 990 PDF
FY2021Filed with the IRS Apr 25, 2022 $1.8M$1.5M$348K$1.3M 990 PDF
FY2020 ViewingFiled with the IRS Feb 10, 2021 $1.8M$1.3M$484K$905K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,775,884 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$365,000
I-9 Program service revenuePrior year $1,094,789$1,259,599
I-10 Investment incomePrior year $5,856$3,179
I-11 Other revenuePrior year $153,260$148,106
I-12 Total revenuePrior year $1,253,905$1,775,884
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $806,485$799,206
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $445,871$492,501
I-18 Total expensesPrior year $1,252,356$1,291,707
I-19 Revenue less expensesPrior year $1,549$484,177
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,775,884 across 7 lines filed
VIII-1f All other contributions, gifts and grants$365,000
VIII-1h Total contributions, gifts and grants$365,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,259,599$1,259,599
VIII-3 Investment incomeExcluded from tax $3,179$3,179
VIII-8 Net income from fundraising eventsExcluded from tax $1,803$1,803
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $146,303$146,303
VIII-12 Total revenueRelated to mission $1,405,902 · Unrelated business $0 · Excluded from tax $4,982$1,775,884
Part IX · Statement of functional expenses $1,291,707 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $62,986 · Management $5,014$68,000
IX-7 Other salaries and wagesPrograms $565,066 · Management $44,985$610,051
IX-9 Other employee benefitsPrograms $52,136 · Management $17,379$69,515
IX-10 Payroll taxesPrograms $38,730 · Management $12,910$51,640
IX-11g Other fees for servicesPrograms $35,539 · Management $27,078$62,617
IX-13 Office expensesPrograms $48,977 · Management $12,968$61,945
IX-16 OccupancyPrograms $193,800 · Management $10,200$204,000
IX-20 InterestManagement $30,267$30,267
IX-22 Depreciation, depletion and amortizationPrograms $22,352 · Management $1,176$23,528
IX-23 InsurancePrograms $40,372 · Management $2,125$42,497
IX-24 Other expenses (24a–d)Programs $64,548 · Management $3,099$67,647
IX-25 Total functional expensesPrograms $1,124,506 · Management $167,201 · Fundraising $0$1,291,707
Part X · Balance sheet $2,761,231 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $399,868$250,554
X-9 Prepaid expenses and deferred chargesStart of year $24,748$50,579
X-10c Land, buildings and equipment, netStart of year $68,305$2,459,176
X-15 Other assetsStart of year $10,000$922
X-16 Total assetsStart of year $502,921$2,761,231
X-17 Accounts payable and accrued expensesStart of year $2,375$91,929
X-23 Secured mortgages and notes payable$1,689,019
X-25 Other liabilitiesStart of year $80,153$75,713
X-26 Total liabilitiesStart of year $82,528$1,856,661
X-27 Net assets without donor restrictionsStart of year $420,393$904,570
X-32 Total net assets or fund balancesStart of year $420,393$904,570
X-33 Total liabilities and net assetsStart of year $502,921$2,761,231
Part XI · Reconciliation of net assets $904,570 net assets at year end
XI-1 Total revenue$1,775,884
XI-2 Total expenses$1,291,707
XI-3 Revenue less expenses$484,177
XI-4 Net assets at start of year$420,393
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$904,570

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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