Ocean Accelerator INC DBA Ocean Programs EIN 46-5760733

Ocean Accelerator INC DBA Ocean Programs FY2020 filing

EIN  46-5760733 Public charity (501(c)(3)) Cincinnati, OH
Form 990 (PDF)
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Size
<$100K
What they do
Trains entrepreneurs to build businesses with practical skills and biblical wisdom for community impact.
Leadership
Tim Metzner · Director
Money in and out
$514K revenue, $520K expenses
Bottom line
69% program efficiency

Trains entrepreneurs to build businesses with practical skills and biblical wisdom for community impact. For fiscal year 2020 it reported $514K in revenue, $520K in expenses, and $72K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$514K
Pt VIII · Ln 12
Total expenses
$520K
Pt IX · Ln 25
Net assets
$72K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.26 Fundraising $0.05
Program efficiency
69%
of spending reaches programs
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$514K
FY2020
Expenses
$520K
FY2020
Total assets
$74K
FY2020
Total liabilities
$2K
FY2020
Total revenue
$514K
Pt VIII · Ln 12
Total expenses
$520K
Pt IX · Ln 25
Net assets
$72K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$74K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $357K of program spending, described in the organization's own filed words · FY2020.
01

Entrepreneurial support through community, training, and events.

$357Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COcean Accelerator INC DBA Ocean Programs
EINHdr · item D46-5760733
Principal addressHdr · item CCincinnati, OH
WebsiteHdr · item Jwww.oceanprograms.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S43)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$389K · 76%
Other revenue$75K · 15%
Program service revenue$50K · 10%
Contributions & grants76%$389K
Other revenue15%$75K
Program service revenue10%$50K
Total revenueLn 12$514K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.26 Fundraising $0.05
Program services69%$357K
Management & general26%$138K
Fundraising5%$25K
Total functional expensesLn 25$520K

Balance Sheet

Part X · end of year
CashLn 1$6K
Total assetsLn 16$74K
Total liabilitiesLn 26$2K
Total net assetsLn 32$72K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6K · Operating expenses/yr $520K
0.1 months
Where the money goes
Program services
Program services $357K · Total expenses $520K
69%
Management & General
Management & general $138K · Total expenses $520K
26%
Fundraising
Fundraising $25K · Total expenses $520K
5%
Cost to raise $1
Fundraising expense $25K · Solicited contributions $389K
$0.06 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $389K · Total revenue $514K
76%
Government reliance
Government grants — · Total revenue $514K
Earned-income share
Program service revenue $50K · Total revenue $514K
10%
Investment reliance
Investment income $0 · Total revenue $514K
0%
Program self-sufficiency
Program service revenue $50K · Total expenses $520K
10%
Growth & trend
Revenue growth (YoY)
This year $514K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $72K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $514K · Expenses $520K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $74K
Net-asset ratio
Net assets $72K · Total assets $74K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $74K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tim Metzner · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $520K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $313K · Total expenses $520K
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 26%
Fundraising cost ratio 6%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$20K revenue · ⤓ 990 PDF
FY2024$385K revenue · ⤓ 990 PDF
FY2023$301K revenue · ⤓ 990 PDF
FY2022$957K revenue · ⤓ 990 PDF
FY2021$603K revenue · ⤓ 990 PDF
FY2020$514K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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