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Ocean Accelerator INC DBA Ocean Programs FY2022 filing

Tax-deductible

Cincinnati, OH501(c)(3)Community Development EIN 46-5760733Revenue $957K in FY2022

On file with the IRSoceanprograms.com2724 Erie Ave Ste 200, 45208-2125 · Cincinnati, OHTax-exempt since Apr 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Ocean Accelerator, INC. Activates entrepreneurs as a force for kingdom impact and cultural renewal. We train entrepreneurs to launch and lead businesses through Programs that integrate practical business acumen with timeless biblical wisdom in the context of community.

501(c)(3) charity; gifts are tax-deductible.
7¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
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
2 of 6
filings with a surplus
Average surplus $9K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
7%
of spending
Concern: 7% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$957K
+59% vs prior year
Spent
$586K
To programs
7%
Net assets
$446K
By yearFY2020–FY2025
Revenue
$957K
FY2022▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2020$514K
FY2021$603K
FY2022$957K
FY2023$301K
FY2024$385K
FY2025$20K
Expenses
$586K
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$520K
FY2021$525K
FY2022$586K
FY2023$585K
FY2024$455K
FY2025$55K
Net assets
$446K
FY2022▲ +552%
Tap a bar for its year
Net assets by fiscal year
FY2020$72K
FY2021$68K
FY2022$446K
FY2023$181K
FY2024$111K
FY2025$76K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Apr 2015.

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

Where the money goes

7 cents of each dollar spent went to programs.

Program services 7% · $44K Management & general 80% · $470K Fundraising 12% · $73K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Tim Metzner
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Brett Smith
Director
$0Pt VII · Sec A
Ann Thompson
Director
$0Pt VII · Sec A
Don Calvin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ocean Accelerator INC DBA Ocean Programs 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 15aNo

Programs and updates

Trains entrepreneurs to build businesses with practical skills and biblical wisdom for community impact.

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Provided by the organization

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1 program · $44K · in their own filed words · FY2022
01

Entrepreneurial support through community, training, and events.

$44Kprogram 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
Boost Ventures INCFY2024$2K
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$957K
Ln 12
Fees for servicesLn 2g$669K
Gifts and grantsLn 1h$288K
Money outPt IX
$586K
Ln 25
Programscol B$44K
Managementcol C$470K
Fundraisingcol D$73K
Owns and owesPt X
$446K
net assets · Ln 32
Cash and savingsLn 1–2$459K
Total assetsLn 16$459K
LiabilitiesLn 26$13K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$288K
Fees for servicesLn 2g$669K
Total revenueLn 12$957K
Assets in detailPt X, end of year
CashLn 1$459K
Cash and savings togetherLn 1–2$459K
Total assetsLn 16$459K
LiabilitiesLn 26$13K
Net assetsLn 32$446K
OperationsPt I, VI
EmployeesI 54
VolunteersI 625
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$94K$459K
Total assetsLn 16$94K$459K
LiabilitiesLn 26$26K$13K
Net assetsLn 32$68K$446K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$287K$4K$282K
Other employee benefitsLn 9$16K$16K
Payroll taxesLn 10$91K$91K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$950$950
Professional fundraising feesLn 11e$14K$14K
Advertising and promotionLn 12$36K$8K$28K
Office expensesLn 13$25K$25K
OccupancyLn 16$26K$26K
TravelLn 17$41K$10K$31K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$33K$32K$1K
Total functional expensesLn 25$586K$44K$470K$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20K$55K−$34K$76K 990 PDF
FY2024 $385K$455K−$70K$111K 990 PDF
FY2023 $301K$585K−$284K$181K 990 PDF
FY2022 Viewing $957K$586K$370K$446K 990 PDF
FY2021 $603K$525K$78K$68K 990 PDF
FY2020 $514K$520K−$7K$72K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $956,701 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $385,529$288,187
I-9 Program service revenuePrior year $160,071$668,514
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $57,555$0
I-12 Total revenuePrior year $603,155$956,701
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 $374,667$394,329
I-16a Professional fundraising feesPrior year $20,000$13,500
I-17 Other expensesPrior year $130,072$178,616
I-18 Total expensesPrior year $524,739$586,445
I-19 Revenue less expensesPrior year $78,416$370,256
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $956,701 across 4 lines filed
VIII-1f All other contributions, gifts and grants$288,187
VIII-1h Total contributions, gifts and grants$288,187
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $668,514$668,514
VIII-12 Total revenueRelated to mission $668,514 · Unrelated business $0 · Excluded from tax $0$956,701
Part IX · Statement of functional expenses $586,445 across 13 lines filed
IX-7 Other salaries and wagesPrograms $4,500 · Management $282,440$286,940
IX-9 Other employee benefitsManagement $16,271$16,271
IX-10 Payroll taxesManagement $91,118$91,118
IX-11b Legal feesManagement $8,622$8,622
IX-11c Accounting feesManagement $950$950
IX-11e Professional fundraising feesFundraising $13,500$13,500
IX-12 Advertising and promotionPrograms $7,631 · Fundraising $28,000$35,631
IX-13 Office expensesManagement $25,246$25,246
IX-16 OccupancyManagement $25,811$25,811
IX-17 TravelManagement $10,356 · Fundraising $31,067$41,423
IX-19 Conferences, conventions and meetingsManagement $3,624$3,624
IX-23 InsuranceManagement $4,261$4,261
IX-24 Other expenses (24a–d)Programs $31,575 · Management $1,473$33,048
IX-25 Total functional expensesPrograms $43,706 · Management $470,172 · Fundraising $72,567$586,445
Part X · Balance sheet $458,764 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $94,284$458,764
X-16 Total assetsStart of year $94,284$458,764
X-25 Other liabilitiesStart of year $25,905$13,245
X-26 Total liabilitiesStart of year $25,905$13,245
X-27 Net assets without donor restrictionsStart of year $8,379$445,519
X-28 Net assets with donor restrictionsStart of year $60,000$0
X-32 Total net assets or fund balancesStart of year $68,379$445,519
X-33 Total liabilities and net assetsStart of year $94,284$458,764
Part XI · Reconciliation of net assets $445,519 net assets at year end
XI-1 Total revenue$956,701
XI-2 Total expenses$586,445
XI-3 Revenue less expenses$370,256
XI-4 Net assets at start of year$68,379
XI-8 Prior period adjustments$6,884
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$445,519

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

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