Ocean Partnership For Children Inc
Ocean Partnership For Children Inc shows strong revenue growth and consistent surpluses with no reported officer compensation.
EIN: 201047615 · Toms River, NJ · NTEE: F60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.0M |
| Total Expenses | $12.3M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $6.7M |
| Transparency Score | 92/100 |
Is Ocean Partnership For Children Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean Partnership For Children Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Partnership For Children Inc
Ocean Partnership For Children Inc (EIN: 201047615) is a nonprofit organization based in Toms River, NJ, classified under NTEE code F60. The organization reported total revenue of $14.0M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Partnership For Children Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Partnership For Children Inc is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.4M |
| Total Expenses | $12.3M |
| Surplus / Deficit | +$137K |
| Total Assets | $8.3M |
| Total Liabilities | $1.6M |
| Net Assets | $6.7M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 19.5% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2023, Ocean Partnership For Children Inc reported a surplus of $137K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Partnership For Children Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.3% | +11.1% | +17.0% |
| 2022 | +22.1% | +21.1% | +23.7% |
| 2021 | +11.9% | +1.5% | +32.0% |
| 2020 | +11.7% | +20.5% | +23.7% |
| 2019 | +12.7% | +6.8% | +34.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ocean Partnership For Children Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Ocean Partnership For Children Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $137K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $14 million in revenue. This suggests either a volunteer executive board or that executive compensation is categorized differently within the financial statements, warranting further inquiry.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ocean Partnership For Children Inc's IRS 990 filings:
- Lack of clarity on executive compensation given 0% reported officer compensation for an organization of this size.
Strengths
The following positive indicators were identified for Ocean Partnership For Children Inc:
- Consistent revenue growth, demonstrating expanding impact and financial stability.
- Strong program spending ratio, indicating efficient use of funds towards its mission.
- Consistent generation of surpluses, leading to healthy asset accumulation and financial resilience.
- No reported officer compensation, suggesting high efficiency or volunteer leadership at the executive level.
- Healthy asset-to-liability ratio, indicating strong financial solvency.
Frequently Asked Questions about Ocean Partnership For Children Inc
Is Ocean Partnership For Children Inc a legitimate charity?
Ocean Partnership For Children Inc (EIN: 201047615) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $14.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Ocean Partnership For Children Inc spend its money?
Ocean Partnership For Children Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ocean Partnership For Children Inc tax-deductible?
Ocean Partnership For Children Inc is registered as a tax-exempt nonprofit (EIN: 201047615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ocean Partnership For Children Inc CEO make?
Ocean Partnership For Children Inc's highest-compensated officer earns $14 annually. The organization reported $14.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ocean Partnership For Children Inc's spending goes to programs?
Ocean Partnership For Children Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ocean Partnership For Children Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Ocean Partnership For Children Inc is above average for NTEE category F60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ocean Partnership For Children Inc located?
Ocean Partnership For Children Inc is headquartered in Toms River, New Jersey and files with the IRS under EIN 201047615. It is classified under NTEE code F60.
How many years of IRS 990 filings does Ocean Partnership For Children Inc have?
Ocean Partnership For Children Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.0M in total revenue.
Is Ocean Partnership For Children Inc a good charity?
Based on the available IRS 990 data, Ocean Partnership For Children Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a high percentage of expenses dedicated to programs. The lack of reported officer compensation is a significant positive indicator of efficiency, though further clarity on executive remuneration practices would be beneficial.
How does Ocean Partnership For Children Inc manage its finances?
The organization manages its finances effectively, consistently generating surpluses and growing its asset base. For example, in the 202306 period, it had a surplus of $136,519 ($12,430,249 revenue - $12,293,730 expenses). Its assets have grown from $719,572 in 2014 to $8,754,440 currently, indicating prudent financial stewardship and accumulation of reserves.
What is the trend in Ocean Partnership For Children Inc's revenue and expenses?
Ocean Partnership For Children Inc has experienced a strong upward trend in both revenue and expenses over the past decade. Revenue has increased from $4,552,600 in 2014 to $14,034,394 currently, while expenses have also grown, but generally at a slightly lower rate, allowing for consistent surpluses. This indicates expanding operations and increased capacity to serve its mission.
Filing History
IRS 990 filing history for Ocean Partnership For Children Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Partnership For Children Inc's revenue has grown by 331.7%, moving from $2.9M to $12.4M. Total assets increased by 1409.7% over the same period, from $551K to $8.3M. Total functional expenses rose by 322.7%, from $2.9M to $12.3M. In its most recent filing year (2023), Ocean Partnership For Children Inc reported a surplus of $137K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $8.3M in assets (debt-to-asset ratio: 19.5%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.4M | $12.3M | $8.3M | $1.6M | — | View 990 |
| 2022 | $12.9M | $11.1M | $7.1M | $812K | — | View 990 |
| 2021 | $10.5M | $9.1M | $5.7M | $848K | — | View 990 |
| 2020 | $9.4M | $9.0M | $4.4M | $968K | — | View 990 |
| 2019 | $8.4M | $7.5M | $3.5M | $548K | — | View 990 |
| 2018 | $7.5M | $7.0M | $2.6M | $591K | — | View 990 |
| 2017 | $6.1M | $5.7M | $1.9M | $386K | — | View 990 |
| 2016 | $5.8M | $5.2M | $1.5M | $297K | — | View 990 |
| 2015 | $5.0M | $4.6M | $994K | $401K | — | View 990 |
| 2014 | $4.6M | $4.4M | $720K | $468K | — | View 990 |
| 2013 | $3.3M | $3.3M | $635K | $532K | — | View 990 |
| 2012 | $3.0M | $3.0M | $427K | $350K | — | View 990 |
| 2011 | $2.9M | $2.9M | $551K | $463K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.4M, expenses of $12.3M, and assets of $8.3M (revenue -3.3% year-over-year).
- 2022: Revenue of $12.9M, expenses of $11.1M, and assets of $7.1M (revenue +22.1% year-over-year).
- 2021: Revenue of $10.5M, expenses of $9.1M, and assets of $5.7M (revenue +11.9% year-over-year).
- 2020: Revenue of $9.4M, expenses of $9.0M, and assets of $4.4M (revenue +11.7% year-over-year).
- 2019: Revenue of $8.4M, expenses of $7.5M, and assets of $3.5M (revenue +12.7% year-over-year).
- 2018: Revenue of $7.5M, expenses of $7.0M, and assets of $2.6M (revenue +23.0% year-over-year).
- 2017: Revenue of $6.1M, expenses of $5.7M, and assets of $1.9M (revenue +4.2% year-over-year).
- 2016: Revenue of $5.8M, expenses of $5.2M, and assets of $1.5M (revenue +17.5% year-over-year).
- 2015: Revenue of $5.0M, expenses of $4.6M, and assets of $994K (revenue +8.9% year-over-year).
- 2014: Revenue of $4.6M, expenses of $4.4M, and assets of $720K (revenue +37.9% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.3M, and assets of $635K (revenue +10.8% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.0M, and assets of $427K (revenue +3.5% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.9M, and assets of $551K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Partnership For Children Inc:
Data Sources and Methodology
This transparency report for Ocean Partnership For Children Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.