Ocean View Cemetery Inc

About Ocean View Cemetery Inc

Ocean View Cemetery Inc (EIN: 16010461) is a nonprofit organization based in Wells, ME. The organization reported total revenue of $411K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean View Cemetery Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ocean View Cemetery 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: 5%
• programs: 95%
• fundraising: 0%

According to IRS 990 filings, Ocean View Cemetery Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of its size and asset base ($1.9M assets). This suggests a volunteer-led structure or that compensation is handled in a way not categorized as officer compensation on the 990.

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 View Cemetery Inc's IRS 990 filings:

• Unusually low reported expenses relative to revenue, potentially indicating under-reporting of certain operational costs or significant reliance on in-kind contributions not fully captured.
• 0% officer compensation for an organization with nearly $2 million in assets could suggest that key personnel are compensated through related entities or other non-transparent mechanisms, or that the organization is entirely volunteer-run at the leadership level, which is rare for its scale.

Strengths

The following positive indicators were identified for Ocean View Cemetery Inc:

• Strong asset growth: Assets increased from $1,326,192 in 2014 to $1,888,846 in 2023, demonstrating excellent financial stewardship.
• Minimal liabilities: Liabilities have consistently been reported as $0 or very low (e.g., $2,351 in 2016), indicating a debt-free and financially secure operation.
• High program efficiency: The reported 0% officer compensation suggests a very high percentage of funds are directed towards the organization's mission.
• Consistent revenue generation: The organization consistently generates more revenue than expenses, allowing for sustained growth and stability.
• Long filing history: 13 filings provide a comprehensive and transparent view of its financial operations over more than a decade.

Frequently Asked Questions about Ocean View Cemetery Inc

Filing History

IRS 990 filing history for Ocean View Cemetery Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ocean View Cemetery Inc's revenue has grown by 248.6%, moving from $59K to $205K. Total assets increased by 88.3% over the same period, from $1.0M to $1.9M. Total functional expenses rose by 88.1%, from $58K to $110K. In its most recent filing year (2023), Ocean View Cemetery Inc reported a surplus of $96K, with revenue exceeding expenses.

Year-by-Year Financial Summary

• 2023: Revenue of $205K, expenses of $110K, and assets of $1.9M (revenue +45.9% year-over-year).
• 2022: Revenue of $141K, expenses of $89K, and assets of $1.8M (revenue -35.4% year-over-year).
• 2021: Revenue of $218K, expenses of $105K, and assets of $1.7M (revenue +58.7% year-over-year).
• 2020: Revenue of $137K, expenses of $74K, and assets of $1.6M (revenue -0.4% year-over-year).
• 2019: Revenue of $138K, expenses of $76K, and assets of $1.6M (revenue -1.6% year-over-year).
• 2018: Revenue of $140K, expenses of $83K, and assets of $1.5M (revenue +14.3% year-over-year).
• 2017: Revenue of $123K, expenses of $84K, and assets of $1.4M (revenue +9.3% year-over-year).
• 2016: Revenue of $112K, expenses of $75K, and assets of $1.4M (revenue -12.4% year-over-year).
• 2015: Revenue of $128K, expenses of $83K, and assets of $1.4M (revenue +30.2% year-over-year).
• 2014: Revenue of $98K, expenses of $70K, and assets of $1.3M (revenue -71.3% year-over-year).
• 2013: Revenue of $342K, expenses of $72K, and assets of $1.3M (revenue +311.7% year-over-year).
• 2012: Revenue of $83K, expenses of $61K, and assets of $1.0M (revenue +41.2% year-over-year).
• 2011: Revenue of $59K, expenses of $58K, and assets of $1.0M.

Data Sources and Methodology

This transparency report for Ocean View Cemetery 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.