Ocean Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 221804345 ✦ Toms river, NJ ✦ Designated as a 501(c)(3)

Overview

What is Ocean Inc?

Ocean Inc, a nonprofit organization based in Toms River, New Jersey, focuses on administering various assistance programs for low-income families. Their primary initiative is managing the Federal Head Start Program, which is a comprehensive preschool program for disadvantaged children aged 3-5 years old. Eligibility for this program is determined by income guidelines set by the federal government. Head Start offers services in five major areas: education, health, social services, parent involvement, and special needs. By enhancing the growth and development of children, Head Start promotes family self-sufficiency and builds community partnerships. Ocean Inc also administers Weatherization Programs and Rental Assistance Programs as part of their mission. Currently, they operate Head Start programs at six locations throughout Ocean County, including Brick, Berkeley, Barnegat, Toms River, Manchester, and the LEAP Delegate Center in Lakewood.


Official website here: www.oceaninc.org

Is Ocean Inc legitimate?

Ocean Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $331,727
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,850,467

For more financial information, click here


Official website here: www.oceaninc.org

What is the mission statement of Ocean Inc?

Ocean Inc is a non-profit organization dedicated to administering various assistance programs for low-income families. Among these programs are the Head Start Program, which is a comprehensive preschool initiative for children aged 3-5 from disadvantaged backgrounds. Eligibility for this program is determined by income guidelines set by the federal government. The Head Start Program focuses on five major areas: education, health, social services, parent involvement, and special needs. These programs not only enhance the growth and development of young children, but they also foster family self-sufficiency and develop community partnerships. Ocean Inc currently operates Head Start programs at six locations throughout the county.


Official website here: www.oceaninc.org

Who is the CEO of Ocean Inc?

Channell Wilkins is the President/Ceo of Ocean Inc. The CEO's salary of Ocean Inc is $200,050 and their total compensation is $200,650.


Official website here: www.oceaninc.org

What is the revenue of Ocean Inc?

Ocean Inc's revenue in 2022 was $14,455,709.


Official website here: www.oceaninc.org

Who are the executives of Ocean Inc and what are their salaries?

The average compensation at Ocean Inc during 2022 was $22,979. There are 182 employees and 50 volunteers at Ocean Inc.

Here are 13 key members and their salaries (Ocean Inc's CEO's salary is $200,050 and their total compensation is $200,650):

    Channell Wilkins (President/Ceo)
  • Compensation: $200,050
  • Related: $0
  • Other: $600

    • Beth Hudson (Chief Financial Officer)
  • Compensation: $108,636
  • Related: $0
  • Other: $22,441

    • Margaret Saunders (Vp Of Children'S Services)
  • Compensation: $110,952
  • Related: $0
  • Other: $4,954

    • Sherrie Huff (Vp Of Human Resources)
  • Compensation: $106,391
  • Related: $0
  • Other: $3,756

    • Anita Woolery (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glynis Jean Wray (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracey Lynn Triniwell (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Guarin (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer L Barnes Esq (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marion Callazzo (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ernest D Coursey (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry A Jackson (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shamaila Sheikh (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.oceaninc.org

    Where can I find the form 990 for Ocean Inc?

    The Ocean Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.oceaninc.org

    Learn more at the official website: www.oceaninc.org

    Mission Statement of Ocean Inc

    Ocean Inc, a renowned nonprofit organization, is dedicated to the administration of various federal programs aimed at assisting low-income families. Among these initiatives are the Head Start Program, Weatherization Programs, and Rental Assistance Programs.

    Ocean Inc's flagship program, Head Start, is a comprehensive preschool initiative that caters to children between the ages of 3 and 5 from disadvantaged families. Eligibility for this program depends on both income guidelines from the federal government and the specific Head Start Centers. The program focuses on enhancing the growth and development of young children while promoting family self-sufficiency and fostering community partnerships. It encompasses five major areas of service: education, health, social services, parent involvement, and special needs.

    Through the Head Start Child Development Program, Ocean Inc ensures that children from low-income backgrounds receive a strong foundation for their future academic and personal success. This program not only improves the children's development but also supports their families in various aspects. By administering these essential programs, Ocean Inc plays a crucial role in uplifting families from poverty and creating a positive impact on the community as a whole.

    In summary, Ocean Inc, a pioneering nonprofit organization, is committed to improving the lives of low-income families by administering a range of federal programs, including the Head Start Program, Weatherization Programs, and Rental Assistance Programs. Through these initiatives, Ocean Inc fosters the growth and development of young children, promotes family self-sufficiency, and builds community partnerships.

    Impact

    This information is meant to be a general summary of Ocean Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Ocean Inc's impact is significant in providing crucial support and assistance to low-income families in Ocean County, New Jersey. Through their administration of federal programs such as Head Start, weatherization programs, and rental assistance programs, Ocean Inc plays a vital role in promoting family self-sufficiency and community partnerships. Specifically, their Head Start program offers comprehensive preschool services to disadvantaged children aged 3-5, focusing on education, health, social services, parent involvement, and special needs. By enhancing the growth and development of children and empowering families, Ocean Inc contributes to the overall improvement of the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $111,613
  • Program Service Revenue: $1,225,257
  • Gross Receipts: $15,153,630

    • Assets and Liabilities:
  • Total Assets: $22,321,911
  • Total Liabilities: $12,091,437
  • Net Assets: $10,230,474
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $1,225,257

    Organization Details

    Founding Year

    1967

    Principal Officer

    Channell Wilkins

    Main Address

    40 WASHINGTON ST, TOMS RIVER, NJ, 08753

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Ocean Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.