Florida Ocean Clean Up Society Inc

Nonprofit profile at a glance

EIN
472282209
IRS 990-EZ coverage
2015–2023
Forms available
Form 990-EZ 2023
Location
Miami, FL, USA
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nerve, Muscle and Bone Diseases

Reported finances

Revenue
$95,915
Expenses
$94,961
Assets
$2,424

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • DAVID FURER (PRESIDENT)

People named in this filing

  • IBRAHIM ASHEMIMRY (BOARD MEMBER)
  • JUAN P ORTEGA (BOARD MEMBER)
  • DAVID FURER (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o

What it reported doing in 2023

THE FLORIDA OCEAN CLEANUP SOCIETY FOCUS IS A NONPROFIT ORGANIZATION 501C3 RUN BY A SMALL TEAM OF DEDICATED PEOPLE AND SUPPORTED BY PASSIONATE VOLUNTEERS. OUR MISSION IS TO 1. Implement prevention and removal solutions to r

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

SUPPORTED - The filed numbers largely add up. Assets have declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 100
  • Sustainability: 25
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.2%; rating input score 85
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 1%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 85.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 38% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: -6.3% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 85.2% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2015 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.