Ocean Charter School
Nonprofit profile at a glance
- EIN
- 020612690
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Los Angeles, CA, USA
- Phone
- 3108275511
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $8,309,210
- Expenses
- $9,015,666
- Assets
- $56,102,224
- Liabilities
- $11,506,215
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- KRISTY MACK-FETT (EXECUTIVE DIRECTOR)
Highest reported compensation
- KRISTY MACK-FETT (EXECUTIVE DIRECTOR): $205,374 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ocean charter school addresses the California common core standards through the mindful implementation of waldorf education.
What it reported doing in 2024
Ocean charter school (ocs) is a public charter school serving approximately 563 students in grades tk through 8. Ocs is built on a foundation of creativity and self-confidence, and grows with the child to balance imagination, critical thinking and academic excellence. This foundation, combined with a focus on ecological and social responsibility, nurtures a sense of delight and wonder about the world, as well as respect for nature and humanity. Ocs goal is to graduate students who will positively shape ocs culture, rather than merely reflecting it. Ocs curriculum is designed to empower each student with the knowledge that she or he matters as an individual and shapes not only her or his own life, but ultimately their shared future.
Operating model
- Revenue model
- Grant-funded. 86% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.5%; rating input score 88
- Program expense ratio: 80.6%; rating input score 81
- Fundraising efficiency: $2,235.4 raised per $1 spent on fundraising; rating input score 99; 99th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8.5%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 6.22; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 11.9% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 87.5% of revenue deployed · 80.6% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $7.3M in reported program spending
- Leadership: top reported pay $205K · 8 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $590K reported
- Consistency: 35 of 35 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 15/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.
- Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.