Ocean Community Chamber Foundation

Nonprofit profile at a glance

EIN
050494495
IRS 990-EZ coverage
2009–2024
Forms available
Form 990 2016, Form 990-EZ 2024
Location
Westerly, RI, USA
Phone
4015969797
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Reported finances

Revenue
$78,303
Expenses
$89,860
Assets
$97,780
Liabilities
$53,752

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • SUZIE FLORES (1ST VICE PRESIDENT)
  • JOHN LAYTON (IMMEDIATE PAST PRESIDENT)
  • JOANNA VALENTINI (PRESIDENT)
  • DANIEL LATHROP (2ND VICE PRESIDENT)

People named in this filing

  • LISA KONICKI (DIRECTOR)
  • SUZIE FLORES (1ST VICE PRESIDENT)
  • MICHAEL F BENEVIDES (TREASURER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Educational and economic development

What it reported doing in 2024

Produced an athena award program to recognize those who have worked to advance women in businesss and provided small scholarships to aspiring women entering college.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of total spending goes to programs and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 82
  • Sustainability: 35
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.6%; rating input score 62
  • Program expense ratio: 53%; rating input score 53

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -14.8%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 1.09; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.55; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 0.1% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 41st percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 61.6% of revenue deployed · 53% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $48K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 53/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 27/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.