Ocean Fest Inc
Nonprofit profile at a glance
- EIN
- 872990341
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990 2023, Form 990-EZ 2025, Form 990-N 2021
- Location
- Hampstead, NC, USA
- Phone
- 9106048595
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Natural Resources Conservation and Protection
Reported finances
- Revenue
- $21,016
- Expenses
- $38,702
- Assets
- $195,900
- Liabilities
- $1,710
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- Mark Anders (Chairman)
- Luke Anders (Secretary)
- Cory Sydes (Director)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule O
What it reported doing in 2025
Held two fundraising events promoting local conservation and overall ecological education while raising funds to award grants to others. Approx 1,225 in attendance combined.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 70% of its reported program spending out as grants.
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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 93
- Sustainability: 38
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 73.5%; rating input score 74
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 3rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -84.2%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 5.06; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -98.4% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: -42.9% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 73.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $28K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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 — Sustainability: Operating margin scored 8/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.