Oceans of Hope Foundation Inc

Nonprofit profile at a glance

EIN
471259602
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
New Smyrna Beach, FL, USA
Phone
4079633658
Rating
97
Verdict
STRONG
Rating confidence
Moderate
Sector
Patient Services - Entertainment, Recreation

Official website

Reported finances

Revenue
$46,023
Expenses
$13,211
Assets
$142,502

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • CHRISTOPHER SHARPE (PRESIDENT)

People named in this filing

  • STEVEN REECE (EXECUTIVE DI)
  • CHRISTOPHER SHARPE (PRESIDENT)
  • MIKE RECICAR (VICE PRESIDE)

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

At oceans of hope foundation, we harness the healing power of the ocean to uplift individuals with physical, developmental, and cognitive challenges. Through adaptive surfing and kayaking, we offer moments of freedom, strength, and hope, where limitations fade and possibility rises. With every wave, our trained volunteers help write new stories of courage and connection.

What it reported doing in 2025

2025 has been a landmark year for oceans of hope foundation we proudly welcomed a record number of guest athletes into the water for adaptive surfing, creating unforgettable experiences and breaking new ground in inclusion and empowerment. Our kayak program found a new home through an exciting partnership with marine discovery center, expanding our reach and impact. We were also honored to host a record number of heroes from the wounded warrior project for two incredible days of connection and adventure. In addition, we've been thrilled to welcome a wave of new community partners who share our mission and passion. Together, we're proving that with heart and teamwork, anything is possible.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 78
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

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: 71.3%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 10.79; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 25.4% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: -19.7% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 26% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $61K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 5 of 6 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.