Oceanside Chamber of Commerce Foundation
Nonprofit profile at a glance
- EIN
- 262292892
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990 2018, Form 990-EZ 2024
- Location
- Oceanside, CA, USA
- Phone
- 7607221534
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $103,618
- Expenses
- $85,264
- Assets
- $65,266
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- SCOTT ASHTON (FOUNDATION CEO)
People named in this filing
- BILL BIRNIE (FOUNDATION BOARD MEMBER)
- ERNIE PRIETO (FOUNDATION BOARD MEMBER)
- KEVIN SHIN (FOUNDATION BOARD MEMBER)
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
To support educational opportunities in the oceanside area through scholarships for deserving high school seniors and class room grants, to organize events to recognize the military and their families who live in the oceanside area, and to partner with other local charitable organizaitons that serve the community.
What it reported doing in 2024
Provide scholarships and conduct annual event
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 47
- Transparency & Controls: 100
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.3%; rating input score 43
- Program expense ratio: 52.6%; rating input score 53
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 17.7%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 2.3% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 9.3% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 17.1% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 43.3% of revenue deployed · 52.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $45K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 — Financial Efficiency: Mission deployment rate scored 43/100.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.