Ocean Trust in Reston, Virginia (VA)
Table of contents:
| Ocean Trust | |
| Employer Identification Number (EIN) | 541602479 |
| Name of Organization | Ocean Trust |
| In Care of Name | Thor Lassen |
| Address | 11921 Freedom Dr Ste 550, Reston, VA 20190-5635 |
| Activities | Preservation of natural resources (conservation), Described in section 170(b)1)(a)(vi) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 12/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 04/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $195,493 |
| Amount of Income | $290,623 |
| Form 990 Revenue Amount | $290,623 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $290,623 (it was $174,114 in 2011)
| This organization: | $290,623 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $195,493 (it was $194,482 in 2011)
| Ocean Trust: | $195,493 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2011: $324,715
| This organization: | $324,715 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2011: 0.9
| Ocean Trust: | 0.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 85.6%
| Ocean Trust: | 85.6% |
| Other organizations performing similar types of work: | 22.8% |
Revenue for 2011
Functional expenses for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $174,114 |
| Contributions, Gifts, Grants and Other Similar Amounts | $149,093 |
| Program Service Revenue | $25,000 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $21 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $324,715 |
| Compensation of current officers, directors, trustees, and key employees | $135,000 |
| Other salaries and wages | $0 |
| Payroll taxes | $8,579 |
| Professional fundraising services | $0 |
| Other | $181,136 |
| Balance Sheet (for 2011) | |
| Total assets | $194,482 |
| Total liabilities | $272,739 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $272,739 |
| Total net assets or fund balances | $-78,257 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total support | $949,201 |
| Gifts, grants, contributions, and membership fees received | $945,994 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $3,207 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Suntrust Foundation | 919 E Main St Fl 13, Richmond, VA 23219-4622 | VA | 1974-01 | $119,207,230 |
| 2 | The Richard And Leslie Gilliam Foundation | 650 Peter Jefferson Pkwy Ste 230, Charlottesville, VA 22911-8845 | VA | 2006-06 | $38,062,647 |
| 3 | Wise Foundation | PO BOX 557, Marshall, VA 20116-0557 | VA | 1999-08 | $11,791,992 |
| 4 | Scheidel Foundation, Scheidel Herbert W Ttee Et Al | 1220 N Fillmore St Ste 400, Arlington, VA 22201-6501 | VA | 1999-12 | $8,595,635 |
| 5 | Culp Family Foundation | 8405 Greensboro Dr 7th Fl, Mclean, VA 22102-5104 | VA | 2013-01 | $8,025,033 |
| 6 | Neall Family Charitable Foundation, Macdonald Rhonda J Ttee | 2071 Chain Bridge Rd Ste 320, Vienna, VA 22182-2622 | VA | 2014-02 | $6,023,457 |
| 7 | Joan And Morgan Massey Foundation | 5002 Monument Ave, Richmond, VA 23230-3634 | VA | 2015-03 | $5,998,266 |
| 8 | Reinsch Pierce Family Foundation Inc | 2040 Columbia Pike, Arlington, VA 22204-6236 | VA | 2004-02 | $5,079,571 |
| 9 | Virginia Institute Of Autism Incorporated | 1414 Westwood Rd, Charlottesvle, VA 22903-5149 | VA | 2001-03 | $4,860,563 |
| 10 | Lilyhawk Foundation | 999 Waterside Dr, Norfolk, VA 23510-3300 | VA | 2013-02 | $4,661,070 |
| 11 | Sportsquest Foundation | 1001 Boulders Pkwy Ste 300, Richmond, VA 23225-5512 | VA | 2007-12 | $4,568,795 |
| 12 | The Mcgue Millhiser Family Trust | PO BOX 1535, Richmond, VA 23218-1535 | VA | 2004-04 | $4,404,355 |
| 13 | Notzing Foundation | 258 E High St, Charlottesvle, VA 22902-5178 | VA | 2012-09 | $4,131,745 |
| 14 | Fagus Foundation | PO BOX 1395, Middleburg, VA 20118-1395 | VA | 2008-03 | $3,806,726 |
| 15 | Volgenau Charitable Foundation | 8300 Greensboro Dr Ste 1025, Mclean, VA 22102-3605 | VA | 2011-07 | $3,805,012 |
| 16 | Constitution Foundation, Saylor Michael J Ttee | 1861 International Dr, Mclean, VA 22102-4409 | VA | 1999-07 | $3,376,036 |
| 17 | Vicky Collins Charitiable Foundation Inc | C/O David Sher 3800 N Fairfax Drive, Arlington, VA 22203 | VA | 2005-02 | $3,217,788 |
| 18 | Vinoskey Family Foundation | 13150 E Lynchburg-Salem Turnpike, Forest, VA 24551-4328 | VA | 2008-02 | $2,740,300 |
| 19 | Sellier Family Foundation | 3 Clarks Branch Rd, Great Falls, VA 22066-4157 | VA | 2012-02 | $2,610,366 |
| 20 | Warfield Foundation Inc | 101 W Main Street, Norfolk, VA 23510-1646 | VA | 2008-02 | $2,371,045 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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