Nonprofit · EIN 81-4885194
OCEAN ACADEMY CHARTER SCHOOL
Tax-exempt · LAKEWOOD, NJ 08701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,313,877 | $15,865,761 | -$551,884 | $24,242,710 | $18,981,396 | $5,261,314 |
| June 30, 2024 | 990 | $14,715,038 | $12,852,553 | $1,862,485 | $24,938,903 | $19,125,705 | $5,813,198 |
| June 30, 2023 | 990 | $11,375,599 | $10,054,971 | $1,320,628 | $22,834,625 | $18,873,355 | $3,961,270 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $15,287,534
- of which government grants
- $4,559,887
- Program service revenue
- $26,343
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $7,640,786
- Salaries, compensation and benefits (total)
- $10,724,369
- Professional fundraising fees
- $0
- Legal fees
- $38,991
- Accounting fees
- $21,531
- Occupancy
- $481,375
- Depreciation
- $323,242
- Program services (functional)
- $11,345,148
- Management and general (functional)
- $4,520,613
Balance sheet and other
- Total assets, start of year
- $24,938,903
- Total assets, end of year
- $24,242,710
- Total liabilities, end of year
- $18,981,396
- Net assets, end of year
- $5,261,314
- Land, buildings and equipment
- $14,729,430
- Net assets without donor restrictions
- $5,176,908
- Net assets with donor restrictions
- $84,406
- Gross receipts
- $15,313,877
- Employees
- 157
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AASE MARIE HARE | Trustee Trustee or director | 1 | $0 |
| DAVID CORSO | Trustee Trustee or director | 1 | $0 |
| ROXANNE MARTIN | Trustee Trustee or director | 1 | $0 |
| DAVID BLOCK | BUSINESS ADMIN Trustee or director | 40 | $0 |
| MARSHALL WHITE | Trustee Trustee or director | 1 | $0 |
| SHARON HOLLANDER | Trustee Trustee or director | 1 | $0 |
| RAUL ORELLANA | Trustee Trustee or director | 1 | $0 |
| ANITA LEPELSTAT | President Officer | 5 | $0 |
| JIM MUZIKOWSKI | Vice President Officer | 5 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AASE MARIE HARE | Trustee Trustee or director | 1 | $0 |
| DAVID CORSO | Trustee Trustee or director | 1 | $0 |
| ROXANNE MARTIN | Trustee Trustee or director | 1 | $0 |
| MARSHALL WHITE | Trustee Trustee or director | 1 | $0 |
| SHARON HOLLANDER | Trustee Trustee or director | 1 | $0 |
| RAUL ORELLANA | Trustee Trustee or director | 1 | $0 |
| ANITA LEPELSTAT | President Officer | 5 | $0 |
| JIM MUZIKOWSKI | Vice President Officer | 5 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AASE SCHULTS HARE | Trustee Trustee or director | 1 | $0 |
| THOMAS D'AMBOLA | Trustee Trustee or director | 1 | $0 |
| ROXANNE MARTIN | Trustee Trustee or director | 1 | $0 |
| MARSHALL WHITE | Trustee Trustee or director | 1 | $0 |
| SHARON HOLLANDER | Trustee Trustee or director | 1 | $0 |
| STEPHEN NICHOL | Trustee Trustee or director | 1 | $0 |
| ANITA LEPELSTAT | President Officer | 5 | $0 |
| JIM MUZIKOWSKI | Vice President Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1650 MASSACHUSETTS AVE, LAKEWOOD, NJ 08701-5705
- Signed the 990
- ANITA LEPELSTAT, President
- Phone
- (732) 987-6525
- Website
- WWW.OCEANACADEMYCHARTER.COM
- Return prepared by
- Jump Perry and Company LLP
Mission
To provide elementary students with a high quality and student-centered education in a safe, nurturing, and challenging environment so that all students achieve their highest level of academic success.
Program accomplishments
- Educational environment that supports student engagement and empowers all students to identify and utilize their own abilities and gifts.Expenses $11,345,148
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4885194
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $24,242,710
- Income (IRS master file)
- $15,313,877
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,313,877 | $15,865,761 | $24,242,710 | IRS |
| 990 | June 2024 | $14,715,038 | $12,852,553 | $24,938,903 | IRS |
| 990 | June 2023 | $11,375,599 | $10,054,971 | $22,834,625 | XML |
| 990 | June 2022 | $8,975,459 | $8,543,174 | $21,424,598 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-4885194).
Questions about OCEAN ACADEMY CHARTER SCHOOL
- What is the EIN of OCEAN ACADEMY CHARTER SCHOOL?
- The employer identification number (EIN) of OCEAN ACADEMY CHARTER SCHOOL is 81-4885194.
- Is OCEAN ACADEMY CHARTER SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to OCEAN ACADEMY CHARTER SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OCEAN ACADEMY CHARTER SCHOOL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OCEAN ACADEMY CHARTER SCHOOL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OCEAN ACADEMY CHARTER SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of OCEAN ACADEMY CHARTER SCHOOL?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does OCEAN ACADEMY CHARTER SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,313,877, expenses of $15,865,761 and total assets of $24,242,710 at year end.
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