Nonprofit · EIN 88-2694307
4OCEAN CHARITABLE FOUNDATION INC
Tax-exempt · BOCA RATON, FL 33432
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,601,140 | $253,889 | $1,347,251 | $1,366,168 | $19,217 | $1,346,951 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,601,140
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $51,287
- Other salaries and wages
- $4,276
- Salaries, compensation and benefits (total)
- $65,782
- Professional fundraising fees
- $0
- Legal fees
- $96,412
- Accounting fees
- $19,863
- Travel
- $1,061
- Depreciation
- $129
- Program services (functional)
- $64,949
- Management and general (functional)
- $172,276
- Fundraising (functional)
- $16,664
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $1,366,168
- Total liabilities, end of year
- $19,217
- Net assets, end of year
- $1,346,951
- Land, buildings and equipment
- $4,404
- Publicly traded securities
- $56,759
- Net assets without donor restrictions
- $1,341,951
- Net assets with donor restrictions
- $5,000
- Gross receipts
- $1,601,140
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- DE
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK LIGHTON | EXECUTIVE DIRECTOR eff. 9/2024 Officer | 40 | $51,288 |
| ALEX SCHULZE | PRESIDENT & TREASURER Trustee or director, Officer | 1 | $0 |
| SHAWN ZARBATANY | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARK PATHY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1550 NW 1ST AVE, BOCA RATON, FL 33432-1706
- Mailing address (990-N for 2023)
- 3600 FAU BOULEVARD, BOCA RATON FL 33431
- Principal officer (990 for 2024)
- ALEX SCHULZE, 1550 NW 1ST AVENUE, BOCA RATON, FL 33432
- Principal officer (990-N for 2023)
- ALEX SCHULZE, 3600 FAU BOULEVARD, BOCA RATON FL 33431
- Signed the 990
- ALEX SCHULZE, DIRECTOR, PRESIDENT, TREASURER
- Phone
- (561) 386-8606
- Website
- 4OCEANFOUNDATION.ORG
- Return prepared by
- BDO USA
Mission
4OCEAN FOUNDATION IS DEDICATED TO ENDING PLASTIC POLLUTION BY CLEANING OUR OCEAN, RIVERS, AND COASTLINES, TACKLING THE GROWING THREAT OF MICROPLASTICS, AND EMPOWERING COMMUNITIES THROUGH EDUCATION AND AWARENESS. OUR VISION IS CLEAR, A WORLD FREE FROM PLASTIC POLLUTION, WHERE THE OCEAN THRIVES AND FUTURE GENERATIONS INHERIT A HEALTHIER PLANET.
Program accomplishments
- IN 2024, THE FOUNDATION WAS IN STARTUP MODE AND WE CREATED TWO EDUCATIONAL AND ENGAGEMENT CAMPAIGNS (1) FIGHT FOR THE OCEAN WITH A GOAL TO EDUCATE AND ENGAGE PEOPLE TO ENGAGE WITH THE FOUNDATION'S WEBSITE AND SUBJECT MATTER EXPERTISE. (2) IN CONJUNCTION WITH GIVING SEASON WE CREATED THE I AM THE OCEAN CAMPAIGN, AN INSPIRATIONAL EDUCATION VIDEO THAT INSPIRED HUNDREDS OF PEOPLE TO SIGN UP FOR OUR NEWSLETTER AND VISIT OUR WEBSITE FOR MORE INFORMATION.Expenses $172,276
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 88-2694307
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C30)
- Assets (IRS master file)
- $1,366,168
- Income (IRS master file)
- $1,601,140
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,601,140 | $253,889 | $1,366,168 | XML |
| 990-N for 2023 Officer: ALEX SCHULZE | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-2694307).
Questions about 4OCEAN CHARITABLE FOUNDATION INC
- What is the EIN of 4OCEAN CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of 4OCEAN CHARITABLE FOUNDATION INC is 88-2694307.
- Is 4OCEAN CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to 4OCEAN CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 4OCEAN CHARITABLE FOUNDATION INC 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 4OCEAN CHARITABLE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 4OCEAN CHARITABLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 4OCEAN CHARITABLE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ALEX SCHULZE.
- Who are the officers and directors of 4OCEAN CHARITABLE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $51,288 (JACK LIGHTON, EXECUTIVE DIRECTOR eff. 9/2024).
- How much revenue does 4OCEAN CHARITABLE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,601,140, expenses of $253,889 and total assets of $1,366,168 at year end.
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