OCEAN PARK ASSOCIATION

EIN: 010223014 501(c)(3)

OCEAN PARK, ME

Total Revenue
$771,176
Total Expenses
$636,154
Total Assets
$3,550,766
Net Assets
$3,500,742
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Financial Trends

Organization Details

Formation Year
1881
Legal Domicile
ME
Principal Officer
CYNTHIA BENEDICT
Phone
2079349068
Tax Period
2023-01-01 to 2023-12-31

OCEAN PARK ASSOCIATION is a 501(c)(3) with EIN 010223014, based in OCEAN PARK, ME. Founded in 1881, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $771,176 in total revenue and $636,154 in total expenses, with net assets of $3,500,742.

Mission

TO CONDUCT A SUMMER ASSEMBLY IN THE CHAUTAUQUA TRADITION. THE PURPOSE OF THE OCEAN PARK ASSOCIATION IS TO AFFIRM THE TRADITIONS AND SPIRITUAL HERITAGE OF WHICH WE ARE HEIRS, THROUGH A SUMMER ASSEMBLY PROGRAM WHERE CHRISTIAN WORSHIP, PRINCIPLES AND IDEALS ARE AT THE FOCUS; WHERE DIVERSITY IS CELEBRATED AND DIGNITY OF ALL IS EMBRACED AND RESPECTED; WHERE THE NATURAL BEAUTY OF OUR SEASIDE RESORT IS CONSERVED AND ENHANCED; AND WHERE PROGRAMS CENTERED ON RELIGION, EDUCATION, RECREATION AND CULTURE PROVIDE OPPORTUNITIES FOR INDIVIDUAL GROWTH AND FAMILY ENRICHMENT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $378,397
Program Service Revenue $100,143
Investment Income $198,457
Other Revenue $94,179
TOTAL REVENUE $771,176

Expense Breakdown

Grants Paid $0
Salaries & Benefits $314,817
Fundraising Expenses $42,770
Program Expenses $353,989
Other Expenses $321,337
TOTAL EXPENSES $636,154

Year-over-Year Comparison

2023 2022 Change
Revenue $771,176 $693,119 +0.1%
Expenses $636,154 $701,537 -0.1%
Net Income $135,022 $-8,418 -17.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
28
Volunteers
300

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$72,692
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI GRAMLICH EXECUTIVE DI 40.00
Officer
$72,692 $0 $72,692
LEVON AKOGHIANIAN DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA BENEDICT PRESIDENT 2.00
Officer Director
$0 $0 $0
SUSAN COLLARD DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN FOSTER DIRECTOR 1.00
Director
$0 $0 $0
HEATHER FOUNTAIN DIRECTOR AT 1.00
Director
$0 $0 $0
TERRENCE GALLAGHER TREASURER 2.00
Officer Director
$0 $0 $0
STUART GOLDSTEIN DIRECTOR 1.00
Director
$0 $0 $0
PAT HAGER DIRECTOR 1.00
Director
$0 $0 $0
RICHARD HALEY DIRECTOR 1.00
Director
$0 $0 $0
DAVID JACKSON DIRECTOR AT 1.00
Director
$0 $0 $0
RICHARD KOEHLER DIRECTOR 1.00
Director
$0 $0 $0
LINDA LAURITANO VICE PRESIDE 2.00
Officer Director
$0 $0 $0
PAM SAVAGE DIRECTOR AT 1.00
Director
$0 $0 $0
STEPHEN SOUSA DIRECTOR 1.00
Director
$0 $0 $0
MARTINE TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
KATHY WADE SECRETARY 2.00
Officer Director
$0 $0 $0
STUART MACMILLAN INTERIM ED 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $771,176 $636,154 $3,550,766 $135,022
2022 $693,119 $701,537 $3,350,185 $-8,418
2021 $686,431 $571,523 $3,793,180 $114,908
2021 $636,431 $571,523 $3,743,180 $64,908
2020 $488,071 $508,420 $3,503,974 $-20,349
2019 $638,042 $542,573 $3,409,066 $95,469
2018 $706,130 $529,495 $3,198,856 $176,635
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