OCEAN STUDIES CHARTER SCHOOL INC

EIN: 270677326 501(c)(3) Education

KEY LARGO, FL

Total Revenue
$4,106,887
Total Expenses
$3,311,749
Total Assets
$7,364,876
Net Assets
$5,682,803
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
FL
Principal Officer
JONATHAN SHOFFSTALL
Phone
3058527700
Tax Period
2024-07-01 to 2025-06-30

OCEAN STUDIES CHARTER SCHOOL INC, founded in 2009, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $795K, a strong 19% operating margin.

Mission

THE MISSION OF OCEAN STUDIES CHARTER SCHOOL IS TO OFFER A QUALITY PUBLIC EDUCATION BASED ON THE BESTPRACTICES IN ACCELERATED LEARNING AND REFLECTING THE DIVERSITY OF THE CHILDREN OF MONROE COUNTY.OCEAN STUDIES CHARTER SCHOOL WILL OFFER A RIGOROUS ACADEMIC PROGRAM, PRODUCING STUDENTS WHO MEETOR EXCEED THE SUNSHINE STATE STANDARDS IN ENGLISH LANGUAGE ARTS, MATH, SCIENCE AND SOCIAL STUDIES.WHILE NURTURING CURIOSITY, CREATIVITY AND IMAGINATION, WE WILL ENCOURAGE CHILDREN TO BECOMEINDEPENDENT, RESPONSIBLE AND SELF- MOTIVATED LEARNERS. THROUGH A UNIQUELY PREPARED ENVIRONMENT ANDTHE USE OF SPECIAL DIDACTIC MATERIALS, THE STUDENTS PROGRESS THROUGH INDIVIDUAL EDUCATION PROGRAMSCENTERED ON THE FASCINATING MARINE ENVIRONMENT SURROUNDING THEIR COMMUNITY. IN ADDITION TO ITSSTATED MISSION, OCEAN STUDIES CHARTER SCHOOL'S MAIN PRIORITIES ARE: -TO PROVIDE THE FAMILIES OF THEUPPER KEYS WITH A BOARDER ACCELERATED-LEARNING EXPERIENCE THAN THAT AVAILABLE THROUGH THETRADITIONAL PUBLIC SCHOOL SYSTEM

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $262,480
Program Service Revenue $3,798,734
Investment Income $21,833
Other Revenue $23,840
TOTAL REVENUE $4,106,887

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,258,802
Fundraising Expenses $0
Program Expenses $3,034,740
Other Expenses $1,052,947
TOTAL EXPENSES $3,311,749

Year-over-Year Comparison

2024 2023 Change
Revenue $4,106,887 $5,211,382 -0.2%
Expenses $3,311,749 $2,745,971 +0.2%
Net Income $795,138 $2,465,411 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
43
Volunteers
75

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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLA RUDOLPH PRESIDENT 10.00
Director
$0 $0 $0
CHARLIE RODGERS VICE PRESIDE 2.00
Director
$0 $0 $0
BETH KAMINSTEIN DIRECTOR 6.00
Director
$0 $0 $0
KRISTEN SZPAK SECRETARY 10.00
Director
$0 $0 $0
ARIEL POHOLEK DIRECTOR 6.00
Director
$0 $0 $0
MARLIES TUMOLO DIRECTOR 2.00
Director
$0 $0 $0
DAVID THOMPSON DIRECTOR 2.00
Director
$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
2025 $4,106,887 $3,311,749 $7,364,876 $795,138
2024 $5,211,382 $2,745,971 $6,962,677 $2,465,411
2023 $3,126,127 $2,694,509 $4,849,709 $431,618
2022 $2,809,097 $2,071,263 $4,797,631 $737,834
2021 $1,847,922 $1,499,690 $3,524,869 $348,232
2020 $1,775,884 $1,291,707 $2,761,231 $484,177
2019 $1,253,905 $1,252,356 $502,921 $1,549
2018 $1,415,421 $1,157,589 $524,714 $257,832
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