BLUE OCEAN FAITH

EIN: 810857897 501(c)(3) Religion

SANTA MONICA, CA

Total Revenue
$152,755
Total Expenses
$183,996
Total Assets
$75,253
Net Assets
$75,253
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
SEI WEI ONG
Phone
7813561603
Tax Period
2023-01-01 to 2023-12-31

BLUE OCEAN FAITH, founded in 2015, is a small nonprofit in the Religion sector that reported $153K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $184K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO FOSTER CONNECTIONS BETWEEN GOD, OURSELVES, AND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $134,290

CONFERENCE SERIES WHERE PEOPLE FROM AROUND THE COUNTRY GATHER TOGETHER TO DISCUSS BUILDING THRIVING COMMUNITIES OF FAITH IN THIS RADICALLY CHANGING WORLD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $152,728
Program Service Revenue $0
Investment Income $34
Other Revenue $-7
TOTAL REVENUE $152,755

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,093
Fundraising Expenses $17,906
Program Expenses $134,290
Other Expenses $15,903
TOTAL EXPENSES $183,996

Year-over-Year Comparison

2023 2022 Change
Revenue $152,755 $175,715 -0.1%
Expenses $183,996 $213,698 -0.1%
Net Income $-31,241 $-37,983 -0.2%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
2
Volunteers
5

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
4
$124,669
Total Directors
5
$124,669
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SCHMELZER EXECUTIVE DIRECTOR 40.00
Officer Director
$105,397 $19,272 $124,669
MARK SHEPARD PRESIDENT 2.00
Officer Director
$0 $0 $0
SEI WEI ONG TREASURER 2.00
Officer Director
$0 $0 $0
KRISTINA KAISER SECRETARY 2.00
Officer Director
$0 $0 $0
KIRSTY PAXTON 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
2023 $152,755 $183,996 $75,253 $-31,241
2022 $175,715 $213,698 $105,994 $-37,983
2021 $275,177 $208,842 $143,977 $66,335
2020 $210,040 $200,728 $77,385 $9,312
2019 $178,820 $203,238 $67,498 $-24,418
2018 $216,363 $225,019 $88,149 $-8,656
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