Nonprofit · EIN 27-1330532
OCEAN OF OPPORTUNITY
Tax-exempt (reinstated) · SOUTH BEND, IN 46619
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | -$500 | $0 | -$500 | $0 | $0 | $0 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $500
- Program service revenue
- $0
- Investment income
- $0
- Net gain from sales of assets
- -$1,000
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Program services (functional)
- $250
Balance sheet and other
- Total assets, start of year
- $500
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Gross receipts
- $500
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Otis Davis | President | 2 | $0 |
| Kisha Hoover | Chairman | 1 | $0 |
| Hubert Gentry | Member | 1 | $0 |
| JaRaan Cornel | Member | 1 | $0 |
| Edward Denny | Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2921 W SAMPLE ST, SOUTH BEND, IN 46619-3231
- In care of
- % SANITA DAVIS
- Mailing address (990-N for 2024)
- 2921 West Sample Street, South Bend IN 46619
- Principal officer (990-N for 2024)
- Sanita Davis, 2921 West Sample Street, South Bend IN 46619
- Signed the 990-EZ
- Sanita Davis, Founder
- Phone
- (574) 904-1241
- Website
- www.oceanofopportunity.org
Mission
Ocean of Opportunity's Primary Exempt Purpose is to give back and be an asset to our community! Our mission is to be a Wave for the community like an Ocean, with flowing resources and endless opportunity! Our objective is to be an organization designed to offer various programs to provide those in transition with a better opportunity that will provide positive and productive changes in their lives and their communities!
Program accomplishments
- Being Able to Provide Resources and being a Mentor to the Youth in the Community has been an Asset, in addition to Helping Parents as Well. Allowing for the Students to gain more confidence with Peer Positive Influence!Expenses $250 · grants $250
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-1330532
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B90)
Revocation and reinstatement
- Exemption revoked
- May 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective May 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: Sanita Davis | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | -$500 | $0 | $0 | XML |
| 990-N for 2021 Officer: Sanita Davis | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Sanita Davis | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Sanita Davis | December 31, 2019 | ≤ $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 27-1330532).
Questions about OCEAN OF OPPORTUNITY
- What is the EIN of OCEAN OF OPPORTUNITY?
- The employer identification number (EIN) of OCEAN OF OPPORTUNITY is 27-1330532.
- Is OCEAN OF OPPORTUNITY tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
- Are donations to OCEAN OF OPPORTUNITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OCEAN OF OPPORTUNITY file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of OCEAN OF OPPORTUNITY 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 OCEAN OF OPPORTUNITY last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
- Who is the principal officer of OCEAN OF OPPORTUNITY?
- The 990-N for 2024 names Sanita Davis.
- Who are the officers and directors of OCEAN OF OPPORTUNITY?
- The 990-EZ for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does OCEAN OF OPPORTUNITY have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of -$500, expenses of $0 and total assets of $0 at year end.
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