Nonprofit · EIN 62-1820576
OCOEE FOUNDATION INC
Tax-exempt · CLEVELAND, TN 37312
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $98,292,310 | $95,398,328 | $2,893,982 | $109,950,304 | $63,756,790 | $46,193,514 |
| December 31, 2024 | 990 | $89,956,506 | $86,817,371 | $3,139,135 | $90,983,951 | $47,307,766 | $43,676,185 |
| December 31, 2023 | 990 | $77,785,069 | $72,956,547 | $4,828,522 | $63,076,775 | $22,880,133 | $40,196,642 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $95,656,718
- Investment income
- $1,887,283
- Net gain from sales of assets
- $1,885,097
- Other revenue
- $748,309
Expenses
- Grants and similar amounts paid
- $830,350
- Compensation of officers, directors and key employees
- $563,638
- Other salaries and wages
- $41,967,876
- Salaries, compensation and benefits (total)
- $49,778,263
- Professional fundraising fees
- $0
- Legal fees
- $235,013
- Accounting fees
- $449,974
- Occupancy
- $2,598,793
- Travel
- $187,229
- Depreciation
- $3,206,529
- Program services (functional)
- $87,444,802
- Management and general (functional)
- $7,953,526
Balance sheet and other
- Total assets, start of year
- $90,983,951
- Total assets, end of year
- $109,950,304
- Total liabilities, end of year
- $63,756,790
- Net assets, end of year
- $46,193,514
- Land, buildings and equipment
- $86,992,765
- Net assets without donor restrictions
- $46,193,514
- Gross receipts
- $102,692,364
- Employees
- 1,799
- Volunteers
- 200
- Year formed
- 2000
- State of legal domicile
- TN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN SHEEHAN JR | PRESIDENT Trustee or director, Officer | 40 | $375,899 | $10,466 |
| MICHAEL WARD | ADMINISTATOR Highest-paid employee | 1 | $160,205 | $15,551 |
| BILLY HUNT | ADMINISTATOR Highest-paid employee | 1 | $163,531 | $9,930 |
| LISA VETETO | ADMINISTATOR Highest-paid employee | 1 | $164,568 | $3,204 |
| SHEILA STEPHENS | ADMINISTATOR Highest-paid employee | 1 | $148,003 | $19,216 |
| DAVID MAXWELL | ADMINISTATOR Highest-paid employee | 1 | $157,295 | $3,106 |
| JOHN J SHEEHAN III | VICE PRESIDENT & SECRETARY Trustee or director, Officer | 35 | $142,115 | $6,993 |
| MARGARET P SHEEHAN | TREASURER Trustee or director, Officer | 15 | $45,624 | $10,320 |
| WILIAM S BURTON | DIRECTOR Trustee or director | 1 | $30,000 | $0 |
| DONALD BRADLEY | DIRECTOR Trustee or director | 1 | $29,402 | $0 |
| ALAN SMITH | DIRECTOR Trustee or director | 1 | $26,484 | $0 |
| KATHLEEN KUPCHYNSKY | DIRECTOR Trustee or director | 1 | $26,346 | $0 |
| DOROTHY PHILLIPS | DIRECTOR Trustee or director | 1 | $25,358 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN SHEEHAN JR | PRESIDENT Officer | 40 | $261,385 | $9,166 |
| LISA VETETO | ADMINISTATOR Highest-paid employee | 1 | $170,958 | $0 |
| TRUDY ERICKSON | ADMINISTATOR Highest-paid employee | 1 | $160,293 | $0 |
| JOSH CANNON | ADMINISTATOR Highest-paid employee | 1 | $150,498 | $0 |
| DAVID MAXWELL | ADMINISTATOR Highest-paid employee | 1 | $148,992 | $0 |
| BRENT FAIR | ADMINISTATOR Highest-paid employee | 1 | $148,510 | $0 |
| JOHN J SHEEHAN III | VICE PRESIDENT & SECRETARY Officer | 35 | $121,016 | $6,867 |
| MARGARET P SHEEHAN | TREASURER Officer | 35 | $63,648 | $8,300 |
| WILIAM S BURTON | DIRECTOR Trustee or director | 3 | $30,000 | $0 |
| DONALD BRADLEY | DIRECTOR Trustee or director | 2 | $29,005 | $0 |
| ALAN SMITH | DIRECTOR Trustee or director | 2 | $26,370 | $0 |
| KATHLEEN KUPCHYNSKY | DIRECTOR Trustee or director | 1 | $25,008 | $0 |
| DOROTHY PHILLIPS | DIRECTOR Trustee or director | 1 | $21,918 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN SHEEHAN JR | PRESIDENT Officer | 40 | $260,336 | $0 | $15,532 |
| MELISSA HANSEN | ADMINISTATOR Key employee | 1 | $0 | $166,190 | $15,895 |
| JOSH CANNON | ADMINISTATOR Key employee | 1 | $0 | $152,940 | $22,967 |
| MICHAEL MAXWELL | ADMINISTATOR Highest-paid employee | 1 | $0 | $146,259 | $0 |
| TRUDY ERICKSON | ADMINISTATOR Highest-paid employee | 1 | $0 | $144,407 | $0 |
| JOHN J SHEEHAN III | VICE PRESIDENT Officer | 35 | $121,006 | $0 | $7,310 |
| MARGARET P SHEEHAN | TREASURER Officer | 35 | $63,712 | $0 | $15,531 |
| WILIAM S BURTON | DIRECTOR Trustee or director | 3 | $30,000 | $0 | $0 |
| ALAN SMITH | DIRECTOR Trustee or director | 2 | $27,500 | $0 | $0 |
| DONALD BRADLEY | DIRECTOR Trustee or director | 2 | $25,962 | $0 | $0 |
| KATHLEEN KUPCHYNSKY | DIRECTOR Trustee or director | 2 | $22,660 | $0 | $0 |
| DOROTHY PHILLIPS | DIRECTOR Trustee or director | 2 | $20,208 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3555 KEITH ST NW STE 101, CLEVELAND, TN 37312-4375
- In care of
- % JOHN J SHEEHAN JR
- Principal officer (990 for 2025)
- JOHN J SHEEHAN III, 3555 KEITH ST NW SUITE 101, CLEVELAND, TN 37312
- Signed the 990
- JOHN J SHEEHAN III, VICE PRESIDENT & SECRETARY
- Phone
- (423) 614-3490
- Website
- WWW.OCOEEFOUNDATION.ORG
- Return prepared by
- JOHNSON HICKEY & MURCHISON PC
Mission
TO ESTABLISH, DEVELOP, OWN, MAINTAIN AND OPERATE HOSPITALS, NURSING HOMES, ADULT DAY CARE FACILITIES, RESIDENTIAL ASSISTED LIVING FACILITIES, RELATED HEALTH CARE FACILITIES, AND OTHER RESIDENTIAL FACILITIES DESIGNED TO MEET THE HOUSING, HEALTH, PERSONAL NEEDS AND FINANCIAL SECURITY NEEDS OF ELDERLY, DISABLED, POOR, AND OTHER SPECIAL POPULATIONS (THE FACILITIES). THROUGH THESE FACILITIES, THE ORGANIZATION MAY ALSO PROVIDE HEALTH CARE SERVICES. ALL FACILITIES ARE OWNED AND OPERATED ON A NON-PROFIT BASIS. AS FUNDS ALLOW, AND UPON THE APPROVAL OF THE BOARD OF DIRECTORS, THE ORGANIZATION WILL MAKE CONTRIBUTIONS TO OTHER ORGANIZATIONS EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Program accomplishments
- ESTABLISH, DEVELOP, AND OPERATE NURSING HOMES, RESIDENTIAL ASSISTED LIVING FACILITIES, RELATED HEALTH CARE FACILITIES, AND OTHER RESIDENTIAL FACILITIES TO MEET NEEDS OF THE ELDERLY, DISABLED, POOR, AND OTHER SPECIAL POPULATIONS.Expenses $87,444,802 · grants $830,350 · revenue $95,656,718
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1820576
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E91)
- Assets (IRS master file)
- $109,950,304
- Income (IRS master file)
- $102,692,364
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $98,292,310 | $95,398,328 | $109,950,304 | XML |
| 990 | December 2024 | $89,956,506 | $86,817,371 | $90,983,951 | XML |
| 990 | December 2023 | $77,785,069 | $72,956,547 | $63,076,775 | XML |
| 990 | December 2022 | $65,905,921 | $61,963,956 | $61,804,087 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 62-1820576).
Questions about OCOEE FOUNDATION INC
- What is the EIN of OCOEE FOUNDATION INC?
- The employer identification number (EIN) of OCOEE FOUNDATION INC is 62-1820576.
- Is OCOEE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to OCOEE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OCOEE 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 OCOEE FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OCOEE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OCOEE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names JOHN J SHEEHAN III.
- Who are the officers and directors of OCOEE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 13 received compensation from the organization, the highest $375,899 (JOHN SHEEHAN JR, PRESIDENT).
- How much revenue does OCOEE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $98,292,310, expenses of $95,398,328 and total assets of $109,950,304 at year end.
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