Nonprofit · EIN 65-0443146
OCEAN REEF MEDICAL CENTER FOUNDATION INC
Tax-exempt · KEY LARGO, FL 33037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,300,605 | $7,080,761 | -$780,156 | $70,578,774 | $1,857,543 | $68,721,231 |
| June 30, 2024 | 990 | $9,178,149 | $5,059,392 | $4,118,757 | $67,201,301 | $1,486,676 | $65,714,625 |
| June 30, 2023 | 990 | $5,655,360 | $5,662,996 | -$7,636 | $61,718,257 | $2,193,553 | $59,524,704 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,635,064
- Membership dues
- $127,300
- Program service revenue
- $0
- Investment income
- $1,069,460
- Net gain from sales of assets
- -$146,424
- Net income from fundraising events
- $535,210
- Other revenue
- $596,081
Expenses
- Grants and similar amounts paid
- $5,570,495
- Other salaries and wages
- $95,601
- Salaries, compensation and benefits (total)
- $124,388
- Professional fundraising fees
- $0
- Legal fees
- $718
- Accounting fees
- $34,899
- Depreciation
- $881,237
- Program services (functional)
- $6,498,702
- Management and general (functional)
- $582,059
Balance sheet and other
- Total assets, start of year
- $67,201,301
- Total assets, end of year
- $70,578,774
- Total liabilities, end of year
- $1,857,543
- Net assets, end of year
- $68,721,231
- Land, buildings and equipment
- $20,415,058
- Publicly traded securities
- $47,587,452
- Net assets without donor restrictions
- $68,382,392
- Net assets with donor restrictions
- $338,839
- Gross receipts
- $13,816,595
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- FL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| WILLIAM KEITH YOUNG | CHIEF EXECUTIVE OFFICER Highest-paid employee | 20 | $0 | $218,273 |
| LORI YOUNG | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SUSAN MCCARTHY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTINA FISHER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM BRAMMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE JONES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOMINIC DI NAPOLI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE BERMAN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| ALEX TONARELLI | REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER COVINGTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ED KRAMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALEX ROGERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES SLATTERY | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JUAN PEREZ | REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| JOEL COOPERMAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT WARD | DIRECTOR Trustee or director | 2 | $0 |
| PATRICIA WOODMAN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| WILLIAM KEITH YOUNG | CHIEF EXECUTIVE OFFICER Highest-paid employee | 20 | $0 | $229,299 |
| ADELAIDE SKOGLUND | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| DAN HARDING | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTINA FISHER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| TIM BRAMMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE JONES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOM DAVIDSON | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| DOMINIC DI NAPOLI | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| MIKE BERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GRETCHEN FISH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOM MARTELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALEX TONARELLI | REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER COVINGTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ED KRAMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALEX ROGERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES SLATTERY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUAN PEREZ | REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| JOEL COOPERMAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL HEANEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM KEITH YOUNG | CHIEF EXECUTIVE OFFICER Highest-paid employee | 20 | $0 | $243,644 | $6,889 |
| ADELAIDE SKOGLUND | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DAN HARDING | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHRISTINA FISHER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TIM BRAMMER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MIKE JONES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TOM DAVIDSON | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DOMINIC DI NAPOLI | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MIKE BERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GRETCHEN FISH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TOM MARTELL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ALEX TONARELLI | REPRESENTATIVE Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTOPHER COVINGTON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ED KRAMER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ALEX ROGERS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JAMES SLATTERY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JUAN PEREZ | REPRESENTATIVE Trustee or director | 2 | $0 | $0 | $0 |
| JOEL COOPERMAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MICHAEL HEANEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50 BARRACUDA LN, KEY LARGO, FL 33037-3733
- In care of
- % GAIL ARNOLD
- Principal officer (990 for 2024)
- WILLIAM KEITH YOUNG, 50 BARRACUDA LANE, KEY LARGO, FL 33037
- Signed the 990
- WILLIAM KEITH YOUNG, CHIEF EXECUTIVE OFFICER
- Phone
- (305) 367-2600
- Website
- WWW.MCOR.ORG/FOUNDATION
- Return prepared by
- NICHOLS CAULEY ADVISORY GROUP LLC
Mission
TO SUPPORT CHARITABLE UNDERTAKING OF THE MEDIAL CENTER AT OCEAN REEF, INC. AND OTHER NON PROFIT ORGANIZATIONS.
Program accomplishments
- THE FOUNDATION SERVES AS A SUPPORTING ORGANIZATION TO BENEFIT THE MEDICAL CENTER AT OCEAN REEF, INC. AND OTHER NON PROFIT ORGANIZATIONS.Expenses $6,498,702 · grants $5,570,495
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 65-0443146
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $70,578,774
- Income (IRS master file)
- $13,816,595
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,300,605 | $7,080,761 | $70,578,774 | IRS |
| 990 | June 2024 | $9,178,149 | $5,059,392 | $67,201,301 | IRS |
| 990 | June 2023 | $5,655,360 | $5,662,996 | $61,718,257 | XML |
| 990 | June 2022 | $9,751,536 | $5,222,119 | $57,944,144 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 65-0443146).
Questions about OCEAN REEF MEDICAL CENTER FOUNDATION INC
- What is the EIN of OCEAN REEF MEDICAL CENTER FOUNDATION INC?
- The employer identification number (EIN) of OCEAN REEF MEDICAL CENTER FOUNDATION INC is 65-0443146.
- Is OCEAN REEF MEDICAL CENTER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to OCEAN REEF MEDICAL CENTER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does OCEAN REEF MEDICAL CENTER 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 OCEAN REEF MEDICAL CENTER FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OCEAN REEF MEDICAL CENTER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OCEAN REEF MEDICAL CENTER FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names WILLIAM KEITH YOUNG.
- Who are the officers and directors of OCEAN REEF MEDICAL CENTER FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does OCEAN REEF MEDICAL CENTER FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,300,605, expenses of $7,080,761 and total assets of $70,578,774 at year end.
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- OCEAN REEF CHAPEL FOUNDATION INC EIN 65-0486471 · last filed 990 for 2025
- FERRI FAMILY FOUNDATION EIN 46-4350290 · last filed 990-PF for 2024
- OCEAN REEF FOUNDATION INC EIN 65-0509255 · last filed 990 for 2025
- FUTCH FAMILY FOUNDATION EIN 41-2656307 · last filed 990-PF for 2025
- THE MEDICAL CENTER AT OCEAN REEF INC EIN 23-7438190 · last filed 990 for 2025
- ANGLERS CLUB MEMBERS ASSOCIATION INC & SUBSIDIARY EIN 59-2283167 · last filed 990 for 2025
- MARINE RESOURCES DEVELOPMENT FOUNDATION EIN 67-0258256 · last filed 990 for 2024