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Filing year 2024

OCEAN INC

Toms River, New Jersey·EIN 22-1804345·3
Total revenue
$15M
Total assets
$24M
Total expenses
$14.8M
Reported officers
14
Mission

ADMINISTRATION OF FEDERAL HEAD START PROGRAM, WEATHERIZATION PROGRAMS, RENTAL ASSISTANCE PROGRAMS AND OTHER ASSISTANCE TO LOW INCOME FAMILIES.

Executive compensation, broken down

Form 990 · Schedule J · 5 reported individuals · Filing year 2024

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
President/ceo (thru Sept 2024)
$211k
$228k
Chief Financial Officer
$146k
$158k
VP of Human Resources
vice president
$125k
$135k
VP of Children's Services
vice president
$123k
$133k
President/ceo (sept 2024-present)
$51k
$55k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Down 5%
from 2023

From $221k in 2023 to $211k in 2024.

$221k
2023
$211k
2024
In today's dollarsEst.
Down 8% in real terms$248k to $228k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

OCEAN INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$15.8M
$14M
2023
$15M
$14.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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