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Filing year 2024

OCEAN INC

Toms River, New Jersey·EIN 22-1804345·501(c)(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 · Part VII & Schedule J · 5 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo (thru Sept 2024)
75th to 90th percentile
$211k
$228k
Base
$210k
Bonus
Other
Benefits
$421
Chief Financial Officer
Median to 75th percentile
$146k
$158k
VP of Human Resources
Board Vice President
Median to 75th percentile
$125k
$135k
VP of Children's Services
Board Vice President
25th percentile to median
$123k
$133k
President/ceo (sept 2024-present)
25th percentile to median
$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.

Pay for the position

Chief Executive Officer pay fell 5% from 2023 to 2024, while revenue fell 5%.

$221k in 2023 to $211k in 2024.
  • Chief Financial Officer pay rose 1% from 2023 to 2024.
  • Board Vice President pay fell 1% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about OCEAN INC

What does the Chief Executive Officer of OCEAN INC earn?

In 2024, the Chief Executive Officer of OCEAN INC received $210,652 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at OCEAN INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at OCEAN INC falls between the 75th and 90th percentiles.

What are OCEAN INC's revenue and expenses?

In 2024, OCEAN INC reported $15M in total revenue and $14.8M in total expenses on its IRS Form 990.

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