2021-11-15T14:59:48-06:00 2020-12-31 363990892 Capin Crouse LLP 1330 Avenue of the Americas Suite 23A New York NY 10019 990 2020-01-01 210738420 Ocean City Tabernacle Association OCEA 6093991915 550 Wesley Avenue Ocean City NJ 08226 Jay P Reimer President & CEO 6093991915 2021-11-15 1 Jay Reimer 999009999 Sara Tibbott P01486965 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Jay P Reimer 550 Wesley Avenue Ocean City NJ 08226 4828410 0 X octabernacle.org X 1907 NJ A family ministry center where the Gospel of Jesus Christ is central. 11 11 53 30 0 0 1458607 631613 122164 69147 63035 852575 5914 15467 1649720 1568802 13764 17000 0 0 647768 665305 0 0 39904 886407 577214 1547939 1259519 101781 309283 13295424 13712051 62313 77672 13233111 13634379 X The mission of the Ocean City Tabernacle is to be a family ministry center where the Gospel of Jesus Christ is central. As the needs of area residents and visitors have grown, the Tabernacle has grown to meet them with meaningful family-focused programs (continued on Sch O) and uplifting, non-denominational worship services where everyone is made to feel welcome. The Tabernacle offers year-round concerts, programs for children ages 3 to 14, and other activities in addition to seasonal worship services. 0 0 473863 17000 71800 Youth ministries including operation of an after-school program with Bible studies, tutoring, games, a remote learning program for grades K-6 to accommodate NJ COVID-19 school attendance restrictions, and a Christ-centered pre-school program, as well as provision of accomodations for Christian youth retreats. 393595 Summer worship services including children's church, Bible studies and nursery care during services. 867458 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 33 0 1 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 FL X Jay P Reimer 6093991915 550 Wesley Avenue Ocean City NJ 08226 Virginia Weber Chair 1.00 X X 0 0 0 Ralph Schiavo Vice Chair 0.50 X X 0 0 0 Robert Hunter Treasurer 1.00 X X 0 0 0 Andrew Halliday Secretary 0.50 X X 0 0 0 Todd Chamberlain Trustee 0.50 X 0 0 0 John Mirenda Trustee 0.50 X 0 0 0 Mary Anne Kull Trustee 0.50 X 0 0 0 Joseph K Furst Trustee 0.50 X 0 0 0 Joseph DiPaolo Trustee 0.50 X 250 0 0 Brian Roberts Trustee 0.50 X 0 0 0 Laurel Sarian Trustee 0.50 X 0 0 0 Jay P Reimer President & CEO 40.00 X 156372 0 42922 156622 0 42922 1 0 1 0 0 108470 523143 7398 631613 Childcare fees 624410 60317 60317 Program rental 532000 8830 8830 69147 237825 237825 15175 5977 9198 9198 9198 3868381 3253631 614750 614750 614750 Insurance proceeds 900099 3616 3616 2653 2653 6269 1568802 71800 0 865389 17000 17000 199544 133777 45838 19929 1711 1711 407117 269782 133756 3579 56933 31704 23781 1448 2601 1501 1100 16120 16120 17965 17965 58800 58800 13999 10052 2668 1279 10131 1900 4083 4148 21611 3141 9638 8832 107663 72294 35369 7505 7385 120 209924 187228 22696 40148 28111 11614 423 Supplies 30565 19352 11193 20 Equipment & leases 20064 13286 6778 Food & refreshments 7552 5958 1534 60 12566 4476 7904 186 1259519 867458 352157 39904 147584 222376 1592 1204 1655 4420 55932 49606 8480455 4180462 4425655 4299993 8663006 9134452 13295424 13712051 21902 25663 9294 23837 31117 28172 62313 77672 X 11619433 12012846 1613678 1621533 13233111 13634379 13295424 13712051 309283 91985 0 X 0 1 X 1 0 X 879252 552437 679427 1458607 631613 4201336 879252 552437 679427 1458607 631613 4201336 493840 3707496 206742 247528 322439 228432 253000 1258141 130268 132039 -124125 1554 6269 146005 5605482 240784 0.66140 0.54900 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous income - 2016 Amount: $ 130,268. 2017 Amount: $ 132,039. 2018 Amount: $ -124,125. 2019 Amount: $ 254. 2020 Amount: $ 2,653. Insurance proceeds - 2019 Amount: $ 1,300. 2020 Amount: $ 3,616. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7268273 8392 739167 398587 7617245 6480307 14438 1180506 406978 7268273 6641387 759223 -370775 549528 6480307 4961941 1839825 629621 790000 6641387 4965128 501387 266231 770805 4961941 0.96758 0.03242 1 0 6658045 2470375 4187670 1822410 1710087 112323 4299993 Annuities payable 28172 28172 1648799 91985 5977 97962 1550837 17965 17965 1568802 1247531 5977 5977 1241554 17965 17965 1259519 Part V, Line 4: Donor-restricted endowment funds will be used in accordance with their intended purposes and donor stipulations. Board-designated endowment funds help support the preservation and maintenance of Tabernacle facilities and programs. Part V, lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 12/31/2020. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c. Line 2a - Without donor restrictions Line 2b - With donor restrictions Part XI, Line 2d - Other Adjustments: Rental expenses 5,977. Part XII, Line 2d - Other Adjustments: Rental expenses 5,977. 1 Scholarships 10 17000 Part I, Line 2: The Tabernacle's Dana Kull Memorial Scholarship Committee ('Scholarship Committee') meets annually to evaluate applications from students who are pursuing education leading to vocations in Christian service, in alignment with the mission of Ocean City Tabernacle. This education may be at the undergraduate, graduate or seminary level. Information about this scholarship opportunity is communicated to regional ministry preparation higher education institutions so that they may inform their students about it. The Scholarship Committee considers student applications, ministry references, financial need, curricula, and other pertinent criteria when awarding scholarships. Checks are written directly to colleges or universities where scholarship recipients attend. No funds are given by the Tabernacle to recipients themselves. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Jay P Reimer President & CEO 136372 0 20000 0 0 0 0 0 42922 0 199294 0 0 0 Part I, Line 1a Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. Jay P. Reimer, President & CEO, met the qualifications for and received a ministerial housing allowance during the tax year. Part II, Line 1: Column B(i) - Base compensation: $102,464, Benefits stipend: $33,908 Column D - Housing Allowance Form 990, Part VI, Section A, line 1 The Executive Committee is comprised of Board Chair, Vice Chair, Treasurer and Secretary. It has the authority on behalf of the governing body ("Board of Trustees") to review and, where necessary, resolve matters which arise between meetings of the Board of Trustees. Form 990, Part VI, Section A, line 2 Mary Anne Kull, Trustee, Robert Hunter, Trustee, and Todd Chamberlain, Trustee, have a business relationship. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990, excluding the contributors' names and addresses on Schedule B, is then provided to the Board of Trustees prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Board Chair and the President are responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15a The Compensation Committee, which is comprised of independent members of the Board of Trustees, recommends the President/CEO's compensation to the entire Board. The Committee uses comparability data. Upon approval by the Board, the President/CEO's written contract is updated. The process is documented in Board minutes. Form 990, Part VI, Section B, Line 15b: The organization does not compensate any other officers or key employees. Therefore, this line was answered "no" in accordance with the instructions. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Tabernacle Boardwalk Ministries LLC 550 Wesley Avenue Ocean City NJ 08226 461011045 Inactive NJ 0 0 Ocean City Tabernacle Association Form 990, Part I: During the year ended December 31, 2018, the Tabernacle discontinued the operations of Tabernacle Boardwalk Ministries (TBM).