2020-11-12T09:12:02-06:00 2019-12-31 363990892 Capin Crouse LLP 1330 Avenue of the Americas Suite 23A New York NY 10019 990 2019-01-01 210738420 Ocean City Tabernacle Association OCEA 6093991915 550 Wesley Avenue Ocean City NJ 08226 Jay P Reimer President & CEO 6093991915 2020-11-12 1 Sara Tibbott P01486965 2126530681 139.146.132.42 2020-11-12 10:11:53 ES P 2868439BE3924EEDB757601C78AE42CAA5254E15 6B19E62F9F624E673629CEC0BF0AC1BF3D24BED1 2019 2021-01-29 14:40:06Z Jay P Reimer 550 Wesley Avenue Ocean City NJ 08226 2687615 0 X octabernacle.org X 1907 NJ A family ministry center where the Gospel of Jesus Christ is central. 10 10 57 65 0 0 679427 1458607 47213 122164 -343955 63035 -177077 5914 205608 1649720 13500 13764 0 0 451640 647768 0 0 70407 929679 886407 1394819 1547939 -1189211 101781 12172880 13295424 132707 62313 12040173 13233111 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 566247 122418 Summer worship services including children's church, Bible studies and nursery care during services. 458751 13764 2260 Youth ministries including operation of an after-school program with Bible studies, tutoring, and games and a Christ-centered pre-school program, as well as provision of accomodations for Christian youth retreats. -213497 Movie theater showing family-friendly films - discontinued during 2018. During 2019, the organization recognized a loss on disposal of the remaining unused and unsalable assets. 1024998 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 48 0 1 57 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 NJ X Jay P Reimer 6093991915 550 Wesley Avenue Ocean City NJ 08226 Jay P Reimer President & CEO 40.00 X 157744 0 40165 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 Midge Grunstra Secretary (part year) 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 100 0 0 Brian Roberts Trustee 0.50 X 0 0 0 157844 0 40165 1 0 1 0 0 1458607 3025 1458607 Program rental 532000 101338 101338 Childcare fees 624410 15964 15964 Events and concerts 711130 4862 4862 122164 226332 226332 2100 0 2100 2100 2100 874598 824398 213497 50200 -213497 -163297 -213497 50200 2260 0 2260 2260 Insurance proceeds 900099 1300 1300 254 254 1554 1649720 -88819 0 279932 X 13764 13764 198009 120825 45519 31665 450 450 391000 219183 167058 4759 58309 28688 27328 2293 40500 32400 6075 2025 3815 1315 2500 18534 18534 17587 17587 166021 158726 120 7175 55602 45154 2570 7878 37151 6668 28928 1555 13276 1598 9246 2432 139293 83708 55585 35169 31278 2120 1771 218101 198371 19730 42471 30234 11715 522 Supplies 40355 23150 15836 1369 Food & refreshments 25603 16241 2486 6876 Equipment & leases 19307 11312 7995 13622 1933 11602 87 1547939 1024998 452534 70407 100813 147584 882 1592 460 1655 22887 55932 8396193 3970538 4825001 4425655 7222837 8663006 12172880 13295424 54096 21902 39855 9294 6052 32704 31117 132707 62313 X 11007884 11619433 1032289 1613678 12040173 13233111 12172880 13295424 101781 1091157 0 X 0 1 X 1 0 X 1495588 879252 552437 679427 1458607 5065311 1495588 879252 552437 679427 1458607 5065311 905649 4159662 1242092 206742 247528 322439 228432 2247233 124367 130268 132039 -124125 1554 264103 7576647 171637 0.54900 0.48350 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous income - 2015 Amount: $ 124,367. 2016 Amount: $ 130,268. 2017 Amount: $ 132,039. 2018 Amount: $ -124,125. 2019 Amount: $ 1,554. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6480307 14438 1180506 406978 7268273 6641387 759223 -370775 549528 6480307 4961941 1839825 629621 790000 6641387 4965128 501387 266231 770805 4961941 4935058 849003 11644 830577 4965128 0.97050 0.02950 1 0 6637955 2295183 4342772 1758238 1675355 82883 4425655 Annuities payable 31117 31117 2723290 1091157 1091157 1632133 17587 17587 1649720 1530352 0 1530352 17587 17587 1547939 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 12/31/2019. 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 1 Scholarships 9 13764 Part I, Line 2: Checks are written directly to colleges or universities where scholarship receipients attend. No funds are given by the Tabernacle to recipients themselves. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Jay P Reimer President & CEO 126487 0 20000 0 11257 0 0 0 40165 0 197909 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. Jay P. Reimer, President & CEO, received gross-up payments for the reimbursement of moving expenses during the year, which were included in his taxable compensation. Part II, Line 1: Column B(i) - Base compensation: $95,091, Benefits stipend: $31,396 Column B(iii) - Moving expense reimbursement 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 A, line 3 The organization delegated certain management duties to A. Albert Administrative Services, LLC. Services performed include: supervising personnel, planning financial operations, and supervising exempt operations. Services were provided by A. Albert Administrative Services, LLC until August 30, 2019. 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 independent members of the Board of Trustees determine the President & CEO's compensation. Comparability data is used and the process is documented in the 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. Form 990, Part IX, line 11g Other professional services: Program service expenses 45,126. Management and general expenses 120. Fundraising expenses 175. Total expenses 45,421. Honoraria: Program service expenses 113,600. Management and general expenses 0. Fundraising expenses 7,000. Total expenses 120,600. 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, Ocean City Tabernacle discontinued the operations of Tabernacle Boardwalk Ministries (TBM) and it is currently inactive. For the year ended December 31, 2019, Ocean City Tabernacle recognized a loss on disposal of the remaining unused and unsalable TBM assets of $213,497. This loss is shown on Form 990, Part VIII, Line 7c(ii).