2019-11-14T14:36:47-06:00 2018-12-31 363990892 Capin Crouse LLP 1330 Avenue of the Americas Suite 23A New York NY 10019 990 2018-01-01 210738420 Ocean City Tabernacle Association OCEA 6093991915 550 Wesley Avenue Ocean City NJ 08226 Jay P Reimer President & CEO 6093991915 2019-11-14 1 Ted R Batson Jr P00721951 2126530681 139.146.132.42 2019-11-14 15:36:40 ES P 350FE1E716C3D49CF7DCFFC9F13DBC0748B74324 47A8B5D258E36FD6639F0612DC2CB1C95DD203CE 2018 2020-03-31 21:24:44Z Jay P Reimer 550 Wesley Avenue Ocean City NJ 08226 2269453 0 X octabernacle.org X 1907 NJ A family ministry center where the Gospel of Jesus Christ is central. 10 9 40 40 0 0 581713 679427 102763 47213 247528 -343955 2250 -177077 934254 205608 0 13500 0 0 595493 451640 0 0 97223 1217528 929679 1813021 1394819 -878767 -1189211 14013341 12172880 160360 132707 13852981 12040173 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, pre-school and after-school programs and other activities in addition to seasonal worship services. 0 1 501688 22261 Summer worship services including children's church, Bible studies and nursery care during services. 304168 13500 -23117 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. -700443 Movie theater showing family-friendly films - discontinued during 2018. 805856 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 54 0 1 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 1 1 0 0 0 0 0 1 1 0 0 1 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 1.00 X X 62891 0 7615 Virginia Weber Chair 14.00 1.00 X X 0 0 0 Ralph Schiavo Trustee/Vice Chair 1.00 X X 0 0 0 John Shirk Vice Chair (part year) 1.00 X X 0 0 0 Robert Hunter Treasurer 4.00 1.00 X X 0 0 0 Midge Grunstra Secretary 2.00 X X 0 0 0 Andrew Halliday Trustee 1.00 X 0 0 0 Todd Chamberlain Trustee 1.00 X 0 0 0 John Mirenda Trustee 1.00 X 0 0 0 Mary Anne Kull Trustee 1.00 X 0 0 0 Joseph K Furst Trustee 1.00 X 0 0 0 62891 0 7615 0 0 0 0 0 679427 679427 Tuition 611600 28410 28410 Events and concerts 711130 18803 18803 47213 222558 222558 99881 152833 -52952 -52952 -52952 571227 773272 566305 1344707 4922 -571435 -566513 -571435 4922 Discontinued operation 711110 -129988 -129988 5863 5863 -124125 205608 -701299 0 227480 13500 13500 70506 33137 21152 16217 340977 189698 149712 1567 40157 19146 19794 1217 45000 36000 6000 3000 35486 461 35025 11750 11750 16751 16751 80973 59111 13722 8140 88498 42850 12316 33332 44829 2900 40750 1179 10437 1522 5135 3780 164957 83667 81290 1085 1085 186771 158627 1180 26964 149227 132033 17194 16371 4795 11221 355 Supplies 22973 22806 95 72 Furniture & fixtures 6929 3499 3430 47642 1019 45223 1400 1394819 805856 491740 97223 X 91287 100813 947 882 30 460 62580 22887 8715156 3890155 6411709 4825001 7446788 7222837 14013341 12172880 50201 54096 56050 39855 16427 6052 37682 32704 160360 132707 X 12837250 11007884 1015731 1032289 13852981 12040173 14013341 12172880 -1189211 -623597 0 X X 0 1 X 1 0 X 788900 1495588 879252 552437 679427 4395604 788900 1495588 879252 552437 679427 4395604 723182 3672422 792749 1242092 206742 247528 322439 2811550 125747 124367 130268 132039 -124125 388296 7595450 47213 0.48350 0.62120 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous income - 2014 Amount: $ 125,747. 2015 Amount: $ 124,367. 2016 Amount: $ 130,268. 2017 Amount: $ 132,039. 2018 Amount: $ -124,125. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6641387 759223 -370775 549528 6480307 4961941 1839825 629621 790000 6641387 4965128 501387 266231 770805 4961941 4935058 849003 11644 830577 4965128 7828022 200831 397294 3491089 4935058 0.97150 0.02620 0.00230 1 0 6605704 2121948 4483756 2109452 1768207 341245 4825001 Annuities payable 32704 32704 -281907 -623597 152833 -470764 188857 16751 16751 205608 1530901 152833 152833 1378068 16751 16751 1394819 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 12/31/2018. 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 (original gift amount) Line 2c - With donor restrictions (accumulated earnings) Part XI, Line 2d - Other Adjustments: Rental expenses 152,833. Part XII, Line 2d - Other Adjustments: Rental expenses 152,833. 1 Scholarships 7 13500 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. Form 990, Part III, line 3 During the year ended December 31, 2018, Ocean City Tabernacle discontinued the operations of Tabernacle Boardwalk Ministries, which operated a movie theater showing family-friendly films. 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. 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 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 is 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 X, Lines 27-29: 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 12/31/2018. 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, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $11,007,884 Line 29 - Net assets with donor restrictions $ 1,032,289 Total net assets $12,040,173 Form 990, Part XII, Line 2c: The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Tabernacle Boardwalk Ministries LLC 550 Wesley Avenue Ocean City NJ 08226 461011045 Live entertainment, quality cinema, & music (discontinued during 2018) NJ 1780 213500 Ocean City Tabernacle Association Form 990, Schedule R, 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. As a result, the net change in net assets from TBM are shown as Discontinued Operations on Part VIII, Ln 11a. For the year ended December 31, 2018, a loss on sale of TBM property and equipment of $572,235 and program expenses of $129,988 were included in net results from discontinued operations.