Ocoee Foundation Inc
94% goes to programs $0 to raise $100 Strong reserves Growing revenue
Ocoee Foundation Inc is a 501(c)(3) organization based in Cleveland, Tennessee, registered in 2000, with $77,785,069 in FY2023 revenue. CharityIndex grades it A, and it directs about 94% of spending to programs.
3555 Keith St Nw Ste 101, Cleveland, TN, 37312 EIN 62-1820576 Since 2000
Revenue (FY2023)
$77.8M
▲ 18.0% vs prior year
Health median: $840K
Expenses (FY2023)
$73.0M
Net assets
$40.2M
Employees
1,475
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating94% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ocoee Foundation Inc: 94% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ocoee Foundation Inc: 7 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ocoee Foundation Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ocoee Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To establish, develop, own, maintain and operate hospitals, nursing homes, adult day care facilities, residential assisted living facilities, related health care facilities, and other residential facilities designed to meet the housing, health, personal needs and financial security needs of elderly, disabled, poor, and other special populations (the facilities). through these facilities, the organization may also provide health care services. all facilities are owned and operated on a non-profit basis. as funds allow, and upon the approval of the board of directors, the organization will make contributions to other organizations exempt from income taxation under section 501(c)(3) of the internal revenue code.
Contact & location
- Address
- 3555 Keith St Nw Ste 101, Cleveland, TN, 37312
- City
- Cleveland
- State
- Tennessee
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $18.9M (FY2013) to $77.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $22.9MNet assets $40.2M
Operating margin
6.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$63.1M
Total liabilities
$22.9M
Net assets
$40.2M
Salaries & benefits
$38.7M
53% of expenses
Board members
8
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $77,785,069▲18.0% | $72,956,547▲17.7% | $40,196,642▲12.0% | $63,076,775▲2.1% | 990 |
| 2022 | $65,905,921▲14.4% | $61,963,956▲19.6% | $35,898,754▲18.1% | $61,804,087▲10.2% | 990 |
| 2021 | $57,610,258▲1.0% | $51,794,384▲7.5% | $30,398,383▲29.7% | $56,071,900▲5.1% | 990 |
| 2020 | $57,019,799▲34.2% | $48,159,693▲16.8% | $23,438,130▲43.4% | $53,372,694▲24.0% | 990 |
| 2019 | $42,476,219▲37.7% | $41,238,116▲37.9% | $16,344,271▲8.2% | $43,058,580▲37.8% | 990 |
| 2018 | $30,840,223▼0.2% | $29,915,010▲0.3% | $15,106,168▲6.5% | $31,246,592▼3.7% | 990 |
| 2017 | $30,897,639▲4.0% | $29,813,205▲5.2% | $14,180,955▲8.3% | $32,451,216▼2.5% | 990 |
| 2016 | $29,709,030▲18.5% | $28,333,657▲17.9% | $13,096,521▲10.3% | $33,279,380▲8.3% | 990 |
| 2015 | $25,075,495▲26.0% | $24,039,460▲28.9% | $11,878,712▲9.6% | $30,738,546▲53.6% | 990 |
| 2014 | $19,899,965▲5.3% | $18,643,163▲3.2% | $10,842,677▲13.1% | $20,006,232▼1.0% | 990 |
| 2013 | $18,890,489 | $18,062,226▲5.8% | $9,585,875▲14.5% | $20,218,295▲18.1% | 990 |
| 2012 | — | $17,064,960▲2.1% | $8,374,834▲13.7% | $17,124,067▲4.5% | 990 |
| 2011 | — | $16,720,254▲6.9% | $7,368,673▲34.2% | $16,380,978▲7.3% | 990 |
| 2010 | — | $15,643,280 | $5,490,586 | $15,266,222 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: John Sheehan Jr — $260,336 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John Sheehan Jr | President | 40 | $260,336 |
| John J Sheehan III | Vice President | 35 | $121,006 |
| Margaret P Sheehan | Treasurer | 35 | $63,712 |
| Wiliam S Burton | Director | 3 | $30,000 |
| Alan Smith | Director | 2 | $27,500 |
| Donald Bradley | Director | 2 | $25,962 |
| Kathleen Kupchynsky | Director | 2 | $22,660 |
| Dorothy Phillips | Director | 2 | $20,208 |
| Josh Cannon | Administator | 1 | — |
| Melissa Hansen | Administator | 1 | — |
| Michael Maxwell | Administator | 1 | — |
| Trudy Erickson | Administator | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Twin Rivers Health & Rehabilitation | Facility Mgmt | $3,838,389 |
| Shiftkey LLC | Nursing | $1,979,947 |
| Functional Pathways of Tn | Therapy | $1,589,676 |
| Gentech Construction | Construction | $872,829 |
| Guardian Pharmacy of Knoxville LLC | Pharmacy | $764,205 |
Grants received · $250K total
1 grant to Ocoee Foundation Inc totaling $250K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Adventist Health System Georgia Inc | General support | 2021 | $250,320 |
Grants made · $10K in FY2023
1 grant totaling $10K in FY2023. All grants made by Ocoee Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Broad Street Unity Center | Donation | $10,000 |
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Frequently asked questions
- Is Ocoee Foundation Inc a legitimate nonprofit?
- Yes. Ocoee Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-1820576, based in Cleveland, Tennessee. Donations are tax-deductible.
- What is Ocoee Foundation Inc's EIN?
- Ocoee Foundation Inc's Employer Identification Number (EIN) is 62-1820576.
- How much revenue does Ocoee Foundation Inc report?
- Ocoee Foundation Inc reported $77,785,069 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ocoee Foundation Inc's spending goes to programs?
- Ocoee Foundation Inc spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ocoee Foundation Inc have?
- CharityIndex grades Ocoee Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Ocoee Foundation Inc's highest-paid employee make?
- The highest reported compensation on Ocoee Foundation Inc's latest Form 990 is $260,336, paid to John Sheehan Jr (President).
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Data for Ocoee Foundation Inc (EIN 62-1820576) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.