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Blue Ocean Inc. is a private corporation based in GERMANTOWN, MD. The foundation received its IRS ruling in 2007. It holds total assets of $8.2M. Annual income is reported at $2.9M. BLUE OCEAN KOREA SOUTH KOREA - BLUE OCEAN IS HELPING SEVERAL ORGANIZATIONS IN KOREA. WE NEED TO OVERVIEW THE ACTIVITES OF THESE ORGANIZATION. BLUE OCEAN HIRED A MANAGER IN KOREA FOR THIS PURPOSES. According to available records, Blue Ocean Inc. has made 42 grants totaling $790K, with a median grant of $10K. Annual giving has grown from $225K in 2021 to $299K in 2023. Individual grants have ranged from $600 to $80K, with an average award of $19K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in Hawaii, Nevada, Maryland, which account for 29% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
BLUE OCEAN KOREA SOUTH KOREA - BLUE OCEAN IS HELPING SEVERAL ORGANIZATIONS IN KOREA. WE NEED TO OVERVIEW THE ACTIVITES OF THESE ORGANIZATION. BLUE OCEAN HIRED A MANAGER IN KOREA FOR THIS PURPOSES
Expenses: $60K
GRACE HOME ORPHANAGE THAILAND - SUPPORT CHIANGMAI GRACE HOME ORPHANAGE / REST & RESTORATION CENTER
Expenses: $33K
CHILDREN OF LIGHT TO SUPPORT HIV/AIDS PREVENTION EDUCATION PROGRAM IN CAMBODIA. ABOUT 1000 PEOPLE HAVE BEEN EDUCATED./ SUPPORT KINDERGARTEN FOR CHILDREN EDUCATION
Expenses: $33K
MARU CULTURE CENTER SUPPORT FOR EMPOWERING WOMEN IN POVERTY / COVID-19 RESPONSE PROJECT
Expenses: $30K
BLUE OCEAN KOREA SOUTH KOREA - BLUE OCEAN IS HELPING SEVERAL ORGANIZATIONS IN KOREA. WE NEED TO OVERVIEW THE ACTIVITES OF THESE ORGANIZATION. BLUE OCEAN HIRED A MANAGER IN KOREA FOR THIS PURPOSES. Based on available records, the foundation has funded 42 grants. Its grantmaking reaches organizations primarily in HI, NV, MD.
Blue Ocean Inc. has distributed a total of $790K across 42 grants. The median grant size is $10K, with an average of $19K. Individual grants have ranged from $600 to $80K.
Blue Ocean Inc. typically selects its grantees rather than accepting unsolicited proposals.
Blue Ocean Inc. is headquartered in GERMANTOWN, MD. While based in MD, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Hyun Joo Lee | PUBLIC RELAT | $11K | $0 | $11K |
| Seoung Chul Park | SECRETARY | $0 | $0 | $0 |
| Hyung Joon Kim | TREASURER | $0 | $0 | $0 |
| Kwan Hee Lee | PRESIDENT | $0 | $0 | $0 |
| Hey Ran Lee | DIR OF ADMIN | $0 | $0 | $0 |
Total Giving
$382K
Total Assets
$6M
Fair Market Value
$8M
Net Worth
$6M
Grants Paid
$299K
Contributions
$2K
Net Investment Income
$122K
Distribution Amount
$394K
Total: $0
Total Grants
42
Total Giving
$790K
Average Grant
$19K
Median Grant
$10K
Unique Recipients
18
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Grace HomeSUPPORT GRACE HOME ORPHANAGE | Handong | $36K | 2023 |
| Children Of LightSUPPORT FOR HIV PREVENTION EDUCATION | Phnom Penh | $17K | 2023 |
| Global Ministry NetworkSUPPORT | Seongnamsi | $80K | 2023 |
| University Of The Nation KonaSCHOLARSHIPS FOR STUDENTS | Kailua Kona, HI | $51K | 2023 |
| Maru Culture CenterSUPPORT FOR EMPOWERING WOMAN |
| Miyoung Ju Lee |
| TRUSTEE |
| $0 |
| $0 |
| $0 |
| Ho June Lee | EVP & STRATE | $0 | $0 | $0 |
| 2017 | 990PF | View |
| Rabat |
| $50K |
| 2023 |
| Dongan ChurchSUPPORT BALI VOCATIONAL SCHOOL | Seoul | $30K | 2023 |
| Dalat International SchoolSCHOLARSHIP | Pinang | $11K | 2023 |
| Summerlin Community Baptish ChurchCHILDREN EDUCATION | Las Vegas, NV | $10K | 2023 |
| Ywam B WSUPPORT | Potomac, MD | $6K | 2023 |
| Gil LeeSCHOLARSHIPS | Cliffside Park, NJ | $2K | 2023 |
| Liberty'S PromiseSUPPORT YOUNG IMMIGRANTS IN NEED | Alexandria, VA | $2K | 2023 |
| Joseph ChoeSCHOLARSHIPS | Chantilly, VA | $1K | 2023 |
| Goshen CollegeSCHOLARSHIPS | Goshen, IN | $1K | 2023 |
| Global Missionary FellowshipSUPPORT GLOBAL MISSIONARY FELLOWSHIP | Seoul | $1K | 2023 |
| Blue Ocean KoreaSUPPORT | Seongbukgu | $40K | 2022 |
| Yumi CaresSUPPORT | Potomac, MD | $4K | 2022 |
| Jun Min HeeSCHOLARSHIPS | Yonginsi | $2K | 2022 |
| Reyna ChoiSCHOLARSHIPS | Rockville, MD | $1K | 2021 |
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