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Private Foundation · MD

Blue Ocean Inc

Germantown, MD  ·  EIN 204360719  ·  Website ↗  ·  990s on ProPublica ↗

Assets

$8.2M

Total Giving

$790K

Grants on File

42

Average Grant

$19K

Giving Radius

Where Blue Ocean Inc Has Given

AK — no grants on file AL — no grants on file AR — no grants on file AZ — no grants on file CA — no grants on file CO — no grants on file CT — no grants on file DC — no grants on file DE — no grants on file FL — no grants on file GA — no grants on file HI — $104K across 3 grants IA — no grants on file ID — no grants on file IL — no grants on file IN — $4K across 3 grants KS — no grants on file KY — no grants on file LA — no grants on file MA — no grants on file MD — $27K across 6 grants ME — no grants on file MI — no grants on file MN — no grants on file MO — no grants on file MS — no grants on file MT — no grants on file NC — no grants on file ND — no grants on file NE — no grants on file NH — no grants on file NJ — $4K across 2 grants NM — no grants on file NV — $30K across 3 grants NY — no grants on file OH — no grants on file OK — no grants on file OR — no grants on file PA — no grants on file RI — no grants on file SC — no grants on file SD — no grants on file TN — no grants on file TX — no grants on file UT — no grants on file VA — $3K across 2 grants VT — no grants on file WA — no grants on file WI — no grants on file WV — no grants on file WY — no grants on file
Historical grants to 9 recipients across 6 states. Top concentrations: KAILUA KONA ($104K, 3 grants), LAS VEGAS ($30K, 3 grants), POTOMAC ($26K, 5 grants), GOSHEN ($4K, 3 grants), CLIFFSIDE PARK ($4K, 2 grants). Plus international giving not shown on this map.

Section I

How to Apply

No application guidelines on file — check the foundation's website directly.

On Unsolicited Proposals no

Section IV

Recent Grants

Recipient Amount Year
Ywam B W $6K 2021
Goshen College $1K 2021
Blue Ocean Korea $60K 2021
Jun Min Hee $2K 2021
Reyna Choi $1K 2021
Maru Culture Center $30K 2021
Dongan Church $30K 2021
Yumi Cares $4K 2021
University of the Nation Kona $1K 2021
Summerlin Community Baptish Church $10K 2021
Grace Home $33K 2021
Global Missionary Fellowship $600 2021
Dalat International School $12K 2021
Children of Light $33K 2021
Global Missionary Fellowship $2K 2022
University of the Nation Kona $51K 2022
Global Ministry Network $40K 2022
Blue Ocean Korea $40K 2022
Grace Home $36K 2022
Maru Culture Center $30K 2022
Dongan Church $30K 2022
Dalat International School $11K 2022
Summerlin Community Baptish Church $10K 2022
Ywam B W $6K 2022
Yumi Cares $4K 2022

Page 1 of 2 · 42 total

Section V

Board of Directors

  • KWAN HEE LEE PRESIDENT
  • SEOUNG CHUL PARK SECRETARY
  • HYUNG JOON KIM TREASURER
  • HO JUNE LEE EVP & STRATE
  • HEY RAN LEE DIR OF ADMIN
  • HYUN JOO LEE PUBLIC RELAT
  • MIYOUNG JU LEE TRUSTEE
  • KWAN HEE LEE PRESIDENT
  • SEOUNG CHUL PARK SECRETARY
  • HYUNG JOON KIM TREASURER
  • HO JUNE LEE EVP & STRATE
  • HEY RAN LEE DIR OF ADMIN
  • HYUN JOO LEE PUBLIC RELAT
  • MIYOUNG JU LEE TRUSTEE
  • KWAN HEE LEE PRESIDENT
  • SEOUNG CHUL PARK SECRETARY
  • HYUNG JOON KIM TREASURER
  • HO JUNE LEE EVP & STRATE
  • HEY RAN LEE DIR OF ADMIN
  • HYUN JOO LEE PUBLIC RELAT
  • MIYOUNG JU LEE TRUSTEE

Section VI

Filing History

Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.

Year Total Assets Qualifying Distributions Total Revenue Total Expenses
2023 $6.0M $394K $126K $382K
2022 $6.3M $265K $13K $344K
2021 $6.6M $270K $10K $267K
2020 $6.9M $282K $65K $388K
2016 $1.5M — $1.3M $67K
2015 $246K — $77K $80K
2014 $249K — $338K $93K
2013 $5K — $118K $116K
2012 $3K — $101K $102K

Section VII

Foundations Like This One

Similar in focus area, location, and asset size. Worth researching as part of the same campaign.

Medserve Foundation Inc

Takoma Park · MD   Q300

$8.9M

Assets