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Form 990-PFTax year 2024EIN 20-4360719

Blue Ocean Inc

A private foundation in Germantown, MD. Its return for tax year 2024 lists 13 grants and $352,500 paid in grants.

See which foundations fund work like yours Matching by cause, place and grant size

Tax year 2024 (period ending Jun 30, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2024

    $352,500

    Grants listed
    13
    Assets, end of year
    $8,209,755

  • Tax year 2023

    $347,535

    Grants listed
    18
    Assets, end of year
    $5,766,890

  • Tax year 2022

    $299,490

    Grants listed
    14
    Assets, end of year
    $6,014,003

  • Tax year 2021

    $265,765

    Grants listed
    14
    Assets, end of year
    $6,255,715

  • Tax year 2020

    $224,550

    Grants listed
    14
    Assets, end of year
    $6,586,779

  • Tax year 2018

    $352,128

    Grants listed
    16
    Assets, end of year
    $7,176,370

  • Tax year 2017

    $199,934

    Grants listed
    13
    Assets, end of year
    $7,502,220

Grants paid in 2024

13 grants, largest first

As listed on the return.

  1. Kyung Joon LeeBuyukcekm, Turkey

    Support children education program

    $80,000
  2. Maru Culture CenterRabat, Morocco

    Support for empowering woman

    $55,000
  3. University of the Nation KonaKailua Kona, HI

    Scholarships for students

    $51,200
  4. Global Mission ChurchSeongnamsi, South Korea

    Support rehabilitation education

    $50,000
  5. Dongan ChurchSeoul, South Korea

    Support bali vocational school

    $40,000
  6. Grace HomeHandong, Thailand

    Support grace home orphanage

    $37,000
  7. Dwell City ChurchBel Air, MD

    Support young student edu program

    $10,000
  8. Summerlin Community Baptish ChurchLas Vegas, NV

    Support children education

    $10,000
  9. Ywam B WGermantown, MD

    Support

    $6,000
  10. Yangrim Presbyterian ChurchGwangju, South Korea

    Support

    $4,500
  11. Yumi CaresEllicott City, MD

    Art therapy to pediatric patients

    $4,000
  12. Global Missionary FellowshipSeoul, South Korea

    Support global missionary fellowship

    $3,600
  13. Wheaton CollegeWheaton, IL

    Scholarships

    $1,200

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education1 grant $1,200100% of the total

By State

Grants to organizations with a US address, latest year.

  1. Hawaii1 grant $51,200
  2. Maryland3 grants $20,000
  3. Nevada1 grant $10,000
  4. Illinois1 grant $1,200

Officers, directors and trustees

7 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Kwan Hee LeePRESIDENT Hours 5Pay $0
  • Seoung Chul ParkSECRETARY Hours 1Pay $0
  • Hyung Joon KimTREASURER Hours 1Pay $0
  • Ho June LeeEVP & STRATE Hours 2Pay $0
  • Hey Ran LeeDIR OF ADMIN Hours 1Pay $0
  • Hyun Joo LeePUBLIC RELAT Hours 20Pay $0
  • Miyoung Ju LeeTRUSTEE Hours 2Pay $0

The return

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