Blue Ocean Inc is a private foundation focused on International, Foreign Affairs & National Security, based in GERMANTOWN, MD. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $8.2M in total assets. In 2025, it awarded 13 grants totaling $353K. Net investment income was $2.9M.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$8.2M
+42.4% YoY
Annual Giving
$353K
+1.4% YoY
Grant Count
13
-27.8% YoY
Avg Grant Size
$27K
+40.4% YoY
Under IRS private-foundation payout rules, Blue Ocean Inc reported a distributable amount of $387K for 2025 — the minimum it must pay out in qualifying distributions.
About Blue Ocean Inc
Based on IRS filings
Blue Ocean Inc is a private foundation focused on International, Foreign Affairs & National Security, based in GERMANTOWN, MD. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $8.2M in total assets. In 2025, it awarded 13 grants totaling $353K. Net investment income was $2.9M.
Ready to take the next step with Blue Ocean Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $8,209,755 | $5,766,890 | $6,014,003 |
| Revenue | $2,916,709 | $174,003 | $125,624 |
| Expenses | $467,022 | $425,787 | $381,897 |
| Qualifying Distributions | $3,413,267 | $396,556 | $352,190 |
| Net Investment Income | $2,872,883 | $171,618 | $121,929 |
| Distributable Amount | $386,649 | $394,170 | $394,198 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Kyung Joon Lee ($80,000), Maru Culture Center ($55,000), University of the Nation Kona ($51,200).
| Recipient | Purpose | Amount |
|---|---|---|
| DONGAN CHURCH | SUPPORT BALI VOCATIONAL SCHOOL | $40,000 |
| DWELL CITY CHURCH BEL AIR, MD | SUPPORT YOUNG STUDENT EDU PROGRAM | $10,000 |
| GLOBAL MISSION CHURCH | SUPPORT REHABILITATION EDUCATION | $50,000 |
| GLOBAL MISSIONARY FELLOWSHIP | SUPPORT GLOBAL MISSIONARY FELLOWSHIP | $3,600 |
| GRACE HOME | SUPPORT GRACE HOME ORPHANAGE | $37,000 |
| KYUNG JOON LEE | SUPPORT CHILDREN EDUCATION PROGRAM | $80,000 |
| MARU CULTURE CENTER | SUPPORT FOR EMPOWERING WOMAN | $55,000 |
| SUMMERLIN COMMUNITY BAPTISH CHURCH LAS VEGAS, NV | SUPPORT CHILDREN EDUCATION | $10,000 |
| UNIVERSITY OF THE NATION KONA KAILUA KONA, HI | SCHOLARSHIPS FOR STUDENTS | $51,200 |
| YUMI CARES ELLICOTT CITY, MD | ART THERAPY TO PEDIATRIC PATIENTS | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KWAN HEE LEE | PRESIDENT | 5 | — |
| SEOUNG CHUL PARK | SECRETARY | 1 | — |
| HYUNG JOON KIM | TREASURER | 1 | — |
| HO JUNE LEE | EVP & STRATE | 2 | — |
| HEY RAN LEE | DIR OF ADMIN | 1 | — |
| HYUN JOO LEE | PUBLIC RELAT | 20 | — |
| MIYOUNG JU LEE | TRUSTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Blue Ocean Inc?
Blue Ocean Inc is a private foundation focused on International, Foreign Affairs & National Security, based in GERMANTOWN, MD. It holds $8.2M in total assets as of 2025.
How large is Blue Ocean Inc?
As of 2025, Blue Ocean Inc holds $8.2M in total assets with $2.9M in annual revenue. It awarded 13 grants totaling $353K in 2025.
Where does Blue Ocean Inc operate?
Blue Ocean Inc has awarded grants in Hawaii, Illinois, Indiana, Maryland, New Jersey, Nevada, Virginia.
What size grants does Blue Ocean Inc award?
In 2025, Blue Ocean Inc awarded 13 grants totaling $353K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is Blue Ocean Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Blue Ocean Inc reported a distributable amount of $387K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Blue Ocean Inc's EIN?
Blue Ocean Inc's EIN (Employer Identification Number) is 20-4360719. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Blue Ocean Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Abell Foundation Inc
BALTIMORE, MD
Assets
$296.4M
Grants
391
Total Given
$13.4M
Rotary Club of Columbia Patuxent
COLUMBIA, MD
Assets
$376K
Grants
1
Total Given
$12K
American Federation for Children Growth
COLUMBIA, MD
Assets
$9.4M
Grants
11
Total Given
$2.4M
Mayfield Scholastic Ltd
BALTIMORE, MD
Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Blue Ocean Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Blue Ocean Inc to a real strategy.