Oberg Foundation
- Assets
- $203.6k
- Revenue
- $5.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ephraim, UT
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-0509737
Organization Overview
Oberg Foundation is located in Ephraim, UT. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oberg Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Oberg Foundation generated $5.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $17.2k during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON OCT 12, 2021,OUR FOUNDATION HOSTED 450 HIGH SCHOOL STUDENTS(FFA) AND 20 COLLEGE STUDENTS, WHO USED OUR ARENA FOR 4 HOURS TOTALLING TO 1,880 HOURS DONATED TIME. WE HAVE HOSTED HAD A 4-H HORSEMANSHIP CLASSES IN 2021 AS WELL. WE ALSO HAVE ALLOWED MEMBERS OF THE COMMUNITY TO USE OUR FACILITIES AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Oberg Secretary | 0 | $0 | |
Craig Oberg Presdent | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,410 |
| Total Revenue | $5,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $12,653 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,303 |
| Total operating and administrative expenses | $17,181 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $17,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,299 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,973 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $197,359 |
| Other assets | $0 |
| Total assets | $203,631 |
| Accounts payable and accrued expenses | $10,295 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,295 |
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