Oakley First National Foundation
- Assets
- $98.9k
- Revenue
- $109.8k
- Investments
- $13.0
- Employees
- 0
- Location
- Cookeville, TN
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 20-1443277
Organization Overview
Oakley First National Foundation is located in Cookeville, TN. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakley First National 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 12/2023, Oakley First National Foundation generated $109.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $280.2k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE UNDERPRIVILEDGED CHILDREN WITH SCHOLARSHIPS TO ALLOW THEM TO ATTEND COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendall Smith President Director | 0 | $0 | |
Tammie Sells Officer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $13 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$33,225 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43,040 |
| Total Revenue | $109,828 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,378 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,378 |
| Contributions, gifts, grants paid | $278,813 |
| Total expenses and disbursements | $280,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,882 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $98,895 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Oakley First National Foundation has awarded $278,813 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CUMBERLAND UNIVERSITY PURPOSE: EDUCATION | $241,250 |
TENNESSEE TECH UNIVERSITY PURPOSE: EDUCATION | $16,939 |
EAST TENNESSEE UNIVERSITY PURPOSE: EDUCATION | $15,624 |
MACI MASSA PURPOSE: EDUCATION | $5,000 |