Oasis Institute
- Assets
- $683.8k
- Revenue
- $584.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Albuquerque, NM
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 32-0081580
Organization Overview
Oasis Institute is located in Albuquerque, NM. The organization was established in 2001. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Oasis Institute employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Oasis Institute 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 12/2022, Oasis Institute generated $584.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $712.9k during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE LIVES OF MATURE ADULTS THROUGH LIFELONG LEARNING AND SERVICE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - ALBUQUERQUE OASIS OFFERS COURSES AND PRESENTATIONS ACROSS A WIDE RANGE OF SUBJECTS, INCLUDING THE ARTS, SCIENCE, HUMANITIES, WELLNESS/HEALTH, MUSICAL PERFORMANCES, AND AS WELL AS HIKES AND WALKS. OASIS CURTAILED BUT DID NOT COMPLETELY ELIMINATE OFF-SITE OFFERINGS, MUSICAL PERFORMANCES, AND DAY TRIPS DUE TO THE CONTINUING EFFECTS OF THE COVID-19 PANDEMIC. EDUCATIONAL OFFERINGS CONTINUED TO BE PROVIDED THROUGH A VARIETY OF METHODS - ONLINE USING THE ZOOM PLATFORM, IN-PERSON, AND THROUGH A HYBRID MODEL (BOTH IN-PERSON AND ON ZOOM AT THE SAME TIME). ALBUQUERQUE OASIS SCHEDULES APPROXIMATELY 140 TO 170 EDIFYING TOPICS EACH TRIMESTER THAT ARE TAUGHT BY QUALIFIED ACADEMIC AND PROFESSIONAL INSTRUCTORS. (CONTINUED ON SCHEDULE O)IN 2022 AND 2021, ALBUQUERQUE OASIS OFFERED 471 AND 423 CLASSES AND ENROLLED 2,295 AND 1,983 UNIQUE PARTICIPANTS, RESPECTIVELY.
TECHNOLOGY LITERACY - ALBUQUERQUE OASIS PROVIDES A VARIETY OF TECHNOLOGY CLASSES FOR ITS PARTICIPANTS TO ASSIST OLDER ADULTS IMPROVE THEIR TECHNOLOGY LITERACY. THIS EVIDENCE-BASED CONNECTIONS CURRICULUM, DEVELOPED AND UPDATED ON AN ON-GOING BASIS BY THE OASIS INSTITUTE, INCLUDES TOPICS SUCH AS ANDROID AND IPHONE BASICS AND INTERMEDIATE PHONE SKILLS AND CYBERCRIME FIGHTERS, WHICH PROVIDES INFORMATION ON SCAMS, PHISHING AND PASSWORD PROTECTION.
VOLUNTEER SERVICE - ALBUQUERQUE OASIS WORKS WITH THE ALBUQUERQUE PUBLIC SCHOOL DISTRICT, BELEN CONSOLIDATED SCHOOLS, AND THE BERNALILLO PUBLIC SCHOOL DISTRICT TO OFFER THE OASIS INTERGENERATIONAL TUTORING PROGRAM. THIS PROGRAM TRAINS AND MATCHES VOLUNTEER TUTORS WITH PRIMARY GRADE CHILDREN (K-4) TO BUILD READING SKILLS, CONFIDENCE AND POSITIVE ATTITUDES TOWARD READING AND LEARNING. DURING THE 2021-2022 SCHOOL YEAR, TUTORING RETURNED TO IN-PERSON WITH 225 VOLUNTEERS TOTAL (BOTH RETURNING AND NEWLY TRAINED).IN 2022 AND 2021, 356 AND 360 VOLUNTEERS, RESPECTIVELY, SERVED THE ALBUQUERQUE COMMUNITY THROUGH ALBUQUERQUE OASIS.
HEALTH - ALBUQUERQUE OASIS FOCUSES ON INCREASING AWARENESS, KNOWLEDGE AND SKILLS FOR OLDER ADULTS TO ADDRESS THEIR INDIVIDUAL HEALTH AND WELLNESS NEEDS. THE CLASSES EMPHASIZE CURRENT RESEARCH ON AGING, FALLS PREVENTION, PHYSICAL ACTIVITIES AND EXERCISE, AS WELL AS OTHER HEALTH ISSUES FACING OLDER ADULTS. IN 2022, OASIS OFFERED A VARIETY OF EXERCISE CLASSES, MANY OF WHICH ARE EVIDENCE-BASED, BOTH IN PERSON AND THROUGH THE ZOOM ONLINE PLATFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Anderson Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Raskob Executive Director | Officer | 40 | $88,269 |
Lorna M Wiggins Chairman | OfficerTrustee | 1 | $0 |
Bret Heinrich Vice Chair | OfficerTrustee | 1 | $0 |
Anne Sapon Secretary | OfficerTrustee | 1 | $0 |
Chrissy Akes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $129,408 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,935 |
| Noncash contributions included in lines 1a–1f | $3,599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,343 |
| Total Program Service Revenue | $203,109 |
| Investment income | $8,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $584,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,332 |
| Compensation of current officers, directors, key employees. | $13,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,337 |
| Pension plan accruals and contributions | $2,882 |
| Other employee benefits | $27,824 |
| Payroll taxes | $25,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,449 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,616 |
| Advertising and promotion | $37 |
| Office expenses | $27,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,479 |
| Travel | $613 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $930 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,100 |
| Insurance | $4,787 |
| All other expenses | $29,314 |
| Total functional expenses | $712,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,775 |
| Savings and temporary cash investments | $30,976 |
| Pledges and grants receivable | $65,402 |
| Accounts receivable, net | $3,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,370 |
| Net Land, buildings, and equipment | $75,200 |
| Investments—publicly traded securities | $234,910 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,378 |
| Total assets | $683,761 |
| Accounts payable and accrued expenses | $72,595 |
| Grants payable | $0 |
| Deferred revenue | $35,300 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,308 |
| Total liabilities | $178,203 |
| Net assets without donor restrictions | $419,097 |
| Net assets with donor restrictions | $86,461 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $683,761 |