Oberto Foundation
- Assets
- $786.0
- Revenue
- $12.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Northfield, MN
- Founding
- 08/2014
- Data as of
- 12/2018
- EIN
- 32-0394122
Organization Overview
Oberto Foundation is located in Northfield, MN. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations.
For the year ending 12/2018, Oberto Foundation generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $12.4k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Oberto President/secretary/treasu | 1 | $0 | |
Lori Oberto Director | 1 | $0 | |
Lauren Oberto Director | 1 | $0 | |
Allison Oberto Director | 1 | $0 | |
Emily Oberto Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,000 |
| 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 | $0 |
| Total Revenue | $12,000 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $3,107 |
| Contributions, gifts, grants paid | $9,250 |
| Total expenses and disbursements | $12,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87 |
| Savings and temporary cash investments | $699 |
| 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 | $786 |
| 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, Oberto Foundation has awarded $9,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EPIC ENTERPRISES PURPOSE: PROGRAM SUPPORT | $5,000 |
HEALTHY COMMUNITY INITIATIVE PURPOSE: PROGRAM SUPPORT | $250 |
PROJECT FRIENDSHIP PURPOSE: PROGRAM SUPPORT | $4,000 |