Oarsmen Foundation
- Assets
- $30.8m
- Revenue
- $4.5m
- Investments
- $30.6m
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 33-0754362
Organization Overview
Oarsmen Foundation is located in Torrance, CA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Oarsmen 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, Oarsmen Foundation generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Oarsmen Foundation has awarded 665 individual grants totaling $10,654,171. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott D Schuler 2nd Vice President | 0 | $0 | |
Rosalie T Schuler 1st Vice President | 0 | $0 | |
George L Schuler Treasurer | 0 | $0 | |
John D Whitcombe Secretary | 0 | $0 | |
Kimberly S Whitcombe President | 0 | $0 | |
Brenda Husman Controller | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,525,970 |
| Interest on Savings | $9,309 |
| Dividends & Interest | $578,141 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,372,374 |
| Capital Gain Net Income | $2,372,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,989 |
| Total Revenue | $4,499,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,278 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $434,389 |
| Total operating and administrative expenses | $478,677 |
| Contributions, gifts, grants paid | $2,154,800 |
| Total expenses and disbursements | $2,633,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $892 |
| 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 | $180,177 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $298,693 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $38,535 |
| Total assets | $30,770,677 |
| 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 | $10 |
| Total liabilities | $10 |
Grants Awarded
Over the last fiscal year, Oarsmen Foundation has awarded $2,154,800 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
TORRANCE MEMORIAL HEALTH CARE FOUND PURPOSE: FUNDS FOR CHARITY | $101,000 |
ROLLING HILLS CONVENANT CHURCH PURPOSE: FUNDS FOR CHARITY | $100,000 |
OBRIA MEDICAL CLINICS PURPOSE: FUNDS FOR CHARITY | $50,000 |
MUSTARD SEED PURPOSE: FUNDS FOR CHARITY | $50,000 |
PROVIDENCE LITTE COMPANY OF MARY PURPOSE: FUNDS FOR CHARITY | $50,000 |
San Pedro, CA PURPOSE: FUNDS FOR CHARITY | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |