Oglebay Park-Oglebay Institute Trust
- Assets
- $7.2m
- Revenue
- $2.4m
- Investments
- $2.8m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 02/1978
- Data as of
- 12/2021
- EIN
- 34-1229414
Organization Overview
Oglebay Park-Oglebay Institute Trust is located in Brooklyn, OH. The organization was established in 1978. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oglebay Park-Oglebay Institute Trust 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, Oglebay Park-Oglebay Institute Trust generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.8% each year . All expenses for the organization totaled $304.1k 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS ARE MADE ACCORDING TO TRUST AGREEMENT DATED JULY 28, 1977.KEYBANK, AS TRUSTEE MAKES DISTRIBUTIONS AS FOLLOWS 100% TO THEOGLEBAY FOUNDATION FOR THE PRESERVATION AND MAINTENANCE ANDENHANCEMENT OF THE MANSION MUSEUM AT OGLEBAY PARK AND THE SUPPORTOF THE CULTURAL ACTIVITIES AND OUTDOOR NATURE AND RECREATION PROGRAMSOF OGLEBAY INSTITUTE AT OGLEBAY PARK. KEYBANK MAINTAINS ARESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF THE OF THE OGLEBAYFOUNDATION IN THE ATTAINMENT OF ITS MISSION.PLEASE NOTE THE RECIPIENT ORGANIZATION HAS THE RIGHT TO REMOVE THETRUSTEE AND TO AUTHORITY TO DIRECT OR APPROVE INVESTMENTS ANDTHE TRUSTEE HAS THE AUTHORITY TO AMEND THE DOCUMENT TO INSURE THECONTINUATION TO QUALIFY AS 509A3. KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO OGLEBAY FOUNDATION FOR PRESERVATION MAINTENANCE AND ENHANCEMENT OF THE MANSION AND MUSEUM, SUPPORT OF THE CUTURAL ACTIVITIES AND OUTDOOR NATURE AND RECREATION PROGRAMS OF OGLEBAY INSTITUTE AT OGLEBAY PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Trustee | 2 | $68,333 | |
Deborah Z Read Co-Trustee | Trustee | 2 | $48,000 |
Malvin E Bank Co-Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $140,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,210,992 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,351,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $156,000 |
| 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. | $116,334 |
| Compensation of current officers, directors, key employees. | $116,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,297 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,994 |
| Total functional expenses | $304,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $325,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,080,413 |
| Investments—other securities | $2,758,429 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,621 |
| Total assets | $7,176,575 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,176,575 |
| 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 | $7,176,575 |
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