Oak Grove Foundation
- Assets
- $1.8m
- Revenue
- $67.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 41-1913047
Organization Overview
Oak Grove Foundation is located in Wayzata, MN. The organization was established in 1999. 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. Oak Grove 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 12/2022, Oak Grove Foundation generated $67.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (36.3%) each year. All expenses for the organization totaled $167.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Oak Grove Foundation has awarded 106 individual grants totaling $531,145. 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 |
|---|---|---|---|
Christine A Morrison President | 1 | $0 | |
John L Morrison Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,256 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,369 |
| Capital Gain Net Income | $2,369 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,625 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $291 |
| Total operating and administrative expenses | $44,926 |
| Contributions, gifts, grants paid | $122,395 |
| Total expenses and disbursements | $167,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672 |
| Savings and temporary cash investments | $49,235 |
| 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 | $1,788,254 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,838,161 |
| 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, Oak Grove Foundation has awarded $122,395 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
MINNEAPOLIS INSTITUTE OF ARTS PURPOSE: GENERAL OPERATING | $2,000 |
MINNESOTA PUBLIC RADIO PURPOSE: GENERAL OPERATING | $2,000 |
HARVARD BUSINESS SCHOOL PURPOSE: GENERAL OPERATING | $1,000 |
TWIN CITIES PUBLIC TELEVISION PURPOSE: GENERAL OPERATING | $2,000 |
PHILLIPS ACADEMY PURPOSE: GENERAL OPERATING | $39,895 |
MILKWEED EDITIONS PURPOSE: GENERAL OPERATING | $1,000 |