Orion Fund
- Assets
- $111.7k
- Revenue
- $78.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Piedmont, CA
- Founding
- 06/2006
- Data as of
- 06/2022
- EIN
- 42-6651461
Organization Overview
Orion Fund is located in Piedmont, CA. The organization was established in 2006. 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. Orion Fund 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 06/2022, Orion Fund generated $78.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $66.4k during the year ending 06/2022. 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 AID COLLEGE STUDENTS LIVING WITH SERIOUS ILLNESS AND INJURY, SO THAT THEY MAY CONTINUE WORKING TOWARD THEIR EDUCATIONAL GOALS. EACH YEAR WE PROVIDE GRANTS FOR UNCOVERED MEDICAL COSTS, MEDICAL TECHNOLOGY, EDUCATIONAL COSTS AND LIVING EXPENSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE FISCAL YEAR ENDED JUNE 30, 2022, THE ORION FUND PROVIDED 35 STUDENT'S GRANTS IN RESPONSE TO APPLICATIONS FROM OVER 50 COLLEGE CAMPUSES IN CALIFORNIA. THE GRANTS RANGED FROM $500 TO OVER $5,000 PER STUDENT AND TOTALED $59,954
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Charnaux Treasurer | Officer | 3 | $0 |
Shelley Tarnoff President | Officer | 3 | $0 |
Pam Hirtzer Secretary | Officer | 5 | $0 |
Cynthia Chin-Perez Director | Trustee | 3 | $0 |
Ron Horn Director | Trustee | 3 | $0 |
Molly Clark Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,823 |
| Noncash contributions included in lines 1a–1f | $300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,823 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,843 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $59,954 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,804 |
| Advertising and promotion | $0 |
| Office expenses | $635 |
| 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 | $0 |
| Total functional expenses | $66,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,618 |
| Savings and temporary cash investments | $25,130 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $111,748 |
| 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 | $111,748 |
| Net assets with donor restrictions | $0 |
| 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 | $111,748 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Orion Fund has recieved totaling $27,500.
| Awarding Organization | Amount |
|---|---|
Priem Family Foundation Burlingame, CA PURPOSE: EDUCATIONAL | $25,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $1,500 |
Frey Family Foundation West Hartford, CT PURPOSE: GRANTS FOR STUDENTS | $500 |
Frey Family Foundation West Hartford, CT PURPOSE: GRANTS FOR STUDENTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |