Oscar Mike Foundation
- Assets
- $1.1m
- Revenue
- $682.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Poplar Grove, IL
- Founding
- 10/2018
- Data as of
- 12/2020
- EIN
- 45-3819657
Organization Overview
Oscar Mike Foundation is located in Poplar Grove, IL. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2020, Oscar Mike Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oscar Mike 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 12/2020, Oscar Mike Foundation generated $682.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $396.9k during the year ending 12/2020. While expenses have increased by 20.4% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION FOR VETERANS AND TO BENEFIT VETERANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIRPORT PROGRAM EXPENSE
RUGBY PROGRAM EXPENSE
SKYDIVE PROGRAM EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Larson Secretary | Officer | 1 | $0 |
Noah Currier President | Officer | 40 | $0 |
Mark Currier Treasurer | 40 | $0 | |
Tim Waterman Chairman | 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 | $682,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $682,592 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,483 |
| 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 | $5,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $149 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,575 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,316 |
| Information technology | $0 |
| Royalties | $99 |
| Occupancy | $86,011 |
| Travel | $36,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,201 |
| Interest | $15,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,448 |
| Insurance | $30,155 |
| All other expenses | $178,270 |
| Total functional expenses | $396,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,238 |
| Savings and temporary cash investments | $11,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,491 |
| 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 | $787,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,106,762 |
| 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 | $284,454 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $284,454 |
| Net assets without donor restrictions | $822,308 |
| 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 | $1,106,762 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Oscar Mike Foundation has recieved totaling $320,662.
| Awarding Organization | Amount |
|---|---|
Foglia Family Foundation Chicago, IL PURPOSE: GENERAL CHARITABLE PURPOSES | $150,000 |
Car Donation Foundation St Louis Park, MN PURPOSE: GENERAL SUPPORT | $130,441 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $21,136 |
National Society Of The Children Of The American Revolution Washington, DC PURPOSE: National Project Donation | $18,660 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |