Obrate Foundation
- Assets
- $186.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Garden City, KS
- Founding
- 10/2013
- Data as of
- 12/2022
- EIN
- 46-1631934
Organization Overview
Obrate Foundation is located in Garden City, KS. The organization was established in 2013. 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. Obrate 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, Obrate Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $969.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Obrate Foundation has awarded 1,520 individual grants totaling $5,055,645. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: THE O'BRATE FOUNDATION INVITES YOUTHS WITH LIMITED RESOURCES STRIVING TO CONTINUE THEIR EDUCATIONAL CAREERS TO MAKE APPLICATION FOR FINANCIAL AID SO THEY MAY FURTHER THEIR EDUCATION/TECHNICAL TRAINING TO ATTAIN THEIR PERSONAL GOALS AND BECOME A SUCCESSFUL MEMBER OF SOCIETY.
IMMEDIATE NEEDS: THE O'BRATE FOUNDATION WILL CONSIDER, ON AN INDIVIDUAL BASIS, ADDRESSING URGENT OR CRISIS SITUATIONS FOR YOUTH (AGES 17-25) IN ORDER TO CREATE THE STABILITY OF LIVING IN A SAFE ENVIRONMENT AND CONTINUING THEIR EDUCATIONAL/CAREER GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecil O'brate Trustee | 10 | $0 | |
Jennifer O'brate Trustee | 2 | $0 | |
Mark O'brate Trustee | 2 | $0 | |
Thomas M Willis Trustee | 2 | $0 | |
Edward Condon Trustee | 5 | $0 | |
Steve O'brate Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,165,038 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,165,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $169,000 |
| Pension plans, employee benefits | $26,893 |
| Interest | $0 |
| Taxes | $12,287 |
| Depreciation | $1,837 |
| Occupancy | $10,187 |
| Travel, conferences, and meetings | $55,342 |
| Printing and publications | $0 |
| Other expenses | $40,201 |
| Total operating and administrative expenses | $317,247 |
| Contributions, gifts, grants paid | $652,638 |
| Total expenses and disbursements | $969,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,789 |
| 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 | $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 | $0 |
| Net Land, buildings, and equipment | $918 |
| Other assets | $0 |
| Total assets | $186,707 |
| Accounts payable and accrued expenses | $661 |
| 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 | $4,321 |
| Total liabilities | $4,982 |
Grants Awarded
Over the last fiscal year, Obrate Foundation has awarded $652,638 in support to 222 organizations.
| Grant Recipient | Amount |
|---|---|
KASSIE ADAMS PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,500 |
AB AMADOR PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $1,140 |
JOSE ALVIDREZ PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $350 |
ANTHONY ANAYA PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,500 |
JOSEPH ANDERSON PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $1,500 |
AHTZIRI ARANA-ALVARADO PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $702 |