Friends Of Oakland Foundation Inc
- Assets
- $2.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, NE
- Founding
- 07/1990
- Data as of
- 12/2022
- EIN
- 47-0711028
Organization Overview
Friends Of Oakland Foundation Inc is located in Oakland, NE. The organization was established in 1990. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Oakland Foundation Inc 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, Friends Of Oakland Foundation Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 70.1% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 53.3% 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.
Since 2016, Friends Of Oakland Foundation Inc has awarded 30 individual grants totaling $2,178,802. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMUNITY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONS WERE COLLECTED AND DISTRIBUTED FOR EDUCATIONAL SCHOLARSHIPS TO 2 OAKLAND-CRAIG AREA STUDENTS.
A CONTRIBUTION OF $1,603,841 WAS RECEIVED FROM A DECEDENT'S TRUST. PER THE DECEDENT'S REQUEST, THESE FUNDS WERE GRANTED TO THE NEWLY FORMED OAKLAND GOLF COURSE PRESERVATION FOUNDATION FOR THE PURPOSE OF RESTORATION AND PRESERVATION OF THE HISTORIC OAKLAND GOLF CLUB COURSE AND CLUBHOUSE, INCLUDING THE REPAYMENT OF ANY RESTORATION INDEBTEDNESS.
FUNDS WERE DISTRIBUTED TO OTHER NON PROFIT ENTITIES FOR VARIOUS COMMUNITY IMPROVEMENT PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Beckner President | Officer | $0 | |
Kiley Johnson Treasurer | Officer | $0 | |
Patricia Moderow Secretary | Officer | $0 | |
Jim Groth Director | Trustee | $0 | |
Aaron Arlt Vice-President | Officer | $0 | |
Ashley Johnson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,780 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,177,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,184,074 |
| Total Program Service Revenue | $0 |
| Investment income | $61,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,222,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,722,502 |
| Grants and other assistance to domestic individuals. | $19,796 |
| 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 | $375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,747 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,709 |
| Office expenses | $192 |
| 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 | $173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $535 |
| Insurance | $250 |
| All other expenses | $300 |
| Total functional expenses | $1,764,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,248 |
| Savings and temporary cash investments | $102,648 |
| 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 | $1,718 |
| Investments—publicly traded securities | $2,581,522 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,697,136 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,697,136 |
| Total liabilities and net assets/fund balances | $2,697,136 |
Grants Awarded
Over the last fiscal year, Friends Of Oakland Foundation Inc has awarded $1,711,596 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OAKLAND HEIGHTS NURSING HOME PURPOSE: Patio & paving | $26,500 |
CITY OF OAKLAND (BALL ASSN) PURPOSE: Bullpen project | $9,000 |
OAKLAND CEMETERY PURPOSE: Tree removal and replanting | $7,350 |
OAKLAND GOLF COURSE PRESERVATION FOUNDATION PURPOSE: Preservation of historic course & clubhouse | $1,605,645 |
OAKLAND CRAIG PUBLIC SCHOOLS PURPOSE: Football scoreboard, etc | $63,101 |