Verna S Oller Aquatic Trust
- Assets
- $4.1m
- Revenue
- $101.4k
- Investments
- $3.9m
- Employees
- 0
- Location
- Long Beach, WA
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 47-2262881
Organization Overview
Verna S Oller Aquatic Trust is located in Long Beach, WA. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Verna S Oller Aquatic Trust 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, Verna S Oller Aquatic Trust generated $101.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $208.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Verna S Oller Aquatic Trust has awarded 17 individual grants totaling $792,644. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,646 |
| Dividends & Interest | $118,979 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,198 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,427 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,421 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $34,956 |
| Contributions, gifts, grants paid | $173,871 |
| Total expenses and disbursements | $208,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,859 |
| 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 | $10,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,055,835 |
| 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, Verna S Oller Aquatic Trust has awarded $173,871 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
S PACIFIC COUNTY TECHNICAL RESCUE PURPOSE: PURCHASE EQUIPMENT FOR RESCUE OF SWIMMERS IN OCEAN. | $12,400 |
DUNES BIBLE CAMP PURPOSE: TO PAY FOR RESIDENTS OF THE SURROUNDING COMMUNITY TO SWIM FREE OF CHARGE. | $103,527 |
CITY OF ASTORIA - PARKS DEPT PURPOSE: TO ALLOW RESIDENTS OF THE SURROUNDING COMMUNITY TO SWIM FREE OF CHARGE. | $57,944 |