Okane Family Foundation Inc
- Assets
- $4.9m
- Revenue
- $858.3k
- Investments
- $4.4m
- Employees
- 0
- Location
- Great Falls, VA
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-2632761
Organization Overview
Okane Family Foundation Inc is located in Great Falls, VA. The organization was established in 2019. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Okane Family 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, Okane Family Foundation Inc generated $858.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $238.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Okane Family Foundation Inc has awarded 30 individual grants totaling $544,900. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy O'kane President | 0 | $0 | |
Michael O'kane Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,057,877 |
| Interest on Savings | $22,383 |
| Dividends & Interest | $74,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,284 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$269,504 |
| Total Revenue | $858,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $463 |
| Taxes | $74 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,149 |
| Total operating and administrative expenses | $37,490 |
| Contributions, gifts, grants paid | $200,900 |
| Total expenses and disbursements | $238,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,242 |
| 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 | $2,134,266 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,917,371 |
| 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, Okane Family Foundation Inc has awarded $200,900 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN F KENNEDY CENTER PURPOSE: PRODUCER CIRCLE MBRSHP | $10,000 |
KAKENYA'S DREAM PURPOSE: GENERAL PURPOSE | $30,000 |
MINDS INCORPORATED PURPOSE: GENERAL PURPOSE | $10,000 |
FLINT HILL SCHOOL ANNUAL FUND PURPOSE: GENERAL PURPOSE | $10,000 |
ANACORTES FAMILY CENTER PURPOSE: GENERAL PURPOSE | $10,000 |
LANGLEY SCHOOL CAPITAL CAMPAIGN PURPOSE: GENERAL PURPOSE | $100,000 |