Oreg Foundation
- Assets
- $5.3m
- Revenue
- $258.2k
- Investments
- $505.3k
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 84-1513850
Organization Overview
Oreg Foundation is located in Boulder, CO. The organization was established in 1999. 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. Oreg 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, Oreg Foundation generated $258.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $389.5k during the year ending 12/2022. While expenses have increased by 26.6% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY CHARITABLE ACTIVITY OF THE FOUNDATION CENTERS AROUND ADMINISTERING GRANTS, REVIEWING GRANT APPLICATIONS, INTERVIEWING APPLICANTS, SELECTING GRANTEES AND REVIEWING REPORTS RELATING TO THE USE OF THE GRANT FUNDS. THEREFORE, 100% OF CHARITABLE EXPENSE FOR SALARIES AND BENEFITS, OCCUPANCY, CONFERENCES AND OFFICE EXPENSES ARE LISTED AS THE AMOUNT OF EXPENSE FOR THIS ACTIVITY. THIS AMOUNT CORRESPONDS TO PAGE 1, LINE 24D LESS EXPENSES DIRECTLY RELATED TO THE CHARITABLE RENTAL ACTIVITY.
THE FOUNDATION HAS LEASED A SUBSTANTIAL AMOUNT OF LAND AND BUILDINGS TO ANOTHER 501(C)(3) ORGANIZATION FOR ONLY $18 PER YEAR. THE FOUNDATION HAS RECEIVED A PROPERTY TAX EXEMPTION FOR THE REAL PROPERTY DUE TO THIS ACTIVITY. THE FOUNDATION NOW CONSIDERS THE LAND AND BUILDINGS TO BE CHARITABLE-USE ASSETS. THE ONLY DIRECT EXPENSES RELATED TO THIS RENTAL ACTIVITY ARE INSURANCE AND UTILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay A Weaver Jr Director /treas | 10 | $0 | |
Julie Shaffer Ex Dir & Sec'y | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/22 | $5,082 |
Nielsen & Company Pc Cpas & Consultants | 12/30/22 | $7,475 |
Jessie Rothman-church | 12/30/22 | $1,294 |
Jessie Rothman-church | 12/30/22 | $0 |
Ubs Business Services Account | 12/30/22 | $4,156 |
Nielsen & Company Pc Cpas & Consultants | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $251,322 |
| Interest on Savings | $2,547 |
| Dividends & Interest | $12,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,020 |
| Capital Gain Net Income | $225,526 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $258,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $131,342 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,660 |
| Interest | $0 |
| Taxes | $17,869 |
| Depreciation | $31,133 |
| Occupancy | $25,800 |
| Travel, conferences, and meetings | $595 |
| Printing and publications | $0 |
| Other expenses | $17,580 |
| Total operating and administrative expenses | $245,986 |
| Contributions, gifts, grants paid | $143,479 |
| Total expenses and disbursements | $389,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,456 |
| Savings and temporary cash investments | $188,822 |
| 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 | $8,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,568,389 |
| Other assets | $1,800 |
| Total assets | $5,283,729 |
| 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 |