Oath Foundation Inc (fka Aol Charitable Foundation)
- Assets
- $628.6k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2012
- Data as of
- 12/2017
- EIN
- 90-0752029
Organization Overview
Oath Foundation Inc (fka Aol Charitable Foundation) is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (W24) the organization is classified as: Citizen Participation, under the broad grouping of Public & Societal Benefit and related organizations.
For the year ending 12/2017, Oath Foundation Inc (fka Aol Charitable Foundation) generated $1.0m in total revenue. All expenses for the organization totaled $799.7k during the year ending 12/2017. While expenses have increased by 70.5% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Link President | 40 | $0 | |
Donald D'anna Jr Vice President, Tax & Trea | 2 | $0 | |
Julie Jacobs Vice President & Secretary | 2 | $0 | |
Michael Howson Assistant Secretary | 1.5 | $0 | |
Allie Kline Chair | 2 | $0 | |
Sarah Crennan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $1,198 |
| 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 | $1,001,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $664 |
| Total operating and administrative expenses | $14,664 |
| Contributions, gifts, grants paid | $785,000 |
| Total expenses and disbursements | $799,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,012 |
| Savings and temporary cash investments | $604,611 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $628,623 |
| Accounts payable and accrued expenses | $6,000 |
| Grants payable | $155,000 |
| 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 | $161,000 |
Grants Awarded
Over the last fiscal year, Oath Foundation Inc (fka Aol Charitable Foundation) has awarded $785,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
APPLESEEDS ACADEMY PURPOSE: TO PROVIDE PROFESSIONAL, TECHNOLOGICAL & LEADERSHIP SKILLS TRAINING TO UNDERSERVED YOUTH (10-18) ACROSS ISRAEL. | $75,000 |
BASE CAMP CODING ACADEMY PURPOSE: TO SUPPORT CAREER READINESS PROGRAMS THROUGH SOFTWARE DEVELOPMENT TRAINING. | $10,000 |
CHICAGO PROFESSIONALS FOR YOUTH FOUNDATION INC PURPOSE: TO SUPPORT YOUNG WOMEN'S EDUCATION. | $1,000 |
EMBARC PURPOSE: TO SUPPORT EDUCATION PROGRAMS FOR UNDERSERVED YOUTH. | $10,000 |
FLOWER DROPS WITH LOVE PURPOSE: TO SUPPORT EDUCATION PROGRAMS FOR UNDERSERVED YOUTH. | $5,000 |
FOUNDATION FOR SECOND CHANCES PURPOSE: TO SUPPORT EDUCATION AND LIFE SKILLS PROGRAMS FOR UNDERSERVED YOUTH. | $2,000 |