Obsidian Foundation Inc
- Assets
- $2.5m
- Revenue
- $121.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 91-1897282
Organization Overview
Obsidian Foundation Inc is located in Boise, ID. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Obsidian 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 12/2023, Obsidian Foundation Inc generated $121.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $233.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Obsidian Foundation Inc has awarded 124 individual grants totaling $998,100. 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 |
|---|---|---|---|
Joan Boren Directorsecretary | 1 | $0 | |
Michael Boren Directorpresident | 0.5 | $0 | |
Katherine Boren Director | 0.5 | $0 | |
Jack Boren Director | 0 | $0 | |
Amanda Boren Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $67 |
| Dividends & Interest | $58,710 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,876 |
| Capital Gain Net Income | $62,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $121,653 |
| 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 | $137 |
| Total operating and administrative expenses | $18,426 |
| Contributions, gifts, grants paid | $214,850 |
| Total expenses and disbursements | $233,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,553 |
| 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 | $1,022,795 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,538,381 |
| 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 | $132,521 |
| Total liabilities | $132,521 |
Grants Awarded
Over the last fiscal year, Obsidian Foundation Inc has awarded $214,850 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AHA FOUNDATION PURPOSE: GENERAL UNRESTRICTED GRANT | $35,000 |
ST ALPHONSUS FOUNDATION PURPOSE: GENERAL UNRESTRICTED GRANT | $6,500 |
BOISE MUSIC WEEK PURPOSE: GENERAL UNRESTRICTED GRANT | $3,000 |
IDAHO ORCHESTRA INSTITUTE PURPOSE: GENERAL UNRESTRICTED GRANT | $1,350 |
SUN VALLEY POLICY FORUM PURPOSE: GENERAL UNRESTRICTED GRANT | $25,000 |
INSPIRE EXCELLENCE PURPOSE: GENERAL UNRESTRICTED GRANT | $15,000 |