Oea Choice Welfare Trust
- Assets
- $86.6m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Tigard, OR
- Founding
- 05/1982
- Data as of
- 06/2023
- EIN
- 93-0763726
Organization Overview
Oea Choice Welfare Trust is located in Tigard, OR. The organization was established in 1982. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2023, Oea Choice Welfare Trust employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oea Choice Welfare Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2023, Oea Choice Welfare Trust generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 5.0% per year over the past 8 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.
Since 2015, Oea Choice Welfare Trust has awarded 328 individual grants totaling $6,227,107. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ADMINISTRATION AND PROMOTION OF HEALTH AND WELL-BEING TO QUALIFIED EDUCATIONAL ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST ASSISTS IN PROMOTING THE HEALTH AND WELL-BEING OF OREGON PUBLIC EDUCATION EMPLOYEES THROUGH WELLNESS PROGRAMS CREATED AND PERSONALIZED BY PUBLIC EDUCATION EMPLOYEES FOR PERSONS ENGAGED IN PUBLIC EDUCATION IN OREGON. THERE WERE 12,182 PARTICIPANTS IN THE YEAR ENDING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Scott-Schwalbach Trustee | Trustee | 1 | $0 |
Mari Jones Secretary | OfficerTrustee | 1 | $0 |
Jordan Ng Trustee | Trustee | 1 | $0 |
Debbie Brudevold Chair | OfficerTrustee | 1 | $0 |
Chuck Albright Trustee | Trustee | 1 | $0 |
Lauren Booth Executive Director | Officer | 37.5 | $142,372 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Bank Investment Service Fees | 6/29/23 | $342,184 |
Oregon Mind Body Institute (Ombi) Mindfulness Training | 6/29/23 | $233,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,279,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,061,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,342,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $544,359 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $214,583 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,443 |
| Pension plan accruals and contributions | $46,068 |
| Other employee benefits | $367,665 |
| Payroll taxes | $69,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,738 |
| Fees for services: Accounting | $34,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $398,506 |
| Fees for services: Other | $126,160 |
| Advertising and promotion | $68,936 |
| Office expenses | $18,728 |
| Information technology | $4,182 |
| Royalties | $0 |
| Occupancy | $86,448 |
| Travel | $33,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,363 |
| Insurance | $11,742 |
| All other expenses | $0 |
| Total functional expenses | $3,082,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,367 |
| Savings and temporary cash investments | $1,703,495 |
| Pledges and grants receivable | $148,640 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,470 |
| Net Land, buildings, and equipment | $51,190 |
| Investments—publicly traded securities | $73,698,132 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $273,683 |
| Total assets | $86,615,977 |
| Accounts payable and accrued expenses | $134,589 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $273,683 |
| Total liabilities | $408,272 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $86,207,705 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $86,615,977 |
Grants Awarded
Over the last fiscal year, Oea Choice Welfare Trust has awarded $472,548 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CLACKAMAS ESD PURPOSE: WELLNESS PROGRAM GRANT | $25,030 |
ASHLAND SCHOOL DISTRICT PURPOSE: WELLNESS PROGRAM GRANT | $7,482 |
CANBY SCHOOL DISTRICT PURPOSE: WELLNESS PROGRAM GRANT | $10,000 |
ELGIN SCHOOL DISTRICT PURPOSE: WELLNESS PROGRAM GRANT | $28,313 |
CROOK COUNTY SCHOOL DISTRICT PURPOSE: WELLNESS PROGRAM GRANT | $25,008 |
DAYS CREEK CHARTER SCHOOL PURPOSE: WELLNESS PROGRAM GRANT | $28,400 |