Oea Choice Welfare Trust
- Assets
- $81.1m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Tigard, OR
- Founding
- 05/1982
- Data as of
- 06/2022
- 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 06/2022, Oea Choice Welfare Trust employed 9 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 06/2022, Oea Choice Welfare Trust generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $4.6m during the year ending 06/2022. While expenses have increased by 12.0% per year over the past 7 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 303 individual grants totaling $5,754,559. 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
2022
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 SCHOOL PUBLIC EDUCATION EMPLOYEES THROUGH WELLNESS PROGRAMS CREATED AND PERSONALIZED BY SCHOOL EDUCATION EMPLOYEES FOR SCHOOL EDUCATION EMPLOYEES. THE TRUST ALSO PROVIDES FOR THE ESTABLISHMENT, FUNDING AND ADMINISTRATION OF BENEFIT PROGRAMS FOR PERSONS ENGAGED IN PUBLIC EDUCATION IN OREGON. THERE WERE 11,771 PARTICIPANTS IN THE YEAR ENDING 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Spruance Term 93021 Executive Director | Officer | 37.5 | $403,098 |
Lisa Mahoney Term 0942021 Accounting Manager | 37.5 | $223,011 | |
Inge Aldersebaes Associate Director | 37.5 | $123,323 | |
Lauren Booth Start 9072021 Executive Director | Officer | 37.5 | $38,775 |
Debbie Brudevold Chair | OfficerTrustee | 1 | $0 |
Mari Jones Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oregon Mind Body Institute (Ombi) Mindfulness Training | 6/29/22 | $250,107 |
Education Northwest Evaluation Services | 6/29/22 | $107,789 |
Us Bank Investment Service Fees | 6/29/22 | $398,889 |
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 | $2,107,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,232,907 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,340,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,418,082 |
| 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. | $539,654 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,870 |
| Pension plan accruals and contributions | $159,968 |
| Other employee benefits | $203,942 |
| Payroll taxes | $75,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,848 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $417,251 |
| Fees for services: Other | $117,408 |
| Advertising and promotion | $53,824 |
| Office expenses | $24,272 |
| Information technology | $4,568 |
| Royalties | $0 |
| Occupancy | $83,913 |
| Travel | $5,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,229 |
| Insurance | $24,706 |
| All other expenses | $0 |
| Total functional expenses | $4,581,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,297 |
| Savings and temporary cash investments | $3,357,130 |
| Pledges and grants receivable | $0 |
| 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 | $21,367 |
| Net Land, buildings, and equipment | $58,645 |
| Investments—publicly traded securities | $67,288,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $81,134,339 |
| Accounts payable and accrued expenses | $165,420 |
| 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 | $0 |
| Total liabilities | $165,420 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $80,968,919 |
| 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 | $81,134,339 |
Grants Awarded
Over the last fiscal year, Oea Choice Welfare Trust has awarded $2,027,399 in support to 132 organizations.
| Grant Recipient | Amount |
|---|---|
WOODBURN SCHOOL DISTRICT PURPOSE: WELLNESS PROGRAM GRANT | $45,000 |
LEBANON COMMUNITY SCHOOLS PURPOSE: WELLNESS PROGRAM GRANT | $44,961 |
MT ANGEL SCHOOL DISTRICT PURPOSE: WELLNESS PROGRAM GRANT | $40,000 |
HIGH DESERT EDUCATION SERVICE DISTRICT PURPOSE: WELLNESS PROGRAM GRANT | $40,000 |
SEASIDE SCHOOL DISTRICT PURPOSE: WELLNESS PROGRAM GRANT | $39,530 |
CLACKAMAS ESD PURPOSE: WELLNESS PROGRAM GRANT | $38,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles City Employees Assoc Los Angeles, CA | $3,929,148 | $17,394,043 |
Clark County Firefighters Union Las Vegas, NV | $43,051,788 | $17,162,626 |
Elk Grove Benefits Employee Retirement Trust Elk Grove, CA | $203,519,150 | $24,003,210 |
Las Vegas Firefighters Health & Welfare Trust Las Vegas, NV | $20,225,951 | $14,905,602 |
Public Employee Benefit Tr Of Ca Glendale, CA | $33,411 | $11,074,985 |
Iaff Local 726 Health And Welfare Trust Mukilteo, WA | $11,100,974 | $11,763,674 |
Sheriffs Relief Assn Of Los Angeles County Whittier, CA | $56,773,839 | $4,943,201 |
Voluntary Employees Beneficiary Association Post-Employment Health Spokane, WA | $74,536,004 | $17,907,291 |
Las Vegas Metropolitan Police Mang & Superv Assn Employee Benefit Tr Las Vegas, NV | $77,184,060 | $8,045,908 |
Lgbt Benefit Plan Trust Glendale, CA | $81,116 | $7,385,991 |
Chp 11 99 Foundation Costa Mesa, CA | $82,792,052 | $11,625,732 |
Mfow Pma Welfare Fund San Francisco, CA | $14,543,006 | $5,796,696 |