Oba Education Foundation
- Assets
- $1.5m
- Revenue
- $105.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- 12/1986
- Data as of
- 12/2023
- EIN
- 93-0910219
Organization Overview
Oba Education Foundation is located in Salem, OR. The organization was established in 1986. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oba Education 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 12/2023, Oba Education Foundation generated $105.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $163.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OBA EDUCATION FOUNDATION'S OVERALL MISSION IS EDUCATION. THE FOUNDATION SEEKS TO EXPLORE AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR INDIVIDUALS IN AREAS OF BANKING, PUBLIC AND PRIVATE FINANCE, FINANCIAL LITERACY, BUSINESS, FINANCIAL PLANNING AND OTHER RELATED SUBJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OBA EDUCATION FOUNDATION FOCUSED ON ENHANCING FINANCIAL LITERACY IN OREGON AND DEVELOPING FUTURE GENERATIONS OF OREGON BANKERS. CONTRIBUTIONS TO THE OBA EDUCATION FOUNDATION HELPED SUPPORT THE FOLLOWING INITIATIVES IN 2023: PARTNERED WITH OREGON STATE UNIVERSITY, UNIVERSITY OF OREGON AND EASTERN OREGON UNIVERSITY TO SUPPORT COMMERCIAL BANKING EDUCATION AND CAREER DEVELOPMENT. ENGAGED IN FINANCIAL EDUCATION PROGRAMS AND PROVIDED GRANTS TO ORGANIZATIONS SUCH AS CATHOLIC CHARITIES SAVE FIRST, JUNIOR ACHIEVEMENT FINANCE PARK, WILLAMETTE ACADEMY, SE WORKS BANKWORK$, CENTRO CULTURAL OF WASHINGTON COUNTY AND OTHERS. PROMOTED FINANCIAL EDUCATION INITIATIVES LIKE FINANCIAL LITERACY MONTH, GET SMART ABOUT CREDIT DAY AND TEACH CHILDREN TO SAVE DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Brown Chair | OfficerTrustee | 1 | $0 |
Becky Tymchuk Director | Trustee | 1 | $0 |
Stuart B Allen Director | Trustee | 1 | $0 |
Gordon Zimmerman Ex-Officio Dir | Trustee | 1 | $0 |
Lisa M Fajardo-Faust Director | Trustee | 1 | $0 |
Chris Karlin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,055 |
| 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 | $72,055 |
| Total Program Service Revenue | $0 |
| Investment income | $25,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,766 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| Grants and other assistance to domestic individuals. | $2,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,889 |
| Fees for services: Other | $1,340 |
| Advertising and promotion | $0 |
| Office expenses | $816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $251 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $343 |
| Total functional expenses | $162,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $199,776 |
| Pledges and grants receivable | $2,756 |
| Accounts receivable, net | $200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,200 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,260,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,464,871 |
| Accounts payable and accrued expenses | $10,218 |
| Grants payable | $95,000 |
| 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 | $105,218 |
| Net assets without donor restrictions | -$73,385 |
| Net assets with donor restrictions | $1,433,038 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $1,464,871 |
Grants Awarded
Over the last fiscal year, Oba Education Foundation has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF OREGON FNDTN PURPOSE: PROMOTE CAREER OPP IN BANKING | $100,000 |
UNIVERSITY OF PORTLAND PURPOSE: FINANCIAL LITERACY PROGRAM | $10,000 |