Michael A Obannon Foundation
- Assets
- $4.7m
- Revenue
- $337.3k
- Investments
- $3.7m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 94-3216555
Organization Overview
Michael A Obannon Foundation is located in Las Vegas, NV. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael A Obannon 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 12/2021, Michael A Obannon Foundation generated $337.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $394.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael A Obannon Foundation has awarded 113 individual grants totaling $3,257,215. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES (OVERHEAD) THAT ARE RELATED TO THE DIRECT COSTS INCURRED IN CONDUCTING THE FOUNDATION'S CHARITABLE ACTIVITIES. PG.1,LN.24,COL.D
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay F Alchu Exectstee Invest. Mgr. | 20 | $32,520 | |
Paula Egea Office Aid | 10 | $7,800 | |
Mark Mcelroy Trustee | 4 | $1,800 | |
Ryan Lawrence Trustee | 0 | $0 | |
Dorothy Flott Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $62 |
| Dividends & Interest | $330,943 |
| 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 | $6,295 |
| Total Revenue | $337,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,240 |
| Other employee salaries and wages | $7,800 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,572 |
| Depreciation | $0 |
| Occupancy | $9,952 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,118 |
| Total operating and administrative expenses | $116,696 |
| Contributions, gifts, grants paid | $278,225 |
| Total expenses and disbursements | $394,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $713,209 |
| 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 | $247,407 |
| Other assets | $6,677 |
| Total assets | $4,674,137 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Michael A Obannon Foundation has awarded $278,225 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC FOUNDATION PURPOSE: MEDICALRESEARCH | $248,225 |
Omaha, NE PURPOSE: ANIMAL SHELTER,TREATMENT &EDUCATION | $10,000 |
SIENA FRANCIS HOUSE PURPOSE: HOMELESS;SHELTER &FOOD | $10,000 |
GILCREASE NATURE SANCTUARY PURPOSE: SHELTER & CARE OFWILDLIFE | $5,000 |
CHILDREN'S GUILD SO NV PURPOSE: HOUSING & CARE OF AT RISKCHILDREN | $5,000 |
Omaha, NE PURPOSE: EDUCATION OFCHILDREN | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |