Friends Of Oasis
- Assets
- $1.6m
- Revenue
- $499.9k
- Investments
- $1.3m
- Employees
- 2
- Location
- Corona Del Mar, CA
- Founding
- 05/1978
- Data as of
- 06/2022
- EIN
- 95-3196296
Organization Overview
Friends Of Oasis is located in Corona Del Mar, CA. The organization was established in 1978. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Friends Of Oasis employed 2 individuals. This organization is the central organization for a national or regional group of organizations. Friends Of Oasis 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 06/2022, Friends Of Oasis generated $499.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $570.7k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES FINANCIAL & VOLUNTEER SUPPORT TO THE OASIS SENIOR CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF OASIS ALSO OFFERS ADDITIONAL SENIOR ACTIVITIES SUCH AS CITY ACTIVITIES, GARDEN CLUB, SAILING CLUB, FRIENDS ACTIVITIES, GENERAL GATHERING, PANCAKE BREAKFAST, AND RUMMAGE SALE. GENERAL FINANCIAL AND VOLUNTEER SUPPORT EXPENSES FOR THE NEWPORT BEACH OASIS SENIOR CENTER.
FRIENDS OF OASIS SPONSORS TRAVEL ARRANGEMENTS FOR SENIORS WHICH PROVIDES TRAVEL OPPORTUNITIES FOR SENIORS.
THE SCHOLARSHIP PROGRAM WAS INITIATED AT THE END OF FINANCIAL YEAR 2022. THIS PROGRAM HELPS PROVIDE FINANCIAL SUPPORT AND ENCOURAGE EVERYONE TO FURTHER THEIR EDUCATION TO PROVIDE FOR SENIORS' PROBLEMS RESULTING FROM AGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zimmerman Mike President | OfficerTrustee | 5 | $0 |
Stewart Kathy Vp, Ops | OfficerTrustee | 5 | $0 |
Howald Walt Vp, Ca | OfficerTrustee | 5 | $0 |
Walker Kathy Vp, Dev. | OfficerTrustee | 5 | $0 |
Paulsen Scott Secretary | OfficerTrustee | 5 | $0 |
Howard Herzog Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $145,685 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,635 |
| Total Program Service Revenue | $138,933 |
| Investment income | $34,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,479 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,608 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,753 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,406 |
| Advertising and promotion | $0 |
| Office expenses | $48,387 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,647 |
| Travel | $51,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,223 |
| Insurance | $13,002 |
| All other expenses | $11,975 |
| Total functional expenses | $570,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,266 |
| Savings and temporary cash investments | $150,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,598 |
| 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 | $2,673 |
| Net Land, buildings, and equipment | $69,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,309,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,589,100 |
| Accounts payable and accrued expenses | $3,690 |
| 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 | $21,126 |
| Total liabilities | $24,816 |
| Net assets without donor restrictions | $1,560,392 |
| Net assets with donor restrictions | $3,892 |
| 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 | $1,589,100 |