Oarsmen Foundation
- Assets
- $30.1m
- Revenue
- $2.5m
- Investments
- $29.9m
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 33-0754362
Organization Overview
Oarsmen Foundation is located in Torrance, CA. The organization was established in 1997. 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. Oarsmen 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 12/2022, Oarsmen Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Oarsmen Foundation has awarded 768 individual grants totaling $13,464,681. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George L Schuler Treasurer | 0 | $0 | |
Rosalie T Schuler 1st Vice President | 0 | $0 | |
Scott D Schuler 2nd Vice President | 0 | $0 | |
Kimberly S Whitcombe President | 0 | $0 | |
John D Whitcombe Secretary | 0 | $0 | |
Brenda Husman Controller | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,545 |
| Dividends & Interest | $971,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,494,096 |
| Capital Gain Net Income | $1,494,096 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,829 |
| Total Revenue | $2,517,561 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,914 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $335,938 |
| Total operating and administrative expenses | $394,102 |
| Contributions, gifts, grants paid | $2,810,510 |
| Total expenses and disbursements | $3,204,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,674 |
| Savings and temporary cash investments | $0 |
| 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 | $126,513 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $297,442 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $32,119 |
| Total assets | $30,083,626 |
| 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 | $10 |
| Total liabilities | $10 |
Grants Awarded
Over the last fiscal year, Oarsmen Foundation has awarded $2,810,510 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
A STEP BEYOND PURPOSE: FUNDS FOR CHARITY | $10,000 |
A-21 PURPOSE: FUNDS FOR CHARITY | $30,000 |
ALLIANCE DEFENDING FREEDOM PURPOSE: FUNDS FOR CHARITY | $30,000 |
AMERICAN HEART ASSOCIATION PURPOSE: FUNDS FOR CHARITY | $5,000 |
ASIAN ACCESS PURPOSE: FUNDS FOR CHARITY | $30,000 |
BEACON LIGHT MISSION PURPOSE: FUNDS FOR CHARITY | $40,000 |