Oaks Foundation

Organization Overview

Oaks Foundation is located in Sebring, OH. The organization was established in 1993. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Oaks 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 06/2021, Oaks Foundation generated $984.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 6 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, Oaks Foundation has awarded 16 individual grants totaling $15,666,069. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FUNDS DISTRIBUTED TO NOT FOR PROFIT ORGANIZATIONS TO PROVIDE HOUSING, HEALTH CARE & MEDICAL SERVICES FOR A RETIREMENT COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDS DISTRIBUTED TO NON-PROFIT ORGANIZATIONS TO PROVIDE HOUSING, HEALTH CARE & MEDICAL SERVICES FOR A RETIREMENT COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Tom Gant
Vice President/ Director
$0
Bill Williams
Secretary/ Director
$0
Lynne Biery
Treasurer
$0
Lisa Gentile
Administrator
$0
David Dave Mannion
Ceo/ Cfo/ Controller
$0
Andrew Estock
Director
$0

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$484,251
Noncash contributions included in lines 1a–1f $5,146
Total Revenue from Contributions, Gifts, Grants & Similar$484,251
Total Program Service Revenue$0
Investment income $229,033
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $269,413
Net Income from Fundraising Events $1,282
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $983,979

Grants Awarded

Over the last fiscal year, Oaks Foundation has awarded $1,155,320 in support to 2 organizations.

Grant RecipientAmount

Sebring, OH

PURPOSE: TO SUPPORT CRANDALL MEDICAL CENTER IN ITS OPERATIONS OF PROVIDING LIVING AND SKILLED NURSING SERVICES TO RESIDENTS OF ITS FACILITIES.

$963,980

CRANDALL MEDICAL CENTER

Org PageRecipient Profile

Sebring, OH

PURPOSE: TO SUPPORT CRANDALL MEDICAL CENTER IN ITS OPERATIONS OF PROVIDING LIVING AND SKILLED NURSING SERVICES TO RESIDENTS OF ITS FACILITIES.

$191,340
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Oaks Foundation has recieved totaling $7,000.

Awarding OrganizationAmount
Scott Foundation Inc

Greensburg, PA

PURPOSE: FACILITIES MAINTENANCE

$6,000
Scott Foundation Inc

Greensburg, PA

PURPOSE: UNRESTRICTED CHARITABLE SPONSORSHIP

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,079,129
Net Contributions$48,562
Grants$146,823
Ending Balance$980,868

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