Omron Foundation Inc
- Assets
- $2.1m
- Revenue
- $525.3k
- Investments
- $1.7m
- Employees
- 0
- Location
- Hoffman Estates, IL
- Founding
- 11/1989
- Data as of
- 03/2024
- EIN
- 36-3644055
Organization Overview
Omron Foundation Inc is located in Hoffman Estates, IL. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Omron Foundation Inc 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 03/2024, Omron Foundation Inc generated $525.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $601.1k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Omron Foundation Inc has awarded 574 individual grants totaling $2,983,151. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President/director | 2 | $0 | |
Name Not Listed Secretary/director | 1 | $0 | |
Name Not Listed Treasurer/v.p./director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $478,156 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,414 |
| Capital Gain Net Income | $4,414 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,201 |
| Total Revenue | $525,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,627 |
| Total operating and administrative expenses | $9,627 |
| Contributions, gifts, grants paid | $591,461 |
| Total expenses and disbursements | $601,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,887 |
| 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 | $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 | $1,715,311 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,109,198 |
| 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, Omron Foundation Inc has awarded $591,465 in support to 163 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY FOR SCIENCE AND DESIGN PURPOSE: CHARITABLE AND EDUCATION | $5,000 |
ALAMEDA COUNTY COMMUNITY FOOD BANK PURPOSE: CHARITABLE AND EDUCATION | $250 |
AGAPE SERVICE PROJECT PURPOSE: CHARITABLE AND EDUCATION | $1,000 |
ALPHA OMEGA MIRACLE HOME INC PURPOSE: CHARITABLE AND EDUCATION | $50 |
ALZHEIMERS GREATER LOS ANGELES PURPOSE: CHARITABLE AND EDUCATION | $3,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE AND EDUCATION | $211 |