Oea Foundation Inc
- Assets
- $5.2m
- Revenue
- $427.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 05/1966
- Data as of
- 08/2023
- EIN
- 47-0488295
Organization Overview
Oea Foundation Inc is located in Omaha, NE. The organization was established in 1966. 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. Oea 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 08/2023, Oea Foundation Inc generated $427.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $420.5k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Oea Foundation Inc has awarded 318 individual grants totaling $1,550,450. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS OF $500 TO $11,000 TO SEVENTY SEVEN HIGH SCHOOL GRADUATES. SCHOLARSHIPS ARE DESIGNATED BY EITHER THE OEA FOUNDATION OR A SCHOLARSHIP COMMITTEE OF A LOCAL SCHOOL. SCHOLARSHIP REQUIREMENTS VARY DUE TO DONOR STIPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Moberg Trustee | 0.5 | $0 | |
Bob Mc Cune Trustee | 0.5 | $0 | |
Walta Sue Dodd Vice-President | 0.5 | $0 | |
Liz Rea President | 0.5 | $0 | |
Susan Kalina Trustee | 0.5 | $0 | |
Carol Krejci Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,122 |
| Interest on Savings | $912 |
| Dividends & Interest | $421,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,054 |
| Capital Gain Net Income | $1,054 |
| Net ST Capital Gain | $0 |
| Income Modifications | $16,141 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $427,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,465 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,235 |
| Total operating and administrative expenses | $35,925 |
| Contributions, gifts, grants paid | $384,550 |
| Total expenses and disbursements | $420,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144 |
| Savings and temporary cash investments | $129,012 |
| 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 | $0 |
| Other assets | $5,041,353 |
| Total assets | $5,170,509 |
| 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 | $1,461 |
| Total liabilities | $1,461 |
Grants Awarded
Over the last fiscal year, Oea Foundation Inc has awarded $384,550 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
KAYLA ATKINS PURPOSE: SCHOLARSHIP | $1,250 |
MILAN ARANDA PURPOSE: SCHOLARSHIP | $4,000 |
ANDREW BAILEY PURPOSE: SCHOLARSHIP | $4,000 |
JACK BAKER PURPOSE: SCHOLARSHIP | $10,000 |
ZAHAR BARI PURPOSE: SCHOLARSHIP | $1,500 |
ELLIE BARTSCH-BANG PURPOSE: SCHOLARSHIP | $10,000 |