Obligation Inc
- Assets
- $68.8k
- Revenue
- $2.3k
- Investments
- $67.0k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 63-1154740
Organization Overview
Obligation Inc is located in Birmingham, AL. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Obligation 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 12/2022, Obligation Inc generated $2.3k 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 (17.9%) each year. All expenses for the organization totaled $15.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN FOCUS FOR OBLIGATION, INC. REMAINS ON REMOVING MARKETERS FROM PUBLIC SCHOOLS. KIDDIE MARKETERS PREY ON A CAPTIVE AUDIENCES OF SCHOOL CHILDREN. OBLIGATION, INC. FOCUSES ON PROMOTING INFORMATION THAT HELPS CHILDREN AND CHANGING WHAT HARMS THEM.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,280 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77 |
| Depreciation | $102 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $421 |
| Printing and publications | $0 |
| Other expenses | $2,141 |
| Total operating and administrative expenses | $5,044 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $15,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,791 |
| 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 | $0 |
| Total assets | $68,788 |
| 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 | $100 |
| Total liabilities | $100 |
Grants Awarded
Over the last fiscal year, Obligation Inc has awarded $17,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EAGLE FORUM EDUCATION FOUNDATION PURPOSE: FUNDING | $5,000 |
MEDIA LITERACY NOW PURPOSE: FUNDING | $2,000 |
CAMPAIGN FOR A COMMERCIAL FREE CHILDHOOD PURPOSE: FUNDING | $10,000 |