Oakbae Foundation
- Assets
- $582.4k
- Revenue
- $208.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Roseburg, OR
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-4453770
Organization Overview
Oakbae Foundation is located in Roseburg, OR. The organization was established in 2017. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakbae 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 12/2021, Oakbae Foundation generated $208.4k 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 (15.0%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUCCESSFUL MISSIONARIES COMPONENT OF OUR MISSION ADDRESSES THE VARIOUS STAGES OF A MISSIONARY'S GROWTH - FROM DEVELOPING POTENTIAL MISSIONARIES TO PROVIDING SUPPORT IN THE FIELD TO ACTIVE MISSIONARIES TO FINALLY RETIREMENT. OUR GOAL IS TO DEVELOP A LONG-TERM RELATIONSHIP WITH SUCH MISSIONARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Baek Kyu Oh President | 0 | $0 | |
Sung Chil Oh Secretary | 0 | $0 | |
Mary Ki Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $207,727 |
| Interest on Savings | $685 |
| Dividends & Interest | $0 |
| 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 | $208,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,900 |
| Contributions, gifts, grants paid | $32,824 |
| Total expenses and disbursements | $34,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $582,404 |
| 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 | $582,404 |
| 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, Oakbae Foundation has awarded $32,824 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MISSION TO THE WORLD PURPOSE: SUPPORT MISSIONARIES | $20,000 |
KOREAN BAPTIS CHURCH OF STOCKTON PURPOSE: SUPPORT MISSIONS | $10,000 |
COMPASSION INTERNATIONAL PURPOSE: SUPPORT CHILDREN IN POVERTY | $2,824 |
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