Oakpoint Charitable Foundation
- Assets
- $32.1m
- Revenue
- $880.7k
- Investments
- $32.0m
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 82-1895023
Organization Overview
Oakpoint Charitable Foundation is located in Waltham, MA. The organization was established in 2017. 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. Oakpoint Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Oakpoint Charitable Foundation has awarded 101 individual grants totaling $5,333,514. 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
WOMEN'S ART CENTER OF THE HAMPTONS: A PROJECT TO SUPPORT THE COMMUNITY OF FEMALE ARTISTS IN THE LOCAL AREA THROUGH THE RESIDENCY PROGRAMS FOR WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Elum Exectuive Director | 40 | $123,611 | |
Julie Jensen Director, President | 1 | $0 | |
Charles Meyer Director, Vice President | 15 | $82,150 | |
Ann Belzner Director, Secretary | 1 | $0 | |
Kathryn Gorman Director | 1 | $0 | |
Andrew J Meyer Director | 1 | $16,602 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bessemer Trust | 12/30/22 | $69,133 |
Wendy Van Deusen | 12/30/22 | $63,971 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $261,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $623,831 |
| Capital Gain Net Income | $622,454 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,899 |
| Total Revenue | $880,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $279,703 |
| Other employee salaries and wages | $191,779 |
| Pension plans, employee benefits | $12,225 |
| Interest | $0 |
| Taxes | $12,917 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,325 |
| Printing and publications | $0 |
| Other expenses | $56,114 |
| Total operating and administrative expenses | $713,149 |
| Contributions, gifts, grants paid | $1,163,558 |
| Total expenses and disbursements | $1,876,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,222 |
| 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 | $4,942,227 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,116,231 |
| 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 | $1,588 |
| Total liabilities | $1,588 |
Grants Awarded
Over the last fiscal year, Oakpoint Charitable Foundation has awarded $1,163,558 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
A FAIR SHAKE FOR YOUTH INC PURPOSE: GENERAL AND UNRESTRICTED | $30,000 |
BARBERSHOP BOOKS INC PURPOSE: GENERAL AND UNRESTRICTED | $125,000 |
APPALACHIAN SUSTAINABLE AGRICULTURE PROJECT PURPOSE: GENERAL AND UNRESTRICTED | $10,000 |
FAIR CHANCE PURPOSE: GENERAL AND UNRESTRICTED | $5,000 |
FOR INFINITY AND BEYOND PURPOSE: GENERAL AND UNRESTRICTED | $7,500 |
MICHAEL-ANN RUSSELL JEWISH COMMUNITY CENTER INC PURPOSE: GENERAL AND UNRESTRICTED | $50,000 |