Outer Atoll Resources
- Assets
- $1.0k
- Revenue
- $98.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- 12/2018
- Data as of
- 10/2021
- EIN
- 83-2361525
Organization Overview
Outer Atoll Resources is located in Salem, OR. The organization was established in 2018. According to its NTEE Classification (K02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Outer Atoll Resources 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 10/2021, Outer Atoll Resources generated $98.3k in total revenue. All expenses for the organization totaled $150.8k during the year ending 10/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTS PEOPLE IN THE NORTH PACIFIC ISLANDS, SPECIFICALLY BUT NOT LIMITED TO THE FEDERATED STATES OF MICRONESIA. SENDS DONATIONS FOR DISASTER PREPAREDNES/RELIEF, PROVIDES GRANT WRITING, AND PROMOTES SUSTAINABLE SOCIAL ENTREPRENEURSHIP
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Collen Frank President | 10 | $20,571 | |
Solomon Frank Vice Pres. | 10 | $10,569 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,265 |
| Interest on Savings | $1 |
| 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 | $98,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,140 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $614 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,911 |
| Printing and publications | $0 |
| Other expenses | $123,764 |
| Total operating and administrative expenses | $150,779 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $150,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99 |
| 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 | $922 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,021 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,085 |
| Mortgages and other notes payable | $10,415 |
| Other liabilities | $42,900 |
| Total liabilities | $67,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tri-State Livestock Credit Corp Rancho Cordova, CA | $42,126,774 | $2,559,910 |
Napa Seafood Foundation San Rafael, CA | $46,559 | $0 |
Outer Atoll Resources Salem, OR | $1,021 | $98,266 |
Detente Foundation Newport Beach, CA | $0 | $0 |
Thank A Farmer Las Vegas, NV | $0 | $0 |
Agricultural Lending Institute Inc Clovis, CA | $71,074 | $0 |