Oak Tree Foundation Inc
- Assets
- $27.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Grove, OR
- Founding
- 02/1995
- Data as of
- 08/2021
- EIN
- 93-1159383
Organization Overview
Oak Tree Foundation Inc is located in Forest Grove, OR. The organization was established in 1995. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Tree 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 08/2021, Oak Tree Foundation Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.0m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PACIFIC UNIVERSITY BY PROVIDING ON-CAMPUS HOUSING, PARKING, AND FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PACIFIC UNIVERSITY BY PROVIDING ON-CAMPUS HOUSING, PARKING AND FACILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Langstraat Secretary | OfficerTrustee | 40 | $0 |
John Hayes President | OfficerTrustee | 1 | $0 |
Maggie Boehmer Treasurer | OfficerTrustee | 1 | $0 |
Skyler Erben Vice Preside | OfficerTrustee | 1 | $0 |
Kevin White Director | Trustee | 1 | $0 |
Mark Frandsen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,461,606 |
| Investment income | $34,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28,243 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,467,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,189 |
| Fees for services: Other | $7,200 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $926,321 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,920 |
| All other expenses | $0 |
| Total functional expenses | $1,985,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,784 |
| Savings and temporary cash investments | $992,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,359,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,909 |
| Net Land, buildings, and equipment | $20,958,903 |
| Investments—publicly traded securities | $2,600,907 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $143,154 |
| Other assets | $0 |
| Total assets | $27,615,846 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $209,380 |
| Tax-exempt bond liabilities | $23,038,317 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,042,943 |
| Total liabilities | $29,290,640 |
| Net assets without donor restrictions | -$1,674,794 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,615,846 |