Michael A Obannon Foundation
- Assets
- $4.3m
- Revenue
- $387.1k
- Investments
- $4.2m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 02/1995
- Data as of
- 12/2023
- EIN
- 94-3216555
Organization Overview
Michael A Obannon Foundation is located in Las Vegas, NV. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Michael A Obannon 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 12/2023, Michael A Obannon Foundation generated $387.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $588.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael A Obannon Foundation has awarded 136 individual grants totaling $4,140,862. 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
EXPENSES (OVERHEAD) THAT ARE RELATED TO THE DIRECT COSTS INCURRED IN CONDUCTING THE FOUNDATIONS CHARITABLE ACTIVITIES. PG.1,LN.24,COL.D
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Flott Trustee | 4 | $2,400 | |
Paula Egea Office Mgr. | 10 | $10,250 | |
Kay F Alchu Exectstee Grants Mgr. | 20 | $32,520 | |
Kay F Alchu Exectstee Invest. Mgr. | 20 | $32,520 | |
Mark Mcelroy Trustee | 4 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,721 |
| Dividends & Interest | $371,419 |
| 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 | $13,924 |
| Total Revenue | $387,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,240 |
| Other employee salaries and wages | $10,250 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,760 |
| Depreciation | $0 |
| Occupancy | $12,043 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,856 |
| Total operating and administrative expenses | $123,404 |
| Contributions, gifts, grants paid | $464,851 |
| Total expenses and disbursements | $588,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$132,648 |
| 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 | $100,000 |
| Net Land, buildings, and equipment | $247,407 |
| Other assets | $6,677 |
| Total assets | $4,328,280 |
| 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, Michael A Obannon Foundation has awarded $464,851 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GIRL SCOUTS OF SOUTHERN NV PURPOSE: EDUCATION ANDLIFE SKILLS FORCHILDREN | $0 |
JOHNS HOPKINS(WILMER EYE INST) PURPOSE: MEDICAL RESEARCHAND TREATMENT | $100,000 |
FOUNDT'N-INDEPENDENT TOMORROW PURPOSE: VOCATIONAL TRAININGEDUCATION ASSISTANCEFOR DISADVANTAGED | $0 |
CHILDREN'S GUILD SO NV PURPOSE: HOUSING & CARE OF AT RISKCHILDREN | $0 |
GILCREASE NATURE SANCTUARY PURPOSE: SHELTER & CARE OFWILDLIFE | $5,000 |
MAYO CLINIC FOUNDATION PURPOSE: MEDICALRESEARCH | $209,851 |