Overview
What is Oakwood Foundation Inc?
Oakwood Foundation Inc, based in Madison, Wisconsin, is a nonprofit organization devoted to serving older adults in need. Their primary mission is to build, maintain, and distribute resources to promote the highest level of independence for a diverse community of seniors. This involves funding 501(c)(3) organizations, focusing on three key areas: providing benevolence for older adults who cannot afford full care costs, supporting capital enhancements and programs that boost independence and improve quality of life, and fostering spiritual vitality. With this mission, Oakwood Foundation Inc strives to empower and uplift the lives of older adults within their community.
Official website here: www.oakwoodvillage.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Oakwood Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The overall score is based entirely on their accountability metrics, highlighting the organization’s commitment to financial transparency and responsible governance practices.
Strengths of the Oakwood Foundation include a fully independent board, with all eight members maintaining independence, and strong oversight through an Audit and Oversight Committee. Their financial health is further indicated by a low liabilities-to-assets ratio of 25.01% and a high program expense ratio of 91.28%, ensuring that a significant portion of their resources directly supports their charitable missions.
While the foundation scores exceptionally well on accountability, there are no specific limitations noted in the data. This demonstrates their robust operational practices and commitment to ethical standards, making them a strong candidate for donor support and trust.
This AI summary has been generated from information found on Charity Navigator.
Is Oakwood Foundation Inc legitimate?
Oakwood Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakwood Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $114,992
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,380
For more financial information, click here
Official website here: www.oakwoodvillage.net
What is the mission statement of Oakwood Foundation Inc?
The Oakwood Foundation's mission is centered around the development, stewardship, and distribution of resources. Its primary goal is to promote the highest level of independence for a diverse community of older adults. To achieve this, the foundation provides funding to 501(c)(3) organizations. This funding is allocated towards three key areas: benevolence for older adults who cannot afford full care costs, capital enhancements that support independence and enhance quality of life, and initiatives that foster spiritual vitality. Overall, the Oakwood Foundation's mission aims to improve the lives of older adults by promoting their independence and well-being.
Official website here: www.oakwoodvillage.net
Who is the CEO of Oakwood Foundation Inc?
Christine O'Donnell is the Chair of Oakwood Foundation Inc. The CEO's salary of Oakwood Foundation Inc is $0 and their total compensation is $387,478.
Official website here: www.oakwoodvillage.net
What is the revenue of Oakwood Foundation Inc?
Oakwood Foundation Inc's revenue in 2022 was $1,672,682.
Official website here: www.oakwoodvillage.net
Who are the executives of Oakwood Foundation Inc and what are their salaries?
There 8 volunteers at Oakwood Foundation Inc.
Here are 12 key members and their salaries (Oakwood Foundation Inc's CEO's salary is $0 and their total compensation is $387,478):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $371,107
- Other: $16,371
- Compensation: $0
- Related: $210,427
- Other: $23,512
- Compensation: $0
- Related: $152,878
- Other: $3,159
- Compensation: $0
- Related: $169,017
- Other: $21,283
Official website here: www.oakwoodvillage.net
Where can I find the form 990 for Oakwood Foundation Inc?
Oakwood Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oakwoodvillage.net
Learn more at the official website: www.oakwoodvillage.net
Mission Statement of Oakwood Foundation Inc
Oakwood Foundation Inc is dedicated to promoting the highest level of independence for a diverse community of older adults. Their mission involves the development, stewardship, and distribution of resources. This nonprofit organization aims to serve three primary needs: benevolence for older adults who cannot afford to pay the full cost of care, funding for capital enhancements and programs that support independence and enhance the quality of life, and spiritual vitality. By providing funding to 501(C)(3) organizations, Oakwood Foundation Inc strives to make a significant impact on the lives of older adults, ensuring they maintain their independence and live with dignity.
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Impact
July, 2024
Oakwood Foundation Inc's impact can be seen in the significant support it provides to promote the highest level of independence for a diverse community of older adults. By developing, stewarding, and distributing resources, the foundation enables various 501(c)(3) organizations to address priority needs such as benevolence for older adults who cannot afford full care costs, funding for capital enhancements and programs that support independence, and enhancing quality of life. Additionally, Oakwood Foundation Inc plays a crucial role in fostering spiritual vitality within this community. Through its activities, the foundation contributes to improving the health and well-being of older adults in Madison, WI, and beyond.
This information is meant to be a general summary of Oakwood Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $460,885
- Gross Receipts: $9,650,542
Assets and Liabilities:
- Total Assets: $21,507,552
- Total Liabilities: $5,380,722
- Net Assets: $16,126,830
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Organization Details
Founding Year
1981
Phone
(608) 230-4699Principal Officer
Christine O'Donnell
Main Address
6201 MINERAL POINT ROAD, MADISON, WI, 53705
Website
www.oakwoodvillage.netNTEE Category
Code: E90Z - Health
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