Overview
What is Friends Of Oakland Foundation Inc?
Friends of Oakland Foundation Inc is a nonprofit organization dedicated to promoting community services. A significant contribution of $1,603,841 from a decedent's trust was allocated to establish the Oakland golf course preservation Foundation. This funding was utilized for the restoration and preservation of the historic Oakland. Additionally, the Friends of Oakland Foundation collects and distributes charitable contributions to fund educational scholarships for two students residing in the Oakland-Craig area. The organization's mission is deeply rooted in bettering the local community and supporting its youth through education.
Official website here: www.friendsofoaklandfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Friends Of Oakland Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial health. The rating, calculated solely from the Accountability & Finance beacon, reflects strong governance practices and efficient financial management. The organization boasts a 100% independent board and has demonstrated no material diversion of assets, which contributes positively to its score.
The foundation excels in its expense management, with an impressive program expense ratio of 97.56%, ensuring that the vast majority of its funds are directed towards its mission. The fundraising efficiency ratio is also noteworthy, with no reported costs associated with fundraising, which suggests effective resource allocation. Furthermore, the organization maintains a favorable liabilities to assets ratio of 0.00%, indicating financial stability.
While the overall score is commendable, it is entirely based on financial metrics, and there is a lack of evaluation regarding the effectiveness of its programs or community impact. This focus on financials may limit a comprehensive understanding of the foundation's overall performance and outcomes in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Oakland Foundation Inc legitimate?
Friends Of Oakland Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Oakland 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.friendsofoaklandfoundation.com
What is the mission statement of Friends Of Oakland Foundation Inc?
The Friends of Oakland Foundation's mission is centered around promoting community services. Through a significant contribution from a deceased individual's trust, the foundation has supported the restoration and preservation of the historic Oakland golf course. Additionally, the Friends of Oakland Foundation collects and distributes charitable contributions, specifically providing educational scholarships to students residing in the Oakland-Craig area.
Official website here: www.friendsofoaklandfoundation.com
Who is the CEO of Friends Of Oakland Foundation Inc?
Kiley Johnson is the President of Friends Of Oakland Foundation Inc.
Official website here: www.friendsofoaklandfoundation.com
What is the revenue of Friends Of Oakland Foundation Inc?
Friends Of Oakland Foundation Inc's revenue in 2022 was $2,222,701.
Official website here: www.friendsofoaklandfoundation.com
Who are the executives of Friends Of Oakland Foundation Inc and what are their salaries?
There 15 volunteers at Friends Of Oakland Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.friendsofoaklandfoundation.com
Where can I find the form 990 for Friends Of Oakland Foundation Inc?
Friends Of Oakland Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendsofoaklandfoundation.com
Learn more at the official website: www.friendsofoaklandfoundation.com
Mission Statement of Friends Of Oakland Foundation Inc
The Friends of Oakland Foundation, a nonprofit organization, is dedicated to promoting community services. One of its significant initiatives involves the restoration and preservation of the historic Oakland golf course. A substantial contribution of $1,603,841 from a deceased individual's trust was channeled towards the Oakland golf course preservation Foundation to support this cause. Beyond this, the Friends of Oakland Foundation also focuses on providing educational opportunities. They collect and distribute charitable contributions to support two scholars from the Oakland-Craig area, thereby contributing to the local community's educational growth.
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Impact
July, 2024
Friends Of Oakland Foundation Inc's impact can be seen in their dedication to promoting community services in Oakland, Nebraska. One notable contribution is the support provided to the newly formed Oakland Golf Course Preservation Foundation, where a substantial amount of $1,603,841 was contributed for the restoration and preservation of the historic Oakland. Additionally, the foundation collected charitable contributions that were then distributed for educational scholarships to two students from the Oakland-Craig area. This philanthropic work aligns with their mission to enhance the community and make a positive difference in the lives of individuals in Oakland.
This information is meant to be a general summary of Friends Of Oakland 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: $38,627
- Gross Receipts: $2,650,272
Assets and Liabilities:
- Total Assets: $2,697,136
- Total Liabilities: $0
- Net Assets: $2,697,136
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Organization Details
Founding Year
1987
Phone
(402) 685-6902Principal Officer
Kiley Johnson
Main Address
PO Box 3, OAKLAND, NE, 68045
NTEE Category
Code: S20 - Community improvement
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