Overview
What is Occu Foundation Inc?
Occu Foundation Inc, based in Eugene, Oregon, serves as a philanthropic entity that distributes funds to support charitable causes in its community. Its primary focus is on enhancing the lives of its members, employees, and local citizens, with a special emphasis on families, youth, community sustainability, and education. By fulfilling grant requests from non-profit organizations, Occu Foundation Inc promotes and executes Oregon Community Credit Union's (OCCU) charitable activities, contributing to the betterment of the communities it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star Rating
The Occu Foundation Inc has received a low rating of 56% from Charity Navigator, resulting in a One-Star rating. This score indicates significant concerns regarding its accountability and financial practices. Notably, the organization does not have any independent board members, which raises questions about governance and oversight.
Despite the financial governance issues, the foundation has a high program expense ratio of 99.27%, suggesting that nearly all of its expenses are directed toward its programs rather than administrative costs. However, the absence of transparency in financial statements, along with missing key policies such as whistleblower and document retention, points to a lack of comprehensive operational practices.
Overall, while the Occu Foundation Inc is effectively allocating funds to its programs, the lack of independent oversight and missing important governance policies may undermine confidence among donors and stakeholders. The organization would benefit from enhancing its financial transparency and governance structures to improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Occu Foundation Inc legitimate?
Occu Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Occu 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
What is the mission statement of Occu Foundation Inc?
The Occu Foundation Inc's mission is centered around promoting philanthropic education and charitable activities. The corporation is organized to enhance the lives of members, employees, and the communities served by Oregon Community Credit Union and its subsidiaries. The foundation disburses funds and fulfills charitable giving goals and grant requests from non-profit organizations in the communities it serves. It focuses on improving lives by supporting organizations that focus on families, youth, community sustainability, and education, thereby aligning with its charitable giving objectives. The complete mission statement can be found in materials distributed by the corporation.
Who is the CEO of Occu Foundation Inc?
John Schiffer is the Board Chairman of Occu Foundation Inc.
What is the revenue of Occu Foundation Inc?
Occu Foundation Inc's revenue in 2022 was $901,213.
Who are the executives of Occu Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $983,826
- Other: $55,797
- Compensation: $0
- Related: $441,664
- Other: $87,278
- Compensation: $0
- Related: $300,272
- Other: $74,406
- Compensation: $0
- Related: $350,603
- Other: $82,481
- Compensation: $0
- Related: $336,399
- Other: $81,859
- Compensation: $0
- Related: $350,377
- Other: $77,425
- Compensation: $0
- Related: $230,181
- Other: $39,709
Where can I find the form 990 for Occu Foundation Inc?
Occu Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Occu Foundation Inc
Occu Foundation Inc, a philanthropic entity, is organized with a mission to foster educational opportunities and charitable activities. This mission aims to enhance the lives of members, employees, and citizens in the communities served by Oregon Community Credit Union and its subsidiaries. The foundation disburses funds and fulfills charitable giving objectives by granting requests from non-profit organizations. The Occu Foundation focuses its charitable giving on initiatives that improve the lives of its members and the communities it serves, specifically in the areas of families, youth, community sustainability, and education. It supports organizations that share these same values, thereby contributing to the betterment of the community as a whole.
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Impact
July, 2024
Occu Foundation Inc plays a vital role in promoting, managing, and executing Oregon Community Credit Union's charitable activities. By disbursing funds and fulfilling philanthropic charitable giving goals, Occu Foundation Inc positively impacts the lives of its members and the communities it serves. Focusing on areas such as families, youth, community sustainability, and education, the foundation supports nonprofit organizations that work towards improving the well-being of individuals and communities. Through its dedication to philanthropy, Occu Foundation Inc plays a crucial role in enhancing the quality of life for both members and citizens in the communities served by Oregon Community Credit Union.
This information is meant to be a general summary of Occu 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: $6,302
- Gross Receipts: $910,506
Assets and Liabilities:
- Total Assets: $1,190,036
- Total Liabilities: $0
- Net Assets: $1,190,036
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Organization Details
Founding Year
2018
Phone
(541) 681-6062Principal Officer
John Schiffer
Main Address
2880 CHAD DRIVE, EUGENE, OR, 97408
NTEE Category
Code: T21 - Philanthropy
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