Overview
What is Friends Of Oasis?
Friends of Oasis is a nonprofit organization situated in Corona Del Mar, California, specifically at 801 Narcissus Ave. The primary mission of Friends of Oasis is to provide financial and volunteer support to the Newport Beach Oasis Senior Center. This center offers a variety of activities aimed at enriching the lives of seniors, including city activities, garden club, sailing club, friends activities, general gatherings, pancake breakfasts, and rummage sales. By offering this support, Friends of Oasis contributes to the organization's goal of enabling seniors to lead healthy, active, and productive lives.
Official website here: www.friendsofoasis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Friends Of Oasis has received a Three-Star rating from Charity Navigator with an overall score of 84%. This rating reflects strong performance in the Accountability & Finance category, particularly in areas such as having a fully independent board and a solid audit of financial statements. The organization has demonstrated good management of its assets, with a low liabilities to assets ratio of 2.35% and a program expense ratio of 73.01%, indicating that a significant portion of resources is directed towards its mission.
However, there are some notable limitations in the organization’s governance practices. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy raises concerns about transparency and accountability. Additionally, the failure to post the tax form on the nonprofit's website could hinder stakeholders' ability to access vital information.
Overall, while Friends Of Oasis shows a commitment to financial responsibility and effective governance through its independent board and strong program expense ratio, improvements in its policy framework are necessary to enhance its accountability and transparency further.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Oasis legitimate?
Friends Of Oasis is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Oasis 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: $122,753
For more financial information, click here
Official website here: www.friendsofoasis.org
What is the mission statement of Friends Of Oasis?
Friends of Oasis aims to support the Oasis Senior Center through both financial and volunteer contributions. Their mission is to facilitate opportunities for seniors to lead healthy, active, and productive lives. Beyond providing financial and volunteer assistance, Friends of Oasis also organizes various senior activities such as city outings, garden clubs, sailing clubs, social gatherings, and rummage sales, contributing to the overall well-being of the senior community.
Official website here: www.friendsofoasis.org
Who is the CEO of Friends Of Oasis?
Mike Zimmerman is the Principal Officer of Friends Of Oasis.
Official website here: www.friendsofoasis.org
What is the revenue of Friends Of Oasis?
Friends Of Oasis's revenue in 2022 was $499,930.
Official website here: www.friendsofoasis.org
Who are the executives of Friends Of Oasis and what are their salaries?
The average compensation at Friends Of Oasis during 2022 was $61,376. There are 2 employees and 200 volunteers at Friends Of Oasis.
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Official website here: www.friendsofoasis.org
Where can I find the form 990 for Friends Of Oasis?
Friends Of Oasis's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendsofoasis.org
Learn more at the official website: www.friendsofoasis.org
Mission Statement of Friends Of Oasis
Friends of Oasis, a dedicated organization, aims to provide both financial and volunteer support to the Oasis Senior Center. Their primary objective is to help seniors lead healthy, active, and productive lives. By offering their assistance, Friends of Oasis strives to enhance the opportunities available to the senior community, ensuring they can fully engage in various activities. In addition to their financial contributions, Friends of Oasis also organizes a variety of senior activities, such as city events, garden clubs, sailing clubs, social gatherings, and charity sales. These initiatives not only contribute to the overall well-being of the seniors but also foster a sense of community within the organization.
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Impact
July, 2024
Friends Of Oasis has a significant impact on the community by providing essential financial and volunteer support to the Oasis Senior Center in Corona Del Mar, CA. The organization's mission to help seniors live healthy, active, and productive lives is achieved through various activities such as city activities, gardening, sailing, gatherings, and fundraising events like pancake breakfasts and rummage sales. Friends Of Oasis plays a crucial role in enriching the lives of seniors and ensuring they have access to social, recreational, and educational opportunities to enhance their well-being.
This information is meant to be a general summary of Friends Of Oasis. 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: $25,754
- Program Service Revenue: $138,933
- Gross Receipts: $655,118
Assets and Liabilities:
- Total Assets: $1,589,100
- Total Liabilities: $24,816
- Net Assets: $1,564,284
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAVEL FEES
Revenue
$68,462
OASIS NEWSLETTER
Revenue
$44,341
DANCES
Revenue
$11,107
GENERAL MEETING
Revenue
$7,498
OTHER MISCELLANEOUS PR
Revenue
$4,750
Organization Details
Founding Year
1977
Phone
(949) 718-1800Principal Officer
Mike Zimmerman
Main Address
801 NARCISSUS AVE, CORONA DEL MAR, CA, 92625
Website
www.friendsofoasis.orgNTEE Category
Code: P81 - Human services
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