Oba Education Foundation in Salem, Oregon (OR)

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Oba Education Foundation
Employer Identification Number (EIN)930910219
Name of OrganizationOba Education Foundation
In Care of NameLinda Navarro
AddressPo Box 13429, Salem, OR 97309
ActivitiesOther business or professional group
SubsectionEducational Organization
Ruling Date12/1986
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$13,967
Amount of Income$52,790
Form 990 Revenue Amount$52,790
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Financial Institutions, Services (Non-Government Related)


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Amount of income in 2012: $52,790 (it was $52,790 in 2013)
Oba Education Foundation: 

 $52,790
Other organizations performing similar types of work: 

 $525,323

Assets in 2012: $13,967 (it was $13,967 in 2013)
This organization: 

 $13,967
Other organizations performing similar types of work: 

 $200,238

Expenses in 2013: $52,483
This organization: 

 $52,483
Other organizations performing similar types of work: 

 $425,349

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 99.9%
Oba Education Foundation: 

 99.9%
Other organizations performing similar types of work: 

 14.5%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$52,790
Contributions, gifts, grants, and similar amounts received$52,750
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$40
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$52,483
Total net assets$13,234
Excess/Deficit for the year$307
Net assets or fund balances at beginning of year$12,927
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$13,234
Balance Sheets
2013
Total assets$13,967
Total liabilities$733
Net assets or fund balances$13,234
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$52,750
Subtotal Support$52,750
Gifts, grants, contributions, and membership fees received$52,750
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$52,750
Public Support$52,750
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Graduate School Of Banking At Colorado, University Of Colorado3215 Marine St Ste W198 Ucb 411, Boulder, CO 80303-1287CO1961-11$2,062,607
2Center For Financial Training Western States Inc5310 Ward Rd Ste 211, Arvada, CO 80002-1829CO1983-02$525,323
3Oba Education FoundationPo Box 13429, Salem, OR 97309OR1986-12$52,790
4Financial Education Alliance Of Hawaii, Hawaii League Of Savings InstC/O Jennifer Mukai - 94-449 Ukee, Waipahu, HI 96797HI1983-12$26,227
Number of organizations performing similar types of work
Colorado2
Hawaii1
Oregon1
Total4

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