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Nonprofiteer
← OLD OAKS FOUNDATION INC

Form 990 for tax year 2022

Filed by OLD OAKS FOUNDATION INC.

Totals

Total revenue
$391,608
Total expenses
$262,232
Contributions and grants received
$391,608
Grants paid
$247,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$170,455
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$170,455
Program services expenses (Part IX)
$247,000
Management and general expenses
$15,232
Fundraising expenses
$0
Program service expenses (Part III)
$247,000

Program services were 94.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $391,608

  • 1g · Noncash contributions included above

    $2,784

  • 7a · Gross sales of assets other than inventory

    securities $2,784

  • 7b · Less cost or other basis and sales expenses

    securities $2,784

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $247,000 · program services $247,000

  • 11c · Fees: accounting

    total $8,575 · management and general $8,575

  • 13 · Office expenses

    total $6,657 · management and general $6,657

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,079 · end of year $170,455

  • 10a · Land, buildings and equipment: cost or other basis

    $97,045

  • 10b · Land, buildings and equipment: accumulated depreciation

    $97,045

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $41,079 · end of year $45,455

  • 28 · Net assets with donor restrictions

    end of year $125,000

Mission and programs · 2022

Mission

THE OLD OAKS FOUNDATION, INC. (THE "FOUNDATION") WAS FORMED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF GRANTS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

THE CORPORATION WAS FORMED TO MAKE GRANTS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE INTERNAL REVENUE SERVICE.

  • THE OLD OAKS FOUNDATION, INC. (THE "FOUNDATION") WAS FORMED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF GRANTS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.

    Expenses $247,000 · Grants $247,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jonathan Sack

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Stuart Alper

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
4 October 2024
IRS schema version
2022v5.0
Source object
202432789349300028

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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