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Nonprofiteer
← OAK TREE FOUNDATION INC

Form 990 for tax year 2023

Filed by OAK TREE FOUNDATION INC.

Totals

Total revenue
$2,598,579
Total expenses
$1,849,775
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,452,654
Investment income
$145,281
Other revenue
$644
Total assets, end of year
$29,709,289
Total liabilities, end of year
$29,303,302
Net assets or fund balances, end of year
$405,987
Program services expenses (Part IX)
$1,827,375
Management and general expenses
$22,400
Fundraising expenses
$0
Program service expenses (Part III)
$1,827,375

Program services were 98.8% 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.

  • 2a · Program service revenue: BUILDING RENT

    total $2,452,654 · related or exempt $2,452,654

  • 3 · Investment income

    total $145,281 · excluded $145,281

  • 11a · Other revenue: OTHER REVENUE

    total $644 · related or exempt $644

  • 11e · Other revenue, total

    $644

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $22,400 · management and general $22,400

  • 11f · Fees: investment management

    total $15,864 · program services $15,864

  • 11g · Fees: other

    total $5,500 · program services $5,500

  • 20 · Interest

    total $771,672 · program services $771,672

  • 22 · Depreciation, depletion and amortization

    total $538,681 · program services $538,681

  • 23 · Insurance

    total $22,364 · program services $22,364

  • 24a · Other expenses: LAND LEASE

    total $471,882 · program services $471,882

  • 24b · Other expenses: OTHER EXPENSES

    total $1,412 · program services $1,412

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $734,167 · end of year $1,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,008,261 · end of year $1,931,763

  • 4 · Accounts receivable

    beginning of year $2,271,187 · end of year $2,220,117

  • 9 · Prepaid expenses and deferred charges

    end of year $21,510

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

    $29,297,041

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

    $9,873,615

  • 10c · Land, buildings and equipment, net

    beginning of year $19,889,596 · end of year $19,423,426

  • 11 · Investments: publicly traded securities

    beginning of year $2,780,136 · end of year $3,420,012

  • 14 · Intangible assets

    beginning of year $131,926 · end of year $126,312

  • 15 · Other assets

    beginning of year $2,731,107 · end of year $2,565,149

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,663

  • 19 · Deferred revenue

    beginning of year $548

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,893,106 · end of year $19,743,001

  • 25 · Other liabilities

    beginning of year $9,413,931 · end of year $9,560,301

  • 27 · Net assets without donor restrictions

    beginning of year -$792,868 · end of year $405,987

Mission and programs · 2023

Mission

SUPPORT PACIFIC UNIVERSITY BY MAKING DISTRIBUTIONS TO THE UNIVERSITY, OR FURNISHING SERVICES OR FACILITIES TO THE UNIVERSITY, AND ASSIST IT IN PROVIDING ON-CAMPUS OR OFF-CAMPUS HOUSING, AND PARKING FOR ITS STUDENTS.

Activities or mission (Part I)

SUPPORT PACIFIC UNIVERSITY BY PROVIDING ON-CAMPUS HOUSING, PARKING, AND FACILITIES.

  • SUPPORT PACIFIC UNIVERSITY BY PROVIDING ON-CAMPUS HOUSING, PARKING AND FACILITIES.

    Expenses $1,827,375 · Revenue $2,452,654

As filed on the 2023 return.

Listed in Part VII

  • Skyler Erben

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mark Denney

    TREASURER/SE

    Total calculated
    $0
    Hours/week
    4 + 40 related

  • John Hayes

    PAST TREASRU

    Total calculated
    $0
    Hours/week
    1

  • Brandon Gatke

    PAST SECRETA

    Total calculated
    $233,647
    From this org
    $0
    From related orgs
    $180,887
    Other
    $52,760
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $180,887 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $52,760 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $233,647 related

  • Kevin White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Graham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tige Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gene Zurbrugg

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
2 July 2025
IRS schema version
2023v6.0
Source object
202541959349300794

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