Old Oaks Foundation INC

Tax-deductible

Purchase, NY501(c)(3)EIN 13-3277022Revenue $444K in FY2024

On file with the IRS3100 Purchase St, 10577-1619 · Purchase, NYTax-exempt since Apr 1986Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation was formed to make grants to organizations that qualify as exempt organizations under 501(c)(3) of the internal revenue service.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $20K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $45K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$444K
+13% vs prior year
Spent
$435K
To programs
93%
Net assets
$179K
By yearFY2020–FY2024
Revenue
$444K
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$280K
FY2021$368K
FY2022$471K
FY2023$392K
FY2024$444K
Expenses
$435K
FY2024▲ +66%
Tap a bar for its year
Expenses by fiscal year
FY2020$320K
FY2021$375K
FY2022$459K
FY2023$262K
FY2024$435K
Net assets
$179K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$37K
FY2021$29K
FY2022$41K
FY2023$170K
FY2024$179K

From the FY2024 Form 990 (year ending November 2024) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $403K Management & general 2% · $7K Fundraising 6% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Old Oaks Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards grants to eligible charitable organizations.

Questions for Old Oaks Foundation INC

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Provided by the organization

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1 program · $403K · in their own filed words · FY2023
01

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.

$403Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 121 grants · $1.6M · 2019–2023
WjcsNY · FY2023$11,000
White Plains Medical CenterNY · FY2023$11,000
Nicholas Center LtdNY · FY2023$11,000
The Glaucoma Foundation INCNY · FY2023$11,000
The Ehlers-Danlos SocietyNY · FY2023$11,000
Stand with USCA · FY2023$11,000
The Rye Arts Center INCNY · FY2023$11,000
Purchase Community INCNY · FY2023$11,000
Pediatric Cancer FoundationNY · FY2023$11,000
Our New Way Garden INCNY · FY2023$11,000
See all 121 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$444K
Ln 12
Gifts and grantsLn 1h$444K
Money outPt IX
$435K
Ln 25
Programscol B$403K
Managementcol C$7K
Fundraisingcol D$25K
Owns and owesPt X
$179K
net assets · Ln 32
Cash and savingsLn 1–2$179K
Total assetsLn 16$179K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$444K
Noncash giftsLn 1g$11K
Gains on assetsLn 7$0
Total revenueLn 12$444K
Assets in detailPt X, end of year
CashLn 1$179K
Cash and savings togetherLn 1–2$179K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$179K
LiabilitiesLn 26$0
Net assetsLn 32$179K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$170K$179K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$170K$179K
LiabilitiesLn 26$0$0
Net assetsLn 32$170K$179K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$403K$403K
Accounting feesLn 11c$7K$7K
Other expenses (24a–d)Ln 24$25K$25K
Total functional expensesLn 25$435K$403K$7K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $444K$435K$9K$179K 990 PDF
FY2023 $392K$262K$129K$170K 990 PDF
FY2022 $471K$459K$12K$41K 990 PDF
FY2021 $368K$375K−$8K$29K 990 PDF
FY2020 $280K$320K−$40K$37K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $443,638 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $391,608$443,638
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $391,608$443,638
I-13 Grants and similar amounts paidPrior year $247,000$403,207
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,232$31,691
I-18 Total expensesPrior year $262,232$434,898
I-19 Revenue less expensesPrior year $129,376$8,740
Part VI · Governance 2 of 2 board members independent, 2 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $443,638 across 5 lines filed
VIII-1f All other contributions, gifts and grants$443,638
VIII-1g Noncash contributions (included above)$11,106
VIII-1h Total contributions, gifts and grants$443,638
VIII-7 Net gain or loss on sales of assets$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$443,638
Part IX · Statement of functional expenses $434,898 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $403,207$403,207
IX-11c Accounting feesManagement $7,100$7,100
IX-24 Other expenses (24a–d)Fundraising $24,591$24,591
IX-25 Total functional expensesPrograms $403,207 · Management $7,100 · Fundraising $24,591$434,898
Part X · Balance sheet $179,195 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $170,455$179,195
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $170,455$179,195
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $45,455$54,195
X-28 Net assets with donor restrictionsStart of year $125,000$125,000
X-32 Total net assets or fund balancesStart of year $170,455$179,195
X-33 Total liabilities and net assetsStart of year $170,455$179,195
Part XI · Reconciliation of net assets $179,195 net assets at year end
XI-1 Total revenue$443,638
XI-2 Total expenses$434,898
XI-3 Revenue less expenses$8,740
XI-4 Net assets at start of year$170,455
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$179,195

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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