Albuquerque Oasis EIN 32-0081580

Albuquerque Oasis

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Enriches mature adults' lives with lifelong learning and service. For fiscal year 2024 it reported $709K in revenue, $764K in expenses, and $374K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Albuquerque, NM
Website
www.oasisabq.org
Filings
5 on file (2020–2024)
Revenue
$709KFY2024
Expenses
$764K
Net assets
$374K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  32-0081580 Public charity (501(c)(3)) Albuquerque, NM
Form 990 (PDF)
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Size
$100K–1M
What they do
Enriches mature adults' lives with lifelong learning and service.
Leadership
Scott Sharp · Executive Di · $90K
Money in and out
$709K revenue, $764K expenses
Bottom line
81% program efficiency
Where the money goes · FY2024
Total revenue
$709K
Pt VIII · Ln 12
Total expenses
$764K
Pt IX · Ln 25
Net assets
$374K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$55K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.14 Fundraising $0.04
Program efficiency
81%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
5.5mo
months of highly liquid reserves at operating expense rate▼ -19% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▲ +70% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$709K
FY2024▲ +21%
Expenses
$764K
FY2024▲ +3%
Total assets
$607K
FY2024▼ -12%
Total liabilities
$233K
FY2024▼ -22%
Total revenue
$709K
Pt VIII · Ln 12
Total expenses
$764K
Pt IX · Ln 25
Net assets
$374K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$55K
Total assetsPt X · Ln 16$607K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $621K of program spending, described in the organization's own filed words · FY2024.
01

2024 was a time of transition for albuquerque oasis. Kathleen raskob, who served as the executive director of oasis for nine years, retired opening the door for new leadership in the person of scott sharp.

$621Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlbuquerque Oasis
EINHdr · item D32-0081580
Principal addressHdr · item CAlbuquerque, NM
WebsiteHdr · item Jwww.oasisabq.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$89,732Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kathleen Raskob$80,382$88,269$93,108$79,692
Scott Sharp$89,732

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$354K · 50%
Program service revenue$343K · 48%
Investment income$8K · 1%
Contributions & grants50%$354K
Program service revenue48%$343K
Investment income1%$8K
Other revenue$3K
— government grantsLn 1e$135K
Total revenueLn 12$709K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.14 Fundraising $0.04
Program services81%$621K
Management & general14%$110K
Fundraising4%$34K
Total functional expensesLn 25$764K

Balance Sheet

Part X · end of year
CashLn 1$82K
Total assetsLn 16$607K
Total liabilitiesLn 26$233K
Total net assetsLn 32$374K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $347K · Operating expenses/yr $764K
5.5 months
Where the money goes
Program services
Program services $621K · Total expenses $764K
81%
Management & General
Management & general $110K · Total expenses $764K
14%
Fundraising
Fundraising $34K · Total expenses $764K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $227K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $354K · Total revenue $709K
50%
Government reliance
Government grants $135K · Total revenue $709K
19%
Earned-income share
Program service revenue $343K · Total revenue $709K
48%
Investment reliance
Investment income $8K · Total revenue $709K
+1%
Program self-sufficiency
Program service revenue $343K · Total expenses $764K
45%
Growth & trend
Revenue growth (YoY)
This year $709K · Prior year $586K
+21%
Revenue CAGR
FY2020 $573K · FY2024 $709K
+5%
Net-asset trend (YoY)
End of year $374K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $709K · Expenses $764K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $607K
Net-asset ratio
Net assets $374K · Total assets $607K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $265K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $607K
44%
People & payroll
Highest Reported Total Compensation
Individual Scott Sharp · Reported title EXECUTIVE DI · Highest reported compensation $90K · Total expenses $764K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $419K · Total expenses $764K
55%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 14%
Fundraising cost ratio 10%
Revenue growth 21%
Legal fee ratio <0.01%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$709K revenue · viewing · ⤓ 990 PDF
FY2023$586K revenue · ⤓ 990 PDF
FY2022$585K revenue · ⤓ 990 PDF
FY2021$718K revenue · ⤓ 990 PDF
FY2020$573K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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