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Orem Foundation EIN 80-0829931

Orem Foundation

EIN  80-0829931 Public charity (501(c)(3)) Los Angeles, CA
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Size
<$100K
What they do
A human services nonprofit based in Los Angeles, CA. It reported about $123 in revenue for 2023.
Leadership
Enrique Otarola · President
Money in and out
$123 revenue
Bottom line
—

A human services nonprofit based in Los Angeles, CA. It reported about $123 in revenue for 2023. For fiscal year 2023 it reported $123 in revenue, — in expenses, and $123 in net assets.Pt I

Where the money goes · FY2023
Total revenue
$123
Pt VIII · Ln 12
Total expenses
—
Pt IX · Ln 25
Net assets
$123
Pt X · Ln 32
Donor-funded
100%
of revenue is gifts & grants0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$123
FY2023▼ -86%
Total revenue
$123
Pt VIII · Ln 12
Total expenses
—
Pt IX · Ln 25
Net assets
$123
Pt X · Ln 32
Revenue less expensesPt I · Ln 19—
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COrem Foundation
EINHdr · item D80-0829931
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFMar 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$123
Total revenueLn 12$123

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$-123
Total net assetsLn 32$123

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr —
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $123 · Total revenue $123
100%
Government reliance
not reported
Earned-income share
Program service revenue — · Total revenue $123
—
Investment reliance
Investment income — · Total revenue $123
—
Program self-sufficiency
Program service revenue — · Total expenses —
Rests on the self-reported EZ program figure
Growth & trend
Revenue growth (YoY)
This year $123 · Prior year $895
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $123 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $123 · Expenses —
—
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $123 · Total assets $0
—
People & payroll
Highest Reported Total Compensation
Individual Enrique Otarola · Reported title President · Highest reported compensation $0 · Total expenses —
Total expenses not reported — showing dollar figure only
Personnel share
Salaries & benefits — · Total expenses —
Form 990-EZ bundles compensation — not comparable to full-990 filers
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -86%——

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.

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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
FY2023 (Latest)$123 revenue · viewing · ⤓ 990 PDF
FY2022not on file
FY2021$895 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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