The OBA Education Foundation's overall mission is education. The Foundation seeks to explore and enhance educational opportunities for individuals in areas of banking, public and private finance, financial literacy, business, financial planning and other related subjects.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 11 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
4 of 5
filings with a surplus
Average surplus $8K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
29 mo
of spending, in cash
Plus $1.4M in investments, Pt X · Ln 11–13
Looks good: 29.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$87K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$99K
-6% vs prior year
Spent
$94K
To programs
69%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$99K
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$105K
FY2021$100K
FY2022$111K
FY2023$105K
FY2024$99K
Expenses
$94K
FY2024▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2020$93K
FY2021$72K
FY2022$59K
FY2023$163K
FY2024$94K
Net assets
$1.5M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.2M
FY2023$1.4M
FY2024$1.5M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

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

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $64K Management & general 31% · $30K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex-Officio Dir
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Oba Education Foundation 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

Enhances educational opportunities in banking, finance, and business subjects.

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Provided by the organization

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1 program · $64K · in their own filed words · FY2024
01

The oba education foundation focused on enhancing financial literacy in oregon and developing future generations of oregon bankers. Contributions to the oba education foundation helped support the following initiatives in 2024: partnered with oregon state university, university of oregon and eastern oregon university to support…

$64Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$11K
Grants paid · 7 grants · $262K · 2020–2024
FinabilityOR · FY2024$7,500
University of Oregon FndtnFY2023$100,000
University of PortlandOR · FY2023$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$99K
Ln 12
Gifts and grantsLn 1h$58K
Investment incomeLn 3$34K
Other incomeLn 4–11$7K
Money outPt IX
$94K
Ln 25
Programscol B$64K
Managementcol C$30K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$1.6M
LiabilitiesLn 26$87K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Investment incomeLn 3$34K
Other incomeLn 4–11$7K
Gains on assetsLn 7$0
Total revenueLn 12$99K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$229K
Cash and savings togetherLn 1–2$229K
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.6M
LiabilitiesLn 26$87K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$200K$229K
InvestmentsLn 11–13$1.3M$1.4M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$105K$87K
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$56K$56K
Grants to domestic individualsLn 2$2K$2K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$306$306
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$269$269
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$15K$4K$11K
All other expensesLn 24e$356$356
Total functional expensesLn 25$94K$64K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $99K$94K$5K$1.5M 990 PDF
FY2023 $105K$163K−$58K$1.4M 990 PDF
FY2022 $111K$59K$52K$1.2M 990 PDF
FY2021 $100K$72K$28K$1.4M 990 PDF
FY2020 $105K$93K$11K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $99,264 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,055$58,351
I-9 Program service revenue$0
I-10 Investment incomePrior year $25,574$33,530
I-11 Other revenuePrior year $7,766$7,383
I-12 Total revenuePrior year $105,395$99,264
I-13 Grants and similar amounts paidPrior year $122,250$57,833
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $40,737$36,255
I-18 Total expensesPrior year $162,987$94,088
I-19 Revenue less expensesPrior year −$57,592$5,176
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $99,264 across 8 lines filed
VIII-1f All other contributions, gifts and grants$58,351
VIII-1h Total contributions, gifts and grants$58,351
VIII-3 Investment incomeExcluded from tax $33,530$33,530
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $7,383$7,383
VIII-12 Total revenueExcluded from tax $40,913$99,264
Part IX · Statement of functional expenses $94,088 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $56,333$56,333
IX-2 Grants to domestic individualsPrograms $1,500$1,500
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $4,684$4,684
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $13,413$13,413
IX-11g Other fees for servicesPrograms $2,335$2,335
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $306$306
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $269$269
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $4,297 · Management $10,595$14,892
IX-24e All other expensesManagement $356$356
IX-25 Total functional expensesPrograms $64,465 · Management $29,623 · Fundraising $0$94,088
Part X · Balance sheet $1,600,095 assets, 20 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $199,776$229,069
X-3 Pledges and grants receivableStart of year $2,756$5,248
X-4 Accounts receivableStart of year $200$725
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,200$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,260,939$1,365,053
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,464,871$1,600,095
X-17 Accounts payable and accrued expensesStart of year $10,218$850
X-18 Grants payableStart of year $95,000$86,095
X-26 Total liabilitiesStart of year $105,218$86,945
X-27 Net assets without donor restrictionsStart of year −$73,385−$81,028
X-28 Net assets with donor restrictionsStart of year $1,433,038$1,594,178
X-32 Total net assets or fund balancesStart of year $1,359,653$1,513,150
X-33 Total liabilities and net assetsStart of year $1,464,871$1,600,095
Part XI · Reconciliation of net assets $1,513,150 net assets at year end
XI-1 Total revenue$99,264
XI-2 Total expenses$94,088
XI-3 Revenue less expenses$5,176
XI-4 Net assets at start of year$1,359,653
XI-5 Net unrealized gains (losses) on investments$148,321
XI-10 Net assets at end of year$1,513,150

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

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