Nonprofit · EIN 93-0910219
OBA EDUCATION FOUNDATION
Tax-exempt · SALEM, OR 97309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $99,264 | $94,088 | $5,176 | $1,600,095 | $86,945 | $1,513,150 |
| December 31, 2023 | 990 | $105,395 | $162,987 | -$57,592 | $1,464,871 | $105,218 | $1,359,653 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $58,351
- Program service revenue
- $0
- Investment income
- $33,530
- Net income from fundraising events
- $7,383
- Other revenue
- $7,383
Expenses
- Grants and similar amounts paid
- $57,833
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,684
- Travel
- $269
- Program services (functional)
- $64,465
- Management and general (functional)
- $29,623
Balance sheet and other
- Total assets, start of year
- $1,464,871
- Total assets, end of year
- $1,600,095
- Total liabilities, end of year
- $86,945
- Net assets, end of year
- $1,513,150
- Publicly traded securities
- $1,365,053
- Net assets without donor restrictions
- -$81,028
- Net assets with donor restrictions
- $1,594,178
- Gross receipts
- $99,264
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1985
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD E BROWN | Chair Trustee or director, Officer | 1 | $0 |
| BECKY TYMCHUK | Director Trustee or director | 1 | $0 |
| STUART B ALLEN | Director Trustee or director | 1 | $0 |
| GORDON ZIMMERMAN | EX-OFFICIO DIR Trustee or director | 1 | $0 |
| LISA M FAJARDO-FAUST | Director Trustee or director | 1 | $0 |
| CHRIS KARLIN | Director Trustee or director | 1 | $0 |
| LINDA W NAVARRO | Director Trustee or director | 1 | $0 |
| NEAL MCLAUGHLIN | Director Trustee or director | 1 | $0 |
| SCOTT BRUUN | SECRETARY/TREAS Trustee or director, Officer | 1 | $0 |
| JOAN REUKAUF | Director Trustee or director | 1 | $0 |
| JOHN R HANCOCK | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| ELISE BOUNEFF | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD E BROWN | Chair Trustee or director, Officer | 1 | $0 |
| BECKY TYMCHUK | Director Trustee or director | 1 | $0 |
| STUART B ALLEN | Director Trustee or director | 1 | $0 |
| GORDON ZIMMERMAN | EX-OFFICIO DIR Trustee or director | 1 | $0 |
| LISA M FAJARDO-FAUST | Director Trustee or director | 1 | $0 |
| CHRIS KARLIN | Director Trustee or director | 1 | $0 |
| LINDA W NAVARRO | SECRETARY-TREAS Trustee or director, Officer | 1 | $0 |
| JEFF SUMPTER | Director Trustee or director | 1 | $0 |
| JOAN REUKAUF | Director Trustee or director | 1 | $0 |
| JOHN R HANCOCK | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| ELISE BOUNEFF | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 13429, SALEM, OR 97309-1429
- Mailing address (990-N for 2012)
- PO Box 13429, Salem OR 97309
- Principal officer (990 for 2024)
- SCOTT BRUUN, PO BOX 13429, SALEM, OR 97309
- Principal officer (990-N for 2012)
- Linda Navarro, PO Box 13429, Salem OR 97309
- Signed the 990
- SCOTT BRUUN, SECRETARY/TREAS
- Phone
- (503) 581-3522
- Return prepared by
- MICHELLE A PECORA CPA PC
Mission
The OBA Education Foundation's overall mission is education. The Foundation seeks to explore and enhance educational opportunities for individuals in areas of banking, public and private finance, financial literacy, business, financial planning and other related subjects.
Program accomplishments
- THE OBA EDUCATION FOUNDATION FOCUSED ON ENHANCING FINANCIAL LITERACY IN OREGON AND DEVELOPING FUTURE GENERATIONS OF OREGON BANKERS. CONTRIBUTIONS TO THE OBA EDUCATION FOUNDATION HELPED SUPPORT THE FOLLOWING INITIATIVES IN 2024: PARTNERED WITH OREGON STATE UNIVERSITY, UNIVERSITY OF OREGON AND EASTERN OREGON UNIVERSITY TO SUPPORT COMMERCIAL BANKING EDUCATION AND CAREER DEVELOPMENT. ENGAGED IN FINANCIAL EDUCATION PROGRAMS AND PROVIDED GRANTS TO ORGANIZATIONS SUCH AS FINANCIAL BEGINNINGS, SE WORKS BANKWORK$, FINABILITY AND OTHERS. PROMOTED FINANCIAL EDUCATION INITIATIVES LIKE FINANCIAL LITERACY MONTH, GET SMART ABOUT CREDIT DAY AND TEACH CHILDREN TO SAVE DAY.Expenses $64,465
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-0910219
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W60P)
- Assets (IRS master file)
- $1,600,095
- Income (IRS master file)
- $99,264
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $99,264 | $94,088 | $1,600,095 | XML |
| 990 | December 2023 | $105,395 | $162,987 | $1,464,871 | XML |
| 990 | December 2022 | $110,647 | $58,862 | $1,252,728 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Linda Navarro | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-0910219).
Questions about OBA EDUCATION FOUNDATION
- What is the EIN of OBA EDUCATION FOUNDATION?
- The employer identification number (EIN) of OBA EDUCATION FOUNDATION is 93-0910219.
- Is OBA EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to OBA EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OBA EDUCATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OBA EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OBA EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OBA EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names SCOTT BRUUN.
- Who are the officers and directors of OBA EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does OBA EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $99,264, expenses of $94,088 and total assets of $1,600,095 at year end.
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All nonprofits in SALEM · Oregon · Public and societal benefit