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Michael A Obannon Foundation is a private trust based in LAS VEGAS, NV. The foundation received its IRS ruling in 1995. It holds total assets of $4.3M. Annual income is reported at $817K. Total assets have decreased from $6.9M in 2011 to $4.3M in 2023. The foundation is governed by 4 officers and trustees. Expenses (overhead) that are related to the direct costs incurred in conducting the Foundation's charitable activities. Pg.1,Ln.24,col.d. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Nebraska and Nevada. According to available records, Michael A Obannon Foundation has made 50 grants totaling $1.4M, with a median grant of $10K. Annual giving has grown from $386K in 2020 to $731K in 2022. Individual grants have ranged from $5K to $335K, with an average award of $63K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Arizona, Nevada, Nebraska, which account for 84% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$30K
Average Grant
$55K
Largest Grant
$186K
Based on 7 grants from the most recent 990-PF filing.
Expenses (overhead) that are related to the direct costs incurred in conducting the Foundation's charitable activities. Pg.1,Ln.24,col.d
Expenses: $60K
Expenses (overhead) that are related to the direct costs incurred in conducting the Foundation's charitable activities. Pg.1,Ln.24,col.d. Based on available records, the foundation has funded 50 grants. Its grantmaking reaches organizations primarily in AZ, NV, NE.
Michael A Obannon Foundation has distributed a total of $1.4M across 50 grants. The median grant size is $10K, with an average of $63K. Individual grants have ranged from $5K to $335K.
Michael A Obannon Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael A Obannon Foundation is headquartered in LAS VEGAS, NV. While based in NV, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kay F Alchu Exectstee | Invest. Mgr. | $33K | $0 | $33K |
| Paula Egea | Office Mgr. | $10K | $0 | $10K |
| Dorothy Flott | Trustee | $2K | $0 | $2K |
| Mark Mcelroy | Trustee | $2K | $0 | $2K |
Total Giving
$588K
Total Assets
$4.3M
Fair Market Value
$11.6M
Net Worth
$4.3M
Grants Paid
$465K
Contributions
N/A
Net Investment Income
$331K
Distribution Amount
$572K
Total: $4.1M
Total Grants
50
Total Giving
$1.4M
Average Grant
$63K
Median Grant
$10K
Unique Recipients
9
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mayo Clinic FoundationMEDICALResearch | Scottsdale, AZ | $335K | 2022 |
| Nebraska Humane SocietyAnimal shelter,treatment &education | Omaha, NE | $15K | 2022 |
| Girl Scouts Of Southern Nveducation andlife skills forchildren | Las Vegas, NV | $5K | 2022 |
| Children'S Guild So NvHousing & care of at riskchildren | Las Vegas, NV | $5K | 2022 |
| Gilcrease Nature SanctuarySHELTER & Care ofWILDLIFE | Las Vegas, NV | $5K | 2022 |
| Best Friends Animal SocietyAnimalprotection andcare | Kanab, UT | — | 2022 |
| Nebraska Wild Life RefugeWild Liferefuge | Omah, NE | — | 2022 |
| Johns Hopkins(Wilmer Eye Inst)MEDICAL RESEARCHAND TREATMENT | Baltimore, MD | — | 2022 |
| Foundt'N-Independent TomorrowVocational TrainingEducation assistancefor disadvantaged | Las Vegas, NV | — | 2022 |
| Shade Tree ShelterBattered children'sshelter | Las Vegas, NV | — | 2022 |
| Three Square Food BankFOOD BANK | Las Vegas, NV | — | 2022 |
| Siena Francis HouseHomeless;shelter &food | Omaha, NE | $10K | 2021 |
| Nebraska Heartland Food BankFood Bankfor those in need | Omaha, NE | — | 2021 |
| Omaha Schools Foundationeducation ofchildren | Omaha, NE | — | 2021 |
| Open Door MissionHomeless; shelter &food | Omaha, NE | — | 2021 |