Onstott Family Foundation Inc
- Assets
- $677.8k
- Revenue
- $96.3k
- Investments
- $594.5k
- Employees
- 0
- Location
- Springfield, TN
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 01-0799916
Organization Overview
Onstott Family Foundation Inc is located in Springfield, TN. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onstott Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Onstott Family Foundation Inc generated $96.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $68.1k during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas W Onstott President/director | 2 | $0 | |
Mary Dudley Onstott Sect./treas./director | 5 | $0 | |
Wilson Onstott Director | 1 | $0 | |
Laura Onstott Powell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,000 |
| Interest on Savings | $746 |
| Dividends & Interest | $28,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,087 |
| Capital Gain Net Income | $2,087 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $656 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,266 |
| Total operating and administrative expenses | $7,137 |
| Contributions, gifts, grants paid | $61,000 |
| Total expenses and disbursements | $68,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,811 |
| Savings and temporary cash investments | $74,265 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $64,557 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $202 |
| Total assets | $677,753 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Onstott Family Foundation Inc has awarded $61,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WILLOW OAK CENTER FOR ARTS & LEARNING PURPOSE: TO HELP SUPPORT THE MISSION OF PROVIDING EXPERIENCES IN THE ARTS AND HUMANITIES TO ALL PEOPLE. | $1,000 |
SPRINGFIELD BAPTIST CHURCH PURPOSE: DONATION TO RELIGIOUS INSTITUTION IN THE FURTHERANCE OF THE RELIGIOUS PURPOSES. | $60,000 |