Oedel Foundation
- Assets
- $0.0
- Revenue
- $61.5k
- Investments
- $0.0
- Employees
- 0
- Location
- N Andover, MA
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 04-6655524
Organization Overview
Oedel Foundation is located in N Andover, MA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Oedel Foundation 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 12/2023, Oedel Foundation generated $61.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Oedel Foundation has awarded 237 individual grants totaling $3,841,529. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herbert W Oedel Trustee | 1 | $0 | |
Virginia G Oedel Trustee | 1 | $0 | |
Diana Malcom Trustee | 1 | $0 | |
Richard H Oedel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,069 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $430 |
| Total operating and administrative expenses | $34,980 |
| Contributions, gifts, grants paid | $3,002,029 |
| Total expenses and disbursements | $3,037,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Oedel Foundation has awarded $3,002,029 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BREAD & ROSES PURPOSE: COMMUNITY & CHARITABLE | $14,195 |
CHRIST CHURCH - ANDOVER PURPOSE: RELIGIOUS | $1,334 |
GREATER LAWRENCE TECHNICAL SCHOOL PURPOSE: EDUCATIONAL | $700,000 |
HARVARD BUSINESS SCHOOL PURPOSE: EDUCATIONAL | $1,000 |
LAZARUS HOUSE PURPOSE: COMMUNITY & CHARITABLE | $3,000 |
MASSACHUSETTS INSTITUTE FOR TECHNOLOGY PURPOSE: EDUCATIONAL | $5,000 |