Thomas F And Carol M Obrecht Family Foundation
- Assets
- $137.6k
- Revenue
- $53.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Owings Mills, MD
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 06-1783686
Organization Overview
Thomas F And Carol M Obrecht Family Foundation is located in Owings Mills, MD. The organization was established in 2006. 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. Thomas F And Carol M Obrecht Family 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 12/2022, Thomas F And Carol M Obrecht Family Foundation generated $53.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $18.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas F And Carol M Obrecht Family Foundation has awarded 61 individual grants totaling $117,860. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRIMARY PURPOSE AND ACTIVITY IS TO MAKE CONTRIBUTIONS TO ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)3 OF THE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F Obrecht Trustee | 0.5 | $0 | |
Carol M Obrecht Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,428 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $411 |
| Capital Gain Net Income | $411 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,839 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,039 |
| Contributions, gifts, grants paid | $16,850 |
| Total expenses and disbursements | $18,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $137,563 |
| 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 | $137,563 |
| 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, Thomas F And Carol M Obrecht Family Foundation has awarded $16,850 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHESAPEAKE BAY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $250 |
GARRISON FOREST SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
BETHANY BEACH VOL FIRE DEPT PURPOSE: GENERAL OPERATING SUPPORT | $150 |
GILMAN SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |
SANTA'S HELPERS INC PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
THE BALTIMORE MUSEUM OF ART PURPOSE: GENERAL OPERATING SUPPORT | $300 |