Nicholas B Ottaway Foundation Inc
- Assets
- $10.4m
- Revenue
- $642.2k
- Investments
- $9.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1969
- Data as of
- 05/2024
- EIN
- 14-1505939
Organization Overview
Nicholas B Ottaway Foundation Inc is located in New York, NY. The organization was established in 1969. 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. Nicholas B Ottaway 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 05/2024, Nicholas B Ottaway Foundation Inc generated $642.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $701.4k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nicholas B Ottaway Foundation Inc has awarded 164 individual grants totaling $3,283,522. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
ORGANIZED AN EDUCATION SYMPOSIUM FOR GRANTEES TO DISCUSS SUCCESSES AND CHALLENGES OF EDUCATIONAL PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher H Ottaway Board Member | 1 | $0 | |
David B Ottaway Board Member | 1 | $0 | |
Marina S Ottaway Board Member | 2 | $0 | |
Alexandra Ottaway Board Member | 1 | $0 | |
Robin H Ottaway Board Member | 1 | $0 | |
Christine Sherer Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $271,261 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $350,680 |
| Capital Gain Net Income | $350,680 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $247 |
| Total Revenue | $642,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,730 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,301 |
| Total operating and administrative expenses | $67,310 |
| Contributions, gifts, grants paid | $634,100 |
| Total expenses and disbursements | $701,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $479,502 |
| 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 | $385,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,398,082 |
| 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, Nicholas B Ottaway Foundation Inc has awarded $634,100 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
CARROLL CENTER FOR THE BLIND PURPOSE: PROGRAM SUPPORT | $22,000 |
URBAN ARTS PURPOSE: PROGRAM SUPPORT | $15,000 |
PERKINS SCHOOL FOR THE BLIND PURPOSE: PROGRAM SUPPORT | $28,000 |
FUND FOR INVESTIGATIVE JOURNALISM PURPOSE: PROGRAM SUPPORT | $25,000 |
READING TEAM INC PURPOSE: PROGRAM SUPPORT | $20,000 |
COMMITTEE TO PROTECT JOURNALISM PURPOSE: PROGRAM SUPPORT | $20,000 |