Cultivate Optimum Opportunities For Learning Foundation Inc
- Assets
- $392.6k
- Revenue
- $60.3k
- Investments
- $344.8k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 20-5549550
Organization Overview
Cultivate Optimum Opportunities For Learning Foundation Inc is located in Naples, FL. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultivate Optimum Opportunities For Learning 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.
Since 2015, Cultivate Optimum Opportunities For Learning Foundation Inc has awarded 71 individual grants totaling $148,100. 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 |
|---|---|---|---|
Albert J Ritz Director, President | 0 | $0 | |
Ann Ritz Director, V.p., Secratary | 0 | $0 | |
Brian Ritz Director, V.p., Treasurer | 0 | $0 | |
Betsy Hendricks Director | 0 | $0 | |
Corrie Ritz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,959 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,201 |
| Capital Gain Net Income | $30,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,215 |
| Total Revenue | $60,280 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $240 |
| Depreciation | $516 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $431 |
| Printing and publications | $0 |
| Other expenses | $1,526 |
| Total operating and administrative expenses | $7,950 |
| Contributions, gifts, grants paid | $16,500 |
| Total expenses and disbursements | $24,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,724 |
| 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 | $70,939 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $392,573 |
| 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, Cultivate Optimum Opportunities For Learning Foundation Inc has awarded $16,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Scottsdale, AZ PURPOSE: DEFENDING THE CONSTITUTIONAL FREEDOMS | $5,000 |
Colorado Springs, CO PURPOSE: FAMILY EDUCATION | $4,000 |
FIRST BAPTIST ACADEMY - TU SCHOLARSHIP PURPOSE: RELIGIOUS | $3,000 |
AMERICAN CENTER FOR LAW AND JUSTICE PURPOSE: DEFENDING LIFE AND RELIGIOUS FREEDOM | $1,000 |
FL FAMILY POLICY COUNCIL PURPOSE: FAMILY EDUCATION | $1,000 |
IN RTL EDUCATION TR FUND PURPOSE: EDUCATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |