Odonnell Foundation
- Assets
- $192.9k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 20-8766740
Organization Overview
Odonnell Foundation is located in Menlo Park, CA. The organization was established in 2007. 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. Odonnell 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, Odonnell Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $16.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Odonnell Foundation has awarded 71 individual grants totaling $18,456,000. 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 |
|---|---|---|---|
Robert G O'donnell President/director | 1 | $0 | |
Sue D O'donnell Secretary/treasurer/direct | 1 | $0 | |
Darrell W Baggs Director | 1 | $0 | |
Ann M Dolan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $253,820 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,422,587 |
| Capital Gain Net Income | $3,717,737 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,676,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100,000 |
| Depreciation | $0 |
| Occupancy | $43,680 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,737 |
| Total operating and administrative expenses | $153,917 |
| Contributions, gifts, grants paid | $16,000,000 |
| Total expenses and disbursements | $16,153,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $189,734 |
| 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 | $3,119 |
| Total assets | $192,853 |
| 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, Odonnell Foundation has awarded $16,000,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITYPATH PURPOSE: EDUCATION | $1,400,000 |
BOYS & GIRLS CLUB PURPOSE: CHARITABLE CONTRIBUTION | $1,000,000 |
EASTSIDE COLLEGE PREPARATORY SCHOOL PURPOSE: EDUCATION | $1,200,000 |
JOBTRAIN PURPOSE: EDUCATION | $1,300,000 |
NEW DOOR VENTURES PURPOSE: CHARITABLE CONTRIBUTION | $800,000 |
ST ELIZABETH SETON CATHOLIC SCHOOL PURPOSE: EDUCATION | $1,400,000 |