Oberkotter Foundation
- Assets
- $83.0m
- Revenue
- $23.0m
- Investments
- $68.1m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/1992
- Data as of
- 11/2022
- EIN
- 23-2686151
Organization Overview
Oberkotter Foundation is located in Philadelphia, PA. The organization was established in 1992. 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. Oberkotter 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 11/2022, Oberkotter Foundation generated $23.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $70.5m during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Oberkotter Foundation has awarded 694 individual grants totaling $342,991,008. 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
SUPPORT FAMILIES TO IMPROVE OUTCOMES FOR CHILDREN WHO ARE DEAF OR HARD OF HEARING THROUGH LISTENING AND SPOKEN LANGUAGE THROUGH HEARING FIRST
SUPPORT FOR STARTS HEAR PUBLIC AWARENESS CAMPAIGN ABOUT THE IMPORTANCE OF HEARING TO BRAIN DEVELOPMENT AND KNOWING THE STATUS OF A NEWBORN'S HEARING SCREENING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mildred L Oberkotter Trustee | 1 | $0 | |
Bruce Rosenfield Trustee And Executive Director | 40 | $400,000 | |
David Pierson Trustee | 10 | $50,000 | |
Lydia Denworth Trustee | 10 | $45,837 | |
Amy Newnam Associate Executive Director | 40 | $279,163 | |
Teresa Caraway Ceo, Hearing First | 40 | $356,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fivestone | 11/29/22 | $285,000 |
Haverford Trust Company | 11/29/22 | $191,793 |
Tailwind | 11/29/22 | $283,500 |
Kaleidoscope Training & Consulting | 11/29/22 | $139,800 |
Brown Brother Harriman & Co | 11/29/22 | $110,725 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,235,475 |
| Interest on Savings | $13,886 |
| Dividends & Interest | $2,385,888 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,281,992 |
| Capital Gain Net Income | $8,590,384 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,091,772 |
| Total Revenue | $23,009,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,131,500 |
| Other employee salaries and wages | $2,122,437 |
| Pension plans, employee benefits | $435,568 |
| Interest | $0 |
| Taxes | $120,300 |
| Depreciation | $0 |
| Occupancy | $153,388 |
| Travel, conferences, and meetings | $74,059 |
| Printing and publications | $0 |
| Other expenses | $3,246,745 |
| Total operating and administrative expenses | $8,896,684 |
| Contributions, gifts, grants paid | $61,584,972 |
| Total expenses and disbursements | $70,481,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,901,479 |
| 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 | $12,850 |
| Total assets | $83,021,123 |
| 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 | $12,595 |
| Total liabilities | $12,595 |
Grants Awarded
Over the last fiscal year, Oberkotter Foundation has awarded $61,584,972 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
AG BELL ASSOCIATION FOR THE DEAF AND HARD OF HEARING PURPOSE: LSL SUPPORT - CHILDREN AND FAMILIES | $1,567,000 |
ATLANTA SPEECH SCHOOL PURPOSE: LSL SUPPORT - CHILDREN AND FAMILIES | $2,000,000 |
AUDITORY ORAL SCHOOL OF NEW YORK PURPOSE: LSL SUPPORT - CHILDREN AND FAMILIES | $5,500,000 |
ALL EARS LISTENING & LANGUAGE CENTER PURPOSE: LSL SUPPORT - CHILDREN AND FAMILIES | $250,000 |
AUDITORY-VERBAL CENTER INC PURPOSE: LSL SUPPORT - CHILDREN AND FAMILIES | $500,000 |
BUFFALO HEARING & SPEECH CENTER PURPOSE: LSL SUPPORT - CHILDREN AND FAMILIES | $250,000 |