Ott Foundation Inc
- Assets
- $113.8k
- Revenue
- $50.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, IN
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3299645
Organization Overview
Ott Foundation Inc is located in Marion, IN. The organization was established in 2009. 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. Ott 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 12/2022, Ott Foundation Inc generated $50.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.6%) each year. All expenses for the organization totaled $96.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (24.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ott Foundation Inc has awarded 181 individual grants totaling $2,946,192. 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
RELIEF FOR THE POOR, DISTRESSED OR UNDERPRIVILEGED. ADVANCEMENT OF EDUCATION WHICH INCLUDE CONTRIBUTING TO EDUCATIONAL INSTITUTIONS FOR THE SUPPORT AND FURTHERANCE OF THE EDUCATIONAL INSTITUTION OR REWARDING OF SCHOLARSHIPS. SUPPORT OF RELIGIOUS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Ott President | 0 | $0 | |
Connie Ott Treasurer | 0 | $0 | |
Bradley Ott V-President | 0 | $0 | |
Ryan Ott Director | 0 | $0 | |
Amie Ott Director | 0 | $0 | |
Daniel Showalter Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $48,229 |
| Interest on Savings | $2,159 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,388 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,586 |
| Printing and publications | $0 |
| Other expenses | $204 |
| Total operating and administrative expenses | $5,480 |
| Contributions, gifts, grants paid | $90,703 |
| Total expenses and disbursements | $96,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,193 |
| Savings and temporary cash investments | $62,575 |
| 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 | $113,768 |
| 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, Ott Foundation Inc has awarded $90,703 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASSION INTERNATIONAL PURPOSE: CHILDREN SPONSORSHIP | $912 |
HANDS OF HOPE PURPOSE: SPONSORSHIP | $5,000 |
EFCA REACH GLOBAL PURPOSE: MINISTRY | $2,400 |
WELLSPRINGS OF FREEDOM PURPOSE: MINISTRY SUPPORT | $4,200 |
SPECIAL OLYMPICS PURPOSE: GENERAL SUPPORT | $175 |
FAMILY SERVICE SOCIETY INC PURPOSE: GENERAL SUPPORT | $5,000 |