Iott Family Foundation
- Assets
- $1.5m
- Revenue
- $135.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Monclova, OH
- Founding
- 06/1992
- Data as of
- 12/2022
- EIN
- 34-1695607
Organization Overview
Iott Family Foundation is located in Monclova, OH. 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. Iott Family 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 12/2022, Iott Family Foundation generated $135.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $310.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Iott Family Foundation has awarded 42 individual grants totaling $2,277,850. 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 |
|---|---|---|---|
Richard B Iott President/treasurer/chairm | 1 | $0 | |
Constance J Iott Vice President/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,948 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $93,809 |
| Capital Gain Net Income | $93,809 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,724 |
| Total Revenue | $135,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,711 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,700 |
| Total operating and administrative expenses | $79,717 |
| Contributions, gifts, grants paid | $230,750 |
| Total expenses and disbursements | $310,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,470 |
| 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 | $371,367 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,532,305 |
| 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, Iott Family Foundation has awarded $230,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL CATHOLIC HIGH SCHOOL PURPOSE: GENERAL FUND FOR CENTRAL CATHOLIC HIGH SCHOOL. | $50,000 |
HEALTH NETWORK FOUNDATION PURPOSE: GENERAL FUND FOR THE HEALTH NETWORK FOUNDATION. | $10,000 |
HISTORIC SOUTH INITIATIVE PURPOSE: GENERAL FUND FOR THE HISTORIC SOUTH INITIATIVE. | $20,000 |
THE SISTERS OF NOTRE DAME PURPOSE: GENERAL FUND FOR THE SISTERS OF NOTRE DAME. | $50,000 |
PREVENT BLINDNESS OF OHIO PURPOSE: GENERAL FUND FOR PREVENT BLINDNESS OF OHIO. | $750 |
TUNNEL TO TOWERS PURPOSE: /GENERAL FUND FOR TUNNEL TO TOWERS | $100,000 |