Otsego Public Schools Foundation

Organization Overview

Otsego Public Schools Foundation is located in Otsego, MI. The organization was established in 1988. 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. Otsego Public Schools 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 06/2023, Otsego Public Schools Foundation generated $337.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $288.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

OUR GOAL IS TO PROVIDE FINANCIAL SUPPORT FOR INNOVATIVE EDUCATIONAL PROGRAMS THAT WILL ENHANCE ACADEMIC EXCELLENCE AND AWARD SCHOLARSHIPS TO QUALIFIED STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS PROVIDED TO STUDENTS IN VARYING AMOUNTS


GRANTS PROVIDED TO SCHOOL CLASSROOMS AND OTHER EDUCATIONAL ENHANCEMENTS OF VARYING AMOUNTS


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Board, Officers & Key Employees

Name (title)Compensation
Larry Collier
Chairman
$0
Dan Bushouse
Secretary
$0
Cathi Deschaine
Treasurer
$0
Kathy Borgman
Trustee
$0
John Glessner
Trustee
$0
Barb Gulbranson
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$178,587
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$178,587
Total Program Service Revenue$0
Investment income $152,007
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $6,838
Miscellaneous Revenue$0
Total Revenue $337,432

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