Otsego Community Foundation

Organization Overview

Otsego Community Foundation is located in Gaylord, MI. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Otsego Community Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otsego Community 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 12/2021, Otsego Community Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $507.2k during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Otsego Community Foundation has awarded 57 individual grants totaling $676,917. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ACTIVATE GENEROSITY FOR A STRONG COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DONOR CENTERED FUND MANAGEMENT-INCLUDES DONOR ADVISED, DESIGNATED, AGENCY, AND SCHOLARSHIP FUNDS. THE OCF WORKS WITH DONORS WHO WANT TO ENGAGE IN LOCAL PHILANTHROPY. WE HELP TO FIND PROJECTS AND PROGRAMS THAT ALIGN WITH THEIR OBJECTIVES AND DISTRIBUTE GRANTS ACCORDINGLY. FUNDS FOR THE COMMUNITY MANAGEMENT INCLUDES FIELD OF INTEREST AND UNRESTRICTED FUNDS. THE OCF WORKS TO AWARD GRANTS FROM THESE FUNDS TO MAKE THE MOST IMPACT ON THE EVER-CHANGING NEEDS AND OPPORTUNITIES TO ADVANCE THE COMMUNITY. 157 GRANTS IN TOTAL WERE AWARDED IN 2021.


100 WOMEN WHO CARE, A GIVING CIRCLE. BENEFITTED APPROXIMATELY 150 INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
Dana Bensinger
Executive Director
$45,533
Paul Hartmann
Chairperson
$0
James Camiller
Treasurer
$0
Cherie Nutter
Secretary
$0
Lisha Ramsdell
Vice Chairperson
$0
Bill Forreider
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$19,973
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$680,964
Noncash contributions included in lines 1a–1f $31,228
Total Revenue from Contributions, Gifts, Grants & Similar$700,937
Total Program Service Revenue$20,145
Investment income $337,231
Tax Exempt Bond Proceeds $0
Royalties $10,495
Net Rental Income $0
Net Gain/Loss on Asset Sales $64,237
Net Income from Fundraising Events $101,550
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,234,595

Grants Awarded

Over the last fiscal year, Otsego Community Foundation has awarded $163,304 in support to 13 organizations.

Grant RecipientAmount

GAYLORD COMMUNITY SCHOOLS

PURPOSE: STUDENT/EMPLOYEE HARDSHIP FUND

$49,676

OTSEGO COUNTY UNITED WAY

Org PageRecipient Profile

Gaylord, MI

PURPOSE: VIRTUAL TRAINING ON EQUITY

$15,100

OTSEGO COUNTY FOOD PANTRY

Org PageRecipient Profile

Gaylord, MI

PURPOSE: BACKPACK PROGRAM

$12,440

OTSEGO COUNTY SPORTSPLEX

PURPOSE: SWIM LESSONS

$12,388

THE KARING HOME YOUTH PROJECT

PURPOSE: CARE PACKAGE STOCKINGS

$11,900

WOMEN'S RESOURCE CENTER OF NORTHERN MICHIGAN INC

Org PageRecipient Profile

Petoskey, MI

PURPOSE: SUPPORTIVE SERVICES FOR ADULTS AND CHILDREN OF OTSEGO COUNTY

$11,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Otsego Community Foundation has recieved totaling $70,899.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$36,500
Hees Family Foundation

Knoxville, TN

PURPOSE: TORNADO RELIEF

$24,000
Council Of Michigan Foundations Inc

Grand Rapids, MI

PURPOSE: READINESS AND FEASIBILITY STUDY

$10,399
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,171,143
Earnings$860,996
Net Contributions$542,516
Grants$290,619
Ending Balance$6,284,036

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