Otsego Community Foundation
- Assets
- $10.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Gaylord, MI
- Founding
- 07/1995
- Data as of
- 12/2023
- EIN
- 38-3216235
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 12/2023, Otsego Community Foundation employed 5 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 12/2023, Otsego Community Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 30.8% per year over the past 8 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 86 individual grants totaling $2,701,457. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 ADVISED FUND MANAGEMENT. 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. 113 GRANTS WERE AWARDED FROM 19 DONOR ADVISED FUNDS.
SCHOLARSHIPS FOR HIGHER EDUCATION. MANAGING A COMPETITIVE SCHOLARSHIP PROCESS INCLUDING SIXTEEN UNIQUE SCHOLARSHIP FUNDS. 27 SCOLARSHIPS WERE PROVIDED IN 2023.
THE TORNADO RESPONSE FUND (TRF) OF THE OTSEGO COMMUNITY FOUNDATION (OCF) WAS ESTABLISHED TO PROVIDE A CENTRALIZED OPPORTUNITY FOR DONORS TO INVEST IN DISASTER RELIEF EFFORTS AND A SUPPORT MECHANISM FOR NONPROFIT ORGANIZATIONS RESPONDING TO THE CRISIS. OUR GOAL IS TO WORK COLLABORATIVELY WITH THE NONPROFIT, GOVERNMENT, PHILANTHROPIC AND PRIVATE SECTORS TO ACCELERATE RECOVERY FOR A THRIVING, RESILIENT, AND EVEN STRONGER GAYLORD. THE TRF AWARDS GRANTS TO ORGANIZATIONS THAT ARE ADDRESSING IMMEDIATE RELIEF, SHORT-TERM RECOVERY, AND LONG-TERM REBUILDING. OUR LOCAL NONPROFITS CONTINUE TO DEMONSTRATE INCREDIBLE RESILIENCE, INGENUITY, AND TENACITY AS THEY INCREASE AND ADAPT THEIR PROGRAMS TO MEET THE NEEDS HEIGHTENED BY THE TORNADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Bensinger Executive Director | OfficerTrustee | 32 | $59,652 |
Brian Switalski Vice Chairperson | OfficerTrustee | 1 | $0 |
James Camiller Treasurer | OfficerTrustee | 1 | $0 |
Cherie Nutter Chairperson | OfficerTrustee | 1 | $0 |
Justine Hees Secretary | OfficerTrustee | 1 | $0 |
Steve Hutchison Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,594 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,523,594 |
| Noncash contributions included in lines 1a–1f | $788,334 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,537,188 |
| Total Program Service Revenue | $40,368 |
| Investment income | $261,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $495,929 |
| Net Income from Fundraising Events | $192,831 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,528,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,707,770 |
| Grants and other assistance to domestic individuals. | $25,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,652 |
| Compensation of current officers, directors, key employees. | $11,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,600 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,220 |
| Office expenses | $0 |
| Information technology | $673 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $3,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,854 |
| All other expenses | $10,421 |
| Total functional expenses | $2,124,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,325 |
| Savings and temporary cash investments | $644,335 |
| Pledges and grants receivable | $801,686 |
| Accounts receivable, net | $3,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,696,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,393 |
| Total assets | $10,476,929 |
| Accounts payable and accrued expenses | $63 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,337,656 |
| Total liabilities | $1,362,719 |
| Net assets without donor restrictions | $197,866 |
| Net assets with donor restrictions | $8,916,344 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,476,929 |
Grants Awarded
Over the last fiscal year, Otsego Community Foundation has awarded $1,056,411 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
OTSEGO CHRISTIAN SCHOOL ASSOCIATION PURPOSE: BUILDING PROJECT | $617,247 |
OTSEGO-ANTRIM COUNTY HABITAT FOR HUMANITY PURPOSE: ARROWHEAD PROJECT | $185,868 |
HURON PINES PURPOSE: COMMUNITY TREE PLANTING PROJECT | $30,000 |
OTSEGO COUNTY UNITED WAY PURPOSE: GENERAL OPERATIONS | $109,250 |
GAYLORD COMMUNITY SCHOOLS PURPOSE: ADOPT A CLASSROOM GIS, NORTH OHIO, SOUTH MAPLE | $26,787 |
OTSEGO COUNTY SPORTSPLEX PURPOSE: SWIM LESSONS INVOICE 5860 | $20,580 |