Otzen Family Foundation Inc
- Assets
- $3.2m
- Revenue
- $321.9k
- Investments
- $3.1m
- Employees
- 0
- Location
- Lake Geneva, WI
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 39-1919852
Organization Overview
Otzen Family Foundation Inc is located in Lake Geneva, WI. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Otzen Family 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 12/2021, Otzen Family Foundation Inc generated $321.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.7% each year . All expenses for the organization totaled $123.4k during the year ending 12/2021. While expenses have increased by 9.8% 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, Otzen Family Foundation Inc has awarded 194 individual grants totaling $513,733. 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 |
|---|---|---|---|
Lucy T Otzen Vice President/director | 0 | $0 | |
Karl G Otzen President/director | 0 | $0 | |
Leigh W Otzen Director | 0 | $0 | |
Liza E Gianares Director | 0 | $0 | |
Donald J Parker Jr Treasurer/manager | 0 | $0 | |
Judy Steininger Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,262 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $297,675 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $321,937 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,415 |
| Contributions, gifts, grants paid | $109,033 |
| Total expenses and disbursements | $123,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $82,023 |
| 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 | $3,212,255 |
| 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, Otzen Family Foundation Inc has awarded $109,033 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Williams Bay, WI PURPOSE: PUBLIC CHARITY GIFT | $26,333 |
Key Largo, FL PURPOSE: PUBLIC CHARITY GIFT | $26,000 |
HOLIDAY HOME CAMP PURPOSE: PUBLIC CHARITY GIFT | $10,000 |
GEO WILLIAMS CAMPUS OF AURORA UNIVERSITY PURPOSE: PUBLIC CHARITY GIFT | $10,000 |
SHIRLEY RYAN ABILITY LAB PURPOSE: PUBLIC CHARITY GIFT | $3,000 |
Jackson, WY PURPOSE: PUBLIC CHARITY GIFT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |