Office Charity Foundation Corporation
- Assets
- $53.3k
- Revenue
- $392.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 08/2016
- Data as of
- 08/2023
- EIN
- 47-4714441
Organization Overview
Office Charity Foundation Corporation is located in Gaithersburg, MD. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Office Charity Foundation Corporation 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 08/2023, Office Charity Foundation Corporation generated $392.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $368.9k during the year ending 08/2023. While expenses have increased by 20.5% per year over the past 4 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 2020, Office Charity Foundation Corporation has awarded 19 individual grants totaling $664,070. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT ORGANIZATION THAT HELPS CHILDREN IN FOSTER CARE
TO SUPPORT NEEDY FAMILIES WITH VARIOUS HARDSHIPS, STRICTLY VETTED BY BOARD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Bohrer Director | 1 | $0 | |
Donald Allen Bohrer Jr Director | 1 | $0 | |
Steve Fogle Director | 1 | $0 | |
Brian Kline Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $68,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $323,723 |
| Total Revenue | $391,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104,232 |
| Total operating and administrative expenses | $105,152 |
| Contributions, gifts, grants paid | $263,775 |
| Total expenses and disbursements | $368,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,294 |
| Savings and temporary cash investments | $0 |
| 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 | $53,294 |
| 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, Office Charity Foundation Corporation has awarded $263,775 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTOPHER HIPP PURPOSE: SUPPORT FAMILY WITH MEDICAL EXPENSES FOR CHILD WITH BIRTH DEFECTS | $64,000 |
COMFORT CASES PURPOSE: SUPPORT ORGANIZATION HELPING CHILDREN IN FOSTER CARE | $1,000 |
KATHLEEN HEISTER PURPOSE: SUPPORT FAMILY WITH MEDICAL/FUNERAL EXPENSES FOR SICK FAMILY MEMBER | $42,650 |
NATALIE MALHOTRA PURPOSE: SUPPORT NEEDY FAMILY WITH DEATH OF FATHER, TO COVER CHILDREN'S EDUCATION | $20,000 |
MODESTO GALLARDO PURPOSE: SUPPORT NEEDY FAMILY WITH SICK CHILD, TO COVER MEDICAL BILLS. | $45,375 |
JOSHUA GREGG PURPOSE: SUPPORT OF NEEDY FAMILY | $45,375 |