Ortner Family Foundation
- Assets
- $24.3m
- Revenue
- $1.0m
- Investments
- $23.2m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 47-5662226
Organization Overview
Ortner Family Foundation is located in Mclean, VA. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ortner Family 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, Ortner Family Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ortner Family Foundation has awarded 40 individual grants totaling $4,425,042. 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 |
|---|---|---|---|
Michael Ortner President | 2 | $0 | |
Elizabeth Ortner Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $664,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $376,541 |
| Capital Gain Net Income | $376,541 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,041,301 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $60,080 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,247 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,926 |
| Printing and publications | $0 |
| Other expenses | $16,500 |
| Total operating and administrative expenses | $357,262 |
| Contributions, gifts, grants paid | $1,654,450 |
| Total expenses and disbursements | $2,011,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,495 |
| 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 | $2,059,866 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000,000 |
| Total assets | $24,267,087 |
| 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 | $4,998 |
| Total liabilities | $4,998 |
Grants Awarded
Over the last fiscal year, Ortner Family Foundation has awarded $1,654,450 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Falls Church, VA PURPOSE: GENERAL PURPOSE | $500,000 |
ST JEROME INSTITUTE PURPOSE: GENERAL PURPOSE | $433,750 |
THOMISTIC INSTITUTE PURPOSE: GENERAL PURPOSE | $250,000 |
RELIGIOUS FREEDOM INSTITUTE PURPOSE: GENERAL PURPOSE | $108,500 |
Stillwater, MN PURPOSE: GENERAL PURPOSE | $100,000 |
THE INSTITUTE FOR CATHOLIC LIBERAL EDUCATION PURPOSE: GENERAL PURPOSE | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |