Oclo Inc
- Assets
- $44.6m
- Revenue
- $2.3m
- Investments
- $44.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2000
- Data as of
- 12/2020
- EIN
- 52-2171831
Organization Overview
Oclo Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Oclo 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 12/2020, Oclo Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Oclo Inc has awarded 34 individual grants totaling $4,039,350. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDEAS PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Gloznek Assistant Secretary | 0 | $0 | |
W Stern Director | 0 | $0 | |
R Kanner Director | 0 | $0 | |
S Wexner Pres, Secy, Treas, Dir | 0 | $0 | |
M Oberman Through 1019 Dec'd Director | 0 | $0 | |
G Levy Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $344 |
| Dividends & Interest | $1,066,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $732,595 |
| Capital Gain Net Income | $732,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $506,727 |
| Total Revenue | $2,305,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,087 |
| Taxes | $53,503 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $143,978 |
| Total operating and administrative expenses | $214,894 |
| Contributions, gifts, grants paid | $1,788,686 |
| Total expenses and disbursements | $2,003,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $118,966 |
| 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 | $44,444,202 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $44,563,168 |
| Accounts payable and accrued expenses | $164,130 |
| 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 | $164,130 |
Grants Awarded
Over the last fiscal year, Oclo Inc has awarded $2,250,664 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
IDEAS CHARITABLE PROGRAM PURPOSE: THE MISSION OF IDEAS IS TO STRENGTHEN, EMPOWER, AND ENSURE EXCELLENCE AND SUSTAINABILITY WITHIN THE JEWISH DAY SCHOOL SECTOR IN THE UNITED STATES. IDEAS WILL OPERATE AN 18-MONTH PILOT PROJECT FOR PARTICIPATING JEWISH DAY SCHOOLS IN THE UNITED STATES. THOSE SCHOOLS WILL WORK WITH EXPERTS ON CORE SUSTAINABILITY MARKERS (E.G., MARKETING, RECRUITMENT, RETENTION AND FUNDRAISING), RECEIVE MONTHLY COACHING AND GRANTS TO ENGAGE CONSULTANTS TO ENHANCE CORE SUSTAINABLITY AREAS THAT IMPACT THEIR SCHOOL. IN ADDITION, IN-PERSON PROFESSIONAL DEVELOPMENT SEMINARS WILL BE HELD WITH REPRESENTATIVES OF SCHOOL LEADERSHIP TO HELP BUILD THE LEADERSHIP AND SUSTAINABILITY SKILLS OF PARTICIPATING SCHOOLS. | $529,152 |
ASSOC OF JEWISH AGING SERVICES PURPOSE: FUNDING TO SUPPORT THE ORGANIZATION'S TELE-HEALTH SERVICES. | $400,000 |
Paramus, NJ PURPOSE: FUNDING TO SUPPORT THE ORGANIZATION'S EFFORTS TO COMBAT POVERTY AND HUNGER. | $362,242 |
Atlanta, GA PURPOSE: FUNDING TO SUPPORT THE ORGANIZATION'S RELIGIOUS EDUCATIONAL PROGRAMMING. | $243,381 |
New York, NY PURPOSE: FUNDING TO SUPPORT THE PURCHASE OF MEDICAL EQUIPMENT. | $199,750 |
New York, NY PURPOSE: FUNDING TO SUPPORT THE PURCHASE OF MEDICAL EQUIPMENT. | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |