Otto & Edna Neely Foundation
- Assets
- $16.4m
- Revenue
- $2.0m
- Investments
- $16.0m
- Employees
- 0
- Location
- Gilbert, AZ
- Founding
- 02/1988
- Data as of
- 12/2021
- EIN
- 86-0581770
Organization Overview
Otto & Edna Neely Foundation is located in Gilbert, AZ. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Otto & Edna Neely 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, Otto & Edna Neely Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Otto & Edna Neely Foundation has awarded 444 individual grants totaling $5,738,902. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEVOLENCE TO PROVIDE SHELTER TO THE INDIGENT.
SCHOLARSHIPS PAID DIRECTLY TO STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory L Bamford Director | 4 | $0 | |
Steven D Todd Director | 2 | $0 | |
Walter Delecki Director | 2 | $0 | |
John C Gemmill Director | 2 | $0 | |
Cliff Saylor President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $134 |
| Dividends & Interest | $188,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,820,222 |
| Capital Gain Net Income | $1,803,262 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,390 |
| Total Revenue | $2,007,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $123,485 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,312 |
| Depreciation | $0 |
| Occupancy | $31,093 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,486 |
| Total operating and administrative expenses | $318,491 |
| Contributions, gifts, grants paid | $838,650 |
| Total expenses and disbursements | $1,157,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,299 |
| Savings and temporary cash investments | $333,552 |
| 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 | $16,403,061 |
| 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, Otto & Edna Neely Foundation has awarded $838,650 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY PURPOSE: 2021 SCHOLARSHIPS | $66,000 |
Mesa, AZ PURPOSE: COMMUNITY SERVICE | $50,000 |
GILBERT HISTORICAL MUSEUM PURPOSE: SMALL CAPITAL DEVELOPMENT | $50,000 |
CAMPUS CHRISTIAN CENTER PURPOSE: SMALL CAPITAL DEVELOPMENT GRANT | $50,000 |
ARIZONA AGRICULTURE FOUNDATION FFA PURPOSE: EDUCATIONAL GRANT | $49,250 |
Mesa, AZ PURPOSE: COMMUNITY SERVICE GRANT | $33,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |