Ottosen Foundation
- Assets
- $9.5m
- Revenue
- $375.5k
- Investments
- $9.4m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 03/1995
- Data as of
- 12/2022
- EIN
- 86-0778785
Organization Overview
Ottosen Foundation is located in Phoenix, AZ. The organization was established in 1995. 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. Ottosen 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 12/2022, Ottosen Foundation generated $375.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $767.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ottosen Foundation has awarded 69 individual grants totaling $2,794,015. 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 |
|---|---|---|---|
Barbara J Ottosen President | 5 | $0 | |
Pamela Lynn Perry Secretary | 1 | $0 | |
Donald R Ottosen Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,465 |
| Dividends & Interest | $291,244 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,760 |
| Capital Gain Net Income | $62,110 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $375,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,442 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,092 |
| Contributions, gifts, grants paid | $756,300 |
| Total expenses and disbursements | $767,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,829 |
| 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 | $9,382,125 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,514,954 |
| 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, Ottosen Foundation has awarded $756,300 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BALLET ARIZONA PURPOSE: PROGRAM SUPPORT | $25,000 |
THE SALVATION ARMY PURPOSE: PROGRAM SUPPORT | $25,000 |
ST VINCENT DE PAUL SOCIETY PURPOSE: PROGRAM SUPPORT | $35,000 |
ST MARY'S FOOD BANK PURPOSE: PROGRAM SUPPORT | $35,000 |
ROSIE'S HOUSE PURPOSE: PROGRAM SUPPORT | $25,000 |
COLUMBINE GARDEN CLUB PURPOSE: PROGRAM SUPPORT | $300 |