Otter Cove Foundation
- Assets
- $8.8m
- Revenue
- $1.1m
- Investments
- $8.2m
- Employees
- 0
- Location
- Carmel, CA
- Founding
- 10/1998
- Data as of
- 12/2021
- EIN
- 94-3287969
Organization Overview
Otter Cove Foundation is located in Carmel, CA. The organization was established in 1998. 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. Otter Cove 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, Otter Cove Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $300.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Otter Cove Foundation has awarded 59 individual grants totaling $3,041,500. 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 |
|---|---|---|---|
Gilan M Read Director/cfo | 25 | $55,000 | |
James P Read Jr President | 3 | $0 | |
Mark Plumley Secretary | 1 | $0 | |
Megan G Lindberg Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36 |
| Dividends & Interest | $1,110,576 |
| 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 | $0 |
| Total Revenue | $1,110,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,069 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,685 |
| Total operating and administrative expenses | $80,254 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $300,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $593,799 |
| 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 | $8,754,566 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20 |
Grants Awarded
Over the last fiscal year, Otter Cove Foundation has awarded $220,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THINK WILD PURPOSE: THINK WILD PROVIDES A WILDLIFE SUPPORT SYSTEM IN CENTRAL OREGON | $100,000 |
Carmel, CA PURPOSE: TO SUPPORT THE ADVANCEMENT OF EDUCATION | $50,000 |
Sacramento, CA PURPOSE: CONSERVATION OF RANGELAND IN CALIFORNIA | $40,000 |
CAL POLYTECHNIC STATE UNIVERSITY PURPOSE: TO SUPPORT ATHLETIC SCHOLARSHIP PROGRAM | $20,000 |
Orinda, CA PURPOSE: TO PROVIDE THERAPY FOR HANDICAPPED INDIVIDUALS THROUGH DIRECT INTERACTION WITH HORSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |