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 12/2022, Otter Cove Foundation generated $196.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $543.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Otter Cove Foundation has awarded 55 individual grants totaling $2,901,500. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James P Read Jr President | 3 | $0 | |
Mark Plumley Secretary | 1 | $0 | |
Megan G Lindberg Director | 3 | $0 | |
Gilan M Read Director/cfo | 25 | $55,000 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $291 |
Dividends & Interest | $659,176 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$463,042 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $196,425 |
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 | $22,865 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $1,766 |
Total operating and administrative expenses | $83,731 |
Contributions, gifts, grants paid | $460,000 |
Total expenses and disbursements | $543,731 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $612,184 |
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 | $8,407,260 |
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 |
Over the last fiscal year, Otter Cove Foundation has awarded $460,000 in support to 8 organizations.
Grant Recipient | Amount |
---|---|
THE SPCA OF MONTEREY COUNTY PURPOSE: TO PROVIDE FOR A MORE SECURE FUTURE FOR THE WELL-BEING OF HUMANS AND ANIMALS ALIKE | $100,000 |
ALL SAINT EPISCOPAL DAY SCHOOL PURPOSE: TO SUPPORT THE ADVANCEMENT OF EDUCATION | $100,000 |
XENOPHON THERAPEUTIC RIDING CENTER PURPOSE: TO PROVIDE THERAPY FOR HANDICAPPED INDIVIDUALS THROUGH DIRECT INTERACTION WITH HORSES | $10,000 |
CALIFORNIA RANGELAND TRUST PURPOSE: CONSERVATION OF RANGELAND IN CALIFORNIA | $20,000 |
ANIMAL ASSISTED HAPPINESS PURPOSE: TO ENRICH THE LIVES OF YOUTH WITH NEEDS THROUGH BARNYARD ANIMAL INTERACTIONS | $10,000 |
THINK WILD PURPOSE: THINK WILD PROVIDES A WILDLIFE SUPPORT SYSTEM IN CENTRAL OREGON | $100,000 |