Otis Booth Foundation
- Assets
- $197.0m
- Revenue
- $15.6m
- Investments
- $191.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1967
- Data as of
- 11/2023
- EIN
- 95-6140019
Organization Overview
Otis Booth Foundation is located in Los Angeles, CA. The organization was established in 1967. 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. Otis Booth 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 11/2023, Otis Booth Foundation generated $15.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $8.7m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Otis Booth Foundation has awarded 973 individual grants totaling $113,564,706. 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 |
|---|---|---|---|
Lynn A Booth President & Ttee | 4 | $0 | |
Palmer N Murray Vp, Treas., Assist. Sec & | 4 | $0 | |
Loren Booth Vp, Sec. & Ttee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lourdmurray | 11/29/23 | $669,045 |
Andersen Tax Llc | 11/29/23 | $200,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $312 |
| Dividends & Interest | $3,988,970 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,623,540 |
| Capital Gain Net Income | $10,545,020 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,024 |
| Total Revenue | $15,613,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $253,154 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,944 |
| Total operating and administrative expenses | $1,141,124 |
| Contributions, gifts, grants paid | $7,525,175 |
| Total expenses and disbursements | $8,666,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,413,136 |
| 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 | $74,182 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $47,774,488 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $24,373 |
| Total assets | $196,999,637 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,000,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,352,000 |
| Total liabilities | $6,352,000 |
Grants Awarded
Over the last fiscal year, Otis Booth Foundation has awarded $12,485,000 in support to 153 organizations.
| Grant Recipient | Amount |
|---|---|
ADAPT COMMUNITY NETWORK INC PURPOSE: TO SUPPORT NEW YORKERS LIVING WITH SPECIAL NEEDS AND CHALLENGES. | $2,500 |
A SENSE OF HOME PURPOSE: TO SUPPORT PREVIOUS FOSTER CHILDREN UPON REACHING ADULT AGE. | $14,000 |
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: TO SUPPORT ALZHEIMER'S DRUG RESEARCH. | $5,000 |
ANGELS IN FUR DOG RESCUE PURPOSE: TO SUPPORT THIS DOG RESCUE ORGANIZATION DEDICATED TO RESCUING, REHABILITATING, AND RESTORING DOGS TO LOVING HOMES. | $10,000 |
ALL SAINTS' CHURCH PURPOSE: TO SUPPORT THE OUTREACH AND ASSISTANCE IN THE COMMUNITY. | $200,000 |
ASPEN VALLEY HOSPITAL FOUNDATION PURPOSE: TO SUPPORT PHILANTHROPIC EFFORTS FOR THE ASPEN VALLEY HOSPITAL. | $10,000 |