Van Otterloo Family Foundation
- Assets
- $51.3m
- Revenue
- $3.1m
- Investments
- $18.4m
- Employees
- 1
- Location
- Marblehead, MA
- Founding
- 08/1997
- Data as of
- 09/2021
- EIN
- 04-6827450
Organization Overview
Van Otterloo Family Foundation is located in Marblehead, MA. The organization was established in 1997. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Van Otterloo Family 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 09/2021, Van Otterloo Family Foundation generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $2.4m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Van Otterloo Family Foundation has awarded 281 individual grants totaling $10,267,632. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BENEFIT EDUCATIONAL ORGANIZATIONS
Describe the Organization's Program Activity:
GRANTS TO EDUCATIONAL INSTITUTIONS THAT QUALIFY AS SECTION 501 (C) (3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Van Otterloo Executive Director | Trustee | 40 | $76,230 |
Rose Marie Van Otterloo Trustee As Needed | Trustee | 0.25 | $0 |
Peter Woodward Trustee As Needed | Trustee | 0.25 | $0 |
Lawrence Griffin Trustee As Needed | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $330,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,138,123 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,136,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,574,909 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,230 |
| Compensation of current officers, directors, key employees. | $76,230 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $717,776 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,436,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,568,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $30,150,753 |
| Investments—other securities | $18,408,262 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $128,734 |
| Total assets | $51,266,460 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $270,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $270,000 |
| Net assets without donor restrictions | $50,996,460 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $51,266,460 |
Grants Awarded
Over the last fiscal year, Van Otterloo Family Foundation has awarded $1,556,232 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
Gloucester, MA PURPOSE: TO SUPPORT BIOTECHNOLOGY ACADEMY PROGRAM | $60,000 |
Lynn, MA PURPOSE: SUPPORT FOR YOUTH EDUCATIONAL PROGRAMMING | $53,750 |
Lawrence, MA PURPOSE: EDUCATIONAL OPERATING ANNUAL SUPPORT | $53,250 |
Bedford, MA PURPOSE: SUPPORT DEVELOPMENT AND TRAINING PROGRAM | $52,000 |
Beverly, MA PURPOSE: SUPPORT PASS PROGRAM FOR YOUTH PARTICIPANTS FOR EDUCATION | $50,500 |
Lawrence, MA PURPOSE: EDUCATIONAL OPERATING ANNUAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |