Otsego 2000 Inc
- Assets
- $623.4k
- Revenue
- $440.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Cooperstown, NY
- Founding
- 03/1984
- Data as of
- 03/2024
- EIN
- 11-2654945
Organization Overview
Otsego 2000 Inc is located in Cooperstown, NY. The organization was established in 1984. 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. As of 03/2024, Otsego 2000 Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otsego 2000 Inc 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 03/2024, Otsego 2000 Inc generated $440.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $460.9k during the year ending 03/2024. While expenses have increased by 11.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
OTSEGO 2000 CELEBRATES, PROTECTS, AND ENHANCES THE ENVIRONMENTAL, AGRICULTURAL, CULTURAL, SCENIC, AND HISTORIC SIGNIFICANCE OF THE GREATER OTSEGO LAKE REGION. AS A 'FIRST RESPONDER' ON ENVIRONMENTAL, SUSTAINABILITY, AND COMMUNITY ISSUES THAT AFFECT THE REGION'S QUALITY OF LIFE, OTSEGO 2000 ENDEAVORS TO ENSURE HEALTHY ENVIRONMENTAL AND ECONOMIC FUTURES FOR PRESENT AND COMING GENERATIONS THROUGH INFORMED ADVOCACY, PUBLIC EDUCATION, INNOVATIVE PROJECTS, AND IDEAS FOR ECONOMIC ADVANCEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENVIRONMENTAL DEFENSE AND STEWARDSHIP: OTSEGO 2000'S WORK IN ENVIRONMENTAL DEFENSE AND STEWARDSHIP EMBODIES ITS ROLE OF FIRST RESPONDER FOR THE REGION WHENEVER AN ENVIRONMENTAL THREAT EMERGES. THUS, EDS PROGRAM PRIORITIES ARE GENERALLY DICTATED BY OUTSIDE FACTORS AND ARE REACTIVE TO THE EXTENT THAT, AS SOON AS A POSSIBLE THREAT TO THE REGION'S AIR, WATER, LANDS OR THE OTSEGO LAKE VIEWSHED IS PERCEIVED, OTSEGO 2000 CONDUCTS THE NECESSARY RESEARCH TO DETERMINE THE EXTENT OF THE THREAT AND HOW BEST TO COMBAT IT. THROUGH RESEARCH, PUBLIC OUTREACH, PARTICIPATION IN THE PUBLIC PROJECT PLANNING PROCESS AND EDUCATION OF ELECTED OFFICIALS AND VOTERS, OTSEGO 2000 APPLIES ALL ITS RESOURCES TO ENSURE THAT THE OTSEGO LAKE REGION IS PROTECTED.
SUSTAINABLE ECONOMIC DEVELOPMENT: OTSEGO 2000 BELIEVES THAT THE OVERALL ENVIRONMENTAL AND ECONOMIC HEALTH OF THE OTSEGO LAKE REGION DEPENDS HEAVILY ON A DIVERSE, SUSTAINABLE, YEAR-ROUND ECONOMY THAT EMPHASIZES SUSTAINABLE AGRICULTURE AND A ROBUST REGIONAL FOOD SYSTEM, A VIBRANT YEAR-ROUND CULTURAL LIFE, AND SIGNIFICANTLY INCREASING THE PROFILE OF THE REGION AS A DESTINATION FOR HERITAGE TOURISTS AND OUTDOOR ENTHUSIASTS. TO THAT END, OTSEGO 2000 HAS TAKEN THE LEAD OVER THE YEARS IN DEVELOPING PROGRAMS AND INITIATIVES THAT CONTRIBUTE MATERIALLY TO THE LOCAL ECONOMY AND SUBSTANTIALLY IMPROVE THE QUALITY OF LIFE IN THE REGION. THESE INCLUDE THE COOPERSTOWN FARMERS' MARKET, GLIMMERGLASS FILM DAYS, AND WWW.OTSEGOOUTDOORS.ORG.
REGIONAL HERITAGE/HISTORIC PRESERVATION: HISTORIC LANDSCAPES, VILLAGES, HAMLETS, AND BUILDINGS ARE INTEGRAL TO THE OTSEGO LAKE REGION'S IDENTITY AND ENVIRONMENT. OTSEGO 2000 SUPPORTS AND PROTECTS HISTORIC DISTRICTS AND HISTORIC DESIGNATION OF LANDMARKS AND STRUCTURES, PROVIDES TECHNICAL ASSISTANCE TO PROPERTY OWNERS ON FEDERAL AND STATE PRESERVATION TAX CREDIT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Dillingham Director | Trustee | 1 | $0 |
Kent Barwick Director | Trustee | 1 | $0 |
Susan Huxtable Director | Trustee | 1 | $0 |
Elinor Vincent Vice President | OfficerTrustee | 2.5 | $0 |
Sydney Waller Director | Trustee | 1 | $0 |
David Hutchison Director (part Year) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,225 |
| Noncash contributions included in lines 1a–1f | $8,832 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,685 |
| Total Program Service Revenue | $76,646 |
| Investment income | $14,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,238 |
| Net Income from Fundraising Events | $16,802 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $440,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $78,448 |
| Compensation of current officers, directors, key employees. | $23,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,010 |
| Payroll taxes | $15,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,736 |
| Fees for services: Other | $33,479 |
| Advertising and promotion | $20,951 |
| Office expenses | $41,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,490 |
| Travel | $4,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,902 |
| Insurance | $2,425 |
| All other expenses | $2,437 |
| Total functional expenses | $460,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,768 |
| Savings and temporary cash investments | $182,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,083 |
| Prepaid expenses and deferred charges | $1,075 |
| Net Land, buildings, and equipment | $9,082 |
| Investments—publicly traded securities | $366,677 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,414 |
| Total assets | $623,410 |
| Accounts payable and accrued expenses | $234 |
| Grants payable | $0 |
| 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 | $234 |
| Net assets without donor restrictions | $558,616 |
| Net assets with donor restrictions | $64,560 |
| 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 | $623,410 |