George L Ohrstom Jr Foundation Inc
- Assets
- $79.4m
- Revenue
- $3.7m
- Investments
- $78.3m
- Employees
- 0
- Location
- Harrison, NY
- Founding
- 07/1994
- Data as of
- 12/2023
- EIN
- 13-3415874
Organization Overview
George L Ohrstom Jr Foundation Inc is located in Harrison, NY. The organization was established in 1994. 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. George L Ohrstom Jr Foundation 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 12/2023, George L Ohrstom Jr Foundation Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 5 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.
Since 2020, George L Ohrstom Jr Foundation Inc has awarded 374 individual grants totaling $21,845,047. 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 |
|---|---|---|---|
Wright Rs Ohrstrom Vice Chairman | 5 | $0 | |
Donald G Calder Vice Chairman | 5 | $0 | |
Alan S Berlin Vice Chairman | 5 | $0 | |
David W Laughlin Treasurer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trust | 12/30/23 | $189,850 |
Inverness Counsel Llc | 12/30/23 | $131,124 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $126,613 |
| Dividends & Interest | $1,334,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,192,699 |
| Capital Gain Net Income | $2,192,699 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $114 |
| Total Revenue | $3,654,259 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,088 |
| Total operating and administrative expenses | $412,320 |
| Contributions, gifts, grants paid | $3,731,390 |
| Total expenses and disbursements | $4,143,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,027,426 |
| 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 | $4,334,967 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $79,363,269 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, George L Ohrstom Jr Foundation Inc has awarded $5,814,170 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
ABSAROKA BEARTOOTH WILDERNESS FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
AMERICAN HOSPITAL OF PARIS FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
AMERICAN SKIN ASSOCIATION INC PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
ATLAS NETWORK PURPOSE: IN SUPPORT OF THE UKRAINE FUND | $10,000 |
AMERICA'S VETDOGS PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
BNY MELLON CHARITABLE GIFT FUND PURPOSE: DAVID W. LAUGHLIN FAMILY DONOR FUND | $179,500 |