Ottinger Foundation Inc
- Assets
- $3.6m
- Revenue
- $8.9k
- Investments
- $3.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1946
- Data as of
- 12/2022
- EIN
- 13-6118423
Organization Overview
Ottinger Foundation Inc is located in New York, NY. The organization was established in 1946. 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. Ottinger 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 12/2022, Ottinger Foundation Inc generated $8.9k 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 (23.0%) each year. All expenses for the organization totaled $226.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ottinger Foundation Inc has awarded 45 individual grants totaling $1,663,985. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Ottinger Director | 10 | $0 | |
June Godfrey Ottinger Director | 10 | $0 | |
Randy Ottinger Director | 10 | $0 | |
Lea Anne Ottinger Director | 10 | $0 | |
Ron Ottinger Director | 10 | $0 | |
Larry Ottinger Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,687 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,547 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,269 |
| Total Revenue | $8,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,526 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,802 |
| Total operating and administrative expenses | $29,328 |
| Contributions, gifts, grants paid | $197,185 |
| Total expenses and disbursements | $226,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $169,886 |
| 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 | $60,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $422 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,398,694 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $219 |
| Total assets | $3,629,221 |
| 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, Ottinger Foundation Inc has awarded $197,185 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
EQUAL JUSTICE WORKS PURPOSE: GENERAL | $94,500 |
ENVIRONMENTAL AND ENERGY STUDY INSTITUTE PURPOSE: GENERAL | $15,000 |
PACE UNIVERSITY PURPOSE: GENERAL | $20,000 |
COLUMBIA VIVE CHICAGO PURPOSE: GENERAL | $12,685 |
TIDES FOUNDATION PURPOSE: GENERAL | $55,000 |