Ohnell Family Foundation
- Assets
- $7.9m
- Revenue
- $3.5m
- Investments
- $3.7m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 04/1993
- Data as of
- 12/2023
- EIN
- 22-3219022
Organization Overview
Ohnell Family Foundation is located in Greenwich, CT. The organization was established in 1993. 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. Ohnell 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 12/2023, Ohnell Family Foundation generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ohnell Family Foundation has awarded 357 individual grants totaling $10,642,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernst Ohnell President | 5 | $0 | |
Patricia Ohnell Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,120,827 |
| Interest on Savings | $258 |
| Dividends & Interest | $327,957 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,083,039 |
| Capital Gain Net Income | $2,083,039 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,532,081 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88 |
| Total operating and administrative expenses | $6,588 |
| Contributions, gifts, grants paid | $1,842,000 |
| Total expenses and disbursements | $1,848,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,317 |
| Savings and temporary cash investments | $4,077,218 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,892,318 |
| 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, Ohnell Family Foundation has awarded $1,842,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ABILIS PURPOSE: EDUCATION | $10,000 |
ACHIEVEMENT FIRST PURPOSE: EDUCATION | $5,000 |
AMERICAN INSTITUTE FOR ECONOMIC RESEARCH PURPOSE: EDUCATION | $5,000 |
AMERICAN TRANSPARENCY PURPOSE: SOCIAL | $20,000 |
BOCA RATON MUSEUM OF ART PURPOSE: ARTS | $65,000 |
BOYS AND GIRLS CLUB OF NEWBURGH PURPOSE: EDUCATION | $20,000 |