Bernard & Sandra Ottermanfoundation
- Assets
- $4.8m
- Revenue
- $12.9k
- Investments
- $4.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2007
- Data as of
- 07/2023
- EIN
- 26-0705785
Organization Overview
Bernard & Sandra Ottermanfoundation is located in Wilmington, DE. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bernard & Sandra Ottermanfoundation 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 07/2023, Bernard & Sandra Ottermanfoundation generated $12.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (61.9%) each year. All expenses for the organization totaled $352.2k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bernard & Sandra Ottermanfoundation has awarded 75 individual grants totaling $1,041,388. 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
HIGHER EDUCATION
MEDICAL
HOLOCAUST
ISRAEL ENDOWNMENT FUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Otterman Agashiwala Dir, Sec | 1 | $0 | |
Michelle Emmett Dir, Vice-Chair | 1 | $0 | |
Michael Otterman Treas | 1 | $0 | |
Sandra Otterman Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,266 |
| Dividends & Interest | $102,653 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$96,975 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,670 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,967 |
| Total operating and administrative expenses | $43,779 |
| Contributions, gifts, grants paid | $308,453 |
| Total expenses and disbursements | $352,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $289,353 |
| 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 | $5,072 |
| Total assets | $4,782,953 |
| 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, Bernard & Sandra Ottermanfoundation has awarded $308,453 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR CIVILIANS IN CONFLICT PURPOSE: JUSTICE FOR CIVILIAN HARM IN SOMALIA: MAKING US AMENDS POLICY RESPONSIVE TO CIVILIAN COMMUNITIES | $20,000 |
CENTER FOR HIGHER EDUCATION IN THE MIDDLE EAST INC PURPOSE: GENERAL & UNRESTRICTED | $43,850 |
CITY HARVEST INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
COLLABORATIVE FOR ACADEMIC SOCIAL AND EMOTIONAL LE PURPOSE: GENERAL & UNRESTRICTED | $23,000 |
FACING HISTORY AND OURSELVES INC PURPOSE: COMBATING CONTEMPORARY ANTISEMITISM IN THE 21ST CENTURY | $75,000 |
FRIENDS OF AMAL-TIKVA PURPOSE: GENERAL & UNRESTRICTED | $10,000 |