Ott Foundation Inc
- Assets
- $159.6k
- Revenue
- $106.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, IN
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-3299645
Organization Overview
Ott Foundation Inc is located in Marion, IN. The organization was established in 2009. 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. Ott 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 12/2021, Ott Foundation Inc generated $106.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $102.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ott Foundation Inc has awarded 174 individual grants totaling $3,038,573. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIEF FOR THE POOR, DISTRESSED OR UNDERPRIVILEGED. ADVANCEMENT OF EDUCATION WHICH INCLUDE CONTRIBUTING TO EDUCATIONAL INSTITUTIONS FOR THE SUPPORT AND FURTHERANCE OF THE EDUCATIONAL INSTITUTION OR REWARDING OF SCHOLARSHIPS. SUPPORT OF RELIGIOUS ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Ott Treasurer | 0 | $0 | |
Gary Ott President | 0 | $0 | |
Bradley Ott V-President | 0 | $0 | |
Ryan Ott Director | 0 | $0 | |
Amie Ott Director | 0 | $0 | |
Daniel Showalter Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $105,000 |
| Interest on Savings | $1,670 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $106,670 |
| 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 | $28 |
| Total operating and administrative expenses | $1,708 |
| Contributions, gifts, grants paid | $100,844 |
| Total expenses and disbursements | $102,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,148 |
| Savings and temporary cash investments | $146,415 |
| 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 | $159,563 |
| 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, Ott Foundation Inc has awarded $100,844 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
FORGE PURPOSE: GENERAL SUPPORT | $30,000 |
THE CARING FOUNDATION INC PURPOSE: GENERAL SUPPORT | $23,757 |
HABITAT FOR HUMANITY OF GRANT CO PURPOSE: GENERAL SUPPORT | $20,000 |
Marion, IN PURPOSE: GENERAL SUPPORT | $5,000 |
HANDS OF HOPE PURPOSE: SPONSORSHIP | $5,000 |
WELLSPRINGS OF FREEDOM PURPOSE: MINISTRY SUPPORT | $4,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |