Paul Ogle Foundation Inc
- Assets
- $66.8m
- Revenue
- $3.4m
- Investments
- $65.9m
- Employees
- 0
- Location
- Jeffersonville, IN
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 31-0988988
Organization Overview
Paul Ogle Foundation Inc is located in Jeffersonville, IN. The organization was established in 1980. 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. Paul Ogle 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, Paul Ogle Foundation Inc generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Paul Ogle Foundation Inc has awarded 84 individual grants totaling $11,726,632. 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 |
|---|---|---|---|
Robert W Lanum Director & Chair | 12 | $29,500 | |
Norman E Pfau Jr Director & Vice Chair | 2 | $5,500 | |
Kevin Cecil Director & Sec/treas | 2 | $5,500 | |
Cecile A Blau Director | 2 | $5,500 | |
Kent W Lanum Director & President/ceo | 40 | $190,500 | |
Diane B Medley Director (previous) | 2 | $5,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $715,488 |
| Net Rental Income | $4,008 |
| Net Gain on Sale of Assets | $2,688,435 |
| Capital Gain Net Income | $5,209,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,407,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $244,954 |
| Other employee salaries and wages | $57,336 |
| Pension plans, employee benefits | $87,813 |
| Interest | $0 |
| Taxes | $21,076 |
| Depreciation | $21,163 |
| Occupancy | $48,715 |
| Travel, conferences, and meetings | $24,154 |
| Printing and publications | $0 |
| Other expenses | $115,806 |
| Total operating and administrative expenses | $708,090 |
| Contributions, gifts, grants paid | $2,116,750 |
| Total expenses and disbursements | $2,824,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,882 |
| Savings and temporary cash investments | $738,280 |
| 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 | $65,914,610 |
| Net Land, buildings, and equipment | $70,400 |
| Other assets | $13,438 |
| Total assets | $66,755,610 |
| Accounts payable and accrued expenses | $1,251 |
| 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 | $1,251 |
Grants Awarded
Over the last fiscal year, Paul Ogle Foundation Inc has awarded $2,607,786 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY PURPOSE: RAY WALLACE FUND | $42,000 |
JUNIOR ACHIEVEMENT OF KENTUCKIANA INC PURPOSE: GENERAL PURPOSE FUNDS | $363,000 |
IVY TECH COMMUNITY COLLEGE PURPOSE: LIBRARY RENOVATIONS | $100,000 |
RIVER HERITAGE CONSERVANCY PURPOSE: GENERAL PURPOSE FUNDS | $8,786 |
SWITZERLAND COUNTY HISTORICAL SOCIETY PURPOSE: GENERAL PURPOSE FUNDS | $4,000 |
THE PHILANTHROPY ROUNDTABLE PURPOSE: GENERAL PURPOSE FUNDS | $10,000 |