Oc Family Foundation
- Assets
- $1.8m
- Revenue
- $376.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Itasca, IL
- Founding
- 09/1996
- Data as of
- 12/2023
- EIN
- 36-3999340
Organization Overview
Oc Family Foundation is located in Itasca, IL. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oc 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, Oc Family Foundation generated $376.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $228.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Oc Family Foundation has awarded 17 individual grants totaling $959,000. 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 |
|---|---|---|---|
Martin O'connor Sec/treas/adv.dir. | 0 | $0 | |
Daniel O'connor Adv. Dir. | 0 | $0 | |
Patricia O'connor Mergener Director | 0 | $0 | |
Christine O'connor Lane President/adv.dir. | 0 | $0 | |
Matthew O'connor Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $76,150 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1 |
| Capital Gain Net Income | $1 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $376,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $525 |
| Total operating and administrative expenses | $1,525 |
| Contributions, gifts, grants paid | $227,000 |
| Total expenses and disbursements | $228,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,812,859 |
| 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 | $1,812,859 |
| 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, Oc Family Foundation has awarded $227,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ST MICHAEL CHURCH PURPOSE: TO SUPPORT THE MINISTRY. | $15,000 |
BIG SHOULDERS FUND PURPOSE: FOR THE EDMUND AND PATRICIA SCHOLARSHIPS | $200,000 |
SYCAMORES PURPOSE: TO PROVIDE SUPPORT FOR CHILDREN, YOUNG ADULTS AND FAMILIES ADDRESSING THE MENTAL HEALTH CRISIS IN THE COMMUNITY. | $2,000 |
ONE GOAL PURPOSE: TO ENSURE EVERY STUDENT HAS AN EQUITABLE OPPORTUNITY TO ACHIEVE THEIR GREATEST POSTSECONDARY ASPIRATIONS | $4,000 |
MATHIAS ACADEMY CORPORATION PURPOSE: TO PROVIDE ENDLESS OPPORTUNITIES FOR EXTRAORDINARY ADULTS. | $2,000 |
OLD TOWN ARTISAN STUDIES PURPOSE: PROVIDING POSITIVE ART EXPERIENCES FOR ALL PEOPLE, DESPITE AGE OR FINANCIAL ABILITY. | $2,000 |