Ochino Foundation
- Assets
- $17.4k
- Revenue
- $10.7k
- Investments
- $1.1k
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 07/1964
- Data as of
- 05/2023
- EIN
- 43-6046710
Organization Overview
Ochino Foundation is located in Overland Park, KS. The organization was established in 1964. 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. Ochino 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 05/2023, Ochino Foundation generated $10.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $8.2k during the year ending 05/2023. While expenses have increased by 14.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS - SCHOLARSHIP AWARDS FOR MEMBERS OF ALPHA KAPPA LAMBDA FRATERNITY AT THE UNIVERSITY OF KANSAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Heck President | 1 | $0 | |
Jeff Bennett Treasurer | 1 | $0 | |
Terry Mears Secretary | 1 | $0 | |
Greg Hack VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,650 |
| Interest on Savings | $0 |
| Dividends & Interest | $87 |
| 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 | $10,737 |
| 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 | $520 |
| Printing and publications | $179 |
| Other expenses | $180 |
| Total operating and administrative expenses | $879 |
| Contributions, gifts, grants paid | $7,350 |
| Total expenses and disbursements | $8,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,370 |
| Savings and temporary cash investments | $0 |
| 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 | $17,436 |
| 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, Ochino Foundation has awarded $7,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KUEA OCHINO FOUNDATION SCHOLARSHIP PURPOSE: FUNDS FOR OCHINO FOUNDATION SCHOLARSHIP FUND AT THE KU ENDOWMENT ASSOC USED FOR STUDENT SCHOLARSHIPS. | $5,000 |
KUEA JACOBY MEMORIAL SCHOLARSHIP PURPOSE: FUNDS FOR DR. ROBERT E JACOBY II MEMORIAL SCHOLARSHIP FUND AT THE KU ENDOWMENT ASSOC USED FOR STUDENT SCHOLARSHIPS. | $2,500 |