Friends Of Otwell Elementary Ltd
- Assets
- $1.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Otwell, IN
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-5295088
Organization Overview
Friends Of Otwell Elementary Ltd is located in Otwell, IN. The organization was established in 2016. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, 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. Friends Of Otwell Elementary Ltd 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 12/2022, Friends Of Otwell Elementary Ltd generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDING AND FURTHERANCE OF OTWELL MILLER ACADEMY AND RELATED ORGANIZATIONS TO DEVELOP ALTERNATIVE EDUCATIONAL OPPORTUNITIES, IMPROVE EXISTING EDUCATIONAL STRUCTURES AND BUILD A BRIGHTER PATHWAY TO SUCCESS FOR OUR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Atwood President | 0 | $0 | |
Carol Zins Vice Preside | 0 | $0 | |
Sherryl Osgatharp Treasurer | 0 | $0 | |
Debra Troutman Secretary | 0 | $0 | |
Beth Hatfield-Peters Legal Adviso | 0 | $0 | |
Robert Atwood Financial Ad | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,234,482 |
| Interest on Savings | $0 |
| 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 | $284,154 |
| Total Revenue | $1,518,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $714,435 |
| Pension plans, employee benefits | $73,358 |
| Interest | $16,059 |
| Taxes | $2,561 |
| Depreciation | $42,531 |
| Occupancy | $84,230 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,663 |
| Other expenses | $245,458 |
| Total operating and administrative expenses | $1,298,186 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,298,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,106 |
| 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 | $46,147 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $827,416 |
| Other assets | $0 |
| Total assets | $1,220,669 |
| Accounts payable and accrued expenses | $29,447 |
| 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 | $321,287 |
| Total liabilities | $350,734 |