Ottenheimer Brothers Foundation
- Assets
- $5.8m
- Revenue
- $692.0k
- Investments
- $5.6m
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 09/1966
- Data as of
- 04/2023
- EIN
- 71-6059988
Organization Overview
Ottenheimer Brothers Foundation is located in Little Rock, AR. The organization was established in 1966. 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. Ottenheimer Brothers 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 04/2023, Ottenheimer Brothers Foundation generated $692.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $356.6k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ottenheimer Brothers Foundation has awarded 40 individual grants totaling $1,083,699. 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 |
|---|---|---|---|
Steve Bauman Secretary | 0 | $4,500 | |
Larry Alman Finance Chai | 0 | $4,500 | |
Gus Blass III Projects Cha | 0 | $4,500 | |
Julianne D Grundfest Chairman | 0 | $4,500 | |
Joe Selz Board Member | 0 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $182,995 |
| Net Rental Income | $31,869 |
| Net Gain on Sale of Assets | $477,104 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $691,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,500 |
| Other employee salaries and wages | $4,810 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,973 |
| Depreciation | $1,278 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $760 |
| Total operating and administrative expenses | $50,949 |
| Contributions, gifts, grants paid | $305,667 |
| Total expenses and disbursements | $356,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,147 |
| Savings and temporary cash investments | $146,390 |
| 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 | $911,474 |
| Net Land, buildings, and equipment | $60 |
| Other assets | $16,787 |
| Total assets | $5,789,060 |
| 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 | $1,171 |
| Total liabilities | $1,171 |
Grants Awarded
Over the last fiscal year, Ottenheimer Brothers Foundation has awarded $305,667 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
OUR HOUSE PURPOSE: TO FURTHER EXEMPT PURPOSE | $67,867 |
ARKANSAS FOOD BANK PURPOSE: TO FURTHER EXEMPT PURPOSE | $1,200 |
ROTARY CLUB PURPOSE: TO FURTHER EXEMPT PURPOSE | $10,000 |
POTLUCK PURPOSE: TO FURTHER EXEMPT PURPOSE | $1,200 |
CONGREGATION B'NAI ISREAL PURPOSE: TO FURTHER EXEMPT PURPOSE | $140,000 |
UNION RESCUE MISSION PURPOSE: TO FURTHER EXEMPT PURPOSE | $1,200 |