The Ovintiv Foundation
- Assets
- $7.3m
- Revenue
- $488.5k
- Investments
- $6.6m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 76-0663978
Organization Overview
The Ovintiv Foundation is located in Denver, CO. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ovintiv 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 12/2022, Ovintiv Foundation generated $488.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (39.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel M Moore President/director | 0.1 | $0 | |
Michael J Liedtke Treasurer | 0.1 | $0 | |
Dawna I Gibb Secretary | 0.1 | $0 | |
Gregory D Givens Director | 0.1 | $0 | |
Elizabeth Whillock Vice President/director | 0.1 | $0 | |
Meghan N Eilers Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $319,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $166,657 |
| Capital Gain Net Income | $166,657 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,440 |
| Total Revenue | $488,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,543 |
| Total operating and administrative expenses | $133,152 |
| Contributions, gifts, grants paid | $1,058,424 |
| Total expenses and disbursements | $1,191,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,362 |
| Savings and temporary cash investments | $282,979 |
| 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 | $28,000 |
| Investments—other | $1,382,381 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,297,073 |
| 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, The Ovintiv Foundation has awarded $1,058,424 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ONLINE GIVING FOUNDATION INC (AOGF) PURPOSE: CONTRIBUTIONS TO 501(C)(3) PUBLIC CHARITIES THROUGH MATCHING GIFT PROGRAM. | $858,424 |
SWITCH ENERGY ALLIANCE PURPOSE: CONTRIBUTION TO SWITCH ENERGY ALLIANCE A 501(C)(3)NON-PROFIT ORGANIZATION DEDICATED TO AN ENERGY-EDUCATED FUTURE. | $200,000 |