Ozuah Family Foundation Inc
- Assets
- $2.8m
- Revenue
- $890.3k
- Investments
- $2.8m
- Employees
- 0
- Location
- Chestnut Ridge, NY
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 81-4612706
Organization Overview
Ozuah Family Foundation Inc is located in Chestnut Ridge, NY. The organization was established in 2018. 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. Ozuah Family Foundation Inc 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, Ozuah Family Foundation Inc generated $890.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $518.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ozuah Family Foundation Inc has awarded 18 individual grants totaling $1,848,921. 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 |
|---|---|---|---|
Philip O Ozuah Director | 1 | $0 | |
Maria Theresa P Ozuah Director | 1 | $0 | |
Philip J Ozuah Director | 1 | $0 | |
Phoebe Ozuah Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $805,204 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,525 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,591 |
| Capital Gain Net Income | $78,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $890,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $81,123 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $86,473 |
| Contributions, gifts, grants paid | $432,211 |
| Total expenses and disbursements | $518,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,111 |
| 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 | $2,766,682 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,768,793 |
| 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, Ozuah Family Foundation Inc has awarded $432,211 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OZUAH FAMILY FND (AFRICA) PURPOSE: ANNUAL FUNDING OF THE FOUNDATION. | $300,000 |
OZUAH FAMILY FND (AFRICA) PURPOSE: CHURCH PROJECT | $100,000 |
UNIVERSITY OF ARIZONA PURPOSE: ANNUAL CONTRIBUTION SCHOLARSHIP | $22,211 |
UNIVERSITY OF MARYLAND PURPOSE: ANNUAL CONTRIBUTION SCHOLARSHIP | $10,000 |