Ode Family Foundation Inc
- Assets
- $40.9k
- Revenue
- $330.2k
- Investments
- $870.0
- Employees
- 0
- Location
- Strongsville, OH
- Founding
- Data as of
- 12/2023
- EIN
- 82-5325943
Organization Overview
Ode Family Foundation Inc is located in Strongsville, OH. 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. Ode 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 12/2023, Ode Family Foundation Inc generated $330.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $409.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ode Family Foundation Inc has awarded 15 individual grants totaling $739,671. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL COMMUNITY EVENTS TO HELP PROVIDE ASSISTANCE TO INDIVIDUALS STRUGGLING WITH DIFFICULT SITUATIONS, HELPING THEM GET BACK ON THEIR FEET IN ORDER TO LIVE STABLE, SELF-SUPPRTING LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick J Ode President/chairman | 5 | $0 | |
Kathleen Ode Board Member | 5 | $0 | |
Mark Hennie Treas./vice-Chairman/secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $330,000 |
| Interest on Savings | $184 |
| 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 | $0 |
| Total Revenue | $330,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $90,408 |
| Pension plans, employee benefits | $12,060 |
| Interest | $0 |
| Taxes | $7,144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,342 |
| Total operating and administrative expenses | $120,504 |
| Contributions, gifts, grants paid | $288,871 |
| Total expenses and disbursements | $409,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,038 |
| 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 | $870 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,000 |
| Total assets | $40,908 |
| 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 | $1,566 |
| Total liabilities | $1,566 |
Grants Awarded
Over the last fiscal year, Ode Family Foundation Inc has awarded $288,871 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDCARE PURPOSE: GENERAL | $300 |
EDUCATION PURPOSE: GENERAL | $38,500 |
OTHER CAUSES PURPOSE: GENERAL | $250,071 |