Ocotillo Foundation Inc
- Assets
- $656.1k
- Revenue
- $408.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 83-2788032
Organization Overview
Ocotillo Foundation Inc is located in Albuquerque, NM. The organization was established in 2019. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocotillo 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, Ocotillo Foundation Inc generated $408.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $158.3k during the year ending 12/2022. While expenses have increased by 40.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OCOTILLO FOUNDATION, INC. HAS BEEN ORGANIZED TO PROVIDE CHARITABLE SUPPORT FOR PROGRAMS AND PEOPLE IN NEED IN FOREIGN COUNTRIES. MORE SPECIFICALLY, THE ORGANIZATION WILL PROVIDE FINANCIAL DISTRIBUTIONS TO EXEMPT QUALIFYING ORGANIZATIONS IN FOREIGN COUNTRIES, BEGINNING IN INDIA, NEPAL, AND VARIOUS COUNTRIES IN ASIA, THAT CONDUCT PROJECTS FOCUSED ON PROVIDING FOR THE EDUCATIONAL, MEDICAL, NUTRITIONAL, AND OTHER NEEDS OF UNDERSERVED INDIVIDUALS. IN DOING SO, OF WILL ENSURE THESE ORGANIZATIONS HAVE THE NECESSARY FUNDS TO CONTINUE THEIR CHARITABLE GOOD WORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL POVERTY RELIEF: FISCAL SPONSORSHIP PROJECTS THAT PROVIDE BASIC NEEDS FOR THOUSANDS OF DISADVANTAGED PEOPLE THAT CONTINUE TO BE AFFECTED BY THE FALLOUT FROM COVID-19. THESE PROGRAMS INCLUDE NUTRITION SUPPORT, HEALTH CARE, AND SANITATION EDUCATION. THESE POPULATIONS CONTINUE TO BE SOME OF THE MOST ECONOMICALLY FRAGILE AND DEPRESSED GROUPS IN THE WORLD. THIS ALSO INCLUDES JOB SKILLS TRAINING FOR WOMEN AND COMPUTER SKILLS EDUCATION FOR ALL THAT HELP TO OFFER LONG-TERM SOLUTIONS INSTEAD OF JUST SHORT-TERMS SUPPORT.
OTHER MISC PROJECTS: EDUCATION AND TRANSPORTATION SUPPORT PROGRAMS IN INDIA, NEPAL, AND UGANDA HAVE ENABLED US TO HELP PROVIDE NEEDED INFRASTRUCTURE AND MEANS BY WHICH EDUCATORS CAN MORE EASILY ACCESS THOSE FACILITIES AND STUDENTS. THESE PROGRAMS ARE DESIGNED TO REPLICABLE AND SCALABLE TO GROW THE IMPACT OF THE PROJECTS.
CHILD SPONSORSHIP: FISCAL SPONSORSHIP PROJECTS THAT AID IN PROVIDING FUNDS THAT HAVE HELPED IN EXCESS OF 1500 CHILDREN ON A DAILY BASIS THROUGH CHILD SPONSORSHIP. THIS INCLUDES PROVIDING ACCESS TO BASIC HEALTHCARE, EDUCATION, AND BASIC SANITATION AS WELL AS SAFE SPACES FOR THE CHILDREN WHEN NOT AT HOME. THE FUNDS FOR THIS PROJECT CONTINUE TO BE USED IN INDIA AND NEPAL AND ARE TARGETED TO RELIEVE SOME OF THE DEFICIENCIES OF THESE CHILDREN LIVING IN SOME OF THE MOST UNDERSERVED AND UNDER-RESOURCED AREAS OF THE WORLD
BASIC NEEDS SUPPORT: FISCAL SPONSORSHIP PROGRAMS THAT PROVIDE CLEAN WATER WELLS AND EDUCATIONAL MATERIALS TO RURAL, UNDERSERVED POPULATIONS. THESE FUNDS WERE USED IN NEPAL, INDIA, SRI LANKA, & BANGLADESH. THERE HAVE ALSO BEEN TEAMS THAT HAVE BEEN ABLE TO GO AND SERVE THESE PEOPLE GROUPS IN TRAINING AND SUPPORT IN THESE PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoffrey L Mckinnon Executive Director | OfficerTrustee | 5 | $0 |
Patricia A Kehoe Secretary | OfficerTrustee | 5 | $0 |
Penny E Bakke Finance Director | OfficerTrustee | 2 | $0 |
Dennis P Vik Director | Trustee | 0.5 | $0 |
Alan Fowler Director Of Development | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,469 |
| Total Program Service Revenue | $40,241 |
| Investment income | $186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$30 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,866 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $107,667 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $40,241 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $939 |
| All other expenses | $3,249 |
| Total functional expenses | $158,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,022 |
| Savings and temporary cash investments | $9,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,060 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $656,082 |
| Accounts payable and accrued expenses | $500 |
| Grants payable | $5,885 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $127,069 |
| Total liabilities | $133,454 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $522,628 |
| Total liabilities and net assets/fund balances | $656,082 |