John And Sophie Ottens Foundation
- Assets
- $28.7k
- Revenue
- -$24.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgway, CO
- Founding
- 06/1998
- Data as of
- 01/2024
- EIN
- 86-0911121
Organization Overview
John And Sophie Ottens Foundation is located in Ridgway, CO. The organization was established in 1998. 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. John And Sophie Ottens Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, John And Sophie Ottens Foundation has awarded 88 individual grants totaling $21,048,895. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ONLY MAKES GIFTS TO PUBLIC CHARITIES EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THERE HAVE BEEN NO DIRECT CHARITABLE ACTIVITIES OR ASSISTANCE GIVEN TO THE GRANTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry O Hooper President/director | 20 | $63,000 | |
Jeanne R Hooper Director | 7 | $18,000 | |
Steven K Aronoff Secretary/treasurer/direct | 15 | $18,000 | |
Cynthia L Aronoff Director | 7 | $63,000 | |
Henry O Hooper President/director | 20 | $63,000 | |
Jeanne R Hooper Director | 7 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,673 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,890 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $540 |
| Total Revenue | -$24,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $162,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $8,040 |
| Interest | $0 |
| Taxes | $8,040 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,626 |
| Printing and publications | $0 |
| Other expenses | $3,746 |
| Total operating and administrative expenses | $213,676 |
| Contributions, gifts, grants paid | $385,000 |
| Total expenses and disbursements | $598,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,652 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,652 |
| 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, John And Sophie Ottens Foundation has awarded $770,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BANNER ALZHEIMER'S FOUNDATION PURPOSE: GENERAL | $25,000 |
FLAGSTAFF MEDICAL CENTER PURPOSE: GENERAL | $25,000 |
FORT LEWIS COLLEGE FOUNDATION PURPOSE: GENERAL | $200,000 |
SOUTHWESTERN COLLEGE PURPOSE: GENERAL | $25,000 |
UNIVERSITY OF DENVER PURPOSE: GENERAL | $25,000 |
CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION PURPOSE: GENERAL | $25,000 |