Otsego Endowment Foundation FY2020 filing

Tax-deductible

Tontogany, OH501(c)(3)EIN 34-1599038Revenue $44K in FY2020

On file with the IRSPo Box 176, 43565-0176 · Tontogany, OHTax-exempt since Feb 1989Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $52K a year · 67% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
83 mo
of spending, in cash
Looks good: 83.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $216
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44K
Spent
$21K
To programs
97%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$44K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$44K
FY2021$89K
FY2022$72K
FY2023$62K
FY2024$122K
Expenses
$21K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$21K
FY2021$25K
FY2022$26K
FY2023$33K
FY2024$23K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.2M
FY2023$1.4M
FY2024$1.6M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $21K Management & general 3% · $540

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
See Otsego Endowment Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Otsego Endowment Foundation is a nonprofit based in Tontogany, OH.

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Provided by the organization

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1 program · $21K · in their own filed words · FY2020
01

The Otsego Endowment Foundation OEF Trustees semi-annually approve grants and education awards to applicants who request monies for activities that enrich the education of the approximately 1,600 students of the Otsego Local Public School District in Ohio.

$21Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$216
Grants paid · 2 grants · $19K · 2021–2024
Otsego Board of EducationFY2024$5,200
Unitemized GrantFY2021$13,998

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$44K
Ln 12
Investment incomeLn 3$32K
Gifts and grantsLn 1h$11K
Money outPt IX
$21K
Ln 25
Programscol B$21K
Managementcol C$540
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$147K
Total assetsLn 16$1.2M
LiabilitiesLn 26$13K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Investment incomeLn 3$32K
Gains on assetsLn 7$12K
Total revenueLn 12$44K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$122K
Cash and savings togetherLn 1–2$147K
InvestmentsLn 11–13$1.0M
Total assetsLn 16$1.2M
LiabilitiesLn 26$13K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$126K$147K
InvestmentsLn 11–13$965K$1.0M
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$17K$13K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$20K$20K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$240$240
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$100$100
Other expenses (24a–d)Ln 24$1K$875$200
All other expensesLn 24e$0
Total functional expensesLn 25$21K$21K$540$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $122K$23K$99K$1.6M 990 PDF
FY2023 $62K$33K$29K$1.4M 990 PDF
FY2022 $72K$26K$47K$1.2M 990 PDF
FY2021 $89K$25K$65K$1.4M 990 PDF
FY2020 Viewing $44K$21K$22K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $43,579 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,129$11,315
I-9 Program service revenue$0
I-10 Investment incomePrior year $40,178$32,264
I-11 Other revenue$0
I-12 Total revenuePrior year $43,307$43,579
I-13 Grants and similar amounts paidPrior year $26,899$19,874
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $356$1,415
I-18 Total expensesPrior year $27,255$21,289
I-19 Revenue less expensesPrior year $16,052$22,290
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $43,579 across 5 lines filed
VIII-1f All other contributions, gifts and grants$11,315
VIII-1h Total contributions, gifts and grants$11,315
VIII-3 Investment incomeRelated to mission $19,987$19,987
VIII-7 Net gain or loss on sales of assetsRelated to mission $12,277$12,277
VIII-12 Total revenueRelated to mission $32,264$43,579
Part IX · Statement of functional expenses $21,289 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $19,874$19,874
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technologyManagement $240$240
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $100$100
IX-24 Other expenses (24a–d)Programs $875 · Management $200$1,075
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $20,749 · Management $540 · Fundraising $0$21,289
Part X · Balance sheet $1,180,706 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $19,392$24,892
X-2 Savings and temporary cash investmentsStart of year $106,712$122,433
X-11 Publicly traded securitiesStart of year $964,919$1,033,381
X-16 Total assetsStart of year $1,091,023$1,180,706
X-18 Grants payableStart of year $16,839$13,358
X-26 Total liabilitiesStart of year $16,839$13,358
X-32 Total net assets or fund balancesStart of year $1,074,184$1,167,348
X-33 Total liabilities and net assetsStart of year $1,091,023$1,180,706
Part XI · Reconciliation of net assets $1,167,348 net assets at year end
XI-1 Total revenue$43,579
XI-2 Total expenses$21,289
XI-3 Revenue less expenses$22,290
XI-4 Net assets at start of year$1,074,184
XI-5 Net unrealized gains (losses) on investments$68,486
XI-8 Prior period adjustments$2,388
XI-10 Net assets at end of year$1,167,348

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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