Overview
What is Otsego Endowment Foundation?
The Otsego Endowment Foundation (OEF) is a nonprofit organization based in Tontogany, Ohio. With a mission to enrich the educational experiences of around 1,600 students within the Otsego Local Public School District, the foundation approves grants and education awards semi-annually. These funds enable activities that would otherwise be unattainable due to budget constraints within the school system. The primary sources of funding for OEF include an annual dinner raffle, special events, and a donor drive. Established with the purpose of offering enriching educational opportunities unavailable due to budget limitations, OEF plays a crucial role in enhancing the learning environment for the students in its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Otsego Endowment Foundation has received an 80% rating from Charity Navigator, indicating a satisfactory level of accountability and finance management. This score reflects a strong emphasis on financial health and operational transparency, as it is derived solely from the Accountability & Finance beacon. Such a rating is significant as it showcases the foundation's commitment to effectively managing its resources.
Strengths of the organization include a fully independent board, with all 10 members meeting independence criteria, which contributes positively to governance and decision-making processes. Additionally, the foundation demonstrates a high program expense ratio of 96.59%, suggesting that a large majority of its funds are directed towards programmatic activities rather than administrative costs. The organization has also effectively documented board meeting minutes and established a conflict of interest policy, enhancing its operational transparency.
However, while the financial indicators are strong, the rating is based on a single beacon score, which may limit a more comprehensive assessment of the foundation's overall impact and effectiveness in fulfilling its mission. Continued focus on both financial health and programmatic outcomes will be essential for maintaining and potentially improving its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Otsego Endowment Foundation legitimate?
Otsego Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Otsego Endowment Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Otsego Endowment Foundation?
The Otsego Endowment Foundation's mission is centered around providing enriching educational opportunities that are otherwise unavailable due to budget constraints. Established to serve approximately 1,600 students in the local public school district, the foundation approves grants and education awards semi-annually. These funds are essential as they enable activities that would otherwise be financially inaccessible due to budget constraints within the school. The foundation's funding primarily comes from sources like an annual dinner raffle, special events, and a donor drive.
Who is the CEO of Otsego Endowment Foundation?
Robin Belleville is the Treasurer of Otsego Endowment Foundation.
What is the revenue of Otsego Endowment Foundation?
Otsego Endowment Foundation's revenue in 2022 was $72,352.
Who are the executives of Otsego Endowment Foundation and what are their salaries?
There 10 volunteers at Otsego Endowment Foundation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Otsego Endowment Foundation?
Otsego Endowment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Otsego Endowment Foundation
The Otsego Endowment Foundation, established with a mission in mind, aims to offer enriching educational opportunities that are typically unavailable due to budget constraints. This nonprofit organization serves approximately 1,600 students in the Otsego Local Public School District in Ohio. Recognizing the financial limitations of the school system, the Otsego Endowment Foundation steps in to fund activities that enhance the educational experiences of these students. The foundation's grants and education awards are sourced from the semi-annual income generated primarily from an annual dinner raffle, special events, and a donor drive. These funds are invaluable in enabling the school district to provide educational experiences beyond its budgetary means, thereby enriching the learning journey of its students.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Otsego Endowment Foundation is making a significant impact by providing enriching, educational opportunities that would not be available due to budget constraints in the Otsego Local Public School District in Ohio. The foundation's trustees regularly approve grants and education awards to applicants, benefiting approximately 1,600 students in the district. Without the support of Otsego Endowment Foundation, these activities would not be funded, and the students would miss out on valuable educational experiences. The foundation's funding comes primarily from sources such as an annual dinner raffle, special events, and a donor drive, ensuring that vital educational programs can continue to thrive.
This information is meant to be a general summary of Otsego Endowment Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $68,022
- Gross Receipts: $72,352
Assets and Liabilities:
- Total Assets: $1,242,976
- Total Liabilities: $9,484
- Net Assets: $1,233,492
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1988
Principal Officer
Robin Belleville
Main Address
PO BOX 176, TONTOGANY, OH, 43565
NTEE Category
Code: B82 - Education
If you are a representative of Otsego Endowment Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.