Civic Intelligence

Oberkotter Foundation

990PF • Fiscal year 2021 • EIN 23-2686151

Dec 01, 2020 to Nov 30, 2021 • Filed on Jul 05, 2023

1600 Market StreetPhiladelphia, PA 19103-7286

(215) 751-2080

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Source year 2021

Net Margin

79th percentile

41%

Higher net margin than 79% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

59th percentile

$404,011

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2021 filings • $100M-$250M nonprofits • Source year 2021

Asset Growth

49th percentile

9.7%

Faster asset growth than 49% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-18%

Faster revenue growth than 10% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Annualized from 2020 to 2021

Assets

Up

$130,773,093

Up $11,613,594 (+9.7%) from 2020

Net Assets

Up

$130,762,031

Up $11,610,749 (+9.7%) from 2020

Liabilities

Up

$11,062

Up $2,845 (+35%) from 2020

Revenue

Down

$30,304,806

Down $6,475,101 (-18%) from 2020

Expenses

Up

$17,952,973

Up $2,971,901 (+20%) from 2020

Net Income

Down

$12,351,833

Down $9,447,002 (-43%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2011: $80,177,429Liabilities 2011: $3,038,921Net Assets 2011: $77,138,5082011Assets 2012: $80,614,639Liabilities 2012: $185,814Net Assets 2012: $80,428,8252012Assets 2013: $103,670,510Liabilities 2013: $1,799,7192013Assets 2014: $101,938,308Liabilities 2014: $0Net Assets 2014: $101,938,3082014Assets 2015: $98,030,793Liabilities 2015: $0Net Assets 2015: $98,030,7932015Assets 2016: $95,653,386Liabilities 2016: $0Net Assets 2016: $95,653,3862016Assets 2017: $101,808,395Liabilities 2017: $0Net Assets 2017: $101,808,3952017Assets 2018: $105,830,377Liabilities 2018: $0Net Assets 2018: $105,830,3772018Assets 2019: $105,652,379Liabilities 2019: $5,718Net Assets 2019: $105,646,6612019Assets 2020: $119,159,499Liabilities 2020: $8,217Net Assets 2020: $119,151,2822020Assets 2021: $130,773,093Liabilities 2021: $11,062Net Assets 2021: $130,762,0312021Assets 2022: $83,021,123Liabilities 2022: $12,595Net Assets 2022: $83,008,5282022Assets 2023: $89,391,385Liabilities 2023: $17,165Net Assets 2023: $89,374,2202023Assets 2024: $213,766,716Liabilities 2024: $20,394Net Assets 2024: $213,746,3222024

Highlighted filing

2021

Assets$130,773,093
Liabilities$11,062
Net Assets$130,762,031

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2011: $20,029,9802011Expenses 2012: $13,705,5542012Revenue 2013: $52,214,962Expenses 2013: $20,129,714Net Income 2013: $32,085,2482013Revenue 2014: $22,555,165Expenses 2014: $13,589,846Net Income 2014: $8,965,3192014Revenue 2015: $9,963,212Expenses 2015: $13,870,727Net Income 2015: -$3,907,5152015Revenue 2016: $10,912,838Expenses 2016: $13,290,245Net Income 2016: -$2,377,4072016Revenue 2017: $21,536,880Expenses 2017: $13,036,211Net Income 2017: $8,500,6692017Revenue 2018: $23,418,333Expenses 2018: $16,737,714Net Income 2018: $6,680,6192018Revenue 2019: $16,311,607Expenses 2019: $14,439,540Net Income 2019: $1,872,0672019Revenue 2020: $36,779,907Expenses 2020: $14,981,072Net Income 2020: $21,798,8352020Revenue 2021: $30,304,806Expenses 2021: $17,952,973Net Income 2021: $12,351,8332021Revenue 2022: $23,009,013Expenses 2022: $70,481,656Net Income 2022: -$47,472,6432022Revenue 2023: $23,640,065Expenses 2023: $14,743,294Net Income 2023: $8,896,7712023Revenue 2024: $150,007,629Expenses 2024: $15,881,852Net Income 2024: $134,125,7772024

Highlighted filing

2021

Revenue$30,304,806
Expenses$17,952,973
Net Income$12,351,833
Jump To
Filing Snapshot
Filing Period
Dec 1, 2020 to Nov 30, 2021
Signed
Jul 5, 2023
Return Version
2020v4.2
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRUCE A ROSENFIELDTrustee & Executive DirectorFT$400,000$4,011$404,011
TERESA CARAWAYCEO, Hearing FirstFT$310,011$26,300$336,311
AMY NEWNAMAssoc. Exec. DirectorFT$261,150$15,605$276,755
DAVID PIERSONTrusteePT$50,000-$50,000
MILDRED L OBERKOTTERTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Oberkotter Foundation
EIN
23-2686151
Phone
2157512080
Address
1600 MARKET STREET, PHILADELPHIA, PA 19103-7286

Signing Officer

Name
Bruce Rosenfeld
Title
Executive Director
Phone
2157512080
Signed
2023-07-05
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
150 S WARNER ROAD SUITE 310, KING OF PRUSSIA, PA 19406
Preparer
Connie M Lira
Phone
2156433900
Raw XML AppendixShowing 400 of 1,511 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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AccountingFeesSchedule/AccountingFeesDetail/Amt023330
AccountingFeesSchedule/AccountingFeesDetail/Amt18800
AccountingFeesSchedule/AccountingFeesDetail/CategoryTxt0GRANT THORNTON, LLP
AccountingFeesSchedule/AccountingFeesDetail/CategoryTxt1STEPHEN BARRY CPA, LLC
AccountingFeesSchedule/AccountingFeesDetail/DisbursementsCharitablePrpsAmt021335
AccountingFeesSchedule/AccountingFeesDetail/DisbursementsCharitablePrpsAmt14400
AccountingFeesSchedule/AccountingFeesDetail/NetInvestmentIncomeAmt01995
AccountingFeesSchedule/AccountingFeesDetail/NetInvestmentIncomeAmt14400
ActyNotPreviouslyRptExpln/ExplanationTxt0DURING FISCAL YEAR 2021, THE OBERKOTTER FOUNDATION LAUNCHED ITS DIRECT CHARITABLE ACTIVITY, HEARING FIRST'S "STARTS HEAR" PUBLIC AWARENESS CAMPAIGN. THE PURPOSE OF THE CAMPAIGN IS TO BRING AWARENESS TO THE PUBLIC ABOUT THE IMPORTANCE OF HEARING TO BRAIN DEVELOPMENT AND KNOWING THE STATUS OF A NEWBORN'S HEARING SCREENING.
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc0FORM 990-PF, PART XIII, LINE 7:
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc1FORM 990-PF, PART IX-A: - SUMMARY OF DIRECT CHARITABLE ACTIVITIES
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc2FORM 990-PF, PART XV, LINE 2:
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc3AMENDED RETURN
GeneralExplanationAttachment/GeneralExplanationGrp/IdentifierTxt0ELECTION UNDER REG 53.4942(A)-3(C)(2)(VI)
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt0ELECTION TO TREAT UNUSED PRIOR YEAR CORPUS DISTRIBUTIONS AS CURRENT YEAR CORPUS DISTRIBUTIONS:PURSUANT TO REG. 53.4942(A)-3(C)(2)(IV), THIS FOUNDATION ELECTS TO TREAT, AS A CURRENT CORPUS DISTRIBUTION, THE FOLLOWING UNUSED PRIOR TAX YEARS' DISTRIBUTIONS THAT WERE TREATED AS CORPUS DISTRIBUTIONS UNDER REG. 53.4942(A)-3(D)(1)(III) IN THESE PRIOR TAX YEAR(S):TAX YEAR: 2018 AMOUNT: $4,238,170TAX YEAR: 2019 AMOUNT: $2,418,579SIGNED: BRUCE ROSENFIELD, EXECUTIVE DIRECTORDATE: JULY 5, 2023THIS RETURN IS BEING ELECTRONICALLY FILED, THE FORM 8879-TE IS BEING SIGNED BY AN INDIVIDUAL WHO IS ALSO AUTHORIZED TO SIGN THIS ELECTION, BRUCE ROSENFIELD, EXECUTIVE DIRECTOR. THE SIGNATURE ON THE FORM 8879-TE IS DEEMED A SIGNATURE BY AN AUTHORIZED INDIVIDUAL FOR THIS ELECTION. A SIGNED COPY OF THIS ELECTION IS ALSO BEING KEPT ON FILE AS PART OF THE FOUNDATION'S TAX RECORDS.
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt1OBERKOTTER FOUNDATION'S CHARITABLE ACTIVITIESTHE MISSION OF THE OBERKOTTER FOUNDATION (WWW.OBERKOTTERFOUNDATION.ORG) IS TO HELP FAMILIES ENSURE THEIR CHILDREN WHO ARE DEAF OR HARD OF HEARING HAVE OPPORTUNITIES TO REACH THEIR FULL POTENTIAL THROUGH LISTENING AND SPOKEN LANGUAGE (LSL). FAMILIES' NEEDSEARLY LEARNING IS CRITICAL TO A CHILD'S LANGUAGE DEVELOPMENT AND LIFETIME SUCCESS, AND CHILDREN WHO ARE DEAF OR HARD OF HEARING MUST HAVE THE SAME OPPORTUNITIES AS THEIR HEARING PEERS TO CAPITALIZE ON THE CRITICAL EARLY PERIOD FOR BRAIN DEVELOPMENT. FAMILIES MUST HAVE ACCESS TO QUALITY PEDIATRIC AUDIOLOGY AND LISTENING AND SPOKEN LANGUAGE INTERVENTION AS CLOSE TO THEIR BABY'S BIRTH OR ACQUIRED HEARING LOSS AS POSSIBLE. AND FAMILIES MUST BE EMPOWERED AND EQUIPPED TO EFFECTIVELY SUPPORT THEIR BABY'S LEARNING, LANGUAGE AND LITERACY DEVELOPMENT. IT IS A FUNDAMENTAL PRINCIPLE AT OBERKOTTER THAT PARENTS DECIDE THE LANGUAGE AND MODALITY FOR THEIR CHILD TO PURSUE. ALL OF OBERKOTTER'S ACTIVITIES AND INVESTMENTS ARE INTEGRATED AND COORDINATED IN FURTHERANCE OF OUR GOAL OF HELPING CARING ADULTS TO SUPPORT INFANTS AND TODDLERS WHO ARE DEAF OR HARD OF HEARING TO HAVE THE SAME LISTENING, SPOKEN LANGUAGE AND LITERACY OPPORTUNITIES AS THEIR HEARING PEERS. WE CONDUCT OUR WORK BY SUPPORTING PROGRAMS AND PROJECTS THAT RAISE AWARENESS AND INCREASE ACCESS TO EDUCATION, RESOURCES, HEARING TECHNOLOGY AND COORDINATED SERVICES.OUR WORKOUR PAST: SINCE OUR FOUNDING, THE TRUSTEES OF THE OBERKOTTER FOUNDATION HAVE BEEN COMMITTED TO CARRYING OUT THE OBERKOTTER FAMILY'S VISION THAT CHILDREN WHO ARE DEAF OR HARD OF HEARING SHOULD HAVE ACCESS TO LISTENING AND SPOKEN LANGUAGE SERVICES IN THEIR COMMUNITY. OVER OUR36-YEAR HISTORY, WE HAVE AWARDED OVER $400 MILLION TO ORGANIZATIONS SERVING FAMILIES.IN THE LAST YEAR, WE AWARDED $8.5 MILLION TO 38 ORGANIZATIONS FOR PROJECTS TO SUPPORT FAMILIES IN THEIR COMMUNITIES. PROJECTS INCLUDED: - STATE AND REGIONAL COLLABORATIONS TO CONNECT WITH AND SUPPORT FAMILIES IN ACCESSING LSL SERVICES;- INCREASING AND IMPROVING COORDINATED DELIVERY OF AUDIOLOGY AND LSL EARLY INTERVENTION SERVICES;- PROVIDING FOLLOW-UP TESTING AND DIAGNOSTICS;- SUPPORTING LSL ACTIVITIES THROUGH NATIONAL ORGANIZATIONS;- RESEARCH AND EDUCATION RELATED TO BRAIN DEVELOPMENT AND LSL OUTCOMES, COST-EFFECTIVENESS OF EARLY IDENTIFICATION OF HEARING LOSS AND OF DIFFERENT SERVICE DELIVERY MODELS, AND DISPARITIES IN ACCESS TO HEARING HEALTH SERVICES;- RAISING AWARENESS OF LSL AND THE OUTCOMES THAT ARE POSSIBLE FOR CHILDREN WHO ARE DEAF OR HARD OF HEARING;- DELIVERING LSL EARLY INTERVENTION SERVICES, PRESCHOOL SERVICES AND TELE-INTERVENTION; AND- A SPECIAL ROUND OF GENERAL SUPPORT GRANTS TO HISTORIC GRANTEES TO ACKNOWLEDGE OUR APPRECIATION FOR THE CHALLENGES THEY AND THEIR FAMILIES FACED DURING THE FIRST YEAR OF THE PANDEMIC.OUR FUTURE: IN 2021, THE TRUSTEES BEGAN EXPLORING WHAT THE FUTURE WORK OF THE FOUNDATION MIGHT LOOK LIKE. WHILE WE DO NOT KNOW EXACTLY WHAT THAT FUTURE WORK WILL ENTAIL, WE KNOW THAT WE WILL CONTINUE TO FOCUS ON MEETING FAMILIES' NEEDS FOR ACCESS TO ACCURATE INFORMATION AND ACCESS TO COORDINATED PEDIATRIC AUDIOLOGY AND LSL INTERVENTION SERVICES AS CLOSE TO BIRTH OR ONSET OF HEARING LOSS AS POSSIBLE.TO BOOK-END OUR PRIOR 36-YEAR HISTORY AND TO UNDERSCORE THE IMPORTANCE OF CONTINUING TO CARRY OUT THE OBERKOTTER FAMILY'S VISION THAT CHILDREN WHO ARE DEAF SHOULD HAVE ACCESS TO HIGH QUALITY SERVICES IN THEIR COMMUNITY, THE TRUSTEES UNDERTOOK A SPECIAL, ONE-TIME GRANTMAKINGINITIATIVE AND AWARDED OVER $56 MILLION DOLLARS IN OUTRIGHT SUPPORT TO 36 FORMER GRANTEE ORGANIZATIONS PROVIDING LSL SERVICES TO THEIR COMMUNITIES. THE AWARDS WERE ANNOUNCED IN NOVEMBER 2021 AND WILL BE PAID IN EARLY 2022.THE TRUSTEES HAVE DISCONTINUED OUR TWICE-YEARLY FORMAL GRANTMAKING CYCLES AND WILL MAKE ANNOUNCEMENTS WHEN THEY HAVE MADE DECISIONS REGARDING THE FUTURE DIRECTION OF THE FOUNDATION'S WORK.HEARING FIRST: EVERY PARENT NEEDS TO KNOW THE STATUS OF THEIR BABY'S HEARING FIRST
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt2THE OBERKOTTER FOUNDATION DOES NOT ACCEPT UNSOLICITED PROPOSALS. INTERESTED APPLICANTS SHOULD VISIT THE WEBSITE WWW.OBERKOTTERFOUNDATION.ORG FOR INFORMATION ON THE FOUNDATION'SMISSION AND APPLICABLE FUNDING CRITERIA AND GRANT REQUIREMENTS.
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt3THIS RETURN HAS BEEN AMENDED AS FOLLOWS:BOX G - THE AMENDED RETURN BOX HAS BEEN CHECKED.PART II - THE BOX "FOUNDATIONS THAT FOLLOW FASB ASC 958, CHECK HERE AND COMPLETE LINES 24, 25, 29, AND 30" HAS BEEN CHECKED. IT WAS PREVIOUSLY UNCHECKED.PART II, LINE 24, COLUMN (A) - THE AMOUNT INCREASED BY $119,151,282 FROM $0 TO $119,151,282.PART II, LINE 24, COLUMN (B) - THE AMOUNT INCREASED BY $130,762,031 FROM $0 TO $130,762,031.PART II - THE BOX "FOUNDATIONS THAT DO NOT FOLLOW FASB ASC 958, CHECK HERE AND COMPLETE LINES 26 THROUGH 30" HAS BEEN UNCHECKED. IT WAS PREVIOUSLY CHECKED.PART II, LINE 26, COLUMN (A) - THE AMOUNT DECREASED BY $119,151,282 FROM $119,151,282 TO $0.PART II, LINE 26, COLUMN (B) - THE AMOUNT DECREASED BY $130,762,031 FROM $130,762,031 TO $0.PART VII-A, LINE 14 - THE BOOKS IN CARE OF NAME WAS UPDATED FROM BRUCE ROSENFIELD TO BRUCE A. ROSENFIELD.PART VIII, LINE 1 - THE NAME OF THE TRUSTEE & EXECUTIVE DIRECTOR BRUCE ROSENFIELD WAS UPDATED TO BRUCE A. ROSENFIELD.PART VIII, LINE 3 THE SPELLING OF "SQAURE" IN THE ADDRESS FOR BROWN BROTHERS HARRIMAN & CO WAS CORRECTED TO "SQUARE."PART XVI-B - THE LINE NO. REFERENCED WAS UPDATED FROM 11B TO 11A.PAID PREPARER - THE PAID PREPARER WAS UPDATED FROM RUSSLEE ARMSTRONG, PTIN P00288383, GRANT THORNTON LLP, 2001 MARKET STREET, SUITE 700, PHILADELPHIA, PA 19103, FIRM'S EIN 36-6055558, PHONE NO. (215) 561-4200 TO CONNIE M. LIRA, PTIN P00481097, CLIFTONLARSONALLEN LLP, 150 S WARNER ROAD, SUITE 310, KING OF PRUSSIA, PA 19406, FIRMS EIN 41-0746749, PHONE NO. (215) 643-3900.FORM 5471, FORM 8992, FORM 2848, AND A REASONABLE CAUSE STATEMENT EXPLAINING THE DETAILS OF THE NECESSITY TO AMEND THE FORM 990-PF HAVE BEEN ATTACHED TO THIS AMENDED RETURN, NONE OF THESE ITEMS WERE INCLUDED WITH THE ORIGINAL FILING.
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IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc1HAVERFORD TRUST COMPANY
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IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc3BBH GQG PARTNERS EMERGING MARKETS SERIES
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc41818 PARTNERS LP

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$214$0.02$214$150$15.9$134
2023Detailed filing. Detailed filing data is available for this year.$89.4$0.02$89.4$23.6$14.7$8.90
2022Detailed filing. Detailed filing data is available for this year.$83.0$0.01$83.0$23.0$70.5$47.5
2021Detailed filing. Detailed filing data is available for this year.$131$0.01$131$30.3$18.0$12.4
2020Detailed filing. Detailed filing data is available for this year.$119$0.01$119$36.8$15.0$21.8
2019Detailed filing. Detailed filing data is available for this year.$106$0.01$106$16.3$14.4$1.87
2018Detailed filing. Detailed filing data is available for this year.$106$0.00$106$23.4$16.7$6.68
2017Detailed filing. Detailed filing data is available for this year.$102$0.00$102$21.5$13.0$8.50
2016Detailed filing. Detailed filing data is available for this year.$95.7$0.00$95.7$10.9$13.3$2.38
2015Detailed filing. Detailed filing data is available for this year.$98.0$0.00$98.0$9.96$13.9$3.91
2014Detailed filing. Detailed filing data is available for this year.$102$0.00$102$22.6$13.6$8.97
2013Summary only. Only limited summary data is available for this year.$104$1.80$52.2$20.1$32.1
2012Detailed filing. Detailed filing data is available for this year.$80.6$0.19$80.4$13.7
2011Detailed filing. Detailed filing data is available for this year.$80.2$3.04$77.1$20.0