Civic Intelligence

Otsego Endowment Foundation

990 • Fiscal year 2019 • EIN 34-1599038

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

Organization Profilewww.otsego.k12.oh.us/dist endowment
PO Box 176Tontogany, OH 43565

(419) 823-4381

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

0.39x

Higher debt load relative to revenue than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

79th percentile

19%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-41%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$1,091,023

Up $176,897 (+19%) from 2018

Net Assets

Up

$1,074,184

Up $177,732 (+20%) from 2018

Liabilities

Down

$16,839

Down $835 (-4.7%) from 2018

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin87th percentile

Revenue

Down

$43,307

Down $29,920 (-41%) from 2018

Expenses

Down

$27,255

Down $18,620 (-41%) from 2018

Net Income

Down

$16,052

Down $11,300 (-41%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $914,126Liabilities 2018: $17,674Net Assets 2018: $896,4522018Assets 2019: $1,091,023Liabilities 2019: $16,839Net Assets 2019: $1,074,1842019Assets 2020: $1,180,706Liabilities 2020: $13,358Net Assets 2020: $1,167,3482020Assets 2021: $1,406,870Liabilities 2021: $2,314Net Assets 2021: $1,404,5562021Assets 2022: $1,242,976Liabilities 2022: $9,484Net Assets 2022: $1,233,4922022Assets 2023: $1,415,367Liabilities 2023: $29,770Net Assets 2023: $1,385,5972023Assets 2024: $1,597,883Liabilities 2024: $17,670Net Assets 2024: $1,580,2132024

Highlighted filing

2019

Assets$1,091,023
Liabilities$16,839
Net Assets$1,074,184
Open 2019 Filing

Operations Trend

Revenue Growth7th percentile

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

$150K$100K$50K$0Revenue 2018: $73,227Expenses 2018: $45,875Net Income 2018: $27,3522018Revenue 2019: $43,307Expenses 2019: $27,255Net Income 2019: $16,0522019Revenue 2020: $43,579Expenses 2020: $21,289Net Income 2020: $22,2902020Revenue 2021: $89,285Expenses 2021: $24,618Net Income 2021: $64,6672021Revenue 2022: $72,352Expenses 2022: $25,626Net Income 2022: $46,7262022Revenue 2023: $62,124Expenses 2023: $32,961Net Income 2023: $29,1632023Revenue 2024: $121,684Expenses 2024: $22,844Net Income 2024: $98,8402024

Highlighted filing

2019

Revenue$43,307
Expenses$27,255
Net Income$16,052
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$43,307
Mission and Program Overview

Mission

Established to provide enriching, educational opportunities not otherwise available due to budget constraints.

See Schedule O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$896,452$1,074,184▲ $177,732
Investments in Publicly Traded Securities$804,913$964,919▲ $160,006
Savings and Temporary Cash Investments$107,760$106,712▼ $1,048
Cash and Non-Interest-Bearing Accounts$1,453$19,392▲ $17,939
Total Assets$914,126$1,091,023▲ $176,897
Liabilities
Grants Payable$17,674$16,839▼ $835
Total Liabilities$17,674$16,839▼ $835
Net Assets / Fund Balance
Total Net Assets Fund Balance$896,452$1,074,184▲ $177,732
Total Liabilities and Net Assets / Fund Balance$914,126$1,091,023▲ $176,897
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Andrew VollmarCo-Chair
Ashley SevertCo-Chair
Ellen PullinsVice Chair
David SmithTrustee
Jane SpoerlTrustee
Luke SwartzTrustee
Molly ScottTrustee
Steven KendallTrustee
Annette PrehnTreasurer/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,129
Program Service Revenue
$0
Investment Income
$40,178
Other Revenue
$0
All Other Contributions
$3,129
Change in Net Assets
$16,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$26,899
Other Expenses$356
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$26,899--$26,899
Other Expenses-$200-$200
Insurance-$100-$100
Office Expenses-$56-$56
Total Functional Expenses$26,899$356$0$27,255
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

“-- Meetings of the Board of Trustees are contemporaneously documented by written minutes which are distributed to the Board monthly by the Secretary and are formally approved at the following meeting.”

Form 990, Part VI, Section A, Line 8B

“-- Each committtee does not keep written minutes of its meeting, but does report monthly to the Board and any actions are recorded in the monthly Board minutes.”

Form 990, Part VI, Section B, Line 11A

“-- A copy is provided to each Trustee for review and comment. The Board approves the return for filing.”

Form 990, Part VI, Section B, Line 12A-12C

“--The Code of Regulations specifically contain a conflict of interest policy and each Board Trustee is expected to notify the Board if such situation occurs. Each Trustee is required to annually provide in writing any conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“-- The Form 990, 1023, Board of Trustee minutes and any governing documents are available by written request by contacting any Trustee.”

Filing and Contact Details

Filer

Filer Name
Otsego Endowment Foundation
EIN
34-1599038
Phone
4198234381
Address
PO Box 176, Tontogany, OH 43565

Signing Officer

Name
Annette Prehn
Title
Treasurer
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annette Prehn
Formed
1988
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Kress & Company LLC
Address
980 W Poe Road Ste 2, Bowling Green, OH 43402
Preparer
Amanda J Kress
Phone
4194195039
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

“-- Prior period grants that were forfeited to the general fund.”

Form 990, Part I, Line 1

“-- To provide the Otsego school district with enriching educational opportunities not otherwise available through public school funding. Through public support, activities are funded that reinforce many of the lessons being taught in Otsegos classrooms.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1-- Meetings of the Board of Trustees are contemporaneously documented by written minutes which are distributed to the Board monthly by the Secretary and are formally approved at the following meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2-- Each committtee does not keep written minutes of its meeting, but does report monthly to the Board and any actions are recorded in the monthly Board minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3-- A copy is provided to each Trustee for review and comment. The Board approves the return for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4--The Code of Regulations specifically contain a conflict of interest policy and each Board Trustee is expected to notify the Board if such situation occurs. Each Trustee is required to annually provide in writing any conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5-- The Form 990, 1023, Board of Trustee minutes and any governing documents are available by written request by contacting any Trustee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6-- To provide the Otsego school district with enriching educational opportunities not otherwise available through public school funding. Through public support, activities are funded that reinforce many of the lessons being taught in Otsegos classrooms.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part XI, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12a-12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part I, Line 1
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IRS990/WebsiteAddressTxt0www.otsego.k12.oh.us/dist endowment
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-11

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,091,023
Liabilities
$16,839
Net assets
$1,074,184
Revenue
$43,307
Expenses
$27,255
Net income
$16,052
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.58$0.12$0.02$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.42$0.03$1.39$0.06$0.03$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$0.07$0.03$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.40$0.09$0.02$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.18$0.01$1.17$0.04$0.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.09$0.02$1.07$0.04$0.03$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.91$0.02$0.90$0.07$0.05$0.03