Civic Intelligence

Otsego Endowment Foundation

990 • Fiscal year 2020 • EIN 34-1599038

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

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

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.31x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

90th percentile

51%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

55th percentile

8.2%

Faster asset growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

0.6%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$1,180,706

Up $89,683 (+8.2%) from 2019

Net Assets

Up

$1,167,348

Up $93,164 (+8.7%) from 2019

Liabilities

Down

$13,358

Down $3,481 (-21%) from 2019

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin90th percentile

Revenue

Up

$43,579

Up $272 (+0.6%) from 2019

Expenses

Down

$21,289

Down $5,966 (-22%) from 2019

Net Income

Up

$22,290

Up $6,238 (+39%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth55th 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

2020

Assets$1,180,706
Liabilities$13,358
Net Assets$1,167,348
Open 2020 Filing

Operations Trend

Revenue Growth49th 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

2020

Revenue$43,579
Expenses$21,289
Net Income$22,290
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$43,579
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$1,074,184$1,167,348▲ $93,164
Investments in Publicly Traded Securities$964,919$1,033,381▲ $68,462
Savings and Temporary Cash Investments$106,712$122,433▲ $15,721
Cash and Non-Interest-Bearing Accounts$19,392$24,892▲ $5,500
Total Assets$1,091,023$1,180,706▲ $89,683
Liabilities
Grants Payable$16,839$13,358▼ $3,481
Total Liabilities$16,839$13,358▼ $3,481
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,074,184$1,167,348▲ $93,164
Total Liabilities and Net Assets / Fund Balance$1,091,023$1,180,706▲ $89,683
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Andrew VollmarCo-Chair
Ashley TathamCo-Chair
Ellen PullinsVice Chair
David SmithTrustee
Erin Limes - StickelTrustee
Gordon DigbyTrustee
Jane SpoerlTrustee
Luke SwartzTrustee
Molly ScottTrustee
Steven KendallTrustee
Annette PrehnTreasurer/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$11,315
Program Service Revenue
$0
Investment Income
$32,264
Other Revenue
$0
All Other Contributions
$11,315
Change in Net Assets
$22,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$19,874
Other Expenses$1,415
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$19,874--$19,874
Other Expenses$875$200-$875
Information Technology-$240-$240
Insurance-$100-$100
Total Functional Expenses$20,749$540$0$21,289
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
2021-11-10
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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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt047221
IRS990ScheduleA/TotalSupportAmt0139564
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Applications for grants are solicited from faculty, school personnel, volunteers and community members of the Otsego Local School District. Grants and education awards are awarded only for submissions that will benefit the school district. All recipients must submit receipts for proof of purchase. No grants exceeded 5,000 in 2020.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0-- Prior period grants that were forfeited to the general fund.
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Otsego Local Schools
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0346401543
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0K-12 Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt018505 Tontogany Creek
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Tontogany
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd043565
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01091023
IRS990/TotalAssetsEOYAmt01180706
IRS990/TotalAssetsGrp/BOYAmt01091023
IRS990/TotalAssetsGrp/EOYAmt01180706
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt011315
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0540
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt020749
IRS990/TotalFunctionalExpensesGrp/TotalAmt021289
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016839
IRS990/TotalLiabilitiesEOYAmt013358
IRS990/TotalLiabilitiesGrp/BOYAmt016839
IRS990/TotalLiabilitiesGrp/EOYAmt013358
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01074184
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01167348
IRS990/TotalProgramServiceExpensesAmt020749
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt032264
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt043579
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01091023
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01180706
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 176
IRS990/USAddress/CityNm0Tontogany
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043565
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.otsego.k12.oh.us/dist endowment
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Annette Prehn
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Otsego Endowment Foundation
ReturnHeader/Filer/BusinessNameControlTxt0OTSE
ReturnHeader/Filer/EIN0341599038
ReturnHeader/Filer/PhoneNum04198234381
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 176
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043565

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,180,706
Liabilities
$13,358
Net assets
$1,167,348
Revenue
$43,579
Expenses
$21,289
Net income
$22,290
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