Civic Intelligence

Otsego Endowment Foundation

990 • Fiscal year 2023 • EIN 34-1599038

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

Organization ProfileN/A
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

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.48x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

89th percentile

47%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

69th percentile

14%

Faster asset growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-14%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$1,415,367

Up $172,391 (+14%) from 2022

Net Assets

Up

$1,385,597

Up $152,105 (+12%) from 2022

Liabilities

Up

$29,770

Up $20,286 (+214%) from 2022

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin89th percentile

Revenue

Down

$62,124

Down $10,228 (-14%) from 2022

Expenses

Up

$32,961

Up $7,335 (+29%) from 2022

Net Income

Down

$29,163

Down $17,563 (-38%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2023

Assets$1,415,367
Liabilities$29,770
Net Assets$1,385,597
Open 2023 Filing

Operations Trend

Revenue Growth21st 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

2023

Revenue$62,124
Expenses$32,961
Net Income$29,163
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$62,124
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,233,492$1,385,597▲ $152,105
Investments in Publicly Traded Securities$1,065,294$1,217,184▲ $151,890
Savings and Temporary Cash Investments$166,757$138,503▼ $28,254
Cash and Non-Interest-Bearing Accounts$10,925$59,680▲ $48,755
Total Assets$1,242,976$1,415,367▲ $172,391
Liabilities
Grants Payable$9,484$29,770▲ $20,286
Total Liabilities$9,484$29,770▲ $20,286
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,233,492$1,385,597▲ $152,105
Total Liabilities and Net Assets / Fund Balance$1,242,976$1,415,367▲ $172,391
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Andrew VollmarCo-president
Erin StickelCo-president
David SmithTrustee
Ellen PullinsTrustee
Gordon DigbyTrustee
Luke SwartzTrustee
Steven KendallTrustee
Robin BellevilleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$814
Program Service Revenue
$0
Investment Income
$61,310
Other Revenue
$0
All Other Contributions
$814
Change in Net Assets
$29,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$26,531
Other Expenses$6,430
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$26,531--$26,531
Other Expenses$6,060$200-$6,060
Insurance-$100-$100
Office Expenses$70--$70
Total Functional Expenses$32,661$300$0$32,961
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
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

Governing body meeting documentation Part VI 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.”

Committee meeting documentation Part VI line 8B

“Each committee 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 governing body review Part VI line 11

“A copy is provided to each trustee for review and comment. The board approves the return for filing.”

Conflict of interest policy compliance Part VI line 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.”

Governing documents etc available to public Part VI 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
Address
PO BOX 176, TONTOGANY, OH 43565

Signing Officer

Name
Robin Belleville
Title
Treasurer
Phone
4198234381
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

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

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

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

Raw XML Appendix342 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OEF CONTINUES TO HAVE MORE THAN 10% PUBLIC SUPPORT. ADDITIONALLY, IT SOLICITS THE PUBLIC FOR DONATIONS VIA FLYERS, SCHOOL ANNOUNCEMENTS AND WEBSITE, AND COMMUNITY EVENTS. BECAUSE THE ARTICLES CALL FOR GRANTS TO BE BASED ON THE INCOME DERIVED FROM INTEREST AND DIVIDENDS, THE BOARD INVESTED IN HIGH INCOME INVESTMENTS TO MAXIMIZE GRANTS. THOSE INVESTMENTS HAVE OUTPACED THE DONATIONS AT THIS TIME, CAUSING THE DECREASE IN PUBLIC SUPPORT PERCENTAGE. OEF IS USING THE INCOME TO SUPPORT EDUCATIONAL OPPORTUNITIES BY GRANTING IT TO THE COMMUNITY APPLICANTS. BASED ON THESE FACTS, OEF MEETS THE PUBLIC SUPPORT TEST.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEETINGS 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/ExplanationTxt1EACH COMMITTEE 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/ExplanationTxt2A COPY IS PROVIDED TO EACH TRUSTEE FOR REVIEW AND COMMENT. THE BOARD APPROVES THE RETURN FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE FORM 990, 1023, BOARD OF TRUSTEE MINUTES AND ANY GOVERNING DOCUMENTS ARE AVAILABLE BY WRITTEN REQUEST BY CONTACTING ANY TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD GRANTS THAT WERE FORFEITED TO THE GENERAL FUND.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
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ReturnHeader/ReturnTs02024-11-12T15:08:13-05:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
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ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,415,367
Liabilities
$29,770
Net assets
$1,385,597
Revenue
$62,124
Expenses
$32,961
Net income
$29,163
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