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Nonprofiteer
← OTSEGO COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by OTSEGO COMMUNITY FOUNDATION.

Totals

Total revenue
$2,528,294
Total expenses
$2,124,801
Contributions and grants received
$1,537,188
Grants paid
$1,733,220
Program service revenue
$40,368
Investment income
$757,907
Other revenue
$192,831
Total assets, end of year
$10,476,929
Total liabilities, end of year
$1,362,719
Net assets or fund balances, end of year
$9,114,210
Program services expenses (Part IX)
$1,918,492
Management and general expenses
$120,694
Fundraising expenses
$85,615
Program service expenses (Part III)
$1,918,492

Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $13,594

  • 1f · All other contributions, gifts and grants

    $1,523,594

  • 1g · Noncash contributions included above

    $788,334

  • 2a · Program service revenue: AGENCY FUND ADMINISTRATION

    total $40,368 · related or exempt $40,368

  • 3 · Investment income

    total $261,978 · excluded $261,978

  • 7a · Gross sales of assets other than inventory

    securities $3,020,676

  • 7b · Less cost or other basis and sales expenses

    securities $2,524,747

  • 7c · Gain or loss

    securities $495,929

  • 7d · Net gain or loss

    total $495,929 · excluded $495,929

  • 8a · Fundraising events: gross income

    $247,498

  • 8a · Fundraising events: contributions included on line 1c

    $13,594

  • 8b · Fundraising events: direct expenses

    $54,667

  • 8c · Net income from fundraising events

    total $192,831 · excluded $192,831

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,707,770 · program services $1,707,770

  • 2 · Grants to domestic individuals

    total $25,450 · program services $25,450

  • 5 · Compensation of officers, directors and key employees

    total $59,652 · program services $29,826 · management and general $11,930 · fundraising $17,896

  • 7 · Other salaries and wages

    total $107,891 · program services $53,946 · management and general $21,578 · fundraising $32,367

  • 10 · Payroll taxes

    total $13,216 · program services $6,608 · management and general $2,643 · fundraising $3,965

  • 11c · Fees: accounting

    total $86,922 · program services $42,663 · management and general $33,594 · fundraising $10,665

  • 11f · Fees: investment management

    total $31,600 · program services $31,600

  • 12 · Advertising and promotion

    total $9,220 · program services $3,688 · management and general $1,844 · fundraising $3,688

  • 14 · Information technology

    total $673 · program services $202 · management and general $269 · fundraising $202

  • 16 · Occupancy

    total $18,000 · program services $3,600 · management and general $10,800 · fundraising $3,600

  • 17 · Travel

    total $3,039 · program services $1,367 · management and general $1,672

  • 19 · Conferences, conventions and meetings

    total $8,518 · program services $2,555 · management and general $1,325 · fundraising $4,638

  • 23 · Insurance

    total $2,854 · management and general $2,854

  • 24a · Other expenses: PROFESSIONAL DEVELOPMEN

    total $15,843 · program services $1,103 · management and general $13,423 · fundraising $1,317

  • 24b · Other expenses: CREDIT CARD PROCESSING

    total $9,309 · program services $4,469 · management and general $372 · fundraising $4,468

  • 24c · Other expenses: LICENSING AND FILING FE

    total $8,354 · program services $209 · management and general $8,145

  • 24d · Other expenses: MISCELLANEOUS

    total $6,069 · program services $757 · management and general $4,687 · fundraising $625

  • 24e · All other expenses

    total $10,421 · program services $2,679 · management and general $5,558 · fundraising $2,184

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $269,828 · end of year $247,325

  • 2 · Savings and temporary cash investments

    beginning of year $661,110 · end of year $644,335

  • 3 · Pledges and grants receivable

    beginning of year $1,308,765 · end of year $801,686

  • 4 · Accounts receivable

    end of year $3,875

  • 11 · Investments: publicly traded securities

    beginning of year $7,149,992 · end of year $8,696,315

  • 15 · Other assets

    beginning of year $89,814 · end of year $83,393

  • 17 · Accounts payable and accrued expenses

    beginning of year $75 · end of year $63

  • 19 · Deferred revenue

    beginning of year $27,400 · end of year $25,000

  • 25 · Other liabilities

    beginning of year $1,183,057 · end of year $1,337,656

  • 27 · Net assets without donor restrictions

    beginning of year $173,463 · end of year $197,866

  • 28 · Net assets with donor restrictions

    beginning of year $8,095,514 · end of year $8,916,344

Mission and programs · 2023

Mission

ACTIVATE GENEROSITY FOR A STRONG COMMUNITY. THIS IS DONE BY BUILDING ENDOWMENTS, AWARDING GRANTS AMD CONVENING LEADERS.

Activities or mission (Part I)

ACTIVATE GENEROSITY FOR A STRONG COMMUNITY.

  • DONOR ADVISED FUND MANAGEMENT. THE OCF WORKS WITH DONORS WHO WANT TO ENGAGE IN LOCAL PHILANTHROPY. WE HELP TO FIND PROJECTS AND PROGRAMS THAT ALIGN WITH THEIR OBJECTIVES AND DISTRIBUTE GRANTS ACCORDINGLY. 113 GRANTS WERE AWARDED FROM 19 DONOR ADVISED FUNDS.

    Expenses $1,319,412 · Grants $1,449,223 · Revenue $64,078

  • SCHOLARSHIPS FOR HIGHER EDUCATION. MANAGING A COMPETITIVE SCHOLARSHIP PROCESS INCLUDING SIXTEEN UNIQUE SCHOLARSHIP FUNDS. 27 SCOLARSHIPS WERE PROVIDED IN 2023.

    Expenses $38,710 · Grants $25,450

  • THE TORNADO RESPONSE FUND (TRF) OF THE OTSEGO COMMUNITY FOUNDATION (OCF) WAS ESTABLISHED TO PROVIDE A CENTRALIZED OPPORTUNITY FOR DONORS TO INVEST IN DISASTER RELIEF EFFORTS AND A SUPPORT MECHANISM FOR NONPROFIT ORGANIZATIONS RESPONDING TO THE CRISIS. OUR GOAL IS TO WORK COLLABORATIVELY WITH THE NONPROFIT, GOVERNMENT, PHILANTHROPIC AND PRIVATE SECTORS TO ACCELERATE RECOVERY FOR A THRIVING, RESILIENT, AND EVEN STRONGER GAYLORD. THE TRF AWARDS GRANTS TO ORGANIZATIONS THAT ARE ADDRESSING IMMEDIATE RELIEF, SHORT-TERM RECOVERY, AND LONG-TERM REBUILDING. OUR LOCAL NONPROFITS CONTINUE TO DEMONSTRATE INCREDIBLE RESILIENCE, INGENUITY, AND TENACITY AS THEY INCREASE AND ADAPT THEIR PROGRAMS TO MEET THE NEEDS HEIGHTENED BY THE TORNADO.

    Expenses $560,370 · Grants $258,547

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dana Bensinger

    EXECUTIVE DIRECTOR

    Total calculated
    $59,652
    From this org
    $59,652
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

  • Brian Switalski

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • James Camiller

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cherie Nutter

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Justine Hees

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Steve Hutchison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jen Kellogg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Annettte Wells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katy Xenakis-Makowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Forreider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brandie Meisner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tanner Catt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Kussrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Avery Huston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mischa Beyers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
10 July 2024
IRS schema version
2023v5.1
Source object
202442199349300139

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.