2024-11-12T15:08:13-05:00 2023-12-31 453273424 Kress & Company LLC 980 W Poe Road Ste 2 Bowling Green OH 43402 990 2023-01-01 341599038 OTSEGO ENDOWMENT FOUNDATION OTSE PO BOX 176 TONTOGANY OH 43565 ROBIN BELLEVILLE TREASURER 4198234381 2024-11-12 true true Amanda J Kress CPA P00501025 4194195039 2024-11-12 X 2023 2024-10-15 13:58:12Z 62124 false X N/A X 1988 OH ESTABLISHED TO PROVIDE ENRICHING, EDUCATIONAL OPPORTUNITIES NOT OTHERWISE AVAILABLE DUE TO BUDGET CONSTRAINTS. 8 8 0 8 0 0 4330 814 0 68022 61310 0 72352 62124 24329 26531 0 0 0 0 1297 6430 25626 32961 46726 29163 1242976 1415367 9484 29770 1233492 1385597 ESTABLISHED TO PROVIDE ENRICHING, EDUCATIONAL OPPORTUNITIES NOT OTHERWISE AVAILABLE DUE TO BUDGET CONSTRAINTS. false false 32661 26531 61310 THE OTSEGO ENDOWMENT FOUNDATION (OEF) TRUSTEES SEMI-ANNUALLY APPROVE GRANTS AND EDUCATION AWARDS TO APPLICANTS WHO REQUEST MONIES FOR ACTIVITIES THAT ENRICH THE EDUCATION OF THE APPROXIMATELY 1,600 STUDENTS OF THE OTSEGO LOCAL PUBLIC SCHOOL DISTRICT IN OHIO. WITHOUT OEF, THESE ACTIVITIES WOULD NOT BE FUNDED DUE TO SCHOOL BUDGET CONSTRAINTS. APPROVED GRANTS AND EDUCATION AWARDS ARE LIMITED TO SEMI-ANNUAL INCOME FROM INVESTMENTS. FUNDING FOR OEF IS PRIMARILY GENERATED BY AN ANNUAL DINNER RAFFLE, SPECIAL EVENTS AND A DONOR DRIVE. 32661 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 0 true false false false false false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true false false false false false OH X ROBIN BELLEVILLE 4198234381 PO BOX 176 TONTOGANY OH 43565 X GORDON DIGBY TRUSTEE 1.00 0.00 X 0 0 0 ELLEN PULLINS TRUSTEE 1.00 0.00 X 0 0 0 LUKE SWARTZ TRUSTEE 1.00 0.00 X 0 0 0 DAVID SMITH TRUSTEE 1.00 0.00 X 0 0 0 STEVEN KENDALL TRUSTEE 1.00 0.00 X 0 0 0 ROBIN BELLEVILLE TREASURER 2.00 0.00 X X 0 0 0 ANDREW VOLLMAR CO-PRESIDENT 2.00 0.00 X X 0 0 0 ERIN STICKEL CO-PRESIDENT 2.00 0.00 X X 0 0 0 0 0 0 0 false false false 814 814 24574 24574 36736 36736 36736 36736 62124 61310 0 0 26531 26531 70 70 100 100 STATE FEES 200 200 COMMERATIVE BRICKS 6060 6060 32961 32661 300 0 10925 59680 166757 138503 1065294 1217184 1242976 1415367 9484 29770 9484 29770 X 1233492 1385597 1233492 1385597 1242976 1415367 29163 122431 511 0 X false false false X 3129 11315 5789 4330 814 25377 3129 11315 5789 4330 814 25377 25377 19259 19987 19560 22424 24574 105804 131181 0.19350 0.27390 X 10 Facts and Circumstances Test Part II line 17a or 17b OEF 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. 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. Explanation of other changes in net assets or fund balances Part XI line 9 PRIOR PERIOD GRANTS THAT WERE FORFEITED TO THE GENERAL FUND.