Nonprofit · EIN 26-0705785
BERNARD & SANDRA OTTERMANFOUNDATION
Tax-exempt · WILMINGTON, DE 19809
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-PF | $628,032 | $393,308 | $234,724 | $5,125,067 | $0 | $5,125,067 |
| July 31, 2024 | 990-PF | $435,087 | $350,108 | $84,979 | $4,888,932 | $0 | $4,888,932 |
| July 31, 2023 | 990-PF | $12,944 | $352,232 | -$339,288 | $4,782,953 | $0 | $4,782,953 |
Financial details: 990-PF for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $120,805
- Interest
- $4,731
- Net gain from sales of assets
- $502,496
Expenses
- Grants and similar amounts paid
- $341,989
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $361,152
- Excise tax on investment income
- $8,361
Balance sheet and other
- Total assets, start of year
- $4,888,932
- Total assets, end of year
- $5,125,067
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,125,067
- Fair market value of assets
- $7,271,985
- Qualifying distributions
- $361,152
- Net investment income
- $626,782
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sharon Otterman Agashiwala Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Sec | 1 | $0 |
| Michael Otterman Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Treas | 1 | $0 |
| Michelle Otterman Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Vice-Chair | 1 | $0 |
| Sandra Otterman Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 1 | $0 |
990-PF for the year ended July 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sharon Otterman Agashiwala Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Sec | 1 | $0 |
| Michael Otterman Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Treas | 1 | $0 |
| Michelle Otterman Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Vice-Chair | 1 | $0 |
| Sandra Otterman Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 1 | $0 |
990-PF for the year ended July 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sharon Otterman Agashiwala Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Sec | 1 | $0 |
| Michelle Emmett Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Vice-Chair | 1 | $0 |
| Michael Otterman Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Treas | 1 | $0 |
| Sandra Otterman Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 1 | $0 |
Address and contacts
- Address (IRS master file)
- FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
- In care of
- % FOUNDATION SOURCE
- Signed the 990-PF
- Michael Otterman, Treasurer
- Phone
- (800) 839-1754
- Return prepared by
- Foundation Source
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-PF on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-PF on file |
IRS record
- EIN
- 26-0705785
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- July
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $5,125,067
- Income (IRS master file)
- $2,611,402
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | July 2025 | $628,032 | $393,308 | $5,125,067 | XML |
| 990-PF | July 2024 | $435,087 | $350,108 | $4,888,932 | XML |
| 990-PF | July 2023 | $12,944 | $352,232 | $4,782,953 | XML |
| 990-PF | July 2022 | – | – | – | IRS |
| 990-PF | July 2021 | – | – | – | IRS |
| 990-PF | July 2020 | – | – | – | IRS |
| 990-PF | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-0705785).
Questions about BERNARD & SANDRA OTTERMANFOUNDATION
- What is the EIN of BERNARD & SANDRA OTTERMANFOUNDATION?
- The employer identification number (EIN) of BERNARD & SANDRA OTTERMANFOUNDATION is 26-0705785.
- Is BERNARD & SANDRA OTTERMANFOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to BERNARD & SANDRA OTTERMANFOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BERNARD & SANDRA OTTERMANFOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BERNARD & SANDRA OTTERMANFOUNDATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BERNARD & SANDRA OTTERMANFOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended July 2025.
- Who are the officers and directors of BERNARD & SANDRA OTTERMANFOUNDATION?
- The 990-PF for the year ended July 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does BERNARD & SANDRA OTTERMANFOUNDATION have?
- On its 990-PF for the year ended July 31, 2025 it reported revenue of $628,032, expenses of $393,308 and total assets of $5,125,067 at year end.
Other nonprofits in WILMINGTON
- SHELBY CULLOM DAVIS CHARITABLE FUND INC EIN 20-3734688 · last filed 990-PF for 2024
- FEIGIN FOUNDATION EIN 33-6443165 · last filed 990-PF for 2025
- SMILOW FOUNDATION INC EIN 92-1388481 · last filed 990-PF for 2024
- AMERICAN GIFT FUND EIN 51-6506426 · last filed 990 for 2024
- JOHN & TAMI MARICK FOUNDATION INC EIN 46-2345457 · last filed 990-PF for 2024
- ESSEX AVENUE FOUNDATION EIN 85-1891431 · last filed 990-PF for 2024
- THE GRATEFUL LIVES FOUNDATION EIN 32-6402383 · last filed 990 for 2024
- DELAWARE COMMUNITY FOUNDATION EIN 22-2804785 · last filed 990 for 2025
All nonprofits in WILMINGTON · Delaware · Philanthropy, voluntarism and grantmaking foundations