Nonprofit · EIN 94-3287969
OTTER COVE FOUNDATION
Tax-exempt · CARMEL, CA 93923
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,291,614 | $394,440 | $897,174 | $9,394,757 | $0 | $9,394,757 |
| December 31, 2023 | 990-PF | $627,101 | $536,758 | $90,343 | $8,497,603 | $20 | $8,497,583 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,285,518
- Interest
- $411
- Other income
- $5,685
Expenses
- Grants and similar amounts paid
- $325,000
- Compensation of officers, directors and key employees
- $55,000
- Disbursements for charitable purposes
- $374,152
- Excise tax on investment income
- $17,671
Balance sheet and other
- Total assets, start of year
- $8,497,603
- Total assets, end of year
- $9,394,757
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,394,757
- Fair market value of assets
- $14,487,360
- Qualifying distributions
- $374,152
- Net investment income
- $1,291,614
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GILAN M READ 230 W CARMEL VALLEY ROAD, CARMEL, CA 93924 | DIRECTOR/CFO | 25 | $55,000 |
| JAMES P READ JR 3547 WILKINSON LANE, LAFAYETTE, CA 94549 | PRESIDENT | 3 | $0 |
| MARK PLUMLEY PO Box 27454, SAN FRANCISCO, CA 94127 | Secretary | 1 | $0 |
| MEGAN G LINDBERG 7 VISTA DEL VALLE, LAFAYETTE, CA 94549 | DIRECTOR | 3 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GILAN M READ 230 W CARMEL VALLEY ROAD, CARMEL, CA 93924 | DIRECTOR/CFO | 25 | $55,000 |
| JAMES P READ JR 2025 FOURTH STREET, BERKELEY, CA 94710 | PRESIDENT | 3 | $0 |
| MARK PLUMLEY PO Box 27454, SAN FRANCISCO, CA 94127 | Secretary | 1 | $0 |
| MEGAN G LINDBERG 7 VISTA DEL VALLE, LAFAYETTE, CA 94549 | DIRECTOR | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 316 MID VALLEY CTR 123, CARMEL, CA 93923-8516
- In care of
- % PETER READ
- Signed the 990-PF
- GILAN READ, Director
- Return prepared by
- OBFM Accountants Inc
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3287969 or by the name OTTER COVE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 94-3287969
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $9,394,757
- Income (IRS master file)
- $1,791,614
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,291,614 | $394,440 | $9,394,757 | IRS |
| 990-PF | December 2023 | $627,101 | $536,758 | $8,497,603 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 94-3287969).
Questions about OTTER COVE FOUNDATION
- What is the EIN of OTTER COVE FOUNDATION?
- The employer identification number (EIN) of OTTER COVE FOUNDATION is 94-3287969.
- Is OTTER COVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to OTTER COVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does OTTER COVE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of OTTER COVE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OTTER COVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of OTTER COVE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $55,000 (GILAN M READ, DIRECTOR/CFO).
- How much revenue does OTTER COVE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,291,614, expenses of $394,440 and total assets of $9,394,757 at year end.
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