OBERKOTTER FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- OBERKOTTER FOUNDATION (EIN 23-2686151)
- Tax period
- 2022-12-01 to 2023-11-30
- Filed
- 2024-05-13
- IRS object ID
- 202411349349101981
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-13T12:30:25-05:00 | ReturnTs |
| Tax Period End | 2023-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 S WARNER ROAD SUITE 310 | AddressLine1Txt |
| City | KING OF PRUSSIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232686151 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OBERKOTTER FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OBER | BusinessNameControlTxt |
| Phone | 4054184151 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 MARKET STREET 3500E | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TERESA CARAWAY | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 4054184151 | PhoneNum |
| Signature | 2024-04-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TERESA | PersonFirstNm |
| Person Last | CARAWAY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CONNIE M LIRA | PreparerPersonNm |
| PTIN | P00481097 | PTIN |
| Phone | 2156433900 | PhoneNum |
| Preparation | 2024-04-23 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $137,169,039 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $6,131,890 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $175,878 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $175,878 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,887,577 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,350,180 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $9,816,490 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $31,190,131 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $10,222,346 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $4,628,230 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $12,074 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $23,640,065 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $13,760,478 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $1,243,463 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $51,250 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $1,192,213 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $2,811,456 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $17,436 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $2,794,020 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $530,107 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $1,526 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $528,581 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $196,267 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $196,267 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $28,035 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $882 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $27,153 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $2,028,551 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $483,303 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,727,330 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $150,380 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $27,952 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $149,199 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $149,199 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $212,492 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $212,492 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,469,981 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $29,916 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,467,778 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $10,819,931 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $612,265 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $10,295,033 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,923,363 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,923,363 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $14,743,294 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $612,265 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $14,218,396 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $8,896,771 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $13,148,213 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $14,901,479 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $25,994,009 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $25,994,009 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $63,112,572 | CorporateStockBOYAmt |
| Corporate Stock EOY | $51,632,623 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $99,767,562 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $4,994,222 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $11,752,252 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $11,394,967 | CorporateBondsEOYFMVAmt |
| Other Assets BOY | $12,850 | OtherAssetsBOYAmt |
| Other Assets EOY | $12,501 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $12,501 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $83,021,123 | TotalAssetsBOYAmt |
| Total Assets EOY | $89,391,385 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $137,169,039 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $12,595 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $17,165 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $12,595 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $17,165 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $83,008,528 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $89,374,220 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $83,008,528 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $89,374,220 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $83,021,123 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $89,391,385 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $83,008,528 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $8,896,771 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $91,905,299 | SubtotalAmt |
| Other Decreases | $2,531,079 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $89,374,220 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| Gross Sales Price | $31,190,131 | GrossSalesPriceAmt |
| Cost Or Other Basis | $20,967,785 | CostOrOtherBasisAmt |
| Gain Or Loss | $10,222,346 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $10,222,346 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $10,222,346 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $182,760 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $182,760 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $182,760 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $180,894 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $50,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $230,894 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $48,134 | OverpaymentAmt |
| Applied To ES Tax | $48,134 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | PA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.OBERKOTTERFOUNDATION.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TERESA CARAWAY CEO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4054184151 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 MARKET STREET 3500E | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MILDRED L OBERKOTTER | ||||||||
| 1500 MARKET STREET STE 3500E | PHILADELPHIA | PA | 19102 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| DAVID PIERSON | ||||||||
| 1500 MARKET STREET STE 3500E | PHILADELPHIA | PA | 19102 | TRUSTEE | 10.00 | $75,000 | $0 | $0 |
| LYDIA DENWORTH | ||||||||
| 1500 MARKET STREET STE 3500E | PHILADELPHIA | PA | 19102 | TRUSTEE | 10.00 | $75,000 | $0 | $0 |
| TERESA CARAWAY | ||||||||
| 1500 MARKET STREET STE 3500E | PHILADELPHIA | PA | 19102 | CEO | 40.00 | $342,896 | $9,150 | $1,275 |
| BRUCE ROSENFIELD | ||||||||
| 1500 MARKET STREET STE 3500E | PHILADELPHIA | PA | 19102 | TRUSTEE AND EXECUTIVE DIRECTOR | 40.00 | $400,000 | $9,150 | $0 |
| AMY NEWNAM | ||||||||
| 1500 MARKET STREET STE 3500E | PHILADELPHIA | PA | 19102 | ASSOCIATE EXECUTIVE DIR. TO FEB 2023 | 40.00 | $350,567 | $8,423 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| JACE WOLFE | ||||||||
| 1500 MARKET ST 3500E | PHILADELPHIA | PA | 19102 | SR. VP OF INNOVATION | 40.00 | $233,333 | $0 | $0 |
| LUKE DAVIDSON | ||||||||
| 1500 MARKET ST 3500E | PHILADELPHIA | PA | 19102 | SR. MANAGER, SOFTWAR | 40.00 | $195,812 | $5,518 | $0 |
| WENDELYN DEMOSS | ||||||||
| 1500 MARKET ST 3500E | PHILADELPHIA | PA | 19102 | SR. DIRECTOR, SPECIA | 40.00 | $189,162 | $5,423 | $0 |
| CHRISTEN DANIELS | ||||||||
| 1500 MARKET ST 3500E | PHILADELPHIA | PA | 19102 | SR. DIRECTOR, COMMUN | 40.00 | $182,257 | $5,293 | $0 |
| WESTON ROYER | ||||||||
| 1500 MARKET ST 3500E | PHILADELPHIA | PA | 19102 | DIRECTOR OF TECHNOLO | 40.00 | $176,256 | $4,785 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 18 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MCKINNEY VENTURES LLC | |||||
| 318 BLACKWELL STREET | DURHAM | NC | 27701 | PAID MEDIA CONSULTANT | $1,620,100 |
| EVERYDAY HEALTH INC | |||||
| 114 FIFTH AVENUE 15TH FLOOR | NEW YORK | NY | 10011 | MARKETING AND COMMUNICATIONS CONS. | $1,483,034 |
| FIVESTONE | |||||
| 367 WINDSOR HIGHWAY SUITE 422 | NEW WINDSOR | NY | 12553 | MARKETING AND COMMUNICATIONS CONS. | $661,174 |
| CONLEY LAW GROUP | |||||
| PO BOX 556 | WALLINGFORD | PA | 19086 | LEGAL SERVICES | $160,769 |
| HAVERFORD TRUST COMPANY | |||||
| 3 RADNOR CORPORATE CENTER STE 450 | RADNOR | PA | 19087 | INVESTMENT ADVISOR AND MANAGER | $146,374 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 4 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SUPPORT FAMILIES TO IMPROVE OUTCOMES FOR CHILDREN WHO ARE DEAF OR HARD OF HEARING THROUGH LISTENING AND SPOKEN LANGUAGE THROUGH HEARING FIRST | Description1Txt |
| Expenses1 | $3,695,803 | Expenses1Amt |
| Description2 | SUPPORT FOR STARTS HEAR PUBLIC AWARENESS CAMPAIGN ABOUT THE IMPORTANCE OF HEARING TO BRAIN DEVELOPMENT AND KNOWING THE STATUS OF A NEWBORN'S HEARING SCREENING | Description2Txt |
| Expenses2 | $3,656,575 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $113,281,974 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $24,199,551 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $137,481,525 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $137,481,525 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,062,223 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $135,419,302 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,770,965 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $6,770,965 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $182,760 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $182,760 | TotalTaxAmt |
| Distributable Before Adj | $6,588,205 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $251,919 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $6,840,124 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $6,840,124 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $14,218,396 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $14,218,396 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $6,840,124 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $679,637 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $6,956,018 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $62,449,060 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $70,084,715 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $14,218,396 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $6,840,124 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $7,378,272 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $77,462,987 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $6,131,890 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $71,331,097 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $1,503,765 | ExcessFromYear2Amt |
| Excess From Year1 | $62,449,060 | ExcessFromYear1Amt |
| Excess From Current Year | $7,378,272 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MILDRED L OBERKOTTER | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AG BELL ASSOCIATION FOR THE DEAF AND HARD OF HEARING | ||||||
| 3417 VOLTA PLACE | WASHINGTON | DC | 20007 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $1,440,000 |
| ATLANTA SPEECH SCHOOL | ||||||
| 3160 NORTHSIDE PARKWAY NW | ATLANTA | GA | 30327 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $157,800 |
| CCHAT CENTER - SACRAMENTO | ||||||
| 11100 COLOMA ROAD | RANCHO CORDOVA | CA | 95670 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $200,000 |
| CHILDREN'S HOSPITAL FOUNDATION DBA NORTON CHILDREN'S HOSPITAL FOUNDATION | ||||||
| 234 EAST GRAY STREET SUITE 450 | LOUISVILLE | KY | 40202 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $102,400 |
| CHILD'S VOICE | ||||||
| 180 HANSEN COURT | WOOD DALE | IL | 60191 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $350,000 |
| FOUNDATION FOR HEARING RESEARCH INC WEINGARTEN CHILDREN'S CENTER | ||||||
| 3518 JEFFERSON AVE | REDWOOD CITY | CA | 94062 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $200,000 |
| HOPE SCHOOL | ||||||
| 1821 E SPRAGUE | SPOKANE | WA | 99202 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $64,850 |
| MAYO CLINIC ROCHESTER DIVISION OF GASTROENTEROLOGY & HEPATOLOGY | ||||||
| 200 FIRST STREET SOUTHWEST | ROCHESTER | MN | 55905 | PC | RESEARCH | $250,000 |
| NEW YORK-PRESBYTERIAN FUND INC | ||||||
| 525 E 68TH ST 123 | NEW YORK | NY | 100654870 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $249,381 |
| RADY CHILDREN'S HOSPITAL FOUNDATION | ||||||
| 3020 CHILDRENS WAY MC5005 | SAN DIEGO | CA | 92123 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $110,080 |
| THE HEARING AND SPEECH CENTER | ||||||
| 350 HENRY CLAY BLVD | LEXINGTON | KY | 40502 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $50,000 |
| THE MOOG CENTER FOR DEAF EDUCATION | ||||||
| 12300 SOUTH FORTY DRIVE | ST LOUIS | MO | 63141 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $200,000 |
| UTAH STATE UNIVERSITY | ||||||
| 2615 OLD MAIN HILL | LOGAN | UT | 84322 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $25,000 |
| YALE SCHOOL OF MEDICINE | ||||||
| PO BOX 2038 | NEW HAVEN | CT | 06521 | PC | RESEARCH | $523,852 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,923,363 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ATLANTA SPEECH SCHOOL | ||||||
| 3160 NORTHSIDE PARKWAY NW | ATLANTA | GA | 30327 | PC | LSL SUPPORT-CHILDREN AND FAMILIES | $467,400 |
| MAYO CLINIC ROCHESTER DIVISION OF GASTROENTEROLOGY & HEPATOLOGY | ||||||
| 200 FIRST STREET SOUTHWEST | ROCHESTER | MN | 55905 | PC | RESEARCH | $1,000,000 |
| YALE SCHOOL OF MEDICINE | ||||||
| PO BOX 2038 | NEW HAVEN | CT | 06521 | PC | RESEARCH | $1,047,704 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $2,515,104 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $175,878 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,887,577 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $9,816,490 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (5 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| CLASS ACTION SETTLEMENTS | 01 | $9,688 |
| CASH BACK REWARDS - CREDIT CARD | 01 | $2,346 |
| RETURN OF CAPITAL - ALTERNATIVE INVESTMENTS | 01 | $4,364,237 |
| OTHER INVESTMENT INCOME | 01 | $40 |
| RETURN OF GRANTS | 01 | $251,919 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $17,508,175 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $17,508,175 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | MILDRED L OBERKOTTER | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 MARKET STREET SUITE 3500E | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $6,131,890 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | SECURITIES | NoncashPropertyDesc |
| Fair Market Value | $4,931,890 | FairMarketValueAmt |
| Received | 2023-02-01 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | CategoryTxt |
| Amt | $28,035 | Amt |
| Net Investment Income | $882 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $27,153 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (3 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| OBERKOTTER FOUNDATION'S EXEMPT PURPOSE | FORM 990-PF, PART VIII-A | THE MISSION OF THE OBERKOTTER FOUNDATION (WWW.OBERKOTTERFOUNDATION.ORG) IS TO HELP FAMILIES ENSURE THEIR CHILDREN WHO ARE DEAF OR HARD OF HEARING HAVE OPPORTUNITIES TO REACH THEIR FULL POTENTIAL THROUGH LISTENING AND SPOKEN LANGUAGE (LSL). |
| EXPLANATION OF CHARITABLE ACTIVITIES | FORM 990-PF, PART VIII-A | FAMILIES' NEEDSEARLY LEARNING IS CRITICAL TO A CHILD'S LANGUAGE DEVELOPMENT AND LIFETIME SUCCESS, AND CHILDREN WHO ARE DEAF OR HARD OF HEARING MUST HAVE THE SAME OPPORTUNITIES AS THEIR HEARING PEERS TO CAPITALIZE ON THE CRITICAL EARLY PERIOD FOR BRAIN DEVELOPMENT. FAMILIES MUST HAVE ACCESS TO QUALITY PEDIATRIC AUDIOLOGY AND LISTENING AND SPOKEN LANGUAGE INTERVENTION AS CLOSE TO THEIR BABY'S BIRTH OR ACQUIRED HEARING LOSS AS POSSIBLE. AND FAMILIES MUST BE EMPOWERED AND EQUIPPED TO EFFECTIVELY SUPPORT THEIR BABY'S LEARNING, LANGUAGE AND LITERACY DEVELOPMENT. IT IS A FUNDAMENTAL PRINCIPLE AT OBERKOTTER THAT PARENTS DECIDE THE LANGUAGE AND MODALITY FOR THEIR CHILD TO PURSUE. ALL OF OBERKOTTER'S ACTIVITIES AND INVESTMENTS ARE INTEGRATED AND COORDINATED IN FURTHERANCE OF OUR GOAL OF HELPING CARING ADULTS SUPPORT INFANTS AND TODDLERS WHO ARE DEAF OR HARD OF HEARING TO HAVE THE SAME LISTENING, SPOKEN LANGUAGE AND LITERACY OPPORTUNITIES AS THEIR HEARING PEERS. WE CONDUCT OUR WORK BY SUPPORTING PROGRAMS AND PROJECTS THAT RAISE AWARENESS AND INCREASE ACCESS TO EDUCATION, RESOURCES, HEARING TECHNOLOGY AND COORDINATED SERVICES. OUR WORKSINCE OUR FOUNDING, THE TRUSTEES OF THE OBERKOTTER FOUNDATION HAVE BEEN COMMITTED TO CARRYING OUT THE OBERKOTTER FAMILY'S VISION THAT CHILDREN WHO ARE DEAF OR HARD OF HEARING SHOULD HAVE ACCESS TO LISTENING AND SPOKEN LANGUAGE SERVICES IN THEIR COMMUNITY. OVER OUR 38-YEAR HISTORY, WE HAVE PROVIDED OVER $500 MILLION TO ORGANIZATIONS SERVING FAMILIES.(CONTINUED)IN FALL 2022, THE BOARD OF TRUSTEES AND STAFF EMBARKED ON AN AMBITIOUS JOURNEY TO SET A NEW DIRECTION FOR THE FUTURE OF THE OBERKOTTER FOUNDATION. OUR PRIORITY WAS TO DEVELOP A STRATEGIC PLAN THAT WILL POSITION THE FOUNDATION TO REDEFINE HEARING LOSS FOR THE NEXT GENERATION. IN JUNE 2023, THE BOARD OF TRUSTEES ADOPTED THE 2023-2027 OBERKOTTER FOUNDATION STRATEGIC PLAN GROUNDED IN OUR MISSION TO HELP FAMILIES ENSURE THEIR CHILDREN WHO ARE DEAF OR HARD OF HEARING HAVE OPPORTUNITIES TO REACH THEIR FULL POTENTIAL THROUGH LISTENING AND SPOKEN LANGUAGE. THE PLAN IS DRIVEN BY A SET OF VISIONARY GOALS AND BOLD ACTIONS TO GROW OUR IMPACT AND PAVE THE WAY FOR A MORE INCLUSIVE AND SUPPORTIVE FUTURE FOR CHILDREN AND THEIR FAMILIES: 1. ADVANCE SCIENCE AND INNOVATION TO IMPROVE AUDIOLOGICAL, LISTENING, AND SPOKEN LANGUAGE (LSL), AND LITERACY OUTCOMES FOR CHILDREN WHO ARE DEAF OR HARD OF HEARING. 2. RAISE AWARENESS BROADLY OF THE NEWBORN HEARING SCREENING, THE IMPORTANCE OF HEARING TO BRAIN DEVELOPMENT, AND THAT BABIES WHO ARE DEAF OR HARD OF HEARING ARE LEARNING TO LISTEN AND TALK. 3. INCREASE NATIONWIDE ACCESS TO HEARING TECHNOLOGY, COORDINATED PEDIATRIC AUDIOLOGY AND LSL SERVICES, AND FAMILY SUPPORT. 4. EXPAND THE KNOWLEDGE, SKILLS, AND CONNECTIONS AMONG FAMILIES OF CHILDREN WHO ARE DEAF OR HARD OF HEARING AND THE PROFESSIONALS WHO SUPPORT THEM. 5. EXERCISE NATIONAL LEADERSHIP AS AN EXEMPLARY FOUNDATION. WE KNOW THAT EARLY LEARNING IS CRITICAL TO A CHILD'S LANGUAGE DEVELOPMENT AND LIFETIME SUCCESS, AND CHILDREN WHO ARE DEAF OR HARD OF HEARING SHOULD HAVE THE SAME OPPORTUNITIES AS THEIR HEARING PEERS TO CAPITALIZE ON THE CRITICAL EARLY PERIOD FOR BRAIN DEVELOPMENT. OUR VISION FOR THE FUTURE IS THAT QUALITY PEDIATRIC AUDIOLOGY AND LISTENING AND SPOKEN LANGUAGE INTERVENTION WILL BE AVAILABLE AND AFFORDABLE FOR ALL FAMILIES AS CLOSE AS POSSIBLE TO THEIR BABY'S BIRTH OR ACQUIRED HEARING LOSS, AND FAMILIES WILL BE EMPOWERED AND EQUIPPED TO EFFECTIVELY SUPPORT THEIR BABY'S LEARNING, SPOKEN LANGUAGE, AND LITERACY DEVELOPMENT. IN PURSUIT OF OUR MISSION AND VISION, THE OBERKOTTER FOUNDATION IS POISED TO CREATE TRANSFORMATIVE IMPACT BY DRIVING SCIENCE AND INNOVATION, SPEARHEADING GROUNDBREAKING IMPACT, INFLUENCING PRACTICES, AND FOSTERING COLLABORATIONS TO IMPROVE AUDIOLOGICAL OUTCOMES AND ENHANCE THE DEVELOPMENT OF LISTENING AND SPOKEN LANGUAGE AND LITERACY SKILLS FOR CHILDREN WHO ARE DEAF OR HARD OF HEARING. HEARING FIRST: EVERY PARENT NEEDS TO KNOW THE STATUS OF THEIR BABY'S HEARING FIRST, BECAUSE THE EARLIER A CHILD WITH HEARING LOSS IS IDENTIFIED, AMPLIFIED AND RECEIVING HELP, THE MORE OPPORTUNITIES THAT CHILD WILL HAVE. IN OCTOBER 2015, OBERKOTTER LAUNCHED ITS WHOLLY-OWNED SUBSIDIARY, HEARING FIRST (WWW.HEARINGFIRST.ORG) TO HELP CARING ADULTS SUPPORT INFANTS AND TODDLERS WHO ARE DEAF OR HARD OF HEARING TO HAVE THE SAME LISTENING, SPOKEN LANGUAGE, AND LITERACY OPPORTUNITIES AS THEIR HEARING FRIENDS. FOR CHILDREN WITH HEARING LOSS, THE FIRST DAYS, WEEKS AND MONTHS OF LIFE ARE CRITICAL. HEARING FIRST SUPPORTS FAMILIES DURING THIS PERIOD AND ALL ALONG THEIR JOURNEY RAISING THEIR CHILD. ENTIRELY ONLINE, HEARING FIRST IS AVAILABLE FOR FAMILIES WHEN THEY NEED INFORMATION, A RESOURCE, A CONNECTION WITH ANOTHER FAMILY OR SIMPLY SOMEONE TO TELL THEM WHAT TO DO NEXT. HEARING FIRST REACHES FAMILIES THROUGH THE HEARING FIRST COMMUNITY, ITS SOCIAL PLATFORMS AND, IMPORTANTLY, THE PROFESSIONALS IN A FAMILY'S LIFE. HEARING FIRST EQUIPS PROFESSIONALS WITH THE RESOURCES, COMMUNITY AND LEARNING EXPERIENCES THEY NEED TO IMPROVE OUTCOMES FOR CHILDREN WHO ARE DEAF OR HARD OF HEARING THROUGH LSL. FAMILY SUPPORT: HEARING FIRST EMPLOYS A VARIETY OF TOOLS, ACTIVITIES, AND RESOURCES TO SUPPORT FAMILIES OF CHILDREN WHO ARE DEAF OR HARD OF HEARING AND WHO ARE SEEKING A LISTENING AND SPOKEN LANGUAGE OUTCOME. THE HEARING FIRST FAMILY SUPPORT COMMUNITY HAS OVER 1,900 CURRENT MEMBERS. IN 2023, HEARING FIRST STARTED SHARING WEEKLY VIDEOS ON YOUTUBE TO ANSWER COMMON QUESTIONS PARENTS HAVE ABOUT NAVIGATING THE JOURNEY WITH THEIR CHILD WHO IS DEAF OR HARD OF HEARING. OUR MOST POPULAR FAMILY-DIRECTED RESOURCES, SUCH AS THE FAMILIAR SOUNDS AUDIOGRAM EBOOK AND THE LSL STRATEGIES AND TECHNIQUES DOCUMENT HAVE BEEN DOWNLOADED THOUSANDS OF TIMES. OUR NEWEST FAMILY RESOURCE FOR 2023, THE FIND YOUR WAY GUIDE, OUTLINES THE STEPS FAMILIES CAN TAKE TO REACH A LISTENING AND SPOKEN LANGUAGE OUTCOME.LEARNING EXPERIENCES: HEARING FIRST CONTINUES TO OFFER LISTENING AND SPOKEN LANGUAGE (LSL) AND PEDIATRIC AUDIOLOGY LEARNING EXPERIENCE COURSES TO BOTH FAMILY AND PROFESSIONALS. IN 2023 WE PROVIDED NEW AND VARIED COURSES WITH HIGH-QUALITY, EVIDENCE-BASED EDUCATIONAL CONTENT TO ADVANCE THE LISTENING AND SPOKEN LANGUAGE OUTCOMES OF INFANTS AND CHILDREN WITH HEARING LOSS. THESE LEARNING EXPERIENCES CONTINUE TO HIGHLIGHT THE ADVANCEMENTS AND INNOVATIONS IN THE PEDIATRIC AUDIOLOGY FIELD. HEARING FIRST CONTINUES TO BE AN APPROVED CONTINUING EDUCATION PROVIDER WITH THE AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION (ASHA), AMERICAN ACADEMY OF AUDIOLOGY (AAA), AND THE AG BELL ACADEMY FOR LISTENING AND SPOKEN LANGUAGE AT NO COST TO LEARNERS. THERE HAVE BEEN OVER 36,941 COURSE REGISTRATIONS SINCE THE LAUNCH OF HEARING FIRST ONLINE LEARNING.PROFESSIONAL LEARNING COMMUNITY: SINCE ITS LAUNCH IN OCTOBER 2016, THE PROFESSIONAL LEARNING COMMUNITY (PLC) HAS INCREASED TO 9,500 PROFESSIONAL MEMBERS WHO PROVIDE SERVICES TO CHILDREN WHO ARE DEAF OR HARD OF HEARING AND THEIR FAMILIES. THE PLC OFFERS A PROFESSIONAL HOME FOR LSL & PEDIATRIC AUDIOLOGY PROFESSIONALS TO SHARE IDEAS, DISCUSS IMPORTANT TOPICS, AND IMPROVE THEIR PRACTICE. PROFESSIONS REPRESENTED INCLUDE SPEECH-LANGUAGE PATHOLOGY, PEDIATRIC AUDIOLOGY, DEAF EDUCATION, EARLY INTERVENTION, EARLY CHILDHOOD EDUCATION, PSYCHOLOGY, BEHAVIORAL HEALTH, CHILDCARE, AND ANCILLARY HEALTHCARE PROVIDERS. STARTS HEAR AWARENESS CAMPAIGN: IN FEBRUARY 2023, HEARING FIRST BEGAN THE THIRD YEAR OF THE STARTS HEAR AWARENESS CAMPAIGN (WWW.STARTSHEAR.ORG). THIS CAMPAIGN TARGETS EXPECTANT MOMS TO INFORM THEM ABOUT THE IMPORTANCE OF HEARING FOR BRAIN DEVELOPMENT TO RAISE AWARENESS OF THE NEWBORN HEARING SCREENING (NHS) THEIR CHILD WILL UNDERGO SHORTLY AFTER BIRTH, AND HOW TO FOLLOW UP IN THE EVENT THEIR BABY FAILS THE NHS SCREENING. THE STARTS HEAR AWARENESS CAMPAIGN IS CONDUCTED ENTIRELY ONLINE THROUGH SOCIAL MEDIA AND PAID DIGITAL ADVERTISING CHANNELS TO REACH EXPECTANT MOMS WITH THE MESSAGE ABOUT THE IMPORTANCE OF HEARING HEALTH FOR A CHILD'S DEVELOPMENT. THE CAMPAIGN HAS BEEN ENDORSED BY SUCH ORGANIZATIONS AS: AMERICAN ACADEMY OF AUDIOLOGY, ZERO TO THREE, BRAZELTON TOUCHPOINTS CENTER AND CENTER FOR EARLY LEARNING AND PUBLIC HEALTH. THROUGH CAMPAIGN CHANNELS AND PARTNERSHIPS WITH PARTNERS INCLUDING BABYCENTER, WHAT TO EXPECT, AND THE BUMP, OUR MESSAGES HAVE GARNERED OVER 659 MILLION IMPRESSIONS WITH OUR AUDIENCE TO DATE. THE CAMPAIGN'S 15 SECOND VIDEOS HAVE BEEN VIEWED ALL THE WAY THROUGH NEARLY 90 MILLION TIMES WITH A COLLECTIVE VIEW TIME OF OVER 92,000 HOURS. |
| ELECTION UNDER REG 53.4942(A)-3(C)(2)(VI) | FORM 990-PF, PART XII, LINE 7 | ELECTION TO TREAT UNUSED PRIOR YEAR CORPUS DISTRIBUTIONS AS CURRENT YEAR CORPUS DISTRIBUTIONS:PURSUANT TO REG. 53.4942(A)-3(C)(2)(IV), THIS FOUNDATION ELECTS TO TREAT, AS A CURRENT CORPUS DISTRIBUTION, THE FOLLOWING UNUSED PRIOR TAX YEARS' DISTRIBUTIONS THAT WERE TREATED AS CORPUS DISTRIBUTIONS UNDER REG. 53.4942(A)-3(D)(1)(III) IN THESE PRIOR TAX YEAR(S):TAX YEAR: 2019 AMOUNT: $679,637TAX YEAR: 2020 AMOUNT: $5,452,253SIGNED: TERESA CARAWAY, CEODATE: APRIL 23, 2024THIS RETURN IS BEING ELECTRONICALLY FILED, THE FORM 8879-TE IS BEING SIGNED BY AN INDIVIDUAL WHO IS ALSO AUTHORIZED TO SIGN THIS ELECTION, TERESA CARAWAY, CEO. THE SIGNATURE ON THE FORM 8879-TE IS DEEMED A SIGNATURE BY AN AUTHORIZED INDIVIDUAL FOR THIS ELECTION. A SIGNED COPY OF THIS ELECTION IS ALSO BEING KEPT ON FILE AS PART OF THE FOUNDATION'S TAX RECORDS. |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (4 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BBH LIMITED DURATION FUND CL I, 617,677.15 SH | $6,309,222 | $6,311,717 |
| ISHARES CORE U.S. AGGREGATE BOND ETF, 18,645 SH | $1,980,904 | $1,794,768 |
| T. ROWE PRICE INSTL HIGH YLD MUTUAL FUND CLASS I SHARES, 190,113.003 SH | $1,569,071 | $1,446,760 |
| VANGUARD SHORT TERM CMN SERIES CORPORATE BOND ETF, 24,100 SH | $1,893,055 | $1,841,722 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (67 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABORATORIES, 4,118 SH | $489,157 | $429,466 |
| ACCENTURE LTD, 6,045 SH | $229,894 | $2,013,831 |
| ADOBE INC, 688 SH | $271,689 | $420,375 |
| AIR PRODUCTS & CHEMICALS INC, 1,990 SH | $265,330 | $538,395 |
| ALCON INC COM STK, 7,027 SH | $272,920 | $531,452 |
| ALPHABET INC CL C, 6,644 SH | $103,839 | $889,764 |
| AMAZON.COM INC, 3,030 SH | $457,945 | $442,653 |
| AVANTIS EMERGING MARKETS EQUITY ETF, 39,805 SH | $2,087,072 | $2,196,042 |
| AVANTIS INTERNATIONAL SMALL CAP VALUE ETF, 29,630 SH | $1,738,555 | $1,766,541 |
| AON PLC SHS CL A , 1,900 SH | $512,860 | $624,131 |
| APPLE INC, 20,015 SH | $342,064 | $3,801,849 |
| ARTHUR J GALLAGHER & CO, 2,541 SH | $225,017 | $632,709 |
| BBH PARTNER FUND - INTERNATIONAL EQUITY, 103,650.39 SH | $1,464,104 | $1,529,880 |
| BERKSHIRE HATHAWAY INC-CL B, 2,729 SH | $158,473 | $982,440 |
| BLACKROCK INC, 2,115 SH | $317,836 | $1,588,851 |
| BOOKING HOLDINGS INC COM STK, 153 SH | $276,463 | $478,232 |
| CHEVRON CORP, 3,950 SH | $655,720 | $567,220 |
| COCA-COLA CO, 9,900 SH | $199,650 | $578,556 |
| COPART INC COM STK, 5,844 SH | $68,790 | $293,486 |
| COSTCO WHOLESALE CORP, 3,267 SH | $1,052,024 | $1,936,482 |
| CVS HEALTH CORP, 9,200 SH | $329,255 | $625,140 |
| DIAGEO PLC- SPONSORED ADR, 1,548 SH | $81,317 | $217,602 |
| EATON CORP PLC, 3,100 SH | $564,010 | $705,839 |
| GQG PARTNERS EMERGING MARKETS EQUITY SERIES, 1,314,127.95 SH | $759,455 | $1,314,128 |
| GS GQG PARTNERS INTERNATL OPPORTUNITIES FUND CLASS P, 45,948.182 SH | $805,000 | $873,934 |
| GS TACTICAL TILT OVERLAY FUND CLASS P, 90,961.133 SH | $611,339 | $982,128 |
| HONEYWELL INTERNATIONAL INC, 5,820 SH | $853,456 | $1,140,254 |
| ISHARES CORE MSCI EAFE ETF, 51,300 SH | $3,054,308 | $3,465,315 |
| ISHARES CORE MSCI EMERGING MARKET ETF, 48,390 SH | $1,752,090 | $2,402,564 |
| ISHARES CORE S&P 500 ETF, 1,000 SH | $416,150 | $458,420 |
| ISHARES CORE S&P MID-CAP ETF, 6,655 SH | $663,243 | $1,704,079 |
| ISHARES CORE S&P SMALL-CAP ETF, 32,800 SH | $907,575 | $3,156,672 |
| ISHARES RUSSELL 2000 ETF, 6,695 SH | $622,830 | $1,202,824 |
| ISHARES S&P 500 INDEX FUND CLASS G, 11,860.507 SH | $4,236,544 | $6,369,449 |
| J.P. MORGAN CHASE & CO, 8,500 SH | $298,012 | $1,326,680 |
| JOHNSON & JOHNSON, 3,478 SH | $16,868 | $537,907 |
| KLA CORPORATION, 1,032 SH | $99,855 | $562,048 |
| LINDE PLC, 1,962 SH | $320,709 | $811,817 |
| LOWE'S COMPANIES INC, 5,630 SH | $472,978 | $1,119,413 |
| MASTERCARD, 5,136 SH | $701,090 | $2,125,431 |
| MCKESSON CORP, 1,300 SH | $571,829 | $611,728 |
| MEDTRONIC PLC, 11,810 SH | $972,613 | $936,179 |
| MICROSOFT CORP, 10,244 SH | $2,063,062 | $3,881,554 |
| NESTLE S A SPONS ADR, 1,944 SH | $47,045 | $221,460 |
| NIKE INC, 9,436 SH | $1,099,541 | $1,040,508 |
| ORACLE CORPORATION, 16,388 SH | $611,460 | $1,904,449 |
| PARNASSUS CORE EQUITY FUND INVESTOR CLASS, 39,907.305 SH | $2,092,624 | $2,113,890 |
| PEAR TREE POLARIS FOREIGN VALUE FUND INSTITUTIONAL MUTUAL FD, 39,610.853 SH | $840,000 | $878,173 |
| PEPSICO INC, 5,490 SH | $241,709 | $923,912 |
| PROGRESSIVE CORP OHIO, 3,686 SH | $268,886 | $604,615 |
| RAYTHEON TECHNOLOGIES CORP, 12,510 SH | $900,361 | $1,019,315 |
| S&P GLOBAL INC, 2,170 SH | $622,383 | $902,351 |
| S&P GLOBAL INC COM STK, 950 SH | $326,425 | $395,039 |
| SELECT EQUITY SERIES , 1,057,471.02 SH | $797,848 | $1,057,471 |
| SPDR S&P 600 SMALL CAP GROWTH ETF, 1,000 SH | $72,765 | $74,810 |
| STARBUCKS CORP, 6,300 SH | $360,120 | $625,590 |
| STATE STREET HEDGED INTERNATL DEVELOPED EQUITY INDEX FD CL K, 15,789.647 SH | $1,457,725 | $1,737,493 |
| TEXAS INSTRUMENTS INC, 6,309 SH | $1,153,197 | $963,447 |
| THE 1818 PARTNERS FUND, 9,685,391.63 SH | $4,457,698 | $9,685,392 |
| THERMO FISHER SCIENTIFIC INC, 2,165 SH | $1,065,034 | $1,073,320 |
| TJX COMPANIES, 11,100 SH | $451,651 | $978,021 |
| UNITED PARCEL SERVICE INC CLASS B, 68,837 SH | $472,933 | $10,436,378 |
| UNITEDHEALTH GROUP INC, 3,435 SH | $449,679 | $1,899,452 |
| VANGUARD FTSE EUROPE ETF, 9,950 SH | $686,807 | $613,119 |
| VANGUARD FTSE PACIFIC ETF, 10,700 SH | $616,944 | $742,473 |
| WASTE MANAGEMENT INC, 3,307 SH | $88,522 | $565,464 |
| ZOETIS INC COM STK, 3,045 SH | $88,276 | $537,960 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $196,267 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $196,267 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSIT - RENTAL SPACE AND VENUE | Desc |
| BOY Book Value | $12,850 | BOYBookValueAmt |
| EOY Book Value | $12,501 | EOYBookValueAmt |
| EOYFMV | $12,501 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DONATED STOCK ADJUSTMENT-FMV TO COST | Desc |
| Amt | $2,531,079 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAID MEDIA AND AWARENESS EXPENSES | $3,023,451 | $0 | $3,023,451 |
| SOFTWARE FOR OBERKOTTER AND HEARING FIRST PLATFORMS | $261,411 | $0 | $261,411 |
| INSURANCE | $82,970 | $0 | $82,970 |
| STAFF COMPUTER & SOFTWARE EXPENSES | $77,637 | $0 | $77,637 |
| OFFICE SUPPLIES | $5,522 | $0 | $5,522 |
| BOOKS, SUBSCRIPTIONS AND MEMBERSHIPS | $8,465 | $0 | $8,465 |
| POSTAGE, DELIVERY | $2,189 | $0 | $2,189 |
| EQUIPMENT RENTAL | $1,872 | $0 | $1,872 |
| PRINTING AND COPYING | $3,947 | $0 | $3,947 |
| BANK FEES | $2,203 | $2,203 | $0 |
| LICENSES AND FEES | $314 | $0 | $314 |
| OTHER ALTERNATIVE INVESTMENT LOSS | $0 | $27,713 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CLASS ACTION SETTLEMENTS | $9,688 | $9,688 | $9,688 |
| CASH BACK REWARDS - CREDIT CARD | $2,346 | $2,346 | $2,346 |
| RETURN OF CAPITAL - ALTERNATIVE INVESTMENTS | $4,364,237 | $4,364,237 | |
| OTHER INVESTMENT INCOME | $40 | $40 | $40 |
| RETURN OF GRANTS | $251,919 | $251,919 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 401(K) PLAN CONTRIBUTIONS | Desc |
| BOY Book Value | $12,595 | BOYBookValueAmt |
| EOY Book Value | $17,165 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (7 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| AWARENESS INITIATIVE CONSULTATIVE SERVICES | $699,374 | $0 | $699,374 |
| HF DIGITAL ECOSYSTEM CONSULTATIVE SERVICES | $558,910 | $0 | $558,910 |
| INVESTMENT FEES | $301,221 | $301,221 | $0 |
| ORGANIZATIONAL SUPPORT CONSULTANT SERVICES | $426,998 | $0 | $426,998 |
| IT CONSULTATIVE SERVICES | $32,727 | $0 | $32,727 |
| PAYROLL FEES | $9,321 | $0 | $9,321 |
| ALT INVESTMENT MGMT FEES | $0 | $182,082 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL EXCISE TAXES | $150,000 | $0 | $0 |
| DE FRANCHISE TAX | $380 | $0 | $0 |
| FOREIGN TAXES PAID | $0 | $27,952 | $0 |
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