Bernard & Sandra Ottermanfoundation
Only null% goes to programs Strong reserves Growing revenue
Bernard & Sandra Ottermanfoundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2007, with $628,032 in FY2024 revenue. CharityIndex grades it C+.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 26-0705785 Since 2007
Revenue (FY2024)
$628K
▲ 44.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$393K
Net assets
$5.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Bernard & Sandra Ottermanfoundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating156 mo reserves · +37% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bernard & Sandra Ottermanfoundation: 156 mo reserves · +37% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Bernard & Sandra Ottermanfoundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bernard & Sandra Ottermanfoundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $177K (FY2014) to $628K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $5.1M
Operating margin
37.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.1M
Total liabilities
$0
Net assets
$5.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $628,032▲44.3% | $393,308▲12.3% | $5,125,067▲4.8% | $5,125,067▲4.8% | 990PF |
| 2023 | $435,087▲3261% | $350,108▼0.6% | $4,888,932▲2.2% | $4,888,932▲2.2% | 990PF |
| 2022 | $12,944▼96.4% | $352,232▲36.4% | $4,782,953▼6.6% | $4,782,953▼6.6% | 990PF |
| 2021 | $360,845▲32.4% | $258,216▲69.2% | $5,122,241▲2.0% | $5,122,241▲2.0% | 990PF |
| 2020 | $272,542▲157% | $152,632▼10.2% | $5,019,612▲2.4% | $5,019,612▲2.4% | 990PF |
| 2019 | $105,889▲25.7% | $170,048▼7.0% | $4,899,702▼1.3% | $4,899,702▼1.3% | 990PF |
| 2018 | $84,223▼98.0% | $182,908▲5.0% | $4,963,861▼4.1% | $4,963,861▼4.3% | 990PF |
| 2017 | $4,262,374▲2309% | $174,149▲4222% | $5,173,745▲917% | $5,187,618▲919% | 990PF |
| 2014 | $176,935 | $4,029 | $508,866 | $508,866 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Bernard & Sandra Ottermanfoundation a legitimate nonprofit?
- Yes. Bernard & Sandra Ottermanfoundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-0705785, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Bernard & Sandra Ottermanfoundation's EIN?
- Bernard & Sandra Ottermanfoundation's Employer Identification Number (EIN) is 26-0705785.
- How much revenue does Bernard & Sandra Ottermanfoundation report?
- Bernard & Sandra Ottermanfoundation reported $628,032 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Bernard & Sandra Ottermanfoundation have?
- CharityIndex grades Bernard & Sandra Ottermanfoundation C+, based on financial health (reserves and operating margin).
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Data for Bernard & Sandra Ottermanfoundation (EIN 26-0705785) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.