Otto & Edna Neely Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Otto & Edna Neely Foundation is a 501(c)(3) organization based in Gilbert, Arizona, registered in 1988, with $1,046,169 in FY2024 revenue. CharityIndex grades it D.
325 S Higley Rd Ste 110, Gilbert, AZ, 85296 EIN 86-0581770 Since 1988
Revenue (FY2024)
$1.0M
▲ 141.1% vs prior year
Expenses (FY2024)
$1.4M
Net assets
$14.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Otto & Edna Neely Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating129 mo reserves · -32% 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 Otto & Edna Neely Foundation: 129 mo reserves · -32% margin earns a D 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 Otto & Edna Neely Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Otto & Edna Neely Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $1.1M (FY2013) to $1.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $14.9M
Operating margin
-32.0%
Spent more than it raised in the latest fiscal year.
Total assets
$14.9M
Total liabilities
$0
Net assets
$14.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,046,169▲141% | $1,380,908▲18.2% | $14,892,999▼2.3% | $14,892,999▼2.3% | 990PF |
| 2023 | $433,897▼49.3% | $1,168,031▼10.5% | $15,247,456▼4.4% | $15,247,456▼4.4% | 990PF |
| 2022 | $856,061▼57.4% | $1,305,306▲12.8% | $15,950,562▼2.8% | $15,950,562▼2.8% | 990PF |
| 2021 | $2,007,320▲242% | $1,157,141▲13.9% | $16,403,061▲5.0% | $16,403,061▲5.0% | 990PF |
| 2020 | $587,712▼68.1% | $1,015,487▲0.1% | $15,616,852▼1.4% | $15,616,852▼1.4% | 990PF |
| 2019 | $1,843,581▲94.1% | $1,014,366▲4.1% | $15,846,246▲5.5% | $15,846,399▲5.5% | 990PF |
| 2018 | $949,608▲124% | $974,142▼3.3% | $15,017,031▼0.2% | $15,018,088▼0.2% | 990PF |
| 2017 | $424,234▲32.0% | $1,007,765▲3.3% | $15,041,565▼3.7% | $15,042,650▼3.7% | 990PF |
| 2016 | $321,480▼92.9% | $975,106▼4.3% | $15,625,096▼4.0% | $15,626,046▼4.0% | 990PF |
| 2015 | $4,554,136▲419% | $1,019,214▲8.9% | $16,278,722▲27.7% | $16,279,579▲27.7% | 990PF |
| 2014 | $878,031▼18.8% | $935,851▲10.0% | $12,743,800▼0.5% | $12,743,671▼0.5% | 990PF |
| 2013 | $1,080,909 | $850,853▲1.7% | $12,801,620▲0.5% | $12,802,139▲0.5% | 990PF |
| 2011 | — | $836,299▲5.8% | $12,736,344▲0.5% | $12,736,344▲0.5% | 990PF |
| 2010 | — | $790,482 | $12,671,909 | $12,671,909 | 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.
Frequently asked questions
- Is Otto & Edna Neely Foundation a legitimate nonprofit?
- Yes. Otto & Edna Neely Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 86-0581770, based in Gilbert, Arizona. Donations are tax-deductible.
- What is Otto & Edna Neely Foundation's EIN?
- Otto & Edna Neely Foundation's Employer Identification Number (EIN) is 86-0581770.
- How much revenue does Otto & Edna Neely Foundation report?
- Otto & Edna Neely Foundation reported $1,046,169 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Otto & Edna Neely Foundation have?
- CharityIndex grades Otto & Edna Neely Foundation D, based on financial health (reserves and operating margin).
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Data for Otto & Edna Neely Foundation (EIN 86-0581770) 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.