MONTICELLO, IA

Double O Foundation Inc.

Quick Facts

EIN: 455318744
Location: MONTICELLO, IA
Phone: (319) 480-0316
Category: General
Total Assets: $416K
Annual Income: $16K
IRS Ruling Year: 2014
Organization Type: Non-Operating Foundation
Tax Deductibility: Contributions are deductible

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About This Foundation

Double O Foundation Inc. is a private corporation based in MONTICELLO, IA. The foundation received its IRS ruling in 2014. It holds total assets of $416K. Annual income is reported at $16K. According to available records, Double O Foundation Inc. has made 8 grants totaling $98K, with a median grant of $8K. The foundation has distributed between $8K and $50K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $50K distributed across 2 grants. Individual grants have ranged from $3K to $25K, with an average award of $12K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.

Frequently Asked Questions

What does Double O Foundation Inc. fund?

Double O Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in IA.

How much does Double O Foundation Inc. give in grants?

Double O Foundation Inc. has distributed a total of $98K across 8 grants. The median grant size is $8K, with an average of $12K. Individual grants have ranged from $3K to $25K.

How do I apply for a grant from Double O Foundation Inc.?

Double O Foundation Inc. is a private foundation. To inquire about grants, you can look up the foundation using their EIN (455318744) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.

Where is Double O Foundation Inc. located?

Double O Foundation Inc. is headquartered in MONTICELLO, IA.

Key People & Compensation (2022)

Name	Title	Compensation	Benefits	Total
Richard Ortgies	PRESIDENT	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$11K

2023-58%

Total Assets

$400K

2023+2%

Fair Market Value

$400K

2023

Net Worth

$400K

2023

Grants Paid

$10K

2023

Contributions

2023

Net Investment Income

$18K

2023

Distribution Amount

$19K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Expense Breakdown (2023)

Financial Details (2023)

Total Revenue: $18K
Total Expenses: $11K
Exempt Purpose Expenses: $10K
Required Distribution: $19K
Undistributed Income: $12K
Total Liabilities: $1
Excise Tax: $256
Tax Due: $256

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$98K

Average Grant

$12K

Median Grant

$8K

Unique Recipients

Most Common Grant

$5K

Grant Disbursements by Year

Grant Range

Min$3K

Max$25K

Median: $8K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

IA$98K (8)

Past Grantees

Recipient	Location	Amount	Year
Clean Water ScholarshipsCLEAN WATER FUNDS	Anamosa, IA	$10K	2023
Helping Hungry HandsCLEAN WATER FUNDS	Anamosa, IA	$5K	2021
Wyoming Community Food PantryFOOD PANTRY	Wyoming, IA	$5K	2021
Anamosa Community Food PantryFOOD PANTRY	Anamosa, IA	$3K	2020