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Otzen Family Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$609k (2023)

Expenses
$135k (2023)

Total Assets
$2.94M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$608,503
Expenses
$135,413
Net Income
$473,090
Net Assets
$2,942,019
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $500,000
82.2%
Interest Revenue $0
Dividends $33,380
5.5%
Sales of Assets $75,123
12.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $119,400
88.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,942,019
Total Liabilities $0
Net Assets $2,942,019
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$254,809
Expenses
$145,238
Net Income
$109,571
Net Assets
$2,125,710
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,549
9.6%
Sales of Assets $230,260
90.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $130,400
89.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,125,710
Total Liabilities $0
Net Assets $2,125,710
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Lucy T Otzen (Vice President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$321,937
Expenses
$123,448
Net Income
$198,489
Net Assets
$3,212,255
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,262
7.5%
Sales of Assets $297,675
92.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $109,033
88.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,212,255
Total Liabilities $0
Net Assets $3,212,255
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Lucy T Otzen (Vice President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$189,498
Expenses
$88,877
Net Income
$100,621
Net Assets
$2,487,156
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $28,523
15.1%
Sales of Assets $160,975
84.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $78,000
87.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,487,157
Total Liabilities $1
Net Assets $2,487,156
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Lucy T Otzen (Vice President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$91,795
Expenses
$90,777
Net Income
$1,018
Net Assets
$1,945,844
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $29,767
32.4%
Sales of Assets $62,028
67.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $80,050
88.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,945,845
Total Liabilities $1
Net Assets $1,945,844
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Lucy T Otzen (Vice President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$36,518
Expenses
$77,874
Net Income
-$41,356
Net Assets
$1,455,331
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $28,404
77.8%
Sales of Assets $8,114
22.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $68,250
87.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,455,331
Total Liabilities $0
Net Assets $1,455,331
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Lucy T Otzen (Vice President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,005
Expenses
$66,742
Net Income
-$41,737
Net Assets
$1,445,395
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $25,005
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $58,700
88.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,445,395
Total Liabilities $0
Net Assets $1,445,395
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Lucy T Otzen (Vice President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,030
Expenses
$68,535
Net Income
-$8,505
Net Assets
$1,268,370
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $21,838
36.4%
Sales of Assets $38,192
63.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $61,200
89.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,268,370
Total Liabilities $0
Net Assets $1,268,370
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Lucy T Otzen (Vice President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,083
Expenses
$64,179
Net Income
-$45,096
Net Assets
$1,196,729
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $19,083
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $58,500
91.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,196,729
Total Liabilities $0
Net Assets $1,196,729
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Lucy T Otzen (Vice President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,239
Expenses
$57,496
Net Income
-$36,257
Net Assets
$1,239,125
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $21,239
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $51,300
89.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,239,125
Total Liabilities $0
Net Assets $1,239,125
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Lucy T Otzen (Vice President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,015
Expenses
$49,324
Net Income
-$37,309
Net Assets
$1,161,245
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $12,015
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,950
89.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,161,245
Total Liabilities $0
Net Assets $1,161,245
Compensation
Key Employees and Officers Compensation Other
Karl G Otzen (President/Director) $0 $0
Lucy T Otzen (Vice President/Director) $0 $0
Liza E Gianares (Director) $0 $0
Leigh W Otzen (Director) $0 $0
Donald J Parker Jr (Treasurer/Manager) $0 $0
Judy Steininger (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,669
Expenses
$53,567
Net Income
-$35,898
Net Assets
$1,001,700
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $22,852
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,450
88.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,001,701
Total Liabilities $1
Net Assets $1,001,700

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$35,209
Expenses
$51,847
Net Income
-$16,638
Net Assets
$950,942
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $11,493
32.6%
Sales of Assets $23,716
67.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,350
91.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $950,943
Total Liabilities $1
Net Assets $950,942

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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