Double O Foundation Inc
Double O Foundation Inc is a private foundation focused on mutual and membership benefit, based in Monticello, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $431K in total assets. Net investment income was $17K.
Double O Foundation Inc at a glance
- Total assets
- $431,356
- +3.7% vs 2024
- Revenue (2025)
- $16,686
- +4.1% vs 2024
- Net investment income (2025)
- $16,686
- +4.1% vs 2024
- Expenses (2025)
- $1,428
- +457.8% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Double O Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Double O Foundation Inc gives
- Giving held roughly steady from 2020 to 2023 (+18%). Method
- In 2023 it paid out 51% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $8K (2020) to $30K (2021). In 2023 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Clean Water Scholarships Anamosa, IA | Clean Water Funds | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $431,356 | $16,686 | $1,428 | — | — | — | $16,686 | $20,939 |
| 2024 | $416,098 | $16,036 | $256 | — | — | — | $16,036 | $19,881 |
| 2023 | $400,318 | $18,387 | $10,615 | $10,000 | 1 | $10,000 | $18,387 | $19,464 |
| 2022 | $392,546 | $15,458 | $25,252 | $25,000 | 1 | $25,000 | $15,458 | $19,431 |
| 2021 | $402,340 | $18,901 | $30,400 | $30,000 | 3 | $30,000 | $18,101 | $20,130 |
| 2020 | $413,839 | $12 | $8,850 | $8,450 | 2 | — | — | $20,798 |
| 2019 | $422,677 | $5,900 | $21,770 | $21,370 | 7 | — | — | $21,208 |
Under IRS private-foundation payout rules, Double O Foundation Inc reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Double O Foundation Inc is led by Bruce Smith, President on every filing since 2024 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Bruce Smith
President
On filings since 2024
No compensation reported
Former officers (1)
- Former: Richard Ortgies (2019–2023) — President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Double O Foundation Inc
How large is Double O Foundation Inc?
Double O Foundation Inc reported $431K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $17K.
What is Double O Foundation Inc?
Double O Foundation Inc is a private foundation focused on mutual and membership benefit, based in Monticello, IA. It holds $431K in total assets as of 2025.
Where does Double O Foundation Inc operate?
Double O Foundation Inc has awarded grants in Arkansas, Iowa, Illinois, North Carolina, New York, Washington.
How much is Double O Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Double O Foundation Inc reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Double O Foundation Inc's EIN?
Double O Foundation Inc's EIN (Employer Identification Number) is 45-5318744. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 24, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2019–2024
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Figures come from Double O Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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