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Otto & Edna Neely Foundation
Gilbert, AZ · EIN 860581770 · Form 990PF · FY2022 · Small ($100K-$1M) · neelyfoundation.com
revenue
$856K
expenses
$317K
net assets
$16.0M
employees
—
profile · synthesized from sources

Private foundation established by Otto and Edna Neely that provides academic scholarships and charitable grants to nonprofit organizations in Arizona. Scholarships support full-time undergraduate students from specific Arizona high schools attending designated colleges and universities. The foundation also funds a range of community causes including food banks, medical clinics, youth programs, and religious ministries.

named programs · 2 · from sources

what they call their work

Community Grant Program
Provides funding to nonprofit organizations in Arizona supporting causes such as food security, medical care, youth leadership, and religious ministries
Neely Foundation Scholarship
Four-year renewable scholarship for Arizona high school graduates attending designated colleges and universities in Arizona, requiring full-time enrollment and a 2.5 GPA
activities · 2 groups

what they do

  • Arizona-Based College Scholarship Programs 2 activities
    • Academic Scholarship Program
      Funds academic scholarships for students at select colleges and universities in Arizona, supporting first-generation college students and providing scholarships for up to four consecutive academic years for qualified students.
    • Administers multi-year academic scholarships for students in Arizona
      Offers scholarships to qualified students, including first-generation college students, at select colleges and universities in Arizona, with support available for up to four consecutive academic years.
  • Uncategorized 2 activities
    • Grantmaking to Arizona Nonprofits
      Provides charitable grants to a diverse range of nonprofit organizations in Arizona, including food banks, medical clinics, homeless shelters, and Christian ministries.
    • Provides charitable grants to nonprofit organizations in Arizona
      Distributes grants to a diverse range of nonprofit organizations across Arizona, including food banks, medical clinics, homeless shelters, and Christian ministries.
financials · form 990PF · fy2022
revenue
Total revenue$856K
Contributions & grants——
Program service revenue——
Investment income$178K21%
Other revenue$668K
expenses
Total expenses$317K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$128K
Grants paid out$988K
balance sheet
Total assets$15.95M
Cash—
Investments—
Liabilities—
Net assets$15.95M
2 years on record · 2020–2022 · YoY revenue +45.7%
leadership · form 990 part vii · fy2022

who runs it

paid leadership · 7
NameTitleHours/wkCompensation
Gregory L Bamford Director 4 $46K
Cliff Saylor President 4 $34K
Steven D Todd Director 2 $21K
John C Gemmill Director 2 $12K
Walter Delecki Director 2 $12K
Ashley Trussell Director 2 $2K
Shelley Nelson Director 2 $2K
relationships · 5

who they work with

  • Arizona State University Partner — Participating university for scholarship recipients.
  • Christian ministries Partner — Provides grants to Christian ministries as part of its funding portfolio.
  • Grand Canyon University Partner — Participating university for scholarship recipients.
  • Northern Arizona University Partner — Participating university for scholarship recipients.
  • University of Arizona Partner — Participating university for scholarship recipients.