Ostberg Foundation
- Assets
- $0.0
- Revenue
- $778.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Alpine, NJ
- Founding
- 04/1980
- Data as of
- 11/2020
- EIN
- 13-2963335
Organization Overview
Ostberg Foundation is located in Alpine, NJ. The organization was established in 1980. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ostberg Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2020, Ostberg Foundation generated $778.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $362.2k during the year ending 11/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ostberg Foundation has awarded 125 individual grants totaling $972,597. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
LISTING OF RECEIPIENTS ATTACHED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry D Ostberg Director | 20 | $0 | |
Sydelle Ostberg Director | 2 | $0 | |
Neal Ostberg Director | 4 | $0 | |
Brent Burns Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $671,514 |
| Interest on Savings | $0 |
| Dividends & Interest | $81,001 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $778,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $12,566 |
| Contributions, gifts, grants paid | $349,675 |
| Total expenses and disbursements | $362,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,441 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,346,368 |
| Other assets | $25,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ostberg Foundation has awarded $349,675 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE OF CHILDREN PURPOSE: SUPPORT | $79,802 |
SEWA PURPOSE: SUPPORT | $63,472 |
BIKUR CHOLIM ORGANIZATION PURPOSE: SUPPORT | $45,938 |
A SERVING HEART PURPOSE: SUPPORT | $25,735 |
ENGLEWOOD HEALTH FOUNDATION PURPOSE: SUPPORT | $25,000 |
Medfield, MA PURPOSE: SUPPORT | $12,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Community Education Building Corp Wilmington, DE | $62,091,900 | $5,409,569 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |
Birthright Israel North America Inc New York, NY | $2,756,137 | $5,688,766 |
Soros Economic Development Fund New York, NY | $190,503,205 | $61,273,314 |