Osprey Foundation Inc
- Assets
- $34.7m
- Revenue
- $3.4m
- Investments
- $32.5m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 14-1862154
Organization Overview
Osprey Foundation Inc is located in Towson, MD. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Osprey Foundation Inc 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 12/2023, Osprey Foundation Inc generated $3.4m 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 (5.3%) each year. All expenses for the organization totaled $7.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Osprey Foundation Inc has awarded 207 individual grants totaling $33,355,631. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES CONTRIBUTIONS AND GRANTS TO OTHER TAX-EXEMPT ORGANIZATIONS WHICH ARE INVOLVED IN DIRECT CHARITABLE ACTIVITIES - SEE LIST OF RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Clarke President | 10 | $0 | |
Louis Boorstin Managing Director | 40 | $381,071 | |
Steven Scolari Sec/treasurer | 1 | $0 | |
Lauren Patrick Program Officer | 40 | $60,063 | |
Susan Dundon Director | 20 | $57,847 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arabella Advisors | 12/30/23 | $245,410 |
Wms Partners Llc | 12/30/23 | $206,263 |
Aguaconsult Ltd | 12/30/23 | $82,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $513 |
| Dividends & Interest | $1,173,577 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,973,410 |
| Capital Gain Net Income | $1,973,410 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $242,911 |
| Total Revenue | $3,390,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $381,071 |
| Other employee salaries and wages | $117,910 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,682 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,017 |
| Total operating and administrative expenses | $1,349,057 |
| Contributions, gifts, grants paid | $5,778,000 |
| Total expenses and disbursements | $7,127,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $709,032 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,350,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,168,649 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $158,530 |
| Total assets | $34,682,557 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $94,500 |
| Total liabilities | $94,500 |
Grants Awarded
Over the last fiscal year, Osprey Foundation Inc has awarded $5,778,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ACUMEN FUND INC PURPOSE: UNRESTRICTED | $250,000 |
BURN DESIGN LAB PURPOSE: COOKSTOVES | $123,000 |
CATHOLIC RELIEF SERVICES PURPOSE: UNRESTRICTED | $1,000,000 |
CEDEPCA USA PURPOSE: BIBLICAL, THEOLOGICAL AND PASTORAL TRAINING PROGRAMS | $100,000 |
CONTAINER BASED SANITATION ALLIANCE (CBSA) PURPOSE: AFFORDABLE, SAFE AND DIGNIFIED SANITATION | $50,000 |
CHESAPEAKE BAY FOUNDATION PURPOSE: WATER RESOURCES | $75,000 |