Ossoli Foundation Inc
- Assets
- $59.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corbin, KY
- Founding
- 02/2012
- EIN
- 45-3635253
Organization Overview
Ossoli Foundation Inc is located in Corbin, KY. The organization was established in 2012. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ossoli 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 undefined, Ossoli Foundation Inc generated $45.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $29.0k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HOLDS AN ANNUAL EVENT, THE MAY DAY FESTIVAL, TO RAISE FUNDS FOR THE ORGANIZATION. THE FUNDS RAISED FROM ADMISSION TO THIS FESTIVAL ARE USED TO DISTRIBUTE FUNDS TO THE PARTICIPATING SCHOOLS AND OTHER CHARITABLE CAUSES THAT THE BOARD DEEMS APPROPRIATE. INDIVIDUAL CLASSES FROM THE AREA SCHOOLS PERFORM AT THE FESTIVAL. THE ADMISSION PRICE IS THE SOURCE OF FUNDS FOR THE ORGANIZATION. PRIVATE DONATIONS ARE ALSO ACCEPTED IN ORDER TO FURTHER THE EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Champlin Vice Chairman/director | 0 | $0 | |
Christina Bentley Chairman/director | 0 | $0 | |
Gay Nell Conley Treasurer/director | 0 | $0 | |
Sue Weedman Secretary/director | 0 | $0 | |
Sheila Sursa Director | 0 | $0 | |
Angela Disney Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $45,346 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $79 |
| Total Revenue | $45,425 |
| Statement of Expenses | |
|---|---|
| Total expenses | $29,015 |
| Balance Sheet | |
|---|---|
| Total assets | $59,948 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,948 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Van Wert County Foundation Van Wert, OH | $84,063,134 | $5,243,606 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Carrol W Hirsch Ta Brooklyn, OH | $78 | $994,416 |
Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
Knox Education Foundation Knoxville, TN | $6,393,317 | $5,852,579 |