Ossoli Foundation Inc
- Assets
- $110.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corbin, KY
- Founding
- 02/2012
- Data as of
- 06/2023
- 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 06/2023, Ossoli Foundation Inc generated $123.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $75.1k during the year ending 06/2023. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
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 |
|---|---|---|---|
Christina Bentley Chairman/director | 0 | $0 | |
Kathy Hoskins Vice Chairman/director | 0 | $0 | |
Diane Mitchell Secretary/director | 0 | $0 | |
Susan Campbell Treasurer/director | 0 | $0 | |
Nettie Sosh Director | 0 | $0 | |
June Martin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $123,261 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $85 |
| Total Revenue | $123,346 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $75,106 |
| Total expenses | $75,106 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,343 |
| Other assets | $0 |
| Total assets | $110,343 |
| Total liabilities | $0 |
| Net assets or fund balances | $110,343 |