Jeffrey Osborne Foundation
- Assets
- $90.8k
- Revenue
- $99.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 01/2014
- Data as of
- 12/2021
- EIN
- 46-0925456
Organization Overview
Jeffrey Osborne Foundation is located in Providence, RI. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Jeffrey Osborne 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 12/2021, Jeffrey Osborne Foundation generated $99.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $40.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jeffrey Osborne Foundation has awarded 35 individual grants totaling $392,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT MUSIC AND THE ARTS FOR CHILDREN AND FAMILIES, AND SAFE-HAVEN FOR FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JEFFREY OSBORNE CHARITY CLASSIC INCLUDES A CELEBRITY GOLF TOURNAMENT AND A CELEBRITY SOFTBALL GAME, AS WELL AS VARIOUS RELATED EVENTS ATTENDED BY WORLD-CLASS ENTERTAINERS, CELEBRITIES AND SPORTS FIGURES AS WELL AS RHODE ISLANDERS. LIVE MUSIC AND PERFORMANCE WERE FEATURED THROUGHOUT THE EVENTS. THE EVENTS GENERATED AWARENESS FOR IMPORTANT CHARITABLE INITIATIVES IN RI AND PROVIDED AN OPPORTUNITY FOR THE BENEFICIARIES OF FUNDS FROM THE FOUNDATION TO MEET JEFFREY OSBORNE AND MANY OF HIS CLOSE FRIENDS AND COLLEAGUES WHO HAVE JOINED HIM IN THE SUPPORT OF THE CAUSES. THE FUNDS RAISED BY THESE EVENTS WILL BE USED TO SUPPORT SEVERAL ORGANIZATIONS THAT SUPPORT A CONTINUED PUSH FOR MUSIC AND THE ARTS TO CHILDREN AND THEIR FAMILIES AS WELL AS THOSE WHO PROVIDE A SAFE-HAVEN FOR FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold Hackett Treasurer | OfficerTrustee | 5 | $0 |
Jeffrey Osborne President | OfficerTrustee | 5 | $0 |
Tiffany Osborne Robinson Secretary | OfficerTrustee | 5 | $0 |
Sheri Osborne Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $73,189 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,941 |
| Advertising and promotion | $2,000 |
| Office expenses | $1,340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $40,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,803 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,803 |
| Accounts payable and accrued expenses | $350 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $96,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $96,850 |
| Net assets without donor restrictions | -$6,047 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $90,803 |
Grants Awarded
Over the last fiscal year, Jeffrey Osborne Foundation has awarded $50,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE METROPOLITAN REGIONAL CAREER AND TECHNICAL CENTER PURPOSE: GENERAL OPERATIONS | $7,500 |
North Providence, RI PURPOSE: GENERAL OPERATIONS | $7,500 |
East Providence, RI PURPOSE: GENERAL OPERATIONS | $7,500 |
Providence, RI PURPOSE: GENERAL OPERATIONS | $7,500 |
Providence, RI PURPOSE: GENERAL OPERATIONS | $7,500 |
Providence, RI PURPOSE: GENERAL OPERATIONS | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jeffrey Osborne Foundation has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Derek And Leora Kaufman Foundation Greenwich, CT | $2,356,949 | -$62,458 |
Precious Project Inc Lincoln, MA | $1,048,612 | $1,212,257 |
Pink Aid Inc Westport, CT | $1,609,644 | $1,644,742 |
Corey C Griffin Charitable Foundation Framingham, MA | $13,543,276 | $5,178,493 |
Vecna Cares Charitable Tr Burlington, MA | $426,702 | $770,329 |
Shalom Learning Inc Pittsfield, MA | $307,105 | $914,498 |
United Compassion Fund Inc Stamford, CT | $2,965,536 | $1,209,385 |
De Ramel Foundation Newport, RI | $10,636,602 | $1,503,382 |
Simsbury Performing Arts Center Inc Simsbury, CT | $695,774 | $665,770 |
Mildreds Dream Foundation Inc Boston, MA | $118,551 | $345,123 |