The Osman Foundation Inc
- Assets
- $1.1m
- Revenue
- $125.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Weston, FL
- Founding
- 04/1985
- Data as of
- 11/2023
- EIN
- 59-2450554
Organization Overview
The Osman Foundation Inc is located in Weston, FL. The organization was established in 1985. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 11/2023, Osman Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osman 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 11/2023, Osman Foundation Inc generated $125.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $170.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MADE GRANTS TO OTHER ORGANIZATIONS WHICH ARE INVOLVED IN PROVIDING ASSISTANCE TO DISADVANTAGED CHILDREN OR OTHER CHARITABLE ACTIVITIES.
THE ORGANIZATION PROVIDED ASSISTANCE TO DISADVANTAGED CHILDREN THROUGH THE FOLLOWING PROGRAMS:1. REACH YOUR POTENTIAL - A PROGRAM THAT TEACHES SOCIAL SKILLS THAT REQUIRE COOPERATION THROUGH A SERIES OF OUTDOOR ADVENTURE ACTIVITIES. STUDENTS WORK TOGETHER TO SOLVE PROBLEMS, MAKE DECISIONS AND STRETCH THEIR BOUNDARIES. 2. READ WITH ME- A KINDERGARTEN/1ST GRADE LITERACY PROGRAM THAT UTILIZES VOLUNTEERS FROM THE COMMUNITY TO BUILD READING RELATIONSHIPS WITH STRUGGLING READERS. ONE-ON-ONE ASSISTANCE IS PROVIDED ONCE A WEEK FOR 30 MINUTES DURING THE SCHOOL DAY.3. ENRICHMENT SUMMER CAMPS - PROVIDED THREE, FOUR-DAY ENRICHMENT SUMMER CAMPS FOR CHATHAM COUNTY SCHOOL STUDENTS IN 4TH TO 7TH GRADES DURING THE WEEKS OF JULY 10-13, JULY 17-20, AND JULY 31-AUGUST 3, 2023. 170 STUDENTS WERE SERVED. 4. COMMUNITY PARTNERSHIPS - THROUGHOUT THE YEAR, LOCAL SCHOOLS AND ORGANIZATIONS ARE SELECTED TO RECEIVE OUR SUPPORT. EXAMPLES ARE AS FOLLOWS: A SCHOOL-WIDE STEM CHALLENGE PROGRAM WAS DEVELOPED AND IMPLEMENTED AT A MIDDLE SCHOOL. A LEADERSHIP PROGRAM WAS PROVIDED TO AN AVID HIGH SCHOOL. GROUPS ARE PROVIDED COMPLIMENTARY MEETING SPACE FOR THEIR GATHERINGS. PROFESSIONAL TRAINING SERVICES ARE PROVIDED FOR EDUCATORS AND COMMUNITY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Osman Secretary/treasurer | OfficerTrustee | 20 | $30,000 |
Carole T Epstein Vice President | OfficerTrustee | 0.1 | $0 |
Jack Burstiner President | OfficerTrustee | 2 | $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 | $54,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,387 |
| Total Program Service Revenue | $0 |
| Investment income | $29,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,287 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,370 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $315 |
| Fees for services: Accounting | $9,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,468 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $918 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,505 |
| All other expenses | $0 |
| Total functional expenses | $170,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,940 |
| Savings and temporary cash investments | $7,498 |
| 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 | $1,064,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,113,904 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,113,904 |
| Total liabilities and net assets/fund balances | $1,113,904 |
Grants Awarded
Over the last fiscal year, The Osman Foundation Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAMILLUS HOUSE INC PURPOSE: PROVISION OF FOOD, CLOTHING, SHELTER, COUNSELING AND HEALTH CARE TO POOR AND HOMELESS INDIVIDUALS OF SOUTH FLORIDA | $10,000 |
BROWARD COLLEGE FOUNDATION INC PURPOSE: THE MISSION OF THE BROWARD COLLEGE FOUNDATION IS TO TRANSFORM LIVES THROUGH EDUCATION BY PROVIDING COMMUNITY AWARENESS, ADVOCACY AND FINANCIAL SUPOORT TO BROWARD COLLEGE. | $10,000 |