Ourspace World Inc
- Assets
- $238.7k
- Revenue
- $296.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Bowie, MD
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 61-1663030
Organization Overview
Ourspace World Inc, operating under the name OurSpace Acupuncture, is located in Bowie, MD. The organization was established in 2014. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, OurSpace Acupuncture employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. OurSpace Acupuncture 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 12/2022, OurSpace Acupuncture generated $296.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $198.6k during the year ending 12/2022. While expenses have increased by 11.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OURSPACE WORLD IS TO COOPERATIVELY EDUCATE, ORGANIZE, AND SUPPORT GROUPS OF EARTH HEALERS AND LAND STEWARDS. WE HELP SYSTEMATICALLY DISADVANTAGED FARMERS, BUILDERS, HEALERS, AND EDUCATORS ATTAIN SOVEREIGNTY AND SUSTAINABILITY THROUGH PARTNERSHIPS AND WISE RESOURCE ACQUISITION AND MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACH 22: EDUCATION, SKILLS BUILDING, AND TRAINING FOR JOB AND ECONOMIC DEVELOPMENT. OSW'S HISTORICAL MISSION HAS BEEN TO BUILD LEADERSHIP WITHIN THE COMMUNITY BY TEACHING AND TRAINING VALUABLE SKILLS TO INDIVIDUALS IN THE COMMUNITY TO SUPPORT GROWTH OF WHOLE-PERSON HEALTH, SUSTAINABLE HOUSING, EDUCATION. OSW HAS ADDED FARMING, NATURAL BUILDING, AND LAND MANAGEMENT SKILLS TO THIS, AND LAST YEAR TRAINED DOZENS OF PEOPLE IN BASIC FARMING AND ROUGH CARPENTRY LAST YEAR. TO FORMALLY EXTEND OUR EDUCATIONAL SERVICES TO YOUTH, OSW HAS ALSO CREATED TEACH 22: JOURNEYS. JOURNEYS IS DESIGNED TO GIVE STUDENTS A BREAK FROM TECHNOLOGY AND VIRTUAL LEARNING BY GIVING THEM HANDS-ON LEARNING ENRICHMENT IN NATURAL SETTINGS SUCH AS FARMS AND PARKS. THE INITIAL STAGES OF THE PROJECT ARE BEING CONDUCTED IN PARTNERSHIP WITH 5 LOCAL FARMS IN SOUTHERN MARYLAND.
CALABASH: FISCAL SPONSORSHIP. OSW'S FISCAL SPONSORSHIP PROGRAM PROVIDES MANAGEMENT SUPPORT TO MISSION DRIVEN GROUPS ALIGNED WITH OSW'S VISION AND PROGRAM GOALS. OSW MANAGES PROJECT FINANCE AND PROVIDES ADMINISTRATIVE SUPPORT FOR A VARIETY OF INDIVIDUAL PROJECTS RELATED TO OSW'S MISSION.
TUI: COMMUNITY COOPERATIVE SUPPORT. OSW LAUNCHED A NEW INITIATIVE THIS YEAR IN RESPONSE TO EDUCATIONAL AND COMMUITY NEEDS ARISING FROM THE COVID 19 PANDEMIC. OSW PROVIDED TRAINING AND TECHNICAL SUPPORT TO TEAMS AND GROUPS IN PRINCE GEORGE'S COUNTY WHO PRIORITIZED WORKING TOGETHER TO FILL NEEDS ARISING FROM CHALLENGES IMPOSED ON COMMUNITIES DUE TO COVID 19 AND OTHER EMERGENT NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farris Johnson Operations Director | OfficerTrustee | 40 | $44,077 |
Aita Amaize Administrative Director | Trustee | 40 | $5,318 |
Dominic Hosack Board Chair | OfficerTrustee | 2 | $0 |
Adjoa Oriyomi Secretary | OfficerTrustee | 2 | $0 |
Deanna Barath Board Member | Trustee | 2 | $0 |
Cheryl Thompson Vice Board Chair | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $127,481 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,296 |
| Total Program Service Revenue | $15,258 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,481 |
| Grants and other assistance to domestic individuals. | $735 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,394 |
| Compensation of current officers, directors, key employees. | $11,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $13,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,000 |
| Advertising and promotion | $0 |
| Office expenses | $24,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,000 |
| Travel | $5,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130 |
| Interest | $1,363 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,284 |
| Insurance | $2,542 |
| All other expenses | $0 |
| Total functional expenses | $198,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,044 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| 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 | $36,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $238,669 |
| Accounts payable and accrued expenses | $21,028 |
| Grants payable | $1,148 |
| 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 | $520 |
| Total liabilities | $22,696 |
| Net assets without donor restrictions | $171,197 |
| Net assets with donor restrictions | $44,776 |
| 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 | $238,669 |
Grants Awarded
Over the last fiscal year, Ourspace World Inc has awarded $76,117 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ENBLOOM PURPOSE: Capital Campaign for on-farm infrastructure + Big Green DAO for provision of dependable and continuous access to fresh, healthy, local food in their community of focus. | $18,400 |
FARM CREDIT OF THE VIRGINIAS PURPOSE: Food sovereignty project to source fresh produce from small-scale Black farmers in partnership with community based and mutual aid organizations for food distribution | $9,200 |
FOUNTAIN HEIGHTS PURPOSE: Capital Campaign for on-farm infrastructure + Big Green DAO for provision of dependable and continuous access to fresh, healthy, local food in their community of focus. | $48,517 |