Osa Foundation Inc
- Assets
- $35.0m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 71-0913500
Organization Overview
Osa Foundation Inc, operating under the name Optica Foundation, is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. Optica 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, Optica Foundation generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $771.9k during the year ending 12/2021. While expenses have increased by 6.1% 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.
Since 2016, Optica Foundation has awarded 13 individual grants totaling $151,750. 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
THE FOUNDATION IS AN AFFILIATE OF OPTICA AND WAS CREATED TO SUPPORT PHILANTHROPIC ACTIVITIES THAT FORWARD OPTICA'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE PHILANTHROPIC WORK OF THE OPTICA IN PROMOTING THE GENERATION, APPLICATION, ARCHIVING AND WORLDWIDE DISSEMINATION OF KNOWLEDGE IN OPTICS AND PHOTONICS.
AWARDS, GRANTS AND SCHOLARSHIPS GIVEN TO THOSE OUTSTANDING IN THE FIELDS OF OPTICS AND PHOTONICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Stark Executive Director | Officer | 18.75 | $0 |
Eric Mazur Chair | Officer | 5 | $0 |
George Bayz Secretary/treasurer | Officer | 5 | $0 |
Alexander Sawchuk Past Chair | Officer | 5 | $0 |
Stephen D Fantone Member | Trustee | 5 | $0 |
Magnus Bengtsson Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,341,031 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,472,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,813,858 |
| Total Program Service Revenue | $10,025 |
| Investment income | $1,052,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,856,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,732,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $207,524 |
| Grants and other assistance to Foreign Orgs/Individuals | $257,272 |
| 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 | $24,620 |
| Fees for services: Legal | $5,381 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,027 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,696 |
| Office expenses | $2,416 |
| Information technology | $12,589 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,871 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $771,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,901 |
| Pledges and grants receivable | $1,647,147 |
| Accounts receivable, net | $877,712 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $650 |
| Prepaid expenses and deferred charges | $23,308 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $32,386,415 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,009,133 |
| Accounts payable and accrued expenses | $6,500 |
| 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 | $6,500 |
| Net assets without donor restrictions | $22,017,935 |
| Net assets with donor restrictions | $12,984,698 |
| 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 | $35,009,133 |
Grants Awarded
Over the last fiscal year, Osa Foundation Inc has awarded $27,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, NY PURPOSE: Conference Support | $20,000 |
THE UNIVERSITY OF ARIZONA PURPOSE: Conference Support | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Osa Foundation Inc has recieved totaling $1,292,726.
| Awarding Organization | Amount |
|---|---|
Optical Society Of America Inc Washington, DC PURPOSE: Matching funds | $1,282,726 |
Resnik Family Foundation Westlake Village, CA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $12,440,083 |
| Earnings | $1,569,972 |
| Net Contributions | $3,369,606 |
| Other Expense | $413,082 |
| Ending Balance | $16,966,579 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Skillsource Group Inc Vienna, VA | $1,796,857 | $6,906,902 |
Fauna & Flora International Usa Inc Washintgon, DC | $2,602,858 | $7,350,946 |