Objective Standard Institute
- Assets
- $8.8m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Glen Allen, VA
- Founding
- Data as of
- 12/2021
- EIN
- 84-3575279
Organization Overview
Objective Standard Institute is located in Glen Allen, VA. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Objective Standard Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Objective Standard Institute 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, Objective Standard Institute generated $6.6m in total revenue. All expenses for the organization totaled $815.4k during the year ending 12/2021. While expenses have increased by 254.0% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OSI IS DEDICATED TO TEACHING THE RISING GENERATION ABOUT THE IMPORTANCE OF PHILOSOPHY, THE PRINCIPLES OF AYN RAND'S OBJECTIVISM, AND RELATED IDEAS FOR ACHEIVING PERSONAL HAPPINESS, CREATING WIN-WIN RELATIONSHIPS, AND SUPPORTING FREEDOM ON SOLID GROUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONLINE COURSES, IN-PERSON WORKSHOPS AND MULTI-DAY CONFERENCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Biddle President & Secretary | OfficerTrustee | 35 | $63,958 |
Robert Begley Director | OfficerTrustee | 35 | $51,934 |
Craig Biddle Treasurer | OfficerTrustee | 35 | $42,121 |
Salathiel Pete Masterson Director | Trustee | 1 | $0 |
Annie Vinther Sanz Director | Trustee | 1 | $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 | $6,473,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,473,661 |
| Total Program Service Revenue | $72,679 |
| Investment income | $41,407 |
| 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 | $6,587,747 |
| 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. | $158,013 |
| Compensation of current officers, directors, key employees. | $40,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,969 |
| Payroll taxes | $18,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,121 |
| Advertising and promotion | $27,805 |
| Office expenses | $17,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $34,400 |
| 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 | $1,940 |
| All other expenses | $8,093 |
| Total functional expenses | $815,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,340,616 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $711,924 |
| 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 | $48,351 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,701,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,802,040 |
| 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 | $64,853 |
| Total liabilities | $64,853 |
| 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 | $8,737,187 |
| Total liabilities and net assets/fund balances | $8,802,040 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Objective Standard Institute has recieved totaling $26,501.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $25,800 |
The Wetherell Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |