Ornstein Foundation Inc
- Assets
- $168.8k
- Revenue
- $56.7k
- Investments
- $168.8k
- Employees
- 0
- Location
- Hollywood, SC
- Founding
- Data as of
- 12/2022
- EIN
- 85-2272032
Organization Overview
Ornstein Foundation Inc is located in Hollywood, SC. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ornstein 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 12/2022, Ornstein Foundation Inc generated $56.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.9%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORNSTEIN FOUNDATION PROVIDED A GRANT TO SUPPORT THE EDUCATION OF ALEXANDRA OAKES A STUDENT IN THE DOCTOR OF NURSING PRACTICE AT THE MEDICAL UNIVERSITY OF SC MUSC. CONSISTENT WITH OUR POLICY THE GRANT FUNDS WERE SENT TO THE BURSAR AT MUSC TO BE APPLIED TO HER ACCOUNT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Ornstein President And Treasurer | 5 | $0 | |
Joseph Ornstein Board Member | 1 | $0 | |
Lynne Nemeth Secretary | 2 | $0 | |
Judy Ornstein Board Member | 1 | $0 | |
Joel Peskoff Board Member | 1 | $0 | |
Carly Ornstein Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,300 |
| Interest on Savings | $1 |
| Dividends & Interest | $1,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $194 |
| Contributions, gifts, grants paid | $7,375 |
| Total expenses and disbursements | $7,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $168,803 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $168,803 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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|---|---|---|
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Albemarle Foundation Charlotte, NC | $33,633,920 | $20,497,587 |
Donald And Marilyn Keough Foundation Atlanta, GA | $98,883,521 | $27,525,361 |
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The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC | $134,122,083 | $44,728,639 |
Trailsend Foundation Atlanta, GA | $118,817,898 | $16,686,920 |