Ossorio Foundation
- Assets
- $5.5m
- Revenue
- $76.2k
- Investments
- $497.9k
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 11-3270671
Organization Overview
Ossorio Foundation is located in Charleston, SC. The organization was established in 1996. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ossorio 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, Ossorio Foundation generated $76.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $77.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxwell Guerra Secretary | 5 | $0 | |
Sally R Vanasse Treasurer | 5 | $0 | |
Nicole Vanasse President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22 |
| Dividends & Interest | $13,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,630 |
| Capital Gain Net Income | $62,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $38,900 |
| Travel, conferences, and meetings | $5,174 |
| Printing and publications | $0 |
| Other expenses | $10,765 |
| Total operating and administrative expenses | $77,852 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $77,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,235,774 |
| Savings and temporary cash investments | $5,904 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,782,285 |
| Total assets | $5,521,823 |
| 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 | $48,030 |
| Total liabilities | $48,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telfair Museum Of Art Inc Savannah, GA | $65,681,011 | $7,397,922 |
Reynolda House Inc Winston Salem, NC | $41,896,751 | $3,493,024 |
Columbia Museum Of Art Columbia, SC | $10,316,216 | $4,304,789 |
The Columbus Museum Inc Columbus, GA | $52,804,337 | $14,324,674 |
Louise Wells Cameron Art Museum Wilmington, NC | $20,155,749 | $2,062,415 |
Asheville Art Museum Association Inc Asheville, NC | $32,695,907 | $8,810,292 |
Museum Of Design Atlanta Inc Atlanta, GA | $539,874 | $1,203,645 |
Blowing Rock Art & History Museum Inc Blowing Rock, NC | $9,451,359 | $1,232,615 |
Albany Museum Of Art Incorporated Albany, GA | $10,946,085 | $1,017,845 |
Contemporary Art Foundation Inc Raleigh, NC | $4,075,454 | $561,724 |
Lagrange Art Museum Inc Lagrange, GA | $1,434,948 | $721,879 |
Hickory Museum Of Art Inc Hickory, NC | $4,357,355 | $985,614 |