Karston A & Ethelyn O Osmondson Charitable Fund Inc
- Assets
- $462.4k
- Revenue
- $61.0k
- Investments
- $428.6k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 20-1341323
Organization Overview
Karston A & Ethelyn O Osmondson Charitable Fund Inc is located in Lexington, KY. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Karston A & Ethelyn O Osmondson Charitable Fund 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 12/2023, Karston A & Ethelyn O Osmondson Charitable Fund Inc generated $61.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $75.4k during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 9 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, Karston A & Ethelyn O Osmondson Charitable Fund Inc has awarded 25 individual grants totaling $546,800. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Dixon Director, Treas | 0.5 | $500 | |
James D Williams Director | 0.5 | $500 | |
Claire Dixon-Conder Director, Sec | 0.5 | $500 | |
Carla Braun Director, Pres | 0.5 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,940 |
| Dividends & Interest | $10,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,043 |
| Capital Gain Net Income | $47,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $144 |
| Total operating and administrative expenses | $10,382 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $75,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,833 |
| 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 | $107,332 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $462,434 |
| 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 |
Grants Awarded
Over the last fiscal year, Karston A & Ethelyn O Osmondson Charitable Fund Inc has awarded $65,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VISUALLY IMPIARED PRESCHOOL SERV PURPOSE: UNRESTRICTED,SERVICESFOR VISUALLY IMPAIRED | $55,000 |
GILDA'S CLUB KENTUCKIANA PURPOSE: UNRESTRICTED,ASSISTANCE FOR CANCER PATIENTS | $5,000 |
UK MARKEY CANCER FOUNDATION INC PURPOSE: UNRESTRICTED,CANCERRESEARCH, TREATMENT, EDUCATION AND OTHER | $5,000 |