Jeffrey P Ossen Family Foundation
- Assets
- $16.7m
- Revenue
- $905.7k
- Investments
- $15.8m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 26-1243178
Organization Overview
Jeffrey P Ossen Family Foundation is located in West Hartford, CT. The organization was established in 2008. 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. Jeffrey P Ossen Family 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 12/2023, Jeffrey P Ossen Family Foundation generated $905.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $902.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jeffrey P Ossen Family Foundation has awarded 87 individual grants totaling $2,646,158. 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 |
|---|---|---|---|
Carolyn Linkov President | 1 | $0 | |
Jacqueline Berkowitz Treasurer & Executive Director | 36 | $93,952 | |
Elizabeth Ossen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $802,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,541 |
| Capital Gain Net Income | $78,541 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,448 |
| Total Revenue | $905,728 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,952 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,532 |
| Interest | $0 |
| Taxes | $28,342 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,873 |
| Printing and publications | $0 |
| Other expenses | $39,307 |
| Total operating and administrative expenses | $292,198 |
| Contributions, gifts, grants paid | $610,673 |
| Total expenses and disbursements | $902,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,924 |
| Savings and temporary cash investments | $844,549 |
| 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 | $0 |
| Total assets | $16,705,916 |
| Accounts payable and accrued expenses | $6,563 |
| 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 | $6,563 |
Grants Awarded
Over the last fiscal year, Jeffrey P Ossen Family Foundation has awarded $610,673 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
21ST TOLLAND FUND PURPOSE: DISCRETIONARY GRANT ON BEHALF OF J. BERKOWITZ | $3,500 |
ADVANCING CONNECTICUT TOGETHER INC PURPOSE: PROVIDE EMERGENCY HOUSING TO HIV+ POPULATION | $6,500 |
ARTS FOR LEARNING CONNECTICUT PURPOSE: SUPPORT THE EXPANSION OF ARTS LEARNING IN NORTHEAST CT | $7,500 |
BEST BUDDIES OF CT PURPOSE: SUPPORT THE COMMUNITY BASED PROGRAMS | $25,000 |
BIG BROTHERS BIG SISTERS OF CONNECTICUT INC (FORMERLY NUTMEG BIG BROTHERS PURPOSE: SUPPORT FOR SITE BASED, COMMUNITY BASED MENTORING PROGRAMS IN HARTFORD AND WINDHAM COUNTIES | $50,000 |
BREASTCANCERORG PURPOSE: DISCRETIONARY GRANT ON BEHALF OF L. OSSEN | $1,500 |