The Or Foundation Ltd
- Assets
- $66.8k
- Revenue
- $270.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Cambridge, MD
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-1488092
Organization Overview
The Or Foundation Ltd is located in Cambridge, MD. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Or Foundation Ltd employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Or Foundation Ltd 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, Or Foundation Ltd generated $270.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 72.0% each year . All expenses for the organization totaled $242.7k during the year ending 12/2021. 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
THE OR FOUNDATION OPERATES TO CREATE ALTERNATIVES TO THE DOMINATE MODEL OF FASHION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 WE LAUNCHED THE NO MORE FAST FASHION LAB FOR COMMUNITY DESIGN IN ACCRA, GHANA, COLLECTING AND REPURPOSING TWO TONS OF TEXTILE WASTE THROUGH MATERIAL RESEARCH AND DEVELOPMENT, LAYING THE FOUNDATION TO SUPPORT JOB TRAINING FOR LOCAL DESIGNERS AND COOPERATIVE BUSINESSES. IN ADDITION WE LAUNCHED A BEACH MONITORING TEAM TRACKING TEXTILE WASTE ALONG ACCRA'S BEACHES.
WE CONDUCTED EXTENSIVE RESEARCH INTO THE CAUSES, CONDITIONS AND EFFECTS OF HEAD CARRYING BALES OF SECONDHAND CLOTHING AND CLOTHING WASTE THROUGHOUT GHANA'S INFORMAL MARKETS. BUILDING ON THIS RESEARCH AND PREVIOUS SUPPORT PROVIDING FOOD AND SANITARY SUPPORT WITH THE KAYAYEI YOUTH ASSOCIATION, WE LAUNCHED AN APPRENTICESHIP PLACEMENT PROGRAM WITH WRAPAROUND SUPPORT FOR YOUNG WOMEN FORMERLY WORKING AS HEADCARRIERS, AND WE CONTINUED OUR SUPPORT OF THE KAYAYEI YOUTH ASSOCIATION THROUGH CAPACITY BUILDING AND DIRECT GRANTING.
TOGETHER WITH MEDIA PARTNERS WE SUPPORTED LOCAL STORYTELLING THROUGH OUR KAYAYEI PHOTOGRAPHY WORKSHOP SERIES AND FILMMAKING PROJECTS TRACKING TEXTILE WASTE AND COMMUNITY ACTION IN SUPPORT OF GLOBAL ADVOCACY GOALS TO RAISE AWARENESS OF OVER CONSUMPTION AND OVERPRODUCTION IN SUPPORT OF VARIOUS SUSTAINABLE DEVELOPMENT GOALS, CHIEF AMONG THEM SDGS 12, 5, 11 AND 13. COLLECTIVELY OUR MEDIA PROJECTS HAVE BEEN VIEWED BY MILLIONS OF PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Branson Skinner Co-Founder/president | OfficerTrustee | 40 | $1,650 |
Elizabeth Rae Ricketts Co-Founder/director | OfficerTrustee | 40 | $1,650 |
Daniel Mawuli Quis Board Member | Trustee | 2 | $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 | $270,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,303 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $270,303 |
| 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 | $77,343 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,300 |
| Compensation of current officers, directors, key employees. | $3,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,706 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,801 |
| 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 | $0 |
| All other expenses | $19,455 |
| Total functional expenses | $242,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,755 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $66,755 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $66,755 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $66,755 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Or Foundation Ltd has recieved totaling $50,005.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |