Osilas Foundation
- Assets
- $25.6m
- Revenue
- $373.1k
- Investments
- $24.0m
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 41-1955001
Organization Overview
Osilas Foundation is located in White Bear Lake, MN. The organization was established in 2000. 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. Osilas 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 12/2022, Osilas Foundation generated $373.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Osilas Foundation has awarded 111 individual grants totaling $4,481,400. 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
2022
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 |
|---|---|---|---|
Silas M Ford III President, Director | 1 | $0 | |
Olivia C Ford Vice-President, Director | 0.25 | $0 | |
Kimberly Ford-Werling Secretary, Director | 0.25 | $0 | |
David C Ford Secretary, Director | 0.25 | $0 | |
Christopher Ford Director | 0.25 | $0 | |
Olivia J Genereaux Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $48,601 |
| Dividends & Interest | $589,881 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$265,415 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $373,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,082 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $149,351 |
| Contributions, gifts, grants paid | $1,744,950 |
| Total expenses and disbursements | $1,894,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,852 |
| Savings and temporary cash investments | $1,207,171 |
| 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 | $24,037,952 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,590,975 |
| 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 | $247,000 |
| Total liabilities | $247,000 |
Grants Awarded
Over the last fiscal year, Osilas Foundation has awarded $1,744,950 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
CENTURY COLLEGE FOUNDATION PURPOSE: GENERAL OPERATING | $25,000 |
CENTURY COLLEGE FOUNDATION PURPOSE: EMS TECHNOLOGY EQUIPMENT | $25,000 |
LAKEVIEW HEALTH FOUNDATION PURPOSE: 2022 SUMMER SOIREE | $1,500 |
LAKEVIEW HEALTH FOUNDATION PURPOSE: GENERAL OPERATING | $1,500 |
CENTER FOR MUSIC BY PEOPLE WITH DISABILITIES PURPOSE: MUSIC AND DANCE LESSONS | $1,000 |
CENTURY COLLEGE FOUNDATION PURPOSE: CENTURY COLLEGE FOUNDATION | $5,000 |