Oset Inc
- Assets
- $2.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 05/2015
- Data as of
- 02/2022
- EIN
- 47-3488865
Organization Overview
Oset Inc is located in Stamford, CT. The organization was established in 2015. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oset 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 02/2022, Oset Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $2.6m during the year ending 02/2022. While expenses have increased by 16.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE SEMINARS THAT PROVIDE CONTINUING EDUCATION OPPORTUNITIES TO PHYSICIANS, OTHER HEALTH CARE PROFESSIONALS AND THE COMMUNITY THROUGHOUT THE YEAR IN EVERY SUBSPECIALTY FROM CHILD TO AGING ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE SEMINARS THAT PROVIDE CONTINUING EDUCATION OPPORTUNITIES TO PHYSICIANS, OTHER HEALTH CARE PROFESSIONALS AND THE COMMUNITY THROUGHOUT THE YEAR IN EVERY SUBSPECIALTY FROM CHILD TO AGING ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Plancher Vice President | OfficerTrustee | 15 | $0 |
Brian Busconi MD President | OfficerTrustee | 15 | $0 |
Joseph A Abboud MD Vice Conference Chair | OfficerTrustee | 15 | $0 |
Kevin F Bonner MD Executive Vice Conference Chair | OfficerTrustee | 15 | $0 |
Kevin D Plancher MD Founder | OfficerTrustee | 15 | $0 |
Stephanie Peterson PHD Chief Education Officer | OfficerTrustee | 15 | $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 | $159,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,144 |
| Total Program Service Revenue | $2,895,076 |
| 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 | $3,136,754 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,005 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,025 |
| Advertising and promotion | $104,099 |
| Office expenses | $9,422 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,167 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,006,641 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,230 |
| All other expenses | $603,955 |
| Total functional expenses | $2,623,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,394,340 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $181,337 |
| 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 | $71,950 |
| Total assets | $2,647,627 |
| Accounts payable and accrued expenses | $1,099,406 |
| 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 | $14,943 |
| Total liabilities | $1,114,349 |
| Net assets without donor restrictions | $1,533,278 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $2,647,627 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Oset Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $30,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Health & Hospital Assoc Inc Burlington, MA | $18,521,791 | $10,974,960 |
N H C C Medical Associates Inc Newport, RI | $442,975 | $8,120,804 |
Connecticut Hospital Association Inc & Affiliates Wallingford, CT | $20,376,618 | $10,735,493 |
Massachusetts Dental Society Southborough, MA | $16,206,849 | $7,845,632 |
New York County Health Services Review Organizations Inc New York, NY | $23,529,408 | $5,159,805 |
Medical Society Of The State Of New York Westbury, NY | $23,626,898 | $6,678,439 |
Coastal Medical Associates Inc South Weymouth, MA | $4,039,266 | $5,719,679 |
National Association Of Pediatrics Nurse Practitioners New York, NY | $5,587,622 | $3,990,100 |
Massachusetts Senior Care Association Inc Easton, MA | $2,585,686 | $3,605,157 |
National Student Nurses Association Brooklyn, NY | $3,483,994 | $2,719,643 |
Oset Inc Stamford, CT | $2,647,627 | $3,136,754 |
Anticoagulation Forum Inc Newton Highlands, MA | $4,432,345 | $2,421,273 |