Osborne & Scekic Family Foundation
- Assets
- $1.1m
- Revenue
- $86.8k
- Investments
- $1.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2003
- Data as of
- 12/2023
- EIN
- 61-1431424
Organization Overview
Osborne & Scekic Family Foundation is located in Chicago, IL. The organization was established in 2003. 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. Osborne & Scekic 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, Osborne & Scekic Family Foundation generated $86.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $62.1k during the year ending 12/2023. While expenses have increased by 1.5% 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 2015, Osborne & Scekic Family Foundation has awarded 121 individual grants totaling $613,779. 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
RACINE ART MUSEUM
SWEATSHOP MOVEMENT
RACINE LITERACY COUNCIL
FRIEND OF THE RACINE PUBLIC LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vera Scekic President | 1 | $0 | |
Robert Osborne Treasurer | 1 | $0 | |
Jasmina Scekic Director | 1 | $0 | |
Sofia Scekic Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,917 |
| Interest on Savings | $47 |
| Dividends & Interest | $45,127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,704 |
| Capital Gain Net Income | $14,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11 |
| Total operating and administrative expenses | $5,096 |
| Contributions, gifts, grants paid | $56,963 |
| Total expenses and disbursements | $62,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,358 |
| Savings and temporary cash investments | $26,386 |
| 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 | $1,050,981 |
| 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, Osborne & Scekic Family Foundation has awarded $56,963 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHORAL ARTS SOCIETY INC PURPOSE: OPERATING SUPPORT | $1,500 |
FRIENDS OF THE RACINE PUBLIC LIBRARY INC PURPOSE: BONK! FUNDING | $2,000 |
LGBT CENTER OF SE WISCONSIN PURPOSE: OPERATING SUPPORT | $1,000 |
RACINE ART MUSEUM ASSOCIATION INC PURPOSE: RAM ARTISTS FELLOWSHIP AND ADMISSION | $17,100 |
RACINE ARTS COUNCIL INC PURPOSE: PROGRAM SUPPORT | $13,363 |
RACINE LITERACY COUNCIL INC PURPOSE: WRITER IN RESIDENCE SUPPORT | $3,000 |