Osterman Community Foundation in Cheshire, Connecticut (CT)

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Osterman Community Foundation
Employer Identification Number (EIN)202246985
Name of OrganizationOsterman Community Foundation
In Care of NameJames O Dwyer
Address726 S Main St, Cheshire, CT 06410
SubsectionCharitable Organization
Ruling Date11/2005
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$131,038
Amount of Income$126,640
Form 990 Revenue Amount$90,633
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations


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Amount of income in 2014: $126,640 (it was $82,705 in 2013)
Osterman Community Foundation: 

 $126,640
Other organizations performing similar types of work: 

 $71,328

Assets in 2014: $131,038 (it was $123,594 in 2013)
This organization: 

 $131,038
Other organizations performing similar types of work: 

 $50,799

Expenses in 2013: $89,470
This organization: 

 $89,470
Other organizations performing similar types of work: 

 $47,311

Income to expenses ratio in 2013: 1.4
Osterman Community Foundation: 

 1.4
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 13.9%
Osterman Community Foundation: 

 13.9%
Other organizations performing similar types of work: 

 7.7%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$84,154$78,390$82,705
Contributions, gifts, grants, and similar amounts received$0$10,555$11,500
Program service revenue including government fees and contracts$2,890$0$0
Membership dues and assessments$0$0$0
Investment income$115$173$223
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$81,148$67,661$70,982
Gross income from gaming$0$0$0
Gross income from fundraising events$110,151$102,522$106,056
Less: direct expenses from gaming and fundraising events$29,002$34,860$35,074
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$49,413$71,484$89,470
Total net assets$123,454$130,360$123,594
Excess/Deficit for the year$34,741$6,905$-6,765
Net assets or fund balances at beginning of year$88,713$123,455$130,359
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$130,360$123,594
Balance Sheets
201120122013
Total assets$123,454$130,360$123,594
Total liabilities$0$0$0
Net assets or fund balances$123,454$130,360$123,594
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$351,577
Subtotal$351,577
Gifts, grants, contributions, and membership fees received$351,577
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$351,577
Public support$351,577
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Goldman Sachs Philanthropy Fund30 Hudson St 15th Fl, Jersey City, NJ 07302-4600NJ2001-08$1,103,232,352
2San Francisco Foundation1 Embarcadero Ctr Ste 1400, San Francisco, CA 94111-3703CA2002-09$764,866,601
3Goldman Sachs Charitable Gift Fund200 West St 29th Fl, New York, NY 10282-2102NY2008-01$629,880,658
4Pew Charitable Trusts, Plan 08150 08151 08152One Commerce Square 2005 Market St, Philadelphia, PA 19103PA2003-04$429,850,315
5W W Caruth Jr Foundation5500 Caruth Haven Ln, Dallas, TX 75225-8146TX1975-05$365,474,936
6Raymond James Charitable Endowment FundPO BOX 14407, St Petersburg, FL 33733-4407FL2000-08$322,890,434
7Golden L E A F Long-Term Economic Advancement Foundation Inc301 N Winstead Ave, Rocky Mount, NC 27804-2228NC2000-12$193,410,915
8Valley Community Foundation Inc70 Audubon St Fl 5, New Haven, CT 06510-1248CT2004-04$4,134,178
9Nfa Foundation Inc305 Broadway, Norwich, CT 06360-3547CT1986-06$3,104,222
10Omprakash Foundation112 Rosebrook Rd, New Canaan, CT 06840-3723CT2007-05$618,754
11Greater Hartford Community Foundation Inc90 State House Sq, Hartford, CT 06103-3708CT2006-05$15,674,799
125c CorporationPO BOX 208239, New Haven, CT 06520-8239CT2005-07$2,767,188
13Hospital For Special Care Foundation Inc2150 Corbin Ave, New Britain, CT 06053-2266CT1999-04$1,500,098
14Alliance For Cancer Gene Therapy Inc96 Cummings Point Rd, Stamford, CT 06902-7912CT2001-07$1,324,223
15Birmingham Group Realty Inc127 Washington Ave Ste 3 Fl W, North Haven, CT 06473-1715CT2007-08$868,929
16Abb Foundation Inc187 Danbury Rd Ste 1e, Wilton, CT 06897-4079CT2005-01$600,985
17Lawyers For Children America Inc151 Farmington Avenue Rw61, Hartford, CT 06156-0001CT1995-03$496,601
18Mikeys Way Foundation2228 Black Rock Tpke Ste 307, Fairfield, CT 06825-3237CT2006-03$492,401
19American Friends Of Le Korsa Inc88 Beacon Rd, Bethany, CT 06524-3074CT2010-08$431,453
20Joe And Kay Calvanese Foundation Incorporated390 S End Rd, Plantsville, CT 06479-1823CT1996-06$372,670
Number of organizations performing similar types of work
Alaska27
Alabama174
Arkansas88
Arizona257
California1,561
Colorado295
Connecticut213
District of Columbia96
Delaware58
Florida937
Georgia405
Hawaii58
Iowa132
Idaho53
Illinois567
Indiana231
Kansas125
Kentucky138
Louisiana149
Massachusetts427
Maryland313
Maine54
Michigan422
Minnesota256
Missouri285
Mississippi53
Montana52
North Carolina382
North Dakota40
Nebraska93
New Hampshire76
New Jersey563
New Mexico62
Nevada84
New York1,186
Ohio529
Oklahoma149
Oregon175
Pennsylvania493
Rhode Island56
South Carolina163
South Dakota36
Tennessee218
Texas929
Utah116
Virginia393
Vermont41
Washington305
Wisconsin211
West Virginia59
Wyoming40
International30
Total13,855

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