Ostberg Foundation
Ostberg Foundation maintains strong asset growth with zero officer compensation, but detailed spending efficiency is unclear.
EIN: 132963335 · Alpine, NJ · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $362K |
| Program Spending | 75% |
| Net Assets | $4.0M |
| Transparency Score | 85/100 |
Is Ostberg Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ostberg Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ostberg Foundation
Ostberg Foundation (EIN: 132963335) is a nonprofit organization based in Alpine, NJ, classified under NTEE code T23. The organization reported total revenue of $4.0M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ostberg Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ostberg Foundation is a mid-size nonprofit that has been operating for 46 years, with 8 years of IRS 990 filings on record (2010–2020). Revenue has grown at a compound annual rate of 29.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $778K |
| Total Expenses | $362K |
| Surplus / Deficit | +$416K |
| Total Assets | $4.0M |
| Total Liabilities | $1 |
| Net Assets | $4.0M |
| Operating Margin | 53.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 131.5 months |
Financial Health Grade: A
In 2020, Ostberg Foundation reported a surplus of $416K with revenue exceeding expenses, holds 131.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2010–2020), Ostberg Foundation's revenue has grown at a compound annual growth rate (CAGR) of 29.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +5.6% | +4.0% | +11.5% |
| 2019 | -63.6% | -3.7% | +46.3% |
| 2015 | +490.2% | +70.5% | +180.9% |
| 2014 | -41.4% | +33.4% | +26.4% |
| 2013 | +582.5% | -6.5% | +165.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ostberg Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Ostberg Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $416K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Ostberg Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for donor perception and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ostberg Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data, limiting full efficiency analysis.
Strengths
The following positive indicators were identified for Ostberg Foundation:
- Consistent 0% officer compensation across all filings.
- Strong asset growth from $483,242 in 201011 to $3,970,312 in 202011.
- Minimal liabilities ($1 in recent filings), indicating excellent financial stability.
- Positive net revenue in most recent periods (e.g., $778,037 revenue vs. $362,241 expenses in 202011).
Frequently Asked Questions about Ostberg Foundation
Is Ostberg Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ostberg Foundation (EIN: 132963335) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Ostberg Foundation spend its money?
Ostberg Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ostberg Foundation tax-deductible?
Ostberg Foundation is registered as a tax-exempt nonprofit (EIN: 132963335). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ostberg Foundation's spending goes to programs?
Ostberg Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ostberg Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ostberg Foundation is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ostberg Foundation located?
Ostberg Foundation is headquartered in Alpine, New Jersey and files with the IRS under EIN 132963335. It is classified under NTEE code T23.
How many years of IRS 990 filings does Ostberg Foundation have?
Ostberg Foundation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.0M in total revenue.
Is Ostberg Foundation a good charity?
Based on the available data, the Ostberg Foundation appears to be a well-managed private foundation with strong asset growth and no reported officer compensation. Its financial health is robust, with assets of $3,970,312 far exceeding liabilities. However, without a detailed breakdown of program spending versus administrative and fundraising costs, a full assessment of its charitable impact efficiency is limited.
How has the foundation's revenue trended?
The foundation's revenue has shown significant fluctuations, from a low of $12,686 in 201111 to a high of $2,025,470 in 201511. More recently, it has stabilized around $700,000-$770,000 in 201911 and 202011, indicating a variable but generally increasing trend over the long term.
What is the foundation's asset growth like?
The Ostberg Foundation has demonstrated substantial asset growth, increasing from $483,242 in 201011 to $3,970,312 in 202011. This represents an almost eight-fold increase in assets over a decade, indicating strong financial management and investment performance.
Filing History
IRS 990 filing history for Ostberg Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2010–2020), Ostberg Foundation's revenue has grown by 1268.8%, moving from $57K to $778K. Total assets increased by 721.6% over the same period, from $483K to $4.0M. Total functional expenses rose by 159.2%, from $140K to $362K. In its most recent filing year (2020), Ostberg Foundation reported a surplus of $416K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $778K | $362K | $4.0M | $1 | — | View 990 |
| 2019 | $737K | $348K | $3.6M | $1 | — | View 990 |
| 2015 | $2.0M | $362K | $2.4M | $0 | — | View 990 |
| 2014 | $343K | $212K | $866K | $1 | — | View 990 |
| 2013 | $586K | $159K | $685K | $0 | — | View 990 |
| 2012 | $86K | $170K | $258K | $0 | — | View 990 |
| 2011 | $13K | $153K | $343K | $0 | — | View 990 |
| 2010 | $57K | $140K | $483K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $778K, expenses of $362K, and assets of $4.0M (revenue +5.6% year-over-year).
- 2019: Revenue of $737K, expenses of $348K, and assets of $3.6M (revenue -63.6% year-over-year).
- 2015: Revenue of $2.0M, expenses of $362K, and assets of $2.4M (revenue +490.2% year-over-year).
- 2014: Revenue of $343K, expenses of $212K, and assets of $866K (revenue -41.4% year-over-year).
- 2013: Revenue of $586K, expenses of $159K, and assets of $685K (revenue +582.5% year-over-year).
- 2012: Revenue of $86K, expenses of $170K, and assets of $258K (revenue +576.3% year-over-year).
- 2011: Revenue of $13K, expenses of $153K, and assets of $343K (revenue -77.7% year-over-year).
- 2010: Revenue of $57K, expenses of $140K, and assets of $483K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ostberg Foundation:
Data Sources and Methodology
This transparency report for Ostberg Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.