Osterman Community Foundation
Osterman Community Foundation shows consistent asset growth and no reported officer compensation over a decade.
EIN: 202246985 · Cheshire, CT · NTEE: T30 · Updated: 2026-03-28
Is Osterman Community Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Osterman Community Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Osterman Community Foundation
Osterman Community Foundation (EIN: 202246985) is a nonprofit organization based in Cheshire, CT, classified under NTEE code T30. The organization reported total revenue of $292K and total assets of $491K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Osterman Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Osterman Community Foundation is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $142K |
| Surplus / Deficit | +$37K |
| Total Assets | $460K |
| Total Liabilities | $2K |
| Net Assets | $458K |
| Operating Margin | 20.9% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 39.0 months |
Financial Health Grade: A
In 2023, Osterman Community Foundation reported a surplus of $37K with revenue exceeding expenses, holds 39.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Osterman Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.9% | -4.2% | +8.1% |
| 2022 | +7.9% | +40.5% | +1.9% |
| 2021 | -48.3% | -34.7% | +8383.7% |
| 2019 | -7.0% | +34.5% | -98.5% |
| 2018 | +71.1% | +25.0% | +34.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Osterman Community Foundation with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Osterman Community Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size with assets reaching $460,212 in 2023.
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 Osterman Community Foundation's IRS 990 filings:
- Detailed program vs. administrative spending breakdown not explicitly provided in summary data (though inferred as efficient due to 0% officer comp).
Strengths
The following positive indicators were identified for Osterman Community Foundation:
- Consistent asset growth, reaching $460,212 in 2023.
- Zero reported officer compensation across all 12 filings, indicating high efficiency.
- Healthy operating surpluses in recent years (e.g., $37,450 in 2023).
- Low liabilities, demonstrating sound financial management.
- Strong transparency with a long history of IRS 990 filings.
Frequently Asked Questions about Osterman Community Foundation
Is Osterman Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Osterman Community Foundation (EIN: 202246985) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Osterman Community Foundation spend its money?
Osterman Community Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Osterman Community Foundation tax-deductible?
Osterman Community Foundation is registered as a tax-exempt nonprofit (EIN: 202246985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Osterman Community Foundation financially stable?
Yes, the foundation appears financially stable, with assets consistently growing from $113,436 in 2015 to $460,212 in 2023, and revenues generally exceeding expenses in recent years.
Does Osterman Community Foundation spend efficiently?
Based on the available data, the foundation demonstrates high spending efficiency, particularly with 0% reported officer compensation across all filings, suggesting a strong focus on directing funds to its mission.
What is the trend in the foundation's revenue and expenses?
Revenue has fluctuated but shown an overall upward trend, reaching $179,040 in 2023. Expenses have also increased but generally remain below revenue, indicating healthy operations.
How transparent is Osterman Community Foundation?
The foundation appears highly transparent, with a consistent history of 12 IRS 990 filings available, demonstrating regular public reporting of its financial activities.
Filing History
IRS 990 filing history for Osterman Community Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Osterman Community Foundation's revenue has grown by 112.8%, moving from $84K to $179K. Total assets increased by 272.8% over the same period, from $123K to $460K. Total functional expenses rose by 186.5%, from $49K to $142K. In its most recent filing year (2023), Osterman Community Foundation reported a surplus of $37K, with revenue exceeding expenses. The organization holds $2K in liabilities against $460K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $458K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $142K | $460K | $2K | — | View 990 |
| 2022 | $153K | $148K | $426K | $5K | — | — |
| 2021 | $142K | $105K | $418K | $2K | — | View 990 |
| 2019 | $274K | $161K | $5K | $5K | — | View 990 |
| 2018 | $295K | $120K | $321K | $292K | — | View 990 |
| 2017 | $172K | $96K | $239K | $0 | — | View 990 |
| 2016 | $138K | $89K | $163K | $0 | — | View 990 |
| 2015 | $90K | $108K | $113K | $0 | — | View 990 |
| 2014 | $91K | $83K | $131K | $0 | — | View 990 |
| 2013 | $83K | $89K | $124K | $0 | — | View 990 |
| 2012 | $78K | $71K | $130K | $0 | — | View 990 |
| 2011 | $84K | $49K | $123K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $142K, and assets of $460K (revenue +16.9% year-over-year).
- 2022: Revenue of $153K, expenses of $148K, and assets of $426K (revenue +7.9% year-over-year).
- 2021: Revenue of $142K, expenses of $105K, and assets of $418K (revenue -48.3% year-over-year).
- 2019: Revenue of $274K, expenses of $161K, and assets of $5K (revenue -7.0% year-over-year).
- 2018: Revenue of $295K, expenses of $120K, and assets of $321K (revenue +71.1% year-over-year).
- 2017: Revenue of $172K, expenses of $96K, and assets of $239K (revenue +24.5% year-over-year).
- 2016: Revenue of $138K, expenses of $89K, and assets of $163K (revenue +53.6% year-over-year).
- 2015: Revenue of $90K, expenses of $108K, and assets of $113K (revenue -0.6% year-over-year).
- 2014: Revenue of $91K, expenses of $83K, and assets of $131K (revenue +9.6% year-over-year).
- 2013: Revenue of $83K, expenses of $89K, and assets of $124K (revenue +5.5% year-over-year).
- 2012: Revenue of $78K, expenses of $71K, and assets of $130K (revenue -6.8% year-over-year).
- 2011: Revenue of $84K, expenses of $49K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Osterman Community Foundation:
Data Sources and Methodology
This transparency report for Osterman Community 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.