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The Osman Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$125k (2023)

Expenses
$170k (2023)

Total Assets
$1.11M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$125,346
Expenses
$170,316
Net Income
-$44,970
Net Assets
$1,113,904
Notable Sources of Revenue Percent of Total Revenue
Contributions $54,387
43.4%
Program Services $0
Investment Income $29,672
23.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $41,287
32.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
17.6%
Professional Fundraising Fees $0
Other Salaries and Wages $62,000
36.4%
Assets/Debt
Total Assets $1,113,904
Total Liabilities $0
Net Assets $1,113,904
Compensation
Key Employees and Officers Compensation Related Other
Lois Osman (Secretary/Treasurer) $30,000 $0 $0
Carole T Epstein (Vice President) $0 $0 $0
Jack Burstiner (President) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$115,515
Expenses
$163,115
Net Income
-$47,600
Net Assets
$1,143,590
Notable Sources of Revenue Percent of Total Revenue
Contributions $31,918
27.6%
Program Services $0
Investment Income $40,989
35.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $42,608
36.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
18.4%
Professional Fundraising Fees $0
Other Salaries and Wages $60,437
37.1%
Assets/Debt
Total Assets $1,143,590
Total Liabilities $0
Net Assets $1,143,590
Compensation
Key Employees and Officers Compensation Related Other
Lois Osman (Secretary/Treasurer) $30,000 $0 $0
Carole T Epstein (Vice President) $0 $0 $0
Jack Burstiner (President) $0 $0 $0
Julie Cusatis (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$113,244
Expenses
$165,741
Net Income
-$52,497
Net Assets
$1,371,128
Notable Sources of Revenue Percent of Total Revenue
Contributions $28,700
25.3%
Program Services $0
Investment Income $25,216
22.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $59,328
52.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
18.1%
Professional Fundraising Fees $0
Other Salaries and Wages $47,969
28.9%
Assets/Debt
Total Assets $1,371,128
Total Liabilities $0
Net Assets $1,371,128
Compensation
Key Employees and Officers Compensation Related Other
Lois Osman (Secretary/Treasurer) $30,000 $0 $0
Carole T Epstein (Vice President) $0 $0 $0
Jack Burstiner (President) $0 $0 $0
Julie Cusatis (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,493
Expenses
$148,959
Net Income
-$127,466
Net Assets
$1,297,192
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,755
17.5%
Program Services $0
Investment Income $27,782
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$10,044
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
20.1%
Professional Fundraising Fees $0
Other Salaries and Wages $43,971
29.5%
Assets/Debt
Total Assets $1,297,192
Total Liabilities $0
Net Assets $1,297,192
Compensation
Key Employees and Officers Compensation Related Other
Lois Osman (Treasurer/Secretary) $30,000 $0 $0
Daniel Osman Md (Director) $0 $0 $0
Carole T Epstein (Vice President) $0 $0 $0
Jack Burstiner (President) $0 $0 $0
Julie Cusatis (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$71,445
Expenses
$216,015
Net Income
-$144,570
Net Assets
$1,316,851
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,515
18.9%
Program Services $0
Investment Income $38,984
54.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $18,946
26.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
13.9%
Professional Fundraising Fees $0
Other Salaries and Wages $43,971
20.4%
Assets/Debt
Total Assets $1,316,851
Total Liabilities $0
Net Assets $1,316,851
Compensation
Key Employees and Officers Compensation Related Other
Lois Osman Md (Treasurer/Secretary) $30,000 $0 $0
Daniel Osman Md (President) $0 $0 $0
Carole T Epstein (Vice President) $0 $0 $0
Jack Burstiner (Director) $0 $0 $0
Julie Cusatis (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$105,238
Expenses
$206,498
Net Income
-$101,260
Net Assets
$1,400,093
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,310
19.3%
Program Services $0
Investment Income $37,442
35.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $47,486
45.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
14.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,400,093
Total Liabilities $0
Net Assets $1,400,093
Compensation
Key Employees and Officers Compensation Related Other
Lois Osman Md (Treasurer/Secretary) $30,000 $0 $0
Daniel Osman Md (President) $0 $0 $0
Carole T Epstein (Vice President) $0 $0 $0
Jack Burstiner (Director) $0 $0 $0
Julie Cusatis (Director) $0 $0 $0
Lori Gold (Director) $0 $0 $0
Paul Koenig (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$82,107
Expenses
$206,566
Net Income
-$124,459
Net Assets
$1,595,916
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,564
26.3%
Program Services $0
Investment Income $41,764
50.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $18,779
22.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
14.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,595,916
Total Liabilities $0
Net Assets $1,595,916
Compensation
Key Employees and Officers Compensation Related Other
Lois Osman Md (Treasurer/Secretary) $30,000 $0 $0
Daniel Osman Md (President) $0 $0 $0
Carole T Epstein (Vice President) $0 $0 $0
Lori Gold (Director) $0 $0 $0
Paul Koenig (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$425,291
Expenses
$208,892
Net Income
$216,399
Net Assets
$1,562,463
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,750
3.7%
Program Services $0
Investment Income $49,566
11.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $359,975
84.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
14.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,562,463
Total Liabilities $0
Net Assets $1,562,463
Compensation
Key Employees and Officers Compensation Related Other
Lois Osman Md (Treasurer/Secretary) $30,000 $0 $0
Daniel Osman Md (President) $0 $0 $0
Carole T Epstein (Vice President) $0 $0 $0
Lori Gold (Director) $0 $0 $0
Paul Koenig (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$54,791
Expenses
$209,750
Net Income
-$154,959
Net Assets
$1,686,134
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,541
43.0%
Program Services $0
Investment Income $47,724
87.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$16,474
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
14.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,686,134
Total Liabilities $0
Net Assets $1,686,134
Compensation
Key Employees and Officers Compensation Related Other
Lois Osman Md (Treasurer/Secretary) $30,000 $0 $0
Daniel Osman Md (President) $0 $0 $0
Carole T Epstein (Vice President) $0 $0 $0
Lori Gold (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,373
Expenses
$221,972
Net Income
-$176,599
Net Assets
$1,889,995
Notable Sources of Revenue Percent of Total Revenue
Contributions $35,654
78.6%
Program Services $0
Investment Income $42,898
94.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$33,179
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
13.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,889,995
Total Liabilities $0
Net Assets $1,889,995
Compensation
Key Employees and Officers Compensation Related Other
Lois Osman Md (Treasurer/Secretary) $30,000 $0 $0
Daniel Osman Md (President) $0 $0 $0
Carole T Epstein (Vice President) $0 $0 $0
Lori Gold (Director) $0 $0 $0
Paul Koenig (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,190
Expenses
$161,448
Net Income
-$61,258
Net Assets
$1,977,022
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,389
30.3%
Investment Income $37,203
37.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $32,598
32.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $22,500
13.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,977,022
Total Liabilities $0
Net Assets $1,977,022

Document Links

Fiscal Year Ending Nov.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$138,583
Expenses
$192,052
Net Income
-$53,469
Net Assets
$1,906,887
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,182
9.5%
Program Services $21,426
15.5%
Investment Income $30,394
21.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $73,581
53.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,906,887
Total Liabilities $0
Net Assets $1,906,887

Document Links

Fiscal Year Ending Nov.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$198,951
Expenses
$157,467
Net Income
$41,484
Net Assets
$1,898,255
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,365
7.2%
Program Services $31,497
15.8%
Investment Income $45,130
22.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $107,389
54.0%
Net Inventory Sales $0
Other Revenue $570
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $68,952
43.8%
Professional Fundraising Fees $20,925
13.3%
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,898,255
Total Liabilities $0
Net Assets $1,898,255

Document Links

Fiscal Year Ending Nov.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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