Overview
What is Osia Charitable & Educational Trust?
Osia Charitable & Educational Trust is a nonprofit organization situated in Waltham, Massachusetts, specifically at 85 River Street Suite 2. Their primary mission is to aid and support individuals in need, as well as various charitable organizations. Additionally, they offer academic scholarships to assist individuals in pursuing higher education. The trust's activities extend to providing aid and support to members and contributing to the community by backing charitable organizations.
Official website here: www.osiama.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star Rating
Osia Charitable & Educational Trust has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored 100% for the majority of its governance metrics, including an entirely independent board of directors and transparency in its financial practices. The absence of material diversion of assets and adherence to various policy standards further bolster its reputation.
The charity's program expense ratio stands at 62.78%, indicating that a significant portion of its expenses is directed towards its programs. While this is a positive sign of its operational efficiency, there is room for improvement in this area as it could enhance the overall impact of its programs. The organization also maintains excellent financial health with a liabilities to assets ratio of just 0.44%, showcasing its fiscal responsibility.
Overall, Osia Charitable & Educational Trust demonstrates a high level of governance and financial transparency, making it a trustworthy option for potential donors. The organization’s strong performance in accountability metrics emphasizes its dedication to ethical practices, although enhancing the program expense ratio could further strengthen its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Osia Charitable & Educational Trust legitimate?
Osia Charitable & Educational Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Osia Charitable & Educational Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.osiama.org
What is the mission statement of Osia Charitable & Educational Trust?
The Osia Charitable & Educational Trust is committed to offering aid to individuals in need and extending support to various charitable organizations. One of their primary objectives is to sponsor academic scholarships, enabling individuals to pursue higher education at institutions of their choice. In addition to these activities, the trust also extends its support to health and welfare community groups and religious organizations. In essence, the mission of Osia Charitable & Educational Trust is to contribute positively to the community by providing assistance and opportunities for growth and learning.
Official website here: www.osiama.org
Who is the CEO of Osia Charitable & Educational Trust?
Kevin Caira is the Chairman of Osia Charitable & Educational Trust.
Official website here: www.osiama.org
What is the revenue of Osia Charitable & Educational Trust?
Osia Charitable & Educational Trust's revenue in 2022 was $7,008.
Official website here: www.osiama.org
Who are the executives of Osia Charitable & Educational Trust and what are their salaries?
There 15 volunteers at Osia Charitable & Educational Trust.
Here are 9 key members and their salaries:
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Official website here: www.osiama.org
Where can I find the form 990 for Osia Charitable & Educational Trust?
Osia Charitable & Educational Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.osiama.org
Learn more at the official website: www.osiama.org
Mission Statement of Osia Charitable & Educational Trust
Osia Charitable & Educational Trust, as a nonprofit organization, is committed to serving its community in several capacities. Its primary mission is threefold: providing aid to individuals in need, offering support to various charitable organizations, and offering academic scholarships to enable individuals to pursue higher education. By doing so, the trust aims to contribute to the betterment of its community and support the growth and development of its members. Additionally, Osia Charitable & Educational Trust extends its reach beyond direct assistance by providing support to health and welfare community groups and religious organizations. Its activities are geared towards uplifting the community and fostering a supportive environment for its members and the wider community.
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Impact
August, 2024
Osia Charitable & Educational Trust's impact can be seen in their provision of assistance to members in need, support to various charitable organizations, and academic scholarships enabling individuals to attend institutions for higher learning. This support extends to health and welfare community groups, religious organizations, and individuals seeking educational opportunities. Through their philanthropic activities, Osia Charitable & Educational Trust positively contributes to the well-being and growth of the community in Waltham, MA.
This information is meant to be a general summary of Osia Charitable & Educational Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$11,523
- Gross Receipts: $433,718
Assets and Liabilities:
- Total Assets: $609,978
- Total Liabilities: $2,695
- Net Assets: $607,283
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Organization Details
Founding Year
1973
Phone
(617) 489-5234Principal Officer
Kevin Caira
Main Address
85 River Street Suite 2, Waltham, MA, 02453
Website
www.osiama.orgNTEE Category
Code: T90Z - Philanthropy
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