Overview
What is Osi Foundation Inc?
Osi Foundation Inc, based in New Albany, Indiana, is a nonprofit organization dedicated to supporting charitable economic and talent development initiatives within Southern Indiana. Their mission is to drive change and foster stronger economic growth, a more educated and well-compensated workforce, and a structured advocacy system with the state of Indiana. The foundation's activities aim to uplift the region by implementing needed changes and improvements.
Official website here: www.cfsouthernindiana.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating.
The Osi Foundation Inc has earned a solid Three-Star rating on Charity Navigator, reflecting its strong commitment to accountability and finance. The organization's rating is based entirely on its financial practices, with a perfect score in key areas such as board independence and material asset diversion, indicating a well-governed structure. Additionally, the fiscal year 2023 data shows that the organization allocates all of its expenses directly to its programs, demonstrating a strong focus on fulfilling its mission.
While the foundation excels in several aspects, it does have some gaps in governance policies. Specifically, it lacks a whistleblower policy and documentation regarding the retention and destruction of documents, which are essential for transparency and accountability. However, the presence of board meeting minutes and a conflict of interest policy provides some reassurance of its operational integrity.
Overall, the Osi Foundation Inc shows a commendable dedication to its financial responsibilities and governance. The organization's high program expense ratio and minimal liabilities further enhance its reputation, although addressing the identified policy gaps could strengthen its overall operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is Osi Foundation Inc legitimate?
Osi Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Osi Foundation Inc 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cfsouthernindiana.com
What is the mission statement of Osi Foundation Inc?
The Osi Foundation Inc's mission is centered around supporting charitable economic development activities. Their primary goal is to facilitate change, aiming to establish stronger economic growth, foster a better-educated and better-paid workforce, and establish a structure of advocacy with the state of Indiana. This organization uses its funds to support the charitable economic and talent development initiatives of One Southern Indiana.
Official website here: www.cfsouthernindiana.com
Who is the CEO of Osi Foundation Inc?
Rita Hudson Shourds is the Board Member of Osi Foundation Inc.
Official website here: www.cfsouthernindiana.com
What is the revenue of Osi Foundation Inc?
Osi Foundation Inc's revenue in 2022 was $118,087.
Official website here: www.cfsouthernindiana.com
Who are the executives of Osi Foundation Inc and what are their salaries?
There 8 volunteers at Osi Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.cfsouthernindiana.com
Where can I find the form 990 for Osi Foundation Inc?
Osi Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfsouthernindiana.com
Learn more at the official website: www.cfsouthernindiana.com
Mission Statement of Osi Foundation Inc
The Osi Foundation Inc is committed to supporting the charitable economic development activities of One Southern Indiana. Their mission is to implement change with the goal of establishing stronger economic growth, a better-educated workforce, and an advocacy structure with the State of Indiana. By doing so, the Osi Foundation aims to improve the overall economic well-being of the area, providing opportunities for a better-paid workforce and fostering a supportive environment for businesses to thrive. The organization's efforts are focused on creating a positive impact in the economic landscape, ultimately contributing to a more prosperous community.
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Impact
October, 2024
Osi Foundation Inc plays a crucial role in driving economic development in Southern Indiana. By funding initiatives that enhance both economic growth and talent development, the organization supports the mission of One Southern Indiana, aiming to create a more educated and better-compensated workforce. This engagement not only fosters stronger local economies but also establishes a robust advocacy structure that connects with the state of Indiana, ensuring that the needs and aspirations of the community are effectively represented. Through its efforts, Osi Foundation Inc contributes significantly to community improvement, facilitating positive change that benefits the residents of the area.
This information is meant to be a general summary of Osi Foundation Inc. 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: $87
- Gross Receipts: $118,087
Assets and Liabilities:
- Total Assets: $80,077
- Total Liabilities: $0
- Net Assets: $80,077
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Organization Details
Founding Year
2003
Phone
(812) 948-4662Principal Officer
Rita Hudson Shourds
Main Address
4108 CHARLESTOWN ROAD, NEW ALBANY, IN, 47150
Website
www.cfsouthernindiana.comNTEE Category
Code: S20 - Community improvement
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