Osma Foundation

Overview

The Osma Foundation, designated by the Internal Revenue Service (IRS) as a 501(c)(3) nonprofit organization (EIN: 731370949), is categorized under educational services and schools. It focuses on charitable and educational objectives, although specific details about the organization's purpose and activities are not well-documented in the provided sources. Donations to the foundation are tax-deductible.

Financials

According to Form 990 filings, in recent years, the Osma Foundation has primarily relied on contributions as its main source of revenue, with a significant portion also coming from investment income. For example, in the fiscal year ending December 2019, it reported contributions totaling $288,255, which accounted for 88.6% of its total revenue, while investment income contributed $37,036, or 11.4%[1].

Governance and Structure

Key positions within the foundation include members and officers who serve without compensation. This is evident from the compensation data reported in Form 990 filings, where executives and members receive no reported remuneration[1].

Activities and Initiatives

There is limited information available on the specific initiatives and activities of the Osma Foundation. However, it is noted to be involved in educational and potentially charitable endeavors, which align with its classification as an educational nonprofit.

Similar Organizations

It is worth noting that there are other organizations with similar names, such as the OSMA Foundation associated with the Ohio State Medical Association (OSMA) and the one linked to the Oklahoma State Medical Association (OSMA). These foundations focus on advancing healthcare and promoting public health through various initiatives, including scholarships and research support[2][4]. However, the Osma Foundation referenced here is distinct and lacks detailed documentation on its roles and objectives.

Conclusion

The Osma Foundation is a nonprofit organization with a general focus on educational services, relying heavily on contributions for its operations. Further details on its specific initiatives and mission are not readily available.