Ousia INC FY2020 filing

Not tax-deductible

Havertown, PAMutual-benefit / member-servingEIN 23-2392707

Donations of income to exempt organizations

10¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $153K a year · 208% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
10%
of spending
Concern: 10% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$112K
Spent
$1.0M
To programs
10%
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$112K
FY2020
Revenue by fiscal year
FY2020$112K
FY2021$32K
FY2022$48K
FY2023$55K
FY2024$84K
FY2025$110K
Expenses
$1.0M
FY2020
Expenses by fiscal year
FY2020$1.0M
FY2021$84K
FY2022$79K
FY2023$86K
FY2024$85K
FY2025$13K
Net assets
$2.9M
FY2020
Net assets by fiscal year
FY2020$2.9M
FY2021$3.3M
FY2022$2.7M
FY2023$2.8M
FY2024$3.4M
FY2025$3.8M

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

10 cents of each dollar spent went to programs.

Program services 10% · $98K Management & general 90% · $912K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President an
$0Pt VII · Sec A
See Ousia INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes income donations to qualified charities and nonprofits.

Provided by the organization

This section is blank until Ousia INC claims this page.

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1 program service account for $98K of program spending, described in the organization's own filed words · FY2019.
01

Achievements include financial support for exempt organizations

$98Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $256K · 2019–2023

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$112K
Ln 12
Investment incomeLn 3$112K
Money outPt IX
$1.0M
Ln 25
Programscol B$98K
Managementcol C$912K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$159K
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$112K
Gains on assetsLn 7$72K
Total revenueLn 12$112K
Assets in detailPt X, end of year
CashLn 1$159K
Cash and savings togetherLn 1–2$159K
InvestmentsLn 11–13$2.0M
Other assetsLn 15$683K
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$88K$159K
InvestmentsLn 11–13$2.0M$2.0M
Total assetsLn 16$3.8M$2.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.8M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40K$40K
Other expenses (24a–d)Ln 24$971K$58K$912K
Total functional expensesLn 25$1.0M$98K$912K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $110K$13K$97K$3.8M 990 PDF
FY2024 $84K$85K−$1K$3.4M 990 PDF
FY2023 $55K$86K−$31K$2.8M 990 PDF
FY2022 $48K$79K−$31K$2.7M 990 PDF
FY2021 $32K$84K−$53K$3.3M 990 PDF
FY2020 Viewing $112K$1.0M−$899K$2.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $111,792 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $39,793$39,793
VIII-7 Net gain or loss on sales of assetsRelated to mission $71,999$71,999
VIII-12 Total revenueRelated to mission $71,999 · Excluded from tax $39,793$111,792
Part IX · Statement of functional expenses $1,010,318 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $39,793$39,793
IX-24 Other expenses (24a–d)Programs $58,299 · Management $912,226$970,525
IX-25 Total functional expensesPrograms $98,092 · Management $912,226 · Fundraising $0$1,010,318
Part X · Balance sheet $2,855,771 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $87,864$159,227
X-11 Publicly traded securitiesStart of year $2,028,808$2,013,228
X-15 Other assetsStart of year $1,699,408$683,316
X-16 Total assetsStart of year $3,816,080$2,855,771
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $3,816,080$2,855,771
X-32 Total net assets or fund balancesStart of year $3,816,080$2,855,771
X-33 Total liabilities and net assetsStart of year $3,816,080$2,855,771
Part XI · Reconciliation of net assets $2,855,771 net assets at year end
XI-1 Total revenue$111,792
XI-2 Total expenses$1,010,318
XI-3 Revenue less expenses−$898,526
XI-4 Net assets at start of year$3,816,080
XI-5 Net unrealized gains (losses) on investments−$61,783
XI-10 Net assets at end of year$2,855,771

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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