Oset INC FY2021 filing

Tax-deductible

Stamford, CT501(c)(3)Health CareEIN 47-3488865

To organize seminars that provide continuing education opportunities to physicians, other health care professionals and the community throughout the year in every subspecialty from child to aging adults.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $120K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$278K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
-48% vs prior year
Spent
$1.5M
To programs
98%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$1.4M
FY2021▼ -48%
Revenue by fiscal year
FY2020$2.7M
FY2021$1.4M
FY2022$3.1M
FY2022$3.2M
FY2023$3.6M
FY2024$4.3M
Expenses
$1.5M
FY2021▼ -31%
Expenses by fiscal year
FY2020$2.3M
FY2021$1.5M
FY2022$2.6M
FY2022$3.1M
FY2023$3.0M
FY2024$5.2M
Net assets
$1.1M
FY2021▼ -12%
Net assets by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.5M
FY2022$1.5M
FY2023$2.3M
FY2024$1.6M

From the FY2021 Form 990 (year ending February 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2015.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.5M Management & general 2% · $31K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Education Officer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Chief Faculty Officer
$0Pt VII · Sec A
See Oset 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers year-round seminars for healthcare professionals and the community on all medical subspecialties.

Provided by the organization

This section is blank until Oset INC claims this page.

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1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2020.
01

To organize seminars that provide continuing education opportunities to physicians, other health care professionals and the community throughout the year in every subspecialty from child to aging adults.

$1.5Mprogram 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 · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$748K
Fees for servicesLn 2g$646K
Other incomeLn 4–11$15K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Managementcol C$31K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$278K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$748K
Fees for servicesLn 2g$646K
Other incomeLn 4–11$15K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Other assetsLn 15$2K
Total assetsLn 16$1.3M
LiabilitiesLn 26$278K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderFebruary
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.7M$1.2M
Total assetsLn 16$1.8M$1.3M
LiabilitiesLn 26$563K$278K
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$67K$67K
Office expensesLn 13$5K$5K
Conferences, conventions and meetingsLn 19$561K$561K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$560K$560K
All other expensesLn 24e$333K$322K$10K
Total functional expensesLn 25$1.5M$1.5M$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.3M$5.2M−$884K$1.6M 990 PDF
FY2023 $3.6M$3.0M$647K$2.3M 990 PDF
FY2022 $3.1M$2.6M$513K$1.5M 990 PDF
FY2021 Viewing $1.4M$1.5M−$139K$1.1M 990 PDF
FY2020 $2.7M$2.3M$466K$1.2M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,408,849 across 5 lines filed
VIII-1f All other contributions, gifts and grants$748,000
VIII-1h Total contributions, gifts and grants$748,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $645,933$645,933
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,916$14,916
VIII-12 Total revenueRelated to mission $660,849 · Unrelated business $0 · Excluded from tax $0$1,408,849
Part IX · Statement of functional expenses $1,547,936 across 8 lines filed
IX-11b Legal feesManagement $12,074$12,074
IX-11c Accounting feesManagement $8,761$8,761
IX-12 Advertising and promotionPrograms $66,762$66,762
IX-13 Office expensesPrograms $5,300$5,300
IX-19 Conferences, conventions and meetingsPrograms $560,809$560,809
IX-23 InsurancePrograms $1,169$1,169
IX-24 Other expenses (24a–d)Programs $560,314$560,314
IX-24e All other expensesPrograms $322,323 · Management $10,424$332,747
IX-25 Total functional expensesPrograms $1,516,677 · Management $31,259 · Fundraising $0$1,547,936
Part X · Balance sheet $1,329,048 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,667,364$1,236,289
X-4 Accounts receivableStart of year $47,014$90,364
X-15 Other assetsStart of year $38,400$2,395
X-16 Total assetsStart of year $1,752,778$1,329,048
X-17 Accounts payable and accrued expensesStart of year $455,304$148,501
X-25 Other liabilitiesStart of year $107,332$129,492
X-26 Total liabilitiesStart of year $562,636$277,993
X-27 Net assets without donor restrictionsStart of year $1,190,142$1,051,055
X-32 Total net assets or fund balancesStart of year $1,190,142$1,051,055
X-33 Total liabilities and net assetsStart of year $1,752,778$1,329,048
Part XI · Reconciliation of net assets $1,051,055 net assets at year end
XI-1 Total revenue$1,408,849
XI-2 Total expenses$1,547,936
XI-3 Revenue less expenses−$139,087
XI-4 Net assets at start of year$1,190,142
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,051,055

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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