Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990; $127K paid to officers and key staff.
Shana Ostrovitz’s $65K as Executive Director is at the 41st percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Shana Ostrovitz | $64,502 | $65,000 | $61,667 |
| Danielle Casey | $62,215 | $60,829 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Nurtures creators' growth for innovative ideas and community betterment.
Questions for 1909 Foundation
Your first name shows with your question. 1909 Foundation answers here, for everyone.
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Incubator Space
1909 provides affordable shared workspace designed to support founders in their day to journey of entrepreneurship. The space provides high speed wi-fi, printing, conference rooms, brainstorm areas and a community of other founders to provide support. We support over 250 members in our incubator space.
Business Education Programs
We offered a 6-MONTH, application-based business accelerator and mentorship program designed to help founders develop their ideas into successful businesses. We also offer an 8 week ideator program to help entrepreneurs get a new business off the ground. We supported 44 new entrepreneurs through these programs.
Events & Programming
1909 offers year-round events for our members and the greater community. These events included mastermind group gatherings, industry specific meetups and training, personal development and connection events, mentorship gatherings, college student intros, co-lab, and networking opportunities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $87K | $137K |
| Land, buildings, equipmentLn 10c | $5K | $6K |
| Total assetsLn 16 | $197K | $251K |
| LiabilitiesLn 26 | $8K | $0 |
| Net assetsLn 32 | $190K | $251K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $136K | $97K | $28K | $12K |
| Pay of disqualified personsLn 6 | $150K | $106K | $31K | $13K |
| Accounting feesLn 11c | $49K | $24K | $25K | |
| OccupancyLn 16 | $217K | $211K | $7K | |
| TravelLn 17 | $2K | $1K | $492 | |
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $155K | $123K | $26K | $6K |
| All other expensesLn 24e | $38K | $27K | $12K | |
| Total functional expensesLn 25 | $754K | $564K | $134K | $56K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $815K | $754K | $61K | $251K | 990 PDF |
| FY2023 | $691K | $551K | $140K | $190K | 990 PDF |
| FY2022 | $464K | $483K | −$19K | $71K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $815,355 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $815,355 across 7 lines filed
Part IX · Statement of functional expenses $754,326 across 9 lines filed
Part X · Balance sheet $250,562 assets, 10 lines filed
Part XI · Reconciliation of net assets $250,562 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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