1909 Foundation FY2023 filing
Nurtures creators' growth for innovative ideas and community betterment. For fiscal year 2023 it reported $691K in revenue, $551K in expenses, and $190K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- West Palm Bch, FL
- Filings
- 3 on file (2022–2023)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
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 230 members in our incubator space.
Accelerator Program
6 month, application-based business accelerator and mentorship program designed to help founders develop their ideas into successful businesses. We supported 8 new entrepreneurs with the development and launch of their businesses. We offer business courses to help founders turn their ideas into real businesses.
Events & Programming
1909 offers year round events for our members and the greater community. These events included mastermind group gatherings, industry specific meet-ups and training, personal development and connection events, mentorship gatherings, college student intros, and networking opportunities.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Shana Ostrovitz’s $65K as Executive Director is at the 41st percentile of top reported officer pay among 1711 $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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 77% | — | — |
| Overhead ratio | 17% | — | — |
| Fundraising cost ratio | 5% | — | — |
| Revenue growth | 49% | — | — |
| Accounting fee ratio | 5% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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