Civic Intelligence

The Ossoli Foundation Inc

EIN 45-3635253 • 501(c)3 • Corbin, KY

Profile

The organization holds an annual event, the May Day Festival, to raise funds for the organization. The funds raised from admission to this festival are used to distribute funds to the participating schools and other charitable causes that the board deems appropriate. Individual classes from the area schools perform at the festival. The admission price is the source of funds for the organization. Private donations are also accepted in order to further the exempt purpose.

PO Box 2544Corbin, KY 40702

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

42nd percentile

-1.1%

Higher net margin than 42% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

37th percentile

-11%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Revenue Growth

27th percentile

-27%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Assets

Down

$87,427

Down $733 (-0.8%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Down

$87,427

Down $733 (-0.8%) from 2024

Revenue

Down

$65,404

Down $41,939 (-39%) from 2024

Expenses

Down

$66,137

Down $63,389 (-49%) from 2024

Net Income

Up

-$733

Up $21,450 (+97%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2017: $74,847Liabilities 2017: $0Net Assets 2017: $74,8472017Assets 2018: $74,210Liabilities 2018: $0Net Assets 2018: $74,2102018Assets 2019: $63,228Liabilities 2019: $0Net Assets 2019: $63,2282019Assets 2020: $43,538Liabilities 2020: $0Net Assets 2020: $43,5382020Assets 2021: $59,948Liabilities 2021: $0Net Assets 2021: $59,9482021Assets 2023: $110,343Liabilities 2023: $0Net Assets 2023: $110,3432023Assets 2024: $88,160Liabilities 2024: $0Net Assets 2024: $88,1602024Assets 2025: $87,427Liabilities 2025: $0Net Assets 2025: $87,4272025

Highlighted filing

2025

Assets$87,427
Liabilities$0
Net Assets$87,427

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2017: $96,701Expenses 2017: $72,940Net Income 2017: $23,7612017Revenue 2018: $94,881Expenses 2018: $95,518Net Income 2018: -$6372018Revenue 2019: $58,970Expenses 2019: $69,952Net Income 2019: -$10,9822019Revenue 2020: $139Expenses 2020: $19,829Net Income 2020: -$19,6902020Revenue 2021: $45,425Expenses 2021: $29,015Net Income 2021: $16,4102021Revenue 2023: $123,346Expenses 2023: $75,106Net Income 2023: $48,2402023Revenue 2024: $107,343Expenses 2024: $129,526Net Income 2024: -$22,1832024Revenue 2025: $65,404Expenses 2025: $66,137Net Income 2025: -$7332025

Highlighted filing

2025

Revenue$65,404
Expenses$66,137
Net Income-$733

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 14, 2025
Return Version
2024v5.2
Gross Receipts
$65,404
Mission and Program Overview

Mission

The organization holds an annual event, the May Day Festival, to raise funds for the organization. The funds raised from admission to this festival are used to distribute funds to the participating schools and other charitable causes that the board deems appropriate. Individual classes from the area schools perform at the festival. The admission price is the source of funds for the organization. Private donations are also accepted in order to further the exempt purpose.

Program Services

DescriptionGrantsExpenses
The organization holds an annual event, the May Day Festival, to raise funds for the organization. The funds raised from admission to this festival are used to distribute funds to the participating schools and other charitable causes that the board deems appropriate. Individual classes from the area schools perform at the festival. The admission price is the source of funds for the organization. Private donations are also accepted in order to further the exempt purpose.$0$62,433
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cindy FinnesethVice President/Director-$0--
Kathy HoskinsPresident/Director-$0--
Nettie SoshDirector-$0--
Gay Nell ConleyTreasurer-$0--
June MartinDirector-$0--
Angela DisneySecretary/Director-$0--
Heather McVeyDirector-$0--
Kirbi KerseyDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Ossoli Foundation Inc
EIN
45-3635253
Phone
6065231725
Address
PO Box 2544, Corbin, KY 40702

Signing Officer

Name
Gay Nell Conley
Title
Treasurer
Phone
6065249990
Signed
2025-08-14
Discuss with paid preparer
Yes

Preparer

Firm
Marr Miller & Myers PSC
Address
PO Box 663, Corbin, KY 40702
Preparer
Rebecca B Myers
Phone
6065282454
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8 - Other Revenue

Description: Interest Income. Amount: 90.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: Donations. Amount: 17279. Description: Program Expense. Amount: 45155. Description: Supplies. Amount: 465. Description: Storage. Amount: 3238. Total to Form 990-EZ, line 16: 66137.

Raw XML Appendix187 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest Income. Amount: 90.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8 - Other Revenue
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TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Gay Nell Conley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06065249990
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-14
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ReturnHeader/PreparerPersonGrp/PhoneNum06065282454
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REBECCA B MYERS
ReturnHeader/ReturnTs02025-08-14T15:43:38-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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