Osgood Beautification & Main St Development Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To promote and advance the aesthetic appearance of Osgood, IN and its environment and to promote its historical heritage. To carry on such activities to enhance cultural appreciation and improve all the lives of Osgood's residents.
- Income
- $102,008
- Spending
- $220,342
- Spent on programs
- 99%
- Reserves
- 8.7 months of spending
- Largest source of income
- fees for its services, 62%
- Employees
- 0
- Volunteers
- 45
- Highest pay
- $475, treasurer
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 63 out of 100. Higher than 34% of charities in its peer group (community improvement, under $250k).
Reserves
28 of 35Spendable reserves would cover 8.7 months of spending.
Debt
20 of 20It owes 6% of what it owns.
Living within its means
0 of 15Spending exceeded income by 116% of income.
Income trend
0 of 15Income fell 51% on the year before.
Spending floor
15 of 1599% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 35 out of 100. Higher than 9% of charities in its peer group (community improvement, under $250k).
Independent board
5 of 250 of 45 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $88,352 spent. A program which began in 2021, construction has been in process in 2022 - 2024, to build a single-family residence to sell on the open market when completed. This house will improve the aesthetics appearance of Osgood's residential area and also improve the compressed housing sale market. This house is being build by the nearby career/ vocational center and all expenses thus far have been for materials. The lot was donated in 2021.
- $49,436 spent. A program which began in 2022 with the purpose of enhancing cultural appreciation in Osgood through bringing nationally recognized performers to entertain on the stage of Osgood's historic and refurbished theatre. Patrons may license seats (387 capacity) for a one-time fee with first rights to purchase tickets for all events. Two artists appreared in 2024 with less interest than in the past.
- $32,997 spent. Bricktoberfest is an annual festival, originating in 2015, to provide Osgood and surrounding area residents with a one day event full of fun and entertainment. This festival includes an afternoon and evening of musical entertainment, a car and tractor show, special activities for children, local vendor booths, and a food and beverage tent.
- $47,844 spent. Other progam services:Dogwood Landscaping $6960Children's Outreach $8650Free Community Concert $15429Park Maintenance $6459US & IN Flags and Banners $2700Cigarette Disposals $1750Flowers $1059Other $4837
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2010 for not filing returns for three years, and reinstated on May 15, 2010.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.