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Nonprofit · EIN 85-2512424

1909 FOUNDATION

Also known as 1909

Tax-exempt · WEST PALM BCH, FL 33401

Financials

$691K$551K2023$815K$754K2024
Revenue Expenses · by fiscal year end
Financials of 1909 FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$815,355$754,326$61,029$250,562$0$250,562
December 31, 2023990$691,483$551,049$140,434$197,357$7,824$189,533
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$779,653
Membership dues
$385,097
Program service revenue
$48,335
Investment income
$0
Net income from fundraising events
-$12,633
Other revenue
-$12,633

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$136,425
Salaries, compensation and benefits (total)
$286,310
Professional fundraising fees
$0
Accounting fees
$48,885
Occupancy
$217,325
Travel
$1,515
Depreciation
$1,463
Program services (functional)
$563,630
Management and general (functional)
$134,346
Fundraising (functional)
$56,350

Balance sheet and other

Total assets, start of year
$197,357
Total assets, end of year
$250,562
Total liabilities, end of year
$0
Net assets, end of year
$250,562
Land, buildings and equipment
$5,795
Net assets without donor restrictions
$54,297
Net assets with donor restrictions
$196,265
Gross receipts
$895,055
Employees
5
Volunteers
80
Year formed
2020
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SHANA OSTROVITZEXECUTIVE DIRECTOR
Officer
40$64,502
DANIELLE CASEYCO-FOUNDER
Officer
40$62,215
NICHOLAS MOHNACKYBOARD CHAIRMAN
Trustee or director
1$0
PATRICK STINUSBOARD TREASURER
Trustee or director
1$0
JANUARY REISSMANBOARD MEMBER-PROGRAM DIREC
Trustee or director
1$0
WILLIAM SHEPHERDBOARD MEMBER-GOVERNANCE CH
Trustee or director
1$0
RYAN POOLEBOARD MEMBER
Trustee or director
1$0
PHILLIP JACKSONBOARD MEMBER
Trustee or director
1$0
EVAN AWARDBOARD MEMBER
Trustee or director
1$0
AUDREY SCHOFIELDBOARD MEMBER-DIRECTOR OF A
Trustee or director
1$0
MICHELLE BAKELSVICE CHAIRMAN
Trustee or director
1$0
SHELLEY ROSENBOARD MEMBER
Trustee or director
1$0
EMILY STARKEYBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
SHANA OSTROVITZEXECUTIVE DIRECTOR
Officer
40$65,000
DANIELLE CASEYCO-FOUNDER
Officer
40$60,829
NICHOLAS MOHNACKYBOARD CHAIRMAN
Trustee or director
1$0
PATRICK STINUSBOARD TREASURER
Trustee or director
1$0
JANUARY REISSMANBOARD MEMBER-PROGRAM DIRECTOR
Trustee or director
1$0
WILLIAM SHEPHERDBOARD MEMBER-GOVERNANCE CH
Trustee or director
1$0
RYAN POOLEBOARD MEMBER
Trustee or director
1$0
PHILLIP JACKSONBOARD MEMBER
Trustee or director
1$0
EVAN AWARDBOARD MEMBER
Trustee or director
1$0
AUDREY SCHOFIELDBOARD MEMBER-DIRECTOR OF ADVANCEMENT
Trustee or director
1$0
MICHELLE BAKELSVICE CHAIRMAN
Trustee or director
1$0

Address and contacts

Address (IRS master file)
319 CLEMATIS ST STE 300, WEST PALM BCH, FL 33401-4616
Mailing address (990-N for 2020)
313 DATURA STREET SUITE 200, WEST PALM BEACH FL 33401
Principal officer (990 for 2024)
SHANA OSTROVITZ, 319 CLEMATIS STREET SUITE 300, WEST PALM BEACH, FL 33401
Principal officer (990-N for 2020)
NICHOLAS MOHNACK, 313 DATURA ST, WEST PALM BEACH FL 33401
Signed the 990
SHANA OSTROVITZ, EXECUTIVE DIRECTOR
Phone
(877) 829-5500
Return prepared by
EISNER ADVISORY GROUP LLC

Mission

TO SUPPORT THE HOLISTIC DEVELOPMENT OF CREATORS TO FOSTER MINDFUL INNOVATION AND UPLIFT OUR COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $329,792 · revenue $40,610
  • 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. WE OFFER BUSINESS COURSES TO HELP FOUNDERS TURN THEIR IDEAS INTO REAL BUSINESSES. OUR PROGRAMS ARE BASED ON COLLABORATIVE LEARNING, WHICH IS THE EDUCATIONAL APPROACH OF USING GROUPS TO ENHANCE LEARNING THROUGH WORKING TOGETHER. THIS STYLE OF LEARNING IS PROVEN TO HELP PARTICIPANTS DEVELOP SOCIAL SKILLS, LEARN FROM PEERS WITH DIFFERENT SKILLS, BUILD TRUST, BECOME MORE ENGAGED, AND BUILD CONFIDENCE AND LEADERSHIP SKILLS.
    Expenses $146,338
  • 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. WE HOSTED OUR GALA TO RECOGNIZE OUR FOUNDERS AND RAISE FUNDS TO SUPPORT OUR PROGRAMMING EFFORTS.
    Expenses $56,000 · revenue $7,725
  • MENTORSHIP: WE CONNECT FOUNDERS AND MENTORS ACROSS OUR COMMUNITY, ENCOURAGING KNOWLEDGE SHARING TO HELP FOUNDERS ACHIEVE THEIR GOALS EFFICIENTLY AND EFFECTIVELY. WE RECRUITED 28 NEW MENTORS IN 2024.
    Expenses $16,500
  • PROJECT 1909: A MICRO-GRANT INITIATIVE THAT ALLOWS US TO PAIR SKILLED FREELANCERS WITH SMALL LOCAL BUSINESSES IN NEED TO COMPLETE PROJECTS TO HELP THE BUSINESS GROW.
    Expenses $15,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-2512424
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$250,562
Income (IRS master file)
$895,055

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$815,355$754,326$250,562XML
990December 2023$691,483$551,049$197,357XML
990December 2022$463,948$482,835$70,914IRS
990December 2021–––IRS
990-N for 2020
Officer: NICHOLAS MOHNACK
December 31, 2020≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-2512424).

Questions about 1909 FOUNDATION

What is the EIN of 1909 FOUNDATION?
The employer identification number (EIN) of 1909 FOUNDATION is 85-2512424.
Is 1909 FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to 1909 FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 1909 FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of 1909 FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 1909 FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of 1909 FOUNDATION?
The 990 for the year ended December 31, 2024 names SHANA OSTROVITZ.
Who are the officers and directors of 1909 FOUNDATION?
The 990 for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $64,502 (SHANA OSTROVITZ, EXECUTIVE DIRECTOR).
How much revenue does 1909 FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $815,355, expenses of $754,326 and total assets of $250,562 at year end.

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