EIN 85-2512424

The 1909 Foundation

IRS 501(c) type
501(c)(3)
Num. employees
4
State
Year formed
2020
Most recent tax filings
2022-12-01
Description
The 1909 Foundation fosters mindful innovation by supporting creators through a business accelerator program and offering year-round events.
Total revenues
$463,948
2022
Total expenses
$482,835
2022
Total assets
$70,914
2022
Num. employees
4
2022

Program areas at The 1909 Foundation

Incubator space: 1909 provides affordable shared workspace designed to support founders in their day to journery of entrepreneurship. The space provides high speed wifi, printing, conference rooms, brainstorm areas and a community of other founders to provide support. We support over 230 members in our incubator space .
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 opportunties. We hosted approximately 130 events in 2022 for The community of founders we serve. We also hosted our gala to recognize our founders and raise funds to support our programming efforts.
Accelerator program: 6 month, application-based business accelerator and mentorship program designed to help founders develop their ideas into successful businesses. We supported 16 new entrepreneurs with The development and launch of their businesses. 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.
Mentorship:we connect founders and mentors across our community, encouraging knowledge sharing to help founders achieve their goals efficiently and effectively
Co-lab: a team competition of creativity and productivity designed to slingshot our founders with an injection of talented, focused energy. Assigned teams of 4-5 skilled volunteers work together with a founder to impact their project as much as possible in a 12-day hackathon-style event.

Who funds The 1909 Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Stacy and Keith Palagye FoundationGeneral Operating Support$7,500
TD Charitable Foundation1909 Accelerator Program$5,000
Heymann Wolf FoundationGeneral Purposes of Donee$1,000
...and 1 more grant received

Personnel at The 1909 Foundation

NameTitleCompensation
Shana OstrovitzExecutive Director$61,667
Nicholas MohnackyBoard Chairman$0

Financials for The 1909 Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$388,801
Program services$25,082
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$50,065
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$463,948

Form 990s for The 1909 Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-22990View PDF

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Data update history
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 3 new personnel
October 24, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from TD Charitable Foundation
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Business and community development organizationsSchoolsCharities
Issues
EducationBusiness and industry
Characteristics
MembershipsFundraising eventsReceives government fundingGala fundraisersTax deductible donations
General information
Address
313 Datura St 200
West Palm Beach, FL 33401
Metro area
Miami-Fort Lauderdale-Pompano Beach, FL
Phone
(877) 829-5500
IRS details
EIN
85-2512424
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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