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Joel I. Klein, Chancellor ERIC GOLDSTEIN Chief Executive Officer Nutrition and Transportation 44-36 Vernon Boulevard Long Island City, NY 11101 Telephone: 718. 707. 4300 Fax: 718. 472. 0615 Goldstein
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OSFNS stands for Own Sources and Uses of Funds Notes and consists of financial statements that provide detailed information about an organization's sources of funds and how those funds are used.
Nonprofit organizations, charities, and other entities that receive funding from various sources are required to file OSFNS.
To fill out OSFNS, you need to gather financial information about your organization's sources of funds, including donations, grants, and other types of income. Additionally, you need to provide details on how those funds are used, such as expenditures for program activities, administrative costs, and fundraising expenses.
The purpose of OSFNS is to provide transparency and accountability by disclosing information about an organization's financial resources and how they are allocated. This information can be used by stakeholders, including donors, regulators, and the public, to assess an organization's financial health and stewardship of funds.
OSFNS typically includes details about the organization's revenue sources, such as contributions, grants, and investment income. It also provides information on how funds are used, including expenses related to programs, administration, fundraising, and any other significant expenditures.
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