David & Roberta Olsen Family Foundation
- Assets
- $2.1m
- Revenue
- $1.2m
- Investments
- $1.3m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 06-1485843
Organization Overview
David & Roberta Olsen Family Foundation is located in Dallas, TX. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David & Roberta Olsen Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, David & Roberta Olsen Family Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $102.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Roberta Olsen Trustee | 1 | $0 | |
Bank Of America N A Agent For Fiduciary | 1 | $11,590 | |
Bradley Olsen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $573,260 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,779 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $526,093 |
| Capital Gain Net Income | $526,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,554 |
| Total Revenue | $1,161,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,590 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $92 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,732 |
| Contributions, gifts, grants paid | $87,695 |
| Total expenses and disbursements | $102,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,853 |
| Savings and temporary cash investments | $760,312 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,084,645 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, David & Roberta Olsen Family Foundation has awarded $1,401,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RIVERSIDE THEATRE PURPOSE: UNRESTRICTED GENERAL | $1,000,000 |
SEE ATTACHED DETAIL PURPOSE: UNRESTRICTED GENERAL | $401,500 |