Olson Inst Of Agriculture & Education
- Assets
- $2.3m
- Revenue
- $205.1k
- Investments
- $2.1m
- Employees
- 0
- Location
- St George, UT
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-4014362
Organization Overview
Olson Inst Of Agriculture & Education is located in St George, UT. The organization was established in 2007. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olson Inst Of Agriculture & Education 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 12/2022, Olson Inst Of Agriculture & Education generated $205.1k in total revenue. All expenses for the organization totaled $189.6k during the year ending 12/2022. While expenses have increased by 37.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS TO SUPPORT AGRICULTURE AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OLSON INSTITUTE FOR AGRICULTURE & EDUCATION PROVIDES GRANTS AND AWARDS TO BRIGHAM YOUNG UNIVERSITY - HAWAII AND THE POLYNESIAN CULTURAL CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Mcbrearty Director | Trustee | 2 | $72,000 |
Michael Mills Director | Trustee | 4 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,000 |
| Total Program Service Revenue | $75,000 |
| Investment income | $60 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,775 |
| Fees for services: Accounting | $1,118 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $189,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,159 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,144,460 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,306,619 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,306,619 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,306,619 |
Grants Awarded
Over the last fiscal year, Olson Inst Of Agriculture & Education has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM YOUNG UNIVERSITY PURPOSE: Support Educational Scholarships | $70,000 |
POLYNESIAN CULTURAL CENTER PURPOSE: Support cultural and educ. activity | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kids Nutrition Company Inc Lakewood, CO | $26,165 | $1,721,650 |
National Cattlemens Foundation Inc Centennial, CO | $1,921,593 | $1,439,981 |
Olson Inst Of Agriculture & Education St George, UT | $2,306,619 | $205,060 |
El Paso Countyy Fairgrounds Corporation Colorado Springs, CO | $4,435 | $0 |
Wyoming Stock Growers Endowment Trust Cheyenne, WY | $2,335,890 | $191,772 |
Fast For Feast Denver, CO | $23,759 | $0 |
Ouallo Kouya Foundation River Heights, UT | $35,204 | $0 |
Flagstaff Ecoranch Inc Flagstaff, AZ | $3,695 | $21,699 |
Jack & Mary Zarybnisky Foundation Inc Burley, ID | $66,032 | $0 |
Bread Of Life Community Outreach Inc Loveland, CO | $584 | $0 |
Andy Clark Foundation Inc Broomfield, CO | $2,900 | $0 |
Cassia County Fair Foundation Burley, ID | $130,699 | $567 |
Animal Based Research Foundation Brighton, CO | $15,896 | $0 |