Olivias Organics Charitablefoundation Inc
- Assets
- $2.2k
- Revenue
- $7.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Chelsea, MA
- Founding
- 04/2006
- Data as of
- 12/2022
- EIN
- 20-4229257
Organization Overview
Olivias Organics Charitablefoundation Inc is located in Chelsea, MA. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public 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. Olivias Organics Charitablefoundation Inc 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, Olivias Organics Charitablefoundation Inc generated $7.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $5.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Olivias Organics Charitablefoundation Inc has awarded 50 individual grants totaling $211,810. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZATIONS THAT PROVIDE DIRECT MEDICAL, EDUCATIONAL, THERAPEUTIC OR PSYCHOLOGICAL SERVICES THAT WILL HAVE AN IMMEDIATE AND DIRECT IMPACT ON THE WELL-BEING AND QUALITY OF CHILDREN'S LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark J Demichaelis President | 2 | $0 | |
Mario Perez Treasurer, Clerk | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,570 |
| Interest on Savings | $0 |
| Dividends & Interest | $1 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74 |
| Total operating and administrative expenses | $74 |
| Contributions, gifts, grants paid | $5,700 |
| Total expenses and disbursements | $5,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,224 |
| Savings and temporary cash investments | $0 |
| 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 | $2,224 |
| 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, Olivias Organics Charitablefoundation Inc has awarded $5,700 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ACEECCF PURPOSE: CHARITABLE DONATIONS | $250 |
CHELSEA KIWANIS CLUB PURPOSE: CHARITABLE DONATIONS | $500 |
THE HAT TRICK CLUB INC PURPOSE: CHARITABLE DONATIONS | $800 |
REVERE VETERANS SERVICES PURPOSE: CHARITABLE DONATIONS | $670 |
WINCHESTER FOUNDATION FOR EDUCATIONAL EXCELLENCE PURPOSE: CHARITABLE DONATIONS | $1,265 |
WINCHESTER CLASS OF 2023 PURPOSE: CHARITABLE DONATIONS | $250 |