Olson Family Foundation
- Assets
- $0.0
- Revenue
- $31.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- Data as of
- 12/2018
- EIN
- 20-5331904
Organization Overview
Olson Family Foundation is located in Colorado Springs, CO.
For the year ending 12/2018, Olson Family Foundation generated $31.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $367.6k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OLSON FAMILY FOUNDATION SELECTS VARIOUS CHARITABLE ORGANIZATIONS AND FAITH BASED ORGANIZATION TO MAKE CONTRIBUTIONS TO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Olson Officer | 0 | $0 | |
Kris Olson Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $174 |
| Dividends & Interest | $9,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,563 |
| Capital Gain Net Income | $25 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,388 |
| Contributions, gifts, grants paid | $358,169 |
| Total expenses and disbursements | $367,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Olson Family Foundation has awarded $358,169 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: CHARITABLE PURPOSE | $25,000 |
SHIELD 616 PURPOSE: CHARITABLE PURPOSE | $7,300 |
UNITED STATES OLYMPIC MUSUEM PURPOSE: CHARITABLE PURPOSE | $25,000 |
THE FIRST TEE OF PIKES PEAK PURPOSE: CHARITABLE PURPOSE | $3,750 |
SUSAN KOMEN PURPOSE: CHARITABLE PURPOSE | $1,000 |
YOUNG LIFE PURPOSE: CHARITABLE PURPOSE | $11,600 |