Receptions For Research - The Greg Olsen Foundation Inc
- Assets
- $245.7k
- Revenue
- $766.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Ft Lauderdale, FL
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-0843891
Organization Overview
Receptions For Research - The Greg Olsen Foundation Inc is located in Ft Lauderdale, FL. The organization was established in 2010. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Receptions For Research - The Greg Olsen Foundation 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 12/2021, Receptions For Research - The Greg Olsen Foundation Inc generated $766.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $146.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Receptions For Research - The Greg Olsen Foundation Inc has awarded 23 individual grants totaling $3,270,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE THE RESOURCES NECESSARY TO ENHANCE THE LIVES OF THOSE AFFECTED WITH DEBILITATING DISEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LYMPHOMA AND LEUKEMIA SOCIETY IS AT THE FOREFRONT OF THE FIGHT TO CURE CANCER. COMPARED TO OTHER BLOOD CANCER NONPROFITS, LLS IS THE LARGEST FUNDER OF CUTTING-EDGE RESEARCH TO ADVANCE CURES. THEY HAVE INVESTED NEARLY $1.3 BILLION IN RESEARCH. THEY ARE LEADERS IN ADVANCING BREAKTHROUGHS IN IMMUNOTHERAPY, GENOMICS AND PERSONALIZED MEDICINE. THIS RESEARCH SAVES LIVES. THESE REVOLUTIONARY NEW TREATMENTS ORIGINALLY DISCOVERED THROUGH BLOOD CANCER RESEARCH ARE NOW BEING TESTED IN CLINICAL TRIALS FOR OTHER CANCERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Dooley Controller | Trustee | 15 | $10,000 |
Kristen Mccullough Director Of Communications | Trustee | 15 | $9,000 |
Gregory W Olsen Founder/chairman | OfficerTrustee | 25 | $0 |
Kara Olsen C-Founder | OfficerTrustee | 5 | $0 |
Christian Olsen Executive Director | OfficerTrustee | 5 | $0 |
Susan Olsen Director Of Community Outr | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $169,162 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $573,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,846 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,736 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $766,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $10,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,599 |
| Advertising and promotion | $0 |
| Office expenses | $3,078 |
| Information technology | $8,148 |
| 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 | $146,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,000 |
| 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 | $2,607 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $245,684 |
| 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 | $990,000 |
| Total liabilities | $990,000 |
| Net assets without donor restrictions | -$744,316 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $245,684 |
Grants Awarded
Over the last fiscal year, Receptions For Research - The Greg Olsen Foundation Inc has awarded $570,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ATRIUM HEALTH PURPOSE: CANCER & MEDICAL RESEARCH | $570,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Receptions For Research - The Greg Olsen Foundation Inc has recieved totaling $40,833.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $28,500 |
Atrium Health Foundation Charlotte, NC PURPOSE: Support for pediatric health fundraising programs | $10,000 |
Tzp Cares Foundation New York, NY PURPOSE: ALLOCATED TO THE HEARTEST YARD PROGRAM, A FAMILY SERVICE PROGRAM ADMINISTERED BY LEVINE CHILDREN'S HOSPITAL IN CHARLOTTE, NC. THE CUTTING-EDGE PROGRAM PROVIDES FAMILIES OF BABIES AFFECTED BY CONGENITAL HEART DISEASE WITH A MULTITUDE OF SERVICES INCLUDING IN-HOME, PRIVATE NURSING CARE, PHYSICAL THERAPY AND SPEECH THERAPY AMONG OTHER BENEFITS. | $2,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dolphins Cycling Challenge Inc Miami Gardens, FL | $2,087,830 | $8,010,731 |
Florida Breast Cancer Coalition Research Foundation North Miami, FL | $2,465,168 | $2,293,769 |
Macular Degeneration Association Sarasota, FL | $4,711,688 | $2,582,069 |
The Donna Foundation Inc Atlantic Beach, FL | $270,716 | $1,590,940 |
Morgan Pressel Foundation Inc Boca Raton, FL | $725,542 | $823,616 |
Pipers Angels Foundation Inc North Palm Beach, FL | $478,705 | $801,520 |
Girl Power 2 Cure Inc Fernandina Beach, FL | $191,513 | $668,056 |
Isakson Initiative Inc Atlanta, GA | $1,622,312 | $1,140,837 |
Kirk A And Dorothy P Landon Foundation Miami, FL | $1,258,511 | $183,633 |
Torch Relay For Childrens Miracle Network Inc Orlando, FL | $0 | $400,391 |
Long Island 2 Day Walk To Fight Breast Cancer Naples, FL | $8,475 | $205,598 |
Runway To Hope Inc Orlando, FL | $401,732 | $143,653 |