Olsten Family C Foundation
- Assets
- $1.3m
- Revenue
- $90.8k
- Investments
- $1.3m
- Employees
- 0
- Location
- New Hope, PA
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 30-0293080
Organization Overview
Olsten Family C Foundation is located in New Hope, PA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Olsten Family C Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Olsten Family C Foundation has awarded 33 individual grants totaling $552,592. 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
PLEASE NOTE: THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
PLEASE NOTE: THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Olsten Director | 1 | $0 | |
Sanford Ehrenkranz Director | 1 | $0 | |
Cheryl Olsten Director | 1 | $0 | |
Sanford Ehrenkranz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $28,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,488 |
| Capital Gain Net Income | $62,488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,557 |
| Total operating and administrative expenses | $82,872 |
| Contributions, gifts, grants paid | $102,592 |
| Total expenses and disbursements | $185,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,103 |
| 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 | $1,287,900 |
| 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 | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Olsten Family C Foundation has awarded $102,592 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FARM SANCTUARY PURPOSE: GENERAL SUPPORT | $25,000 |
CONCORDIA CHAMBER PLAYERS PURPOSE: GENERAL SUPPORT | $1,000 |
EQUUS FOUNDATION INC PURPOSE: GENERAL SUPPORT | $40,000 |
STANDARDBRED RETIREMENT FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |
UNDERDOG HEROES RESCUE PURPOSE: GENERAL SUPPORT | $10,000 |
NEW TRAILS EQUINE RESCUE PURPOSE: GENERAL SUPPORT | $11,592 |