Olitsky Family Foundation Inc
- Assets
- $4.1m
- Revenue
- $107.1k
- Investments
- $3.7m
- Employees
- 0
- Location
- Aspen, CO
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 31-1750884
Organization Overview
Olitsky Family Foundation Inc is located in Aspen, CO. The organization was established in 2001. 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. Olitsky Family 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 12/2022, Olitsky Family Foundation Inc generated $107.1k 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 (9.4%) each year. All expenses for the organization totaled $239.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Olitsky Family Foundation Inc has awarded 113 individual grants totaling $2,451,636. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Olitsky Vice President | 5 | $0 | |
Tamar Olitsky President | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $112,538 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,434 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,000 |
| Total Revenue | $107,104 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,079 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,543 |
| Total operating and administrative expenses | $54,666 |
| Contributions, gifts, grants paid | $185,000 |
| Total expenses and disbursements | $239,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $396,129 |
| 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 | $1,575,583 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,121,181 |
| 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, Olitsky Family Foundation Inc has awarded $185,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE MELLON UNIV PURPOSE: GENERAL | $100,000 |
DREXEL UNIV PURPOSE: GENERAL | $75,000 |
GOLSHIM L'CHAIM- SKIT TO LIVE PURPOSE: GENERAL | $5,000 |
ASPEN CENTER FOR ENVIRONMENTAL STUD PURPOSE: GENERAL | $5,000 |