Olaf S Wessel Charitable Tr 1215017200
- Assets
- $1.2m
- Revenue
- $94.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 07/1993
- Data as of
- 03/2024
- EIN
- 31-6445639
Organization Overview
Olaf S Wessel Charitable Tr 1215017200 is located in Columbus, OH. The organization was established in 1993. 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. Olaf S Wessel Charitable Tr 1215017200 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 03/2024, Olaf S Wessel Charitable Tr 1215017200 generated $94.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $79.5k during the year ending 03/2024. While expenses have increased by 2.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Olaf S Wessel Charitable Tr 1215017200 has awarded 54 individual grants totaling $534,676. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,558 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,327 |
| Capital Gain Net Income | $57,327 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,069 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $29,119 |
| Contributions, gifts, grants paid | $50,430 |
| Total expenses and disbursements | $79,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $84,813 |
| 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 | $1,218,637 |
| 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, Olaf S Wessel Charitable Tr 1215017200 has awarded $50,430 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: FUND OPERATIONS FOR | $5,043 |
TUSCARAWAS COUNTY YMCA PURPOSE: PROVIDE FUNDS FOR COMMUNITY | $5,043 |
FIRST PRESBYTERIAN CHURCH PURPOSE: PROVIDE FUNDS FOR CHURCH | $25,215 |
GOUCHER COLLEGE PURPOSE: PROVIDE EDUCATIONAL | $5,043 |
KIWANIS CLUB OF NEW PHILA OHIO PURPOSE: CHARITABLE PURPOSE | $5,043 |
BOY SCOUTS OF AMERICA PURPOSE: SUPPORT ACTIVITIES FOR BOY | $5,043 |