Jennie H Olson Charitable Foundation Inc
- Assets
- $7.1m
- Revenue
- $127.2k
- Investments
- $7.0m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 39-1818653
Organization Overview
Jennie H Olson Charitable Foundation Inc is located in Madison, WI. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Jennie H Olson Charitable 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, Jennie H Olson Charitable Foundation Inc generated $127.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $583.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jennie H Olson Charitable Foundation Inc has awarded 221 individual grants totaling $2,741,938. 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 |
|---|---|---|---|
John C Mitby President/tr | 1 | $0 | |
Edward Terry Vp/secretary | 1 | $3,000 | |
Steven A Breziski Director | 1 | $0 | |
Louis H Heitke Director | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,813 |
| Dividends & Interest | $195,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$70,812 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,253 |
| Total operating and administrative expenses | $101,919 |
| Contributions, gifts, grants paid | $482,000 |
| Total expenses and disbursements | $583,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $158,126 |
| 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 | $7,108,552 |
| 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, Jennie H Olson Charitable Foundation Inc has awarded $482,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AGEBETTER INC PURPOSE: HEALTH SERVICES | $35,000 |
ALDO LEOPOLD NATURE CENTER PURPOSE: NATURE EDUCATION | $8,500 |
APOSTOLATE TO THE HANDICAPPED PURPOSE: SOCIAL SERVICES | $30,000 |
ARGYLE BOOSTER CLUB PURPOSE: PROGRAM SUPPORT | $3,600 |
ARGYLE BOOSTER CLUB PURPOSE: PROGRAM SUPPORT | $6,000 |
BADGER BOYS STATE INC PURPOSE: PROGRAM SUPPORT | $5,000 |