Olberg Family Charitable Trust Inc
- Assets
- $103.2k
- Revenue
- $9.7k
- Investments
- $96.9k
- Employees
- 0
- Location
- Marion, IA
- Founding
- 03/1988
- Data as of
- 12/2023
- EIN
- 42-1305184
Organization Overview
Olberg Family Charitable Trust Inc is located in Marion, IA. The organization was established in 1988. 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. Olberg Family Charitable Trust 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 12/2023, Olberg Family Charitable Trust Inc generated $9.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $17.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Olberg Family Charitable Trust Inc has awarded 140 individual grants totaling $133,855. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A ONLY EXPENSE ARE INCOME TAX AND TAX RETURN PREPARATION & BANK FEES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $320 |
| Dividends & Interest | $6,981 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,409 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $1,387 |
| Contributions, gifts, grants paid | $16,070 |
| Total expenses and disbursements | $17,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312 |
| Savings and temporary cash investments | $6,031 |
| 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 | $103,223 |
| 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, Olberg Family Charitable Trust Inc has awarded $16,070 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CEDAR RAPIDS MUSEUM OF ART PURPOSE: CULTURE & EDUCATION | $3,175 |
FIRST PRESBYTERIAN CHURCH PURPOSE: RELIGIOUS & COMMUNITY BETTERMENT | $2,545 |
VASSAR COLLEGE PURPOSE: EDUCATIONAL SUPPORT | $500 |
PLANNED PARENTHOOD PURPOSE: COMMUNITY HEALTH ISSUES | $2,800 |
MADEIRA SCHOOL FUND PURPOSE: EDUCATIONAL SUPPORT | $500 |
BROWN LEDGE FOUNDATION PURPOSE: CULTURAL AND PERFORMING ARTS | $500 |