Martha Olson-Fernandez Foundation
- Assets
- $511.8k
- Revenue
- $140.2k
- Investments
- $0.0
- Employees
- 0
- Location
- San Luis Obispo, CA
- Founding
- 04/2013
- Data as of
- 12/2022
- EIN
- 45-4983912
Organization Overview
Martha Olson-Fernandez Foundation is located in San Luis Obispo, CA. The organization was established in 2013. 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. Martha Olson-Fernandez Foundation 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, Martha Olson-Fernandez Foundation generated $140.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $182.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Martha Olson-Fernandez Foundation has awarded 20 individual grants totaling $473,300. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Fernandez President | 1 | $0 | |
Natalie Marie Fernandez CFO | 23 | $20,000 | |
Andrea Alicia Fernandez Secretary | 11 | $10,000 | |
Cheryl Humphrey Director | 1 | $0 | |
Ian Parkinson Director | 1 | $0 | |
John Ronca Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $94,336 |
| Interest on Savings | $275 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,625 |
| Total Revenue | $140,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $595 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,053 |
| Depreciation | $0 |
| Occupancy | $2,559 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69,708 |
| Total operating and administrative expenses | $112,161 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $182,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,740 |
| Savings and temporary cash investments | $299,103 |
| 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 | $511,843 |
| 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 | $3,121 |
| Total liabilities | $3,121 |
Grants Awarded
Over the last fiscal year, Martha Olson-Fernandez Foundation has awarded $70,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOCIATION GREATER NEW YORK PURPOSE: GENERAL FUNDING | $10,000 |
ALS CURE PROJECT PURPOSE: ALS RESEARCH FUNDING | $10,000 |
THE ALS ASSOCIATION GOLDEN WEST CHAPTER PURPOSE: ALS PATIENT CARE FUNDING | $20,000 |
THE CAMPAIGN FOR MASS GENERAL PURPOSE: EXPANDED ACCESS PROGRAM | $30,000 |