Olb Foundation Inc
- Assets
- $0.0
- Revenue
- $73.9k
- Investments
- $1.6m
- Employees
- 0
- Location
- Bryn Mawr, PA
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 46-0501871
Organization Overview
Olb Foundation Inc is located in Bryn Mawr, PA. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Olb 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 12/2021, Olb Foundation Inc generated $73.9k 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 (4.2%) each year. All expenses for the organization totaled $112.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Olb Foundation Inc has awarded 191 individual grants totaling $592,206. 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 |
|---|---|---|---|
Brittain Damgard President | 1 | $0 | |
Blakely C Page Vice President | 1 | $0 | |
Merrill Page Director | 1 | $0 | |
Mary Brittain Cheatham Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $126 |
| Dividends & Interest | $21,430 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,825 |
| Total Revenue | $73,859 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $41,538 |
| Contributions, gifts, grants paid | $70,907 |
| Total expenses and disbursements | $112,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,310 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,556,850 |
| Other assets | $265,500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $92,340 |
Grants Awarded
Over the last fiscal year, Olb Foundation Inc has awarded $16,240 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AGNES IRWIN SCHOOL PURPOSE: PHILANTHROPY | $450 |
CINCINNATI ART MUSEUM PURPOSE: PHILANTHROPY | $5,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: PHILANTHROPY | $2,000 |
NEWPORT FILM PURPOSE: PHILANTHROPY | $2,500 |
NEWPORT HOSPITAL FOUNDATION PURPOSE: PHILANTHROPY | $1,000 |
SPARK LARKSPUR-CORTE MADERA SCHOOLS FOUNDATION PURPOSE: PHILANTHROPY | $515 |