Olmstead Family Foundation
- Assets
- $6.0k
- Revenue
- $25.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 06/2015
- Data as of
- 12/2020
- EIN
- 46-1612234
Organization Overview
Olmstead Family Foundation is located in Tulsa, OK. The organization was established in 2015. 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. Olmstead Family 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 12/2020, Olmstead Family Foundation generated $25.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (40.2%) each year. All expenses for the organization totaled $23.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Mardeen Olmstead Trustees | 0.5 | $0 | |
Ann O Weber Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| 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 | $0 |
| Total Revenue | $25 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,417 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $23,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,585 |
| Savings and temporary cash investments | $266 |
| Net Accounts receivable | $125 |
| 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 | $5,976 |
| Accounts payable and accrued expenses | $800 |
| 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 | $800 |
Grants Awarded
Over the last fiscal year, Olmstead Family Foundation has awarded $15,475 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ORAL ROBERTS UNIVERSITY PURPOSE: MIKE CARTER ATHLETIC CENTER | $15,228 |
ORAL ROBERTS UNIVERSITY PURPOSE: MIKE CARTER ATHLETIC CENTER | $247 |