Tom & Cynthia Olson Family Foundation
- Assets
- $1.1m
- Revenue
- $146.1k
- Investments
- $981.8k
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1639212
Organization Overview
Tom & Cynthia Olson Family Foundation is located in Lincoln, NE. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tom & Cynthia Olson 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 12/2021, Tom & Cynthia Olson Family Foundation generated $146.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $75.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tom & Cynthia Olson Family Foundation has awarded 78 individual grants totaling $138,350. 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 |
|---|---|---|---|
Cynthia A Olson Director | 1 | $0 | |
Kerstin O Eckstrom Director | 1 | $0 | |
Lynne O Petro Director | 1 | $0 | |
Thomas H Olson Jr President, Sec., & Treas. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,120 |
| Interest on Savings | $9 |
| Dividends & Interest | $24,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,860 |
| Capital Gain Net Income | $110,860 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $146,126 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,456 |
| Total operating and administrative expenses | $22,916 |
| Contributions, gifts, grants paid | $52,150 |
| Total expenses and disbursements | $75,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,875 |
| Savings and temporary cash investments | $0 |
| 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 | $1,075,668 |
| 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, Tom & Cynthia Olson Family Foundation has awarded $52,150 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $6,500 |
LISCO PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $5,000 |
Fort Collins, CO PURPOSE: GENERAL SUPPORT | $3,500 |
CITY OF FULLERTON PURPOSE: GENERAL SUPPORT | $3,500 |
HABITAT FOR HUMANITY PURPOSE: GENERAL SUPPORT | $3,000 |
WINDSOR COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coloradans For Responsible Energy Development Denver, CO | $1,966,473 | $10,490,943 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Mercy Housing West Denver, CO | $50,068,396 | $10,621,235 |
National Endowment For Financial Education Denver, CO | $147,623,294 | $20,278,344 |
Opportunities Unlimited Sioux City, IA | $5,084,189 | $7,147,348 |
Foundation For Human Enrichment Boulder, CO | $2,136,031 | $6,488,399 |
Colorado Chautauqua Association Boulder, CO | $13,715,907 | $9,331,518 |
Tieszen Memorial Home Inc Marion, SD | $6,223,545 | $5,748,727 |
U S A Shooting Colorado Springs, CO | $5,222,065 | $5,626,398 |
Omni Institute Denver, CO | $3,660,752 | $5,176,918 |
United Methodist Open Door Inc Wichita, KS | $8,209,550 | $4,179,503 |
Joint Initiatives For Youth And Families Colorado Springs, CO | $812,276 | $4,012,152 |