Karen Alice Nilsen Olsen Charitable Foundation Inc
- Assets
- $465.3k
- Revenue
- -$7.7k
- Investments
- $385.3k
- Employees
- 0
- Location
- Parker, CO
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-3709161
Organization Overview
Karen Alice Nilsen Olsen Charitable Foundation Inc is located in Parker, CO. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Karen Alice Nilsen Olsen Charitable 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.
Since 2020, Karen Alice Nilsen Olsen Charitable Foundation Inc has awarded 51 individual grants totaling $180,000. 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 |
|---|---|---|---|
David Johnston Vice President / Director | 1 | $2,000 | |
Steven Corey President / Director | 1 | $2,000 | |
Brad Johnston Secretary / Treasurer / Di | 1 | $2,000 | |
Lynn Staben Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,089 |
| Interest on Savings | $1 |
| Dividends & Interest | $8,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,685 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$7,745 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,806 |
| Total operating and administrative expenses | $26,784 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $86,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,000 |
| 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 | $465,318 |
| 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, Karen Alice Nilsen Olsen Charitable Foundation Inc has awarded $60,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA GREATER COLORADO COUNCIL PURPOSE: PREPARE YOUNG PEOPLE TO MAKE ETHICAL AND MORAL CHOICES IN THEIR LIVES | $6,000 |
ALZHEIMER'S ASSOCIATION - OREGON PURPOSE: VOLUNTARY HEALTH ORGANIZATION IN ALZHEIMER CARE, SUPPORT AND RESEARCH | $6,000 |
Maple Valley, WA PURPOSE: ENLIGHTEN THE MINDS OF YOUNG MUSICIANS, EMBRACE CREATIVITY, ACHIEVEE EXCELLENCE, NURTURE TALENTS AND GIVE BACK TO THE COMMUNITY. | $5,000 |
LEGACY HEALTH - MARK A TERRY ENDOWMENT PURPOSE: CORNEAL CARE RESEARCH AND PATIENT CARECORNEAL CARE | $5,000 |
NORTHWEST CENTER PURPOSE: PROVIDE PROGRAMS AND SERVICES TO HELP CHILDREN & ADULTS WITH DEVELOPMENTAL DISABILITIES. | $5,000 |
Manhattan Beach, CA PURPOSE: PROVIDE WIDE RANGE OF MEDICAL NEEDS FOR PATIENTS WITH PANCREATIC CANCER | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John P Ellbogen Foundation Laramie, WY | $46,423,424 | $5,451,826 |
Caring For Colorado Centennial Fund Denver, CO | $31,808,788 | $10,829,484 |
Business Technology Career Opportunities Inc Wichita, KS | $9,779,338 | $4,681,972 |
Barton Institute For Community Action Denver, CO | $34,619,921 | $16,322,072 |
Forever Young Foundation Bountiful, UT | $7,150,368 | $5,097,036 |
Dreiseszun Family Foundation Overland Park, KS | $64,188,669 | $5,783,291 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
Marvin And Virgina Schmid Foundation Bellevue, NE | $28,131,628 | $2,731,281 |
The Enrichment Foundation Omaha, NE | $53,133,352 | $2,887,034 |
Clarendon Foundation Sandy, UT | $9,714,248 | $1,864,583 |
Arizona School Choice Trust Inc Chandler, AZ | $1,968,579 | $1,563,755 |
Colorado State Patrol Family Foundation Lakewood, CO | $3,544,334 | $2,358,520 |