Dr David & Karen Olson Family Foundation
- Assets
- $3.4m
- Revenue
- $159.8k
- Investments
- $3.2m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-4203595
Organization Overview
Dr David & Karen Olson Family Foundation is located in Milwaukee, WI. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Dr David & Karen 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, Dr David & Karen Olson Family Foundation generated $159.8k 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 (47.3%) each year. All expenses for the organization totaled $235.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dr David & Karen Olson Family Foundation has awarded 44 individual grants totaling $576,000. 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 |
|---|---|---|---|
Dr David H Olson Pres/director/sec/treas | 1 | $0 | |
Karen B Olson Vice Pres/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $85,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,374 |
| Capital Gain Net Income | $74,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $159,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,564 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $601 |
| Total operating and administrative expenses | $49,367 |
| Contributions, gifts, grants paid | $186,000 |
| Total expenses and disbursements | $235,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,326 |
| Savings and temporary cash investments | $144,272 |
| 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 | $595,924 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $881 |
| Total assets | $3,358,507 |
| 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, Dr David & Karen Olson Family Foundation has awarded $186,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: GENERAL OPERATING | $30,000 |
ST PAUL CHAMBER ORCHESTRA PURPOSE: GENERAL PURPOSE | $20,000 |
Eagan, MN PURPOSE: GENERAL OPERATING | $15,000 |
PLANNED PARENTHOOD - ST PAUL PURPOSE: GENERAL PURPOSE | $15,000 |
SECOND HARVEST HEARTLAND PURPOSE: GENERAL OPERATING | $15,000 |
St Paul, MN PURPOSE: GENERAL PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samuel Frankel And Jean Frankel Support Foundation Bloomfield Hills, MI | $0 | $127,796 |
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |