Dr David & Karen Olson Family Foundation
- Assets
- $3.2m
- Revenue
- $139.5k
- Investments
- $3.1m
- Employees
- 0
- Location
- La Crosse, WI
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-4203595
Organization Overview
Dr David & Karen Olson Family Foundation is located in La Crosse, 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 12/2022, Dr David & Karen Olson Family Foundation generated $139.5k 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 (10.0%) each year. All expenses for the organization totaled $264.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dr David & Karen Olson Family Foundation has awarded 47 individual grants totaling $616,000. 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/se | 1 | $0 | |
Karen B Olson Vice Pres/director | 1 | $0 | |
Trust Point Inc Agent | 1 | $42 | |
Us Bank Agent | 1 | $24,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,988 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,553 |
| Capital Gain Net Income | $66,553 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $927 |
| Total Revenue | $139,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,373 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,481 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,142 |
| Total operating and administrative expenses | $29,723 |
| Contributions, gifts, grants paid | $235,000 |
| Total expenses and disbursements | $264,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,110 |
| Savings and temporary cash investments | $147,086 |
| 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 | $3,077,176 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,231,372 |
| 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 $235,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
UJAMAA PLACE PURPOSE: FUNDS FOR NEW PROJECT | $32,500 |
ST PAUL CHAMBER ORCHESTRA PURPOSE: MUSIC AND EDUCATION | $42,500 |
FRIENDS OF ST PAUL LIBRARY PURPOSE: EDUCATION | $30,000 |
MAESTRO'S CIRCLE PURPOSE: MUSIC AND EDUCATION | $10,000 |
IMMIGRANT LAW CENTER PURPOSE: HUMANITARIAN | $10,000 |
CONCORDIA UNIVERSITY PURPOSE: EDUCATION | $5,000 |