Kristine Olsen Private Foundation
- Assets
- $1.7m
- Revenue
- $91.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- 10/2003
- Data as of
- 09/2023
- EIN
- 65-6400516
Organization Overview
Kristine Olsen Private Foundation is located in North Palm Beach, FL. The organization was established in 2003. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Kristine Olsen Private 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 09/2023, Kristine Olsen Private Foundation generated $91.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $203.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kristine Olsen Private Foundation has awarded 182 individual grants totaling $679,062. 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 |
|---|---|---|---|
Joseph M Fleming Trustee | 3 | $0 | |
Christian Fleming Trustee | 3 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,957 |
| Dividends & Interest | $35,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,593 |
| Capital Gain Net Income | $51,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $129 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,642 |
| Total operating and administrative expenses | $120,763 |
| Contributions, gifts, grants paid | $83,104 |
| Total expenses and disbursements | $203,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,130 |
| 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 | $4,981 |
| Total assets | $1,704,673 |
| 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, Kristine Olsen Private Foundation has awarded $83,104 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ARC OF PALM BEACH COUNTY PURPOSE: HELP CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES | $3,000 |
GIVE KIDS THE WORLD PURPOSE: VACATIONS FOR CRITICALLY ILL CHILDREN | $3,000 |
FLORIDA OUTREACH CENTER FOR THE BLIND INC PURPOSE: PROVIDE ASSISTANCE TO THE BLIND | $3,000 |
HELEN KELLER SERVICES FOR THE BLIND PURPOSE: HELP THE BLIND DEVELOP INDEPENDENCE | $3,000 |
HOMELESS EMERGENCY PROGRAM PURPOSE: FUND EMERGENCY SERVICES FOR HOMELESS PEOPLE | $3,000 |
HOME SAFE PURPOSE: HELP VICTIMS OF CHILD ABUSE OR DOMESTIC VIOLENCE | $3,000 |