Olive Glen Foundation Inc
- Assets
- $3.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 47
- Location
- Carmichael, CA
- Founding
- 06/1988
- Data as of
- 06/2021
- EIN
- 68-0150774
Organization Overview
Olive Glen Foundation Inc is located in Carmichael, CA. The organization was established in 1988. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2021, Olive Glen Foundation Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olive Glen 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.
For the year ending 06/2021, Olive Glen Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 4.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTED LIVING/CARE-CHRISTIAN SCIENCE HEALING
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL LIVING/NURSING FACILITY FOR INDIVIDUALS RELYING ON CHRISTIAN SCIENCE FOR HEALING, PROVIDING ALL MEALS AND PRACTITIONER CARE FOR EIGHTEEN RESIDENTS, 24 HOURS PER DAY.
PROVIDE TEMPORARY LOW-COST HOUSING FOR CHRISTIAN SCIENCE NURSES WHO ARE RELOCATING FOR EMPLOYMENT WITH ORGANIZATION AND FOR JOURNAL LISTED C.S. NURSES ON TEMPORARY CONTRACT ASSIGNMENT WITH THE ORGANIZATION WHEREBY THEIR SERVICES CAN BE IMMEDIATELY AVAILABLE AT THE NURSING FACILITY WHILE REDUCING FINANCIAL BURDEN & UNEXPECTED COSTS DURING THEIR ASSIGNMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cari Lazansky Executive Director | 40 | $86,243 | |
Margaret Lawrence Director | Trustee | 8 | $1,935 |
Elizabeth Jones Vice President | OfficerTrustee | 2 | $0 |
Joan Boutselis President | OfficerTrustee | 2 | $0 |
Al Farnum Treasurer | OfficerTrustee | 2 | $0 |
Harve Kaufmann Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $235,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $495,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $731,460 |
| Total Program Service Revenue | $1,574,024 |
| Investment income | $17,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,626 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,373,094 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,765 |
| Compensation of current officers, directors, key employees. | $82,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,337,272 |
| Pension plan accruals and contributions | $19,492 |
| Other employee benefits | $0 |
| Payroll taxes | $114,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,107 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,476 |
| Fees for services: Other | $24,375 |
| Advertising and promotion | $0 |
| Office expenses | $7,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,739 |
| Travel | $4,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,658 |
| Insurance | $108,113 |
| All other expenses | $39,613 |
| Total functional expenses | $2,084,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,812 |
| Savings and temporary cash investments | $188,162 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,234 |
| Net Land, buildings, and equipment | $1,806,205 |
| Investments—publicly traded securities | $889,145 |
| Investments—other securities | $0 |
| Investments—program-related | $75,326 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,260,635 |
| Accounts payable and accrued expenses | $14,338 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,338 |
| Net assets without donor restrictions | $3,193,557 |
| Net assets with donor restrictions | $52,740 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,260,635 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Olive Glen Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Isabel Foundation Flint, MI PURPOSE: 2021-2023 PLEDGE - BUILDING AND LANDSCAPE UPGRADES, EQUIPMENT | $15,000 |
Endowment Analysis
| Beg. Balance | $75,356 |
| Earnings | $1,940 |
| Other Expense | $1,940 |
| Ending Balance | $75,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Villa Inc Portland, OR | $178,624,912 | $20,737,089 |
Terwilliger Plaza Inc Portland, OR | $106,881,043 | $19,753,070 |
Palolo Chinese Home Honolulu, HI | $34,098,800 | $20,295,958 |
Friendsview Manor Newberg, OR | $69,864,265 | $15,837,123 |
Holly Hill Rhf Housing Inc Long Beach, CA | $13,821,718 | $11,879,105 |
La Loma Senior Living Services Inc Sun City West, AZ | $72,446,554 | $11,270,644 |
Yellowwood Acres Inc Long Beach, CA | $7,846,822 | $12,102,823 |
Lincoln Glen Manor & Intermediate Care San Jose, CA | $25,233,259 | $13,859,036 |
Arizona Retirement Centers Inc Sierra Winds Life Care Community Peoria, AZ | $31,961,746 | $16,129,321 |
Bixby Knolls Towers Inc Long Beach, CA | $14,435,644 | $11,967,335 |
Solvang Lutheran Home Inc Solvang, CA | $35,503,006 | $14,433,691 |
Lifestream Complete Senior Living Inc Youngtown, AZ | $29,507,597 | $16,070,486 |