Olson Huntsman Vision Foundation
- Assets
- $602.0k
- Revenue
- $188.5k
- Investments
- $497.4k
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 82-2165472
Organization Overview
Olson Huntsman Vision Foundation is located in Salt Lake City, UT. The organization was established in 2018. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olson Huntsman Vision 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, Olson Huntsman Vision Foundation generated $188.5k 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 (52.7%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Randall J Olson Director | 40 | $0 | |
Thomas E Muir Vice Preside | 1 | $0 | |
Thomas D Dee III Director | 2 | $0 | |
Ronald G Moffitt Secretary | 2 | $0 | |
William H Child Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,180 |
| Dividends & Interest | $17,813 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $155,550 |
| Capital Gain Net Income | $155,550 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $188,543 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,835 |
| Total operating and administrative expenses | $18,509 |
| Contributions, gifts, grants paid | $2,750,000 |
| Total expenses and disbursements | $2,768,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,364 |
| Savings and temporary cash investments | $20,223 |
| 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 | $602,010 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that Olson Huntsman Vision Foundation has recieved totaling $1,250,000.
| Awarding Organization | Amount |
|---|---|
Jon And Karen Huntsman Foundation Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $1,250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Blind Children Phoenix, AZ | $30,302,492 | $12,774,867 |
Southern Arizona Association For The Visually Impaired Tucson, AZ | $10,878,580 | $6,203,130 |
Eye Care For Kids - Group Return Midvale, UT | $979,739 | $3,803,614 |
Eye Care For Kids Midvale, UT | $6,626,664 | $3,461,621 |
Olson Huntsman Vision Foundation Salt Lake City, UT | $602,010 | $188,543 |
Arizona Center For The Blind And Visually Impaired Phoenix, AZ | $1,661,480 | $2,113,389 |
United States Association For Blind Athletes Inc Colorado Springs, CO | $1,136,004 | $998,179 |
Envision Sight Inc Boise, ID | $1,682,917 | $1,205,904 |
Arizona Optometric Association Inc Scottsdale, AZ | $1,159,907 | $953,489 |
Colorado Optometric Association Inc Denver, CO | $3,462,917 | $1,110,225 |
Arizona Lions Vision And Hearing Foundation Of Multiple District 21 Phoenix, AZ | $1,650,482 | $555,663 |
Restore Sight International St George, UT | $273,406 | $812,499 |