Olivecs Foundation
- Assets
- $742.8k
- Revenue
- $518.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fullerton, CA
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 84-2709861
Organization Overview
Olivecs Foundation is located in Fullerton, CA. The organization was established in 2019. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olivecs 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, Olivecs Foundation generated $518.0k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PROGRAM AND SERVICES TO PROMOTE HEALTH AND WELL-BEING OF SENIORS, THEIR FAMILIES AND COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PROGRAM AND SERVICES TO PROMOTE HEALTH AND WELL-BEING OF SENIORS, THEIR FAMILIES AND COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Omer Latif President | Trustee | 4 | $0 |
Shameem Syed Secretary | Trustee | 4 | $0 |
Anne Tahim Treasurer | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $517,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,967 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $517,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,097 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $253 |
| Fees for services: Accounting | $20 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $33,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $685,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $742,774 |
| Accounts payable and accrued expenses | $0 |
| 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 | $175,000 |
| Total liabilities | $175,000 |
| Net assets without donor restrictions | $567,774 |
| Net assets with donor restrictions | $0 |
| 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 | $742,774 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Olivecs Foundation has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Bibi Foundation Fullerton, CA PURPOSE: GENERAL SUPPORT GRANT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Onegeneration Van Nuys, CA | $6,251,493 | $9,815,595 |
Fsl Pathways Phoenix, AZ | $5,868,653 | $8,387,285 |
Grey Bears Santa Cruz, CA | $7,420,160 | $8,377,018 |
On Lok Day Services San Francisco, CA | $8,843,870 | $7,180,931 |
Avenidas Palo Alto, CA | $49,752,413 | $6,728,403 |
Council On Aging-Southern California Inc Irvine, CA | $1,755,022 | $6,425,591 |
San Fernando Valley Interfaith Council Inc Sherman Oaks, CA | $1,551,648 | $6,099,307 |
Dignity Health Connected Living Redding, CA | $2,928,710 | $6,010,412 |
Curry Senior Center San Francisco, CA | $4,644,561 | $5,394,948 |
St Barnabas Senior Center Of Los Angeles Los Angeles, CA | $3,710,549 | $5,246,472 |
Council On Aging Services For Seniors Santa Rosa, CA | $9,665,520 | $5,802,266 |
Peninsula Volunteers Inc Menlo Park, CA | $17,094,751 | $4,692,841 |