Olson Family Pooled Common Fund
- Assets
- $1.6m
- Revenue
- $29.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- Data as of
- 12/2023
- EIN
- 88-2613671
Organization Overview
Olson Family Pooled Common Fund is located in Philadelphia, PA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Olson Family Pooled Common Fund 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 12/2023, Olson Family Pooled Common Fund generated $29.8k in total revenue. All expenses for the organization totaled $61.6k during the year ending 12/2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Olson Trustee | 5 | $0 | |
Elizabeth Q Olson Trustee | 5 | $0 | |
Katherine Olson Trustee | 1 | $0 | |
Ronald D Moyle Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,765 |
| Interest on Savings | $8 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,000 |
| Contributions, gifts, grants paid | $51,590 |
| Total expenses and disbursements | $61,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,317 |
| 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 | $1,515,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,556,317 |
| 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, Olson Family Pooled Common Fund has awarded $51,590 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
INN DWELLING PURPOSE: INSPIRE GIFTED, AT-RISK URBANSTUDENTS TO REALIZE ACADEMIC,HUMAN & SOCIAL CAPACITY | $36,000 |
BROWN UNIVERSITY SPORTS FOUNDATION PURPOSE: WOMENS CREW ANNUAL FUND | $5,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: PUBLIC COLLEGEEDUCATIONAL INSTITUTE | $5,000 |
WOODMERE ART MUSEUM PURPOSE: INSPIRE CREATIVITY, LEARNINGAND SELF-EXPRESSION THRUART AND ARTISTS | $1,100 |
CENTRAL ASSOCIATION OF THE MIRACULOUS MEDAL PURPOSE: TO USHER THE FAITHFULTO COME TO THE FOOT OF THE ALTER | $2,000 |
PHILABUNDENCE PURPOSE: FIGHT TO RELIEVE HUNGER | $1,000 |