Olcott Family Foundation Inc
- Assets
- $5.0k
- Revenue
- $22.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Wolfeboro, NH
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 06-1468476
Organization Overview
Olcott Family Foundation Inc is located in Wolfeboro, NH. The organization was established in 1997. 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. Olcott Family 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 12/2022, Olcott Family Foundation Inc generated $22.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $107.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Olcott Family Foundation Inc has awarded 116 individual grants totaling $1,257,755. 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 |
|---|---|---|---|
Emery G Olcott President | 1 | $0 | |
Barbara P Olcott 1st VP & Secretary | 1 | $0 | |
Charles W Olcott 2nd Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22 |
| Dividends & Interest | $620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,986 |
| Capital Gain Net Income | $21,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,628 |
| 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 | $83 |
| Total operating and administrative expenses | $4,869 |
| Contributions, gifts, grants paid | $102,824 |
| Total expenses and disbursements | $107,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,004 |
| 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 | $5,004 |
| 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, Olcott Family Foundation Inc has awarded $102,824 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CASTLE PRESERVATION SOCIETY PURPOSE: CHARITABLE | $5,000 |
FAMILIES IN TRANSITION PURPOSE: CHARITABLE | $2,500 |
FUTURE IN SIGHT PURPOSE: CHARITABLE | $1,000 |
GLAUCOMA RESEARCH FOUNDATION PURPOSE: CHARITABLE | $10,000 |
GREAT WATERS MUSIC FESTIVAL PURPOSE: CHARITABLE | $809 |
MADSONIAN MUSEUM PURPOSE: CHARITABLE | $1,500 |