Olin Family Foundation Inc
- Assets
- $2.6m
- Revenue
- $202.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- Longboat Key, FL
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 11-3332090
Organization Overview
Olin Family Foundation Inc is located in Longboat Key, FL. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community 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. Olin 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, Olin Family Foundation Inc generated $202.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $132.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Olin Family Foundation Inc has awarded 13 individual grants totaling $125,000. 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 |
|---|---|---|---|
Susanne Olin Director | 5 | $0 | |
Laura Odell Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $144,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,143 |
| Capital Gain Net Income | $58,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $202,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,003 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $205 |
| Total operating and administrative expenses | $7,408 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $132,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $792,682 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $250 |
| Total assets | $2,612,389 |
| 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 | $90,166 |
| Total liabilities | $90,166 |
Grants Awarded
Over the last fiscal year, Olin Family Foundation Inc has awarded $125,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
RED CROSS PURPOSE: CHARITABLE | $35,000 |
SOUTH EAST GUIDE DOGS PURPOSE: CHARITABLE | $15,000 |
MARIE SELBY BOTANICAL GARDENS PURPOSE: CHARITABLE | $10,000 |
AMERICAS VET DOGS PURPOSE: CHARITABLE | $5,000 |
MOTE MARINE LABORATORY & AQUARIUM PURPOSE: CHARITABLE | $10,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $10,000 |