Olivet Foundation Inc
- Assets
- $2.2m
- Revenue
- $1.7m
- Investments
- $227.3k
- Employees
- 0
- Location
- New Palestine, IN
- Founding
- 03/1970
- Data as of
- 12/2021
- EIN
- 23-7026852
Organization Overview
Olivet Foundation Inc is located in New Palestine, IN. The organization was established in 1970. 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. Olivet 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 12/2021, Olivet Foundation Inc generated $1.7m in total revenue. All expenses for the organization totaled $81.2k during the year ending 12/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OFFERS A RELIGIOUS CAMP CREATED TO PROVIDE A RETREAT FOR PEOPLE OF ALL AGES TO FURTHER THEIR RELIGIOUS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deryl Botta President | 5 | $0 | |
Samuel Marlin Secretary | 5 | $0 | |
John Rockey Vice Preside | 5 | $0 | |
John Hale Treasurer | 5 | $0 | |
Matt Wooden Director | 5 | $0 | |
Ryan Cosby Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,596,865 |
| Interest on Savings | $7 |
| Dividends & Interest | $6,545 |
| Net Rental Income | $49,112 |
| Net Gain on Sale of Assets | $379 |
| Capital Gain Net Income | $379 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,653,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $25,327 |
| Pension plans, employee benefits | $1,938 |
| Interest | $0 |
| Taxes | $1,706 |
| Depreciation | $12,080 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,144 |
| Total operating and administrative expenses | $81,164 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $81,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,586 |
| Savings and temporary cash investments | $81,339 |
| 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 | $1,580,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $227,332 |
| Net Land, buildings, and equipment | $241,173 |
| Other assets | $25 |
| Total assets | $2,198,455 |
| 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 |
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|---|---|---|
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Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Hermann Family Foundation St Louis, MO | $60,142,710 | $16,411,582 |