Olivet Foundation Inc
- Assets
- $2.3m
- Revenue
- $204.1k
- Investments
- $417.2k
- Employees
- 0
- Location
- New Palestine, IN
- Founding
- 03/1970
- Data as of
- 12/2023
- 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 12/2023, Olivet Foundation Inc generated $204.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.6% each year . All expenses for the organization totaled $97.0k during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deryl Botta President | 0 | $0 | |
John Rockey Vice Preside | 0 | $0 | |
Samuel Marlin Secretary` | 0 | $0 | |
John Hale Treasurer | 0 | $0 | |
Matt Wooden Director | 0 | $0 | |
Lisa Cosby Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,861 |
| Interest on Savings | $3,625 |
| Dividends & Interest | $7,314 |
| Net Rental Income | $50,298 |
| 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 | $121,000 |
| Total Revenue | $204,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $26,737 |
| Pension plans, employee benefits | $2,045 |
| Interest | $0 |
| Taxes | $8,591 |
| Depreciation | $13,684 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,818 |
| Total operating and administrative expenses | $96,990 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $96,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,419 |
| Savings and temporary cash investments | $6,912 |
| 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 | $417,236 |
| Net Land, buildings, and equipment | $217,986 |
| Other assets | $25 |
| Total assets | $2,283,578 |
| 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 |