Paul E & Gertrude C Olen Charitable Tr
- Assets
- $2.3m
- Revenue
- $211.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Franklin, PA
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 25-6584832
Organization Overview
Paul E & Gertrude C Olen Charitable Tr is located in Franklin, PA. The organization was established in 2003. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Paul E & Gertrude C Olen Charitable Tr 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, Paul E & Gertrude C Olen Charitable Tr generated $211.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $74.9k during the year ending 12/2023. 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
SEE PART XV, CONTRIBUTIONS TO CHURCHES AND NON-PROFIT ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $81,035 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $130,265 |
| Capital Gain Net Income | $130,265 |
| Net ST Capital Gain | $11 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $211,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,489 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $296 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,825 |
| Contributions, gifts, grants paid | $60,072 |
| Total expenses and disbursements | $74,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,968 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,251,913 |
| 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, Paul E & Gertrude C Olen Charitable Tr has awarded $60,072 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OIL CITY LIBRARY PURPOSE: CHARITABLE | $12,014 |
ST JOSEPH CHURCH PURPOSE: CHARITABLE | $48,058 |