The Olsen Foundation A New Jersey Nonprofit Corporation
- Assets
- $113.7k
- Revenue
- $712.9k
- Investments
- $55.3k
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 26-0029441
Organization Overview
The Olsen Foundation A New Jersey Nonprofit Corporation is located in Princeton, NJ. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Olsen Foundation A New Jersey Nonprofit Corporation 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, Olsen Foundation A New Jersey Nonprofit Corporation generated $712.9k 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 (12.5%) each year. All expenses for the organization totaled $303.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Olsen Foundation A New Jersey Nonprofit Corporation has awarded 195 individual grants totaling $2,574,750. 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 |
|---|---|---|---|
Gregory H Olsen Trustee | 1 | $0 | |
Krista J Dibsie Trustee | 1 | $0 | |
Kimberly A Lapadula Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $402,529 |
| Interest on Savings | $92 |
| Dividends & Interest | $3,104 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $307,181 |
| Capital Gain Net Income | $307,181 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $712,906 |
| 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 | $662 |
| Total operating and administrative expenses | $4,909 |
| Contributions, gifts, grants paid | $298,700 |
| Total expenses and disbursements | $303,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,196 |
| 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 | $55,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,200 |
| Total assets | $113,709 |
| 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, The Olsen Foundation A New Jersey Nonprofit Corporation has awarded $298,700 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF SPACE EXPLORERS - USA PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSE | $30,000 |
BIG BROTHERSBIG SISTERS PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSE | $40,000 |
BOYS & GIRLS CLUB OF TRENTON MERCER PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSE | $40,000 |
BEAUTY FOUNDATION FOR CANCER CARE PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSE | $50,000 |
CRADLE OF AVIATION MUSEUM PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSE | $5,000 |
CULTURE IS KEY PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSE | $10,000 |