Olancho Aid Foundation Inc
- Assets
- $222.4k
- Revenue
- $530.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Accord, MA
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-1979098
Organization Overview
Olancho Aid Foundation Inc is located in Accord, MA. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2021, Olancho Aid Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olancho Aid 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, Olancho Aid Foundation Inc generated $530.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $604.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OLANCHO AID FOUNDATION, INC. IS A 501(C) (3) NONPROFIT, CATHOLIC ORGANIZATION BUILDING AN ECONOMICALLY SUSTAINABLE COMMUNITY IN HONDURAS THAT PROVIDES FAMILIES AN OPPORTUNITY TO STAY WELL, STAY TOGETHER AND AN OPTION TO STAY AT HOME IN HONDURAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUCESSFULLY OPERATED TWO SCHOOLS, ESCUELITA NAZARETH, AND THE CARDINAL RODRIGUEZ INSTITUTE IN THE COUNTRY OF HONDURAS.ESCUELITA NAZARETH CONTINUED TO OPERATE AS THE ONLY SCHOOL FOR SPECIAL NEEDS CHILDREN IN THE STATE OF OLANCHO, HONDURAS AND EDUCATED 90 STUDENTS WITH VARYING DISABILITIES INCLUDING DOWNS SYNDROME, CEREBRAL PALSY, AUTISM, VISUALLY IMPAIRED AND HEARING IMPAIRMENTS. IN ADDITION, THE ESCUELITA NAZARETH OFFERED VOCATIONAL TRAINING FOR STUDENTS TO PREPARE THEM TO BECOME PRODUCTIVE MEMBERS OF SOCIETY. THE CARDINAL RODRIGUEZ INSTITUTE MAINTAINED ITS RANKING AMONG THE TOP HIGH SCHOOLS IN THE STATE OF OLANCHO. PROVIDED SPECIAL NEEDS AND SECONDARY EDUCATION TO 200 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Oneill Executive Director | OfficerTrustee | 40 | $41,000 |
Jessica Santavy Development Director | Trustee | 20 | $37,185 |
Susan Nedza President | OfficerTrustee | 4 | $0 |
Meagan Tenety Treasurer | OfficerTrustee | 1 | $0 |
Michael Freesmeier Board Member | Trustee | 1 | $0 |
Jackie Lass Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $530,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $530,230 |
| Total Program Service Revenue | $0 |
| Investment income | $54 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $530,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $444,959 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $86,402 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,579 |
| Fees for services: Accounting | $39,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $539 |
| Office expenses | $12,991 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,336 |
| All other expenses | $59 |
| Total functional expenses | $604,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,336 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,436 |
| Accounts payable and accrued expenses | $3,926 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,926 |
| Net assets without donor restrictions | $176,310 |
| Net assets with donor restrictions | $42,200 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $222,436 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Olancho Aid Foundation Inc has recieved totaling $15,399.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $10,080 |
Ramsey Family Foundation Trust Franklin, TN PURPOSE: GENERAL FUND | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $319 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Spence School New York, NY | $416,454,517 | $72,977,566 |
Brunswick School Inc Greenwich, CT | $416,319,503 | $63,510,846 |
Buckingham Browne And Nichols School Cambridge, MA | $184,959,090 | $58,711,322 |
Packer Collegiate Institute Brooklyn, NY | $176,388,503 | $70,028,029 |