Olancho Aid Foundation Inc
- Assets
- $197.8k
- Revenue
- $530.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Accord, MA
- Founding
- 04/2009
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Olancho Aid Foundation Inc generated $530.2k 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 (13.6%) each year. All expenses for the organization totaled $557.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 8 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED FUNDING TO SUPPORT THE SUCESSFUL OPERATION OF 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Oneill Executive Director | 40 | $49,200 | |
Jessica Santavy Development Director | 20 | $32,083 | |
Megan Tenety President | 4 | $0 | |
Ignacio Rivela Treasurer | 1 | $0 | |
James Flanagan Clerk | 1 | $0 | |
Jackie Lass Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $529,887 |
| Interest on Savings | $270 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Total Revenue | $530,157 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,283 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,491 |
| Printing and publications | $0 |
| Other expenses | $41,503 |
| Total operating and administrative expenses | $151,242 |
| Contributions, gifts, grants paid | $406,377 |
| Total expenses and disbursements | $557,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,109 |
| Savings and temporary cash investments | $185,392 |
| 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 | $2,336 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $197,837 |
| 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 | $6,789 |
| Total liabilities | $6,789 |