Olson Family Foundation
- Assets
- $255.7k
- Revenue
- $74.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Mccormick, SC
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-2792365
Organization Overview
Olson Family Foundation is located in Mccormick, SC. The organization was established in 2008. 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. Olson Family Foundation 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, Olson Family Foundation generated $74.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $73.7k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS TO SUPPORT EXPENDITURES TO ACHEIVE FOUNDATION MISSION. FIVE ORGANIZATIONS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise A Olson Trustee | 2 | $0 | |
Jason J Olson Trustee | 5 | $0 | |
Jillian R Priebe Trustee | 5 | $0 | |
C Terry Olson Manager | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $54,855 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,027 |
| Capital Gain Net Income | $9,027 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,456 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,000 |
| Total operating and administrative expenses | $44,012 |
| Contributions, gifts, grants paid | $29,655 |
| Total expenses and disbursements | $73,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,322 |
| Savings and temporary cash investments | $247,345 |
| 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 | $255,667 |
| 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, Olson Family Foundation has awarded $29,655 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN CHURCH BY THE LAKE PURPOSE: TO SUPPORT CHURCH ACTIVITIES | $26,440 |
MCCORMICK COUNTY CHAMBER PURPOSE: TO SUPPORT COMMUNITY ACTIVITIES | $1,275 |
CANCER SOCIETY PURPOSE: TO SUPPORT RESEARCH ACTIVITIES | $1,200 |
ARCHWAY ACADEMY PURPOSE: TO SUPPORT EDUCATIONAL ACTIVIITES | $540 |
LIONS CLUB PURPOSE: TO SUPPORT BENEVOLENT ACTIVITIES | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
North Carolina Glaxosmithkline Foundation Research Triangle Park, NC | $82,949,220 | $9,210,244 |
The Peyton Anderson Foundation Inc Macon, GA | $85,371,883 | $13,633,354 |
The Springs Close Foundation Inc Fort Mill, SC | $40,896,237 | $10,062,453 |
Albemarle Foundation Charlotte, NC | $33,633,920 | $20,497,587 |
Donald And Marilyn Keough Foundation Atlanta, GA | $98,883,521 | $27,525,361 |
Wilbur And Hilda Glenn Family Foundaition Atlanta, GA | $96,293,914 | $6,644,438 |
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC | $134,122,083 | $44,728,639 |
Trailsend Foundation Atlanta, GA | $118,817,898 | $16,686,920 |