Olive Branch Foundation Inc
- Assets
- $3.3m
- Revenue
- $61.0k
- Investments
- $200.2k
- Employees
- 0
- Location
- Canton, OH
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 34-1862239
Organization Overview
Olive Branch Foundation Inc is located in Canton, OH. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olive Branch 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, Olive Branch Foundation Inc generated $61.0k 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 $337.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Olive Branch Foundation Inc has awarded 20 individual grants totaling $1,186,650. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marshall B Belden Jr Trustee | 0 | $0 | |
Diana Davis Belden Trustee | 0 | $0 | |
James Bagnola Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| 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 | $60,967 |
| Total Revenue | $60,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,950 |
| Contributions, gifts, grants paid | $335,000 |
| Total expenses and disbursements | $336,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,126 |
| 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 | $3,064,705 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $200,209 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,285,040 |
| 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, Olive Branch Foundation Inc has awarded $335,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAHARISHI FOUNDATION INTERNATIONAL PURPOSE: CREATE A MORE PEACEFUL, HARMONIOUS AND ENLIGHTENED SOCIETY WORLDWIDE | $200,000 |
MAHARISHI INTEGRATIVE HEALTH FOUNDATION PURPOSE: PROMOTE THE TRANSCENDENTAL MEDITATION PROGRAM AND OTHER ASPECTS OF MAHARISHI VEDIC SCIENCE | $50,000 |
WILDLIFE HABITAT CONSERVANCY INC PURPOSE: PROTECTION AND DEVELOPMENT OF GREENSPACE, REFORESTATION, AND LAND FOR THE BENEFIT OF WILDLIFE | $85,000 |