Olson Family Foundation Inc
- Assets
- $17.6m
- Revenue
- $8.7m
- Investments
- $17.5m
- Employees
- 0
- Location
- Suquamish, WA
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 35-2192036
Organization Overview
Olson Family Foundation Inc is located in Suquamish, WA. The organization was established in 2003. 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 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, Olson Family Foundation Inc generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $391.1k during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Olson Family Foundation Inc has awarded 160 individual grants totaling $3,121,807. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS CREATED EXCLUSIVELY TO PROVIDE FINANCIAL ASSISTANCE FOR RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES OR THE PREVENTION OF CRUELTY TO ANIMALS OR CHILDREN WITHIN THE U.S OR ITS POSSESSIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Olson Secretary/treasurer/direct | 0.5 | $0 | |
Donna Cossandra Olson Honorary Director | 0 | $0 | |
Sandra J Olson President/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,413,450 |
| Interest on Savings | $0 |
| Dividends & Interest | $174,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,142,434 |
| Capital Gain Net Income | $1,142,247 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,730,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,759 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,314 |
| Total operating and administrative expenses | $99,073 |
| Contributions, gifts, grants paid | $292,000 |
| Total expenses and disbursements | $391,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,567 |
| Savings and temporary cash investments | $0 |
| 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 | $17,591,601 |
| 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 Inc has awarded $292,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
WINGS PURPOSE: GENERAL | $135,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL | $20,000 |
NATURAL RESOURCE DEFENSE PURPOSE: GENERAL | $15,000 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: GENERAL | $15,000 |
San Francisco, CA PURPOSE: GENERAL | $10,000 |
Washington, DC PURPOSE: GENERAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |