Mt Olive Academic Foundation
- Assets
- $355.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Olive, IL
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 37-1357838
Organization Overview
Mt Olive Academic Foundation is located in Mt Olive, IL. The organization was established in 1997. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, 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. Mt Olive Academic 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, Mt Olive Academic Foundation generated $66.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $26.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE GRANTS TO THE SCHOOL FOR EQUIPMENT, TEACHING AIDES,AND ASSEMBLY PROGRAMS.
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 |
|---|---|---|---|
Roger Kratochvil President | 1 | $0 | |
Jodene Niehaus-Scheller V-President | 0 | $0 | |
Kim Carlille Director | 0 | $0 | |
Kevin Mihelcic Director | 0 | $0 | |
Mary Kratochvil Treasurer | 0.8 | $0 | |
Tony Kaganich Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,685 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $18,670 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,355 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $375 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,313 |
| Other expenses | $250 |
| Total expenses | $26,138 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $355,409 |
| Other assets | $0 |
| Total assets | $355,409 |
| Total liabilities | $0 |
| Net assets or fund balances | $355,409 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mt Olive Academic Foundation has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,000 |
John R Oltman Charitable Foundation Sycamore, IL PURPOSE: GENERAL UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Afterschool Network Indianapolis, IN | $20,410,535 | $4,884,390 |
North Chicago Community Partners Nfp Lake Bluff, IL | $1,892,693 | $3,543,621 |
Pitt Academy Louisville, KY | $2,544,833 | $1,054,257 |
Fenwick Foundation Inc Oak Park, IL | $26,054,511 | $5,711,578 |
Waukee Parent-Teacher Organization Waukee, IA | $283,325 | $492,659 |
Kentucky School Boards Association Educational Foundation Inc Frankfort, KY | $179,866 | $507,563 |
Edmonson County Middle High Schools Extracurricular Activities And Pa Brownsville, KY | $93,989 | $375,296 |
Rice Lake Celebrity Charity Classic Inc Rice Lake, WI | $18,015 | $254,581 |
Friends Of Burley Chicago, IL | $555,030 | $352,482 |
Edgewood Middle School Parentteacher Organization Highland Park, IL | $188,259 | $339,888 |
New Trier Township High School District 203 Educational Foundatio Northfield, IL | $441,360 | $504,821 |
Mclean County Unit Dist 5 Music Parents Association Normal, IL | $123,708 | $244,735 |