Carole And Milo Olson Family Foundation is located in Wautoma, WI. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Carole And Milo 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, Carole And Milo Olson Family Foundation generated $23.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $8.5k 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
GUSTAVUS ADOLPHUS COLLEGE-A QUALIFYING 501C ORGANIZATION FOR ANNUAL EXPENSES OF OPERATIONS
LUTHER COLLEGE-A QUALIFYING 501C ORGANIZATION FOR ANNUAL EXPENSES OF OPERATIONS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carole Olson Co-Trustee | 1 | $0 | |
Erik Olson Co-Trustee | 1 | $0 | |
Johanna Olson Co-Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $49 |
Dividends & Interest | $5,554 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $18,120 |
Capital Gain Net Income | $18,120 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $23,723 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $197 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $3,490 |
Contributions, gifts, grants paid | $5,000 |
Total expenses and disbursements | $8,490 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,364 |
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 | $166,932 |
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 |
Over the last fiscal year, Carole And Milo Olson Family Foundation has awarded $5,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Saint Peter, MN PURPOSE: ANNUAL OPERATING EXPENSES | $3,000 |
Decorah, IA PURPOSE: ANNUAL OPERATING EXPENSES | $2,000 |
Organization Name | Assets | Revenue |
---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
Carls Foundation Bloomfield Hills, MI | $120,507,770 | $14,280,001 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI | $107,851,670 | $8,218,571 |