Olberg Family Charitable Trust Inc
- Assets
- $117.3k
- Revenue
- $26.5k
- Investments
- $111.2k
- Employees
- 0
- Location
- Marion, IA
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 42-1305184
Organization Overview
Olberg Family Charitable Trust Inc is located in Marion, IA. The organization was established in 1988. 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. Olberg Family Charitable Trust 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, Olberg Family Charitable Trust Inc generated $26.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $19.5k during the year ending 12/2021. While expenses have increased by 19.8% 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 2015, Olberg Family Charitable Trust Inc has awarded 100 individual grants totaling $102,495. 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
N/A ONLY EXPENSE ARE INCOME TAX AND TAX RETURN PREPARATION & BANK FEES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $6,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,179 |
| Capital Gain Net Income | $20,179 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,759 |
| Contributions, gifts, grants paid | $17,713 |
| Total expenses and disbursements | $19,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382 |
| Savings and temporary cash investments | $5,686 |
| 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 | $117,263 |
| 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, Olberg Family Charitable Trust Inc has awarded $17,713 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD PURPOSE: COMMUNITY HEALTH ISSUES | $5,000 |
Cedar Rapids, IA PURPOSE: CULTURE & EDUCATION | $3,100 |
FIRST PRESBYTERIAN CHURCH PURPOSE: RELIGIOUS & COMMUNITY BETTERMENT | $1,638 |
AREA SUBSTANCE ABUSE COUNCIL PURPOSE: MEDICAL ASSISTANCE | $1,000 |
MADEIRA SCHOOL FUND PURPOSE: EDUCATIONAL SUPPORT | $500 |
Poughkeepsie, NY PURPOSE: EDUCATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
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 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
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 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |