C P & Irene Olson Trust
- Assets
- $228.1k
- Revenue
- $3.5k
- Investments
- $217.4k
- Employees
- 0
- Location
- Minot, ND
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 45-6076668
Organization Overview
C P & Irene Olson Trust is located in Minot, ND. The organization was established in 1990. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. C P & Irene Olson Trust 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, C P & Irene Olson Trust generated $3.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $20.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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 | $6,073 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,843 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,450 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,318 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,296 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,214 |
| Contributions, gifts, grants paid | $16,500 |
| Total expenses and disbursements | $20,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,706 |
| 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 | $217,440 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $228,146 |
| 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, C P & Irene Olson Trust has awarded $16,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MARY PELTIER PURPOSE: SCHOLARSHIP TUITION | $3,000 |
TRENT HUNSKOR PURPOSE: SCHOLARSHIP TUITION | $1,500 |
MAKENNA COLEMAN PURPOSE: SCHOLARSHIP TUITION | $1,500 |
JACOB UNDLIN PURPOSE: SCHOLARSHIP TUITION | $1,500 |
JACIE ANKENBAUER PURPOSE: SCHOLARSHIP TUITION | $1,500 |
TRINITY ARNASON PURPOSE: SCHOLARSHIP TUITION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Jay And Rose Phillips Family Foundation Of Minnesota Minneapolis, MN | $65,545,808 | $6,097,586 |
Ciresi Walburn Foundation For Children Minneapolis, MN | $31,215,919 | $1,296,068 |
Conrad Heskin Charitable Trust Grand Forks, ND | $0 | $281,368 |
Olseth Foundation Minnetonka, MN | $21,271,180 | $1,153,317 |
Vc Medical Endowment Tr Sioux Falls, SD | $16,574,486 | $1,476,836 |
Donald W & Margaret M Anderson Foundation Long Lake, MN | $17,911,362 | $1,579,811 |
Nehring Family Nice Foundation Sioux Falls, SD | $4,939,586 | $4,091,641 |
Patch Foundation Minneapolis, MN | $5,415,758 | $254,327 |
The Harry Kay Charitable Foundation Minneapolis, MN | $26,507,095 | $2,030,305 |