C P & Irene Olson Trust
- Assets
- $248.4k
- Revenue
- $15.5k
- Investments
- $224.0k
- Employees
- 0
- Location
- Minot, ND
- Founding
- 05/1990
- Data as of
- 12/2023
- 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,773 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,472 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,730 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,948 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $21,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,381 |
| 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 | $224,040 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $248,421 |
| 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 $18,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
LAUREN POTTER PURPOSE: SCHOLARSHIP TUITION | $1,500 |
ELLIE BRAATEN PURPOSE: SCHOLARSHIP TUITION | $1,500 |
BECCA BENSON PURPOSE: SCHOLARSHIP TUITION | $1,500 |
JACOB SHRIVER PURPOSE: SCHOLARSHIP TUITION | $1,500 |
CARTER HOUMANN PURPOSE: SCHOLARSHIP TUITION | $1,500 |
MORGAN HAERER PURPOSE: SCHOLARSHIP TUITION | $1,500 |