Olb Foundation Inc
- Assets
- $2.1m
- Revenue
- $112.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Bryn Mawr, PA
- Founding
- 01/2003
- Data as of
- 12/2020
- EIN
- 46-0501871
Organization Overview
Olb Foundation Inc is located in Bryn Mawr, PA. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Olb Foundation 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 12/2020, Olb Foundation Inc generated $112.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $186.9k during the year ending 12/2020. While expenses have increased by 5.1% per year over the past 6 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, Olb Foundation Inc has awarded 181 individual grants totaling $575,966. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blakely C Page President | 1 | $0 | |
Brittain Bardes Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $420 |
| Dividends & Interest | $17,074 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,379 |
| Capital Gain Net Income | $12,379 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $82,565 |
| Total Revenue | $112,438 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,301 |
| Total operating and administrative expenses | $52,439 |
| Contributions, gifts, grants paid | $134,500 |
| Total expenses and disbursements | $186,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,143 |
| 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 | $1,637,434 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $213,000 |
| Total assets | $2,118,577 |
| 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 | $39,167 |
| Total liabilities | $39,167 |
Grants Awarded
Over the last fiscal year, Olb Foundation Inc has awarded $70,907 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Corte Madera, CA PURPOSE: DEVOTED TO EXPANDING THE UNDERSTANDING OF HUMAN HEALTH AND WELLNESS. | $15,000 |
WALMART SUPER CENTER - WEST PALM PURPOSE: TWIN CITIES COMMUNITY PRESCHOOL (TCCP) IS A PLAY-BASED PRESCHOOL IN CORTE MADERA, FOUNDED BY A GROUP OF PARENTS IN 1946. WE PROVIDE CHILDREN WITH AN OUTDOOR-ORIENTED LEARNING EXPERIENCE THAT ENCOURAGES CREATIVITY AND EXPLORATION AND BUILDS STRONG RELATIONSHIPS WITH PEERS, PARENT-TEACHERS, AND THE TEACHERS AT THE SCHOOL. | $10,800 |
Palm Beach, FL PURPOSE: DEDICATED TO PRESERVING THE ARCHITECTURAL AND CULTURAL HERITAGE AND THE UNIQUE SCENIC QUALITY OF THE TOWN OF PALM BEACH.THROUGH ADVOCACY INITIATIVES, EDUCATIONAL PROGRAMS, ARCHITECTURAL RESOURCES, AND CULTURAL EVENTS, THE FOUNDATIONS GOAL IS TO ENCOURAGE THE COMMUNITY TO LEARN ABOUT AND SAVE THE HISTORIC SITES THAT MAKE PALM BEACH SPECIAL. | $9,700 |
Washington, DC PURPOSE: FOUNDED IN 1985, GOAL IS TO RAISE PRIVATE FUNDS FROM ACROSS THE NATION TO CREATE AND MAINTAIN THE BEAUTIFUL ROOMS, GARDENS, AND AMENITIES OF BLAIR HOUSE, INCLUDING: PRESERVE AND REFRESH THE FURNISHINGS, DCOR, FINE ARTS, AND GARDENS. | $5,000 |
West Palm Beach, FL PURPOSE: PHILANTHROPY | $5,000 |
Washington, DC PURPOSE: THE NATIONAL MUSEUM OF WOMEN IN THE ARTS WAS FOUNDED IN 1987 BY WILHELMINA COLE HOLLADAY TO CHAMPION WOMEN IN THE ARTS AND EDUCATE THE PUBLIC ABOUT THEIR ACHIEVEMENTS. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Olb Foundation Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Olb Foundation Inc Bryn Mawr, PA PURPOSE: PHILANTHROPY | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |