Tom & Cynthia Olson Family Foundation
- Assets
- $1.1m
- Revenue
- $106.6k
- Investments
- $1.0m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-1639212
Organization Overview
Tom & Cynthia Olson Family Foundation is located in Lincoln, NE. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tom & Cynthia 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 12/2022, Tom & Cynthia Olson Family Foundation generated $106.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $88.7k during the year ending 12/2022. While expenses have increased by 10.6% per year over the past 4 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 2020, Tom & Cynthia Olson Family Foundation has awarded 87 individual grants totaling $159,900. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia A Olson Director | 1 | $0 | |
Kerstin O Eckstrom Director | 1 | $0 | |
Lynne O Petro Director | 1 | $0 | |
Thomas H Olson Jr President, Sec., & Treas. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $27,753 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,803 |
| Capital Gain Net Income | $78,803 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $106,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,832 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,911 |
| Total operating and administrative expenses | $24,013 |
| Contributions, gifts, grants paid | $64,650 |
| Total expenses and disbursements | $88,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,379 |
| 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 | $1,093,746 |
| 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, Tom & Cynthia Olson Family Foundation has awarded $64,650 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF LIED PURPOSE: GENERAL SUPPORT | $1,000 |
SIDNEY PUBLIC SCHOOL FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
TEAMMATES MENTORING PROGRAM PURPOSE: GENERAL SUPPORT | $1,000 |
CHEYENNE COUNTY HOSPITAL & HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: GENERAL SUPPORT | $2,300 |
WINDSOR COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $4,500 |