Karen Alice Nilsen Olsen Charitable Foundation Inc
- Assets
- $479.9k
- Revenue
- $74.1k
- Investments
- $439.2k
- Employees
- 0
- Location
- Parker, CO
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 46-3709161
Organization Overview
Karen Alice Nilsen Olsen Charitable Foundation Inc is located in Parker, CO. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Karen Alice Nilsen Olsen Charitable 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 12/2023, Karen Alice Nilsen Olsen Charitable Foundation Inc generated $74.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $74.5k during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 5 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, Karen Alice Nilsen Olsen Charitable Foundation Inc has awarded 70 individual grants totaling $240,000. 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 |
|---|---|---|---|
Steven Corey President / Director | 1 | $2,000 | |
David Johnston Vice President / Director | 1 | $2,000 | |
Brad Johnston Secretary / Treasurer / Di | 1 | $2,000 | |
Lynn Staben Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,304 |
| Interest on Savings | $21 |
| Dividends & Interest | $8,311 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,444 |
| Capital Gain Net Income | $16,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,547 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $74,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,690 |
| 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 | $479,851 |
| 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 | $15,000 |
| Total liabilities | $15,000 |
Grants Awarded
Over the last fiscal year, Karen Alice Nilsen Olsen Charitable Foundation Inc has awarded $60,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMATEUR RADIO RELAY PURPOSE: PROVIDES COMMUNICATION REPEATERS, RADIOS AND SUPPORT AT NO COST TO THE AMATEUR RADIO COMMUNITY | $2,000 |
ANDERSON FAMILY FOUNDATION PURPOSE: PROVIDING COLLEGE SCHOLARSHIPS BASED ON COMMUNITY SERVICE, LEADERSHIP AND/OR PARTICIPATION IN HIGH SCHOOL OR CLUB ATHLETICS. | $5,000 |
BOY SCOUTS OF AMERICA GREATER COLORADO COUNCIL PURPOSE: PREPARE YOUNG PEOPLE TO MAKE ETHICAL AND MORAL CHOICES IN THEIR LIVES | $6,000 |
K9'S FOR WARRIORS PURPOSE: PROVIDING HIGHLY TRAINED SERVICE DOGS TO WARRIORS | $1,000 |
LONG BEACH VOLUNTEER FIREFIGHTER FOUNDATION PURPOSE: SUPPORT, TRAINING & EQUIPMENT FOR LB VOLUNTEERS | $1,000 |
OREGON STATE UNIVERSITY FOUNDATION PURPOSE: CREATING TRANSFORMATIVE STUDENT LEARNING EXPERIENCES | $4,000 |